NRG Energy sells electricity and natural gas directly to residential and business customers across the US, primarily under retail brands. It also owns and operates roughly 26 gigawatts of power generation capacity (natural gas, coal, and oil) concentrated in Texas and the Eastern US. Through its 2023 acquisition of Vivint Smart Home, it additionally provides home security and automation services to about 2 million subscribers. Revenue comes from retail energy margins, wholesale power sales, and Vivint's recurring subscription fees.
Employees16,702IPOOct 20, 1993SIC4911HQ1301 McKinney Street, Houston, TX, USA, 77010
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Financials
Profitability
Metric
Current
Margins
Gross Margin
18.8%
Operating Margin
6.3%
EBITDA Margin
11.3%
Net Margin
2.6%
OCF Margin
4.7%
FCF Margin
1.0%
Returns on Capital
ROE
27.1%
ROA
2.7%
ROIC
6.3%
ROCE
9.4%
ROC (Greenblatt)
24.5%
3Y ROIIC
5.3%
Consistency
Years Profitable / 10Y
7
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
27.30
Forward P/E
11.51
P/E ex-NRI
15.28
Shiller P/E (CAPE)
24.98
Cash Flow Multiples
P/FCF
70.91
P/OCF
13.70
P/Owner Earnings
—
FCF Yield
1.45%
Enterprise Value Multiples
EV / EBIT
22.18
EV / Forward EBIT
11.57
EV / EBITDA
12.31
EV / Forward EBITDA
8.73
EV / Revenue
1.39
EV / Forward Revenue
1.23
Asset / Sales
P/S
0.64
P/B
5.18
P/Tangible Book
—
Growth-Adjusted
PEG
1.27
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.80%
Forward Dividend Yield
1.83%
3Y Dividend Growth
7.9%
Payout Ratio
0.27
5Y Yield on Cost
2.28%
Buybacks & Dilution
3Y Buyback Ratio
6.00%
5Y Share Change
−19.1%
Combined
Shareholder Yield
−26.35%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
4.83
Gross Debt / EBITDA
6.28
Cash / Debt
0.01
Equity / Assets
0.12
Coverage
Interest Coverage
2.03
Short-Term Liquidity
Current Ratio
0.97
Quick Ratio
0.89
Cash Ratio
0.02
Composite Scores
Piotroski F-Score
7
Altman Z-Score
1.51
Split History
Date
Split
2007-06-01
2:1
Ex-date
Amount
Pay date
2026-08-03
$0.475
2026-08-17
2026-05-01
$0.475
2026-05-15
2026-02-02
$0.475
2026-02-17
2025-11-03
$0.44
2025-11-17
2025-08-01
$0.44
2025-08-15
2025-05-01
$0.44
2025-05-15
2025-02-03
$0.44
2025-02-18
2024-11-01
$0.4075
2024-11-15
2024-08-01
$0.4075
2024-08-15
2024-04-30
$0.4075
2024-05-15
10 of 57
View allDate
Transcript
Type
2026-08-04
Q2 2026 NRG Energy Inc Earnings Call Transcript
Earnings Call
2026-05-06
Q1 2026 NRG Energy Inc Earnings Call Transcript
Earnings Call
2026-02-24
Q4 2025 NRG Energy Inc Earnings Call Transcript
Earnings Call
2025-11-06
Q3 2025 NRG Energy Inc Earnings Call Transcript
Earnings Call
2025-08-06
Q2 2025 NRG Energy Inc Earnings Call Transcript
Earnings Call
2025-05-12
Q1 2025 NRG Energy Inc Earnings and to Discuss Acquisition of Premier Power Portfolio Call Transcript
Earnings Call
2025-02-26
Q4 2024 NRG Energy Inc Earnings Call Transcript
Earnings Call
2024-11-08
Q3 2024 NRG Energy Inc Earnings Call Transcript
Earnings Call
2024-08-08
Q2 2024 NRG Energy Inc Earnings Call Transcript
Earnings Call
2024-05-07
Q1 2024 NRG Energy Inc Earnings Call Transcript
Earnings Call
10 of 37
5-Step DuPont Analysis
ROE %
23.77%
×
×
Net Margin %
2.56%
×
×
Operating Margin %
6.28%
Operating Income
$2.08B
÷
Revenue
$33.13B
×
Tax Burden
0.8101
Net Income
$849M
÷
Pretax Income
$1.05B
×
Interest Burden
0.5038
Pretax Income
$1.05B
÷
Operating Income
$2.08B
×
Asset Turnover
1.03
÷
Revenue
$33.13B
÷
Average Total Assets
$32.01B
Begin Total Assets
$24.09B
End Total Assets
$39.94B
×
Equity Multiplier
8.96
÷
Avg Total Assets
$32.01B
÷
Avg Stockholders Equity
$3.57B
Begin Equity
$2.29B
End Equity
$4.86B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 17.7M | 8.31% | -343.0K | $2.58B |
| FMR LLC | 16.9M | 7.95% | -528.6K | $2.47B |
| VANGUARD CAPITAL MANAGEMENT LLC | 13.8M | 6.49% | -15.9K | $2.01B |
| FRANKLIN RESOURCES INC | 13.0M | 6.14% | +5.3M | $1.91B |
| STATE STREET CORP | 11.2M | 5.29% | -537.5K | $1.64B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 10.9M | 5.13% | -419.4K | $1.59B |
| VICTORY CAPITAL MANAGEMENT INC | 9.5M | 4.48% | +2.4M | $1.39B |
| GEODE CAPITAL MANAGEMENT, LLC | 6.0M | 2.81% | +8.8K | $869.71M |
| Invesco Ltd. | 5.3M | 2.48% | -10.5K | $770.48M |
| MILLENNIUM MANAGEMENT LLC | 4.3M | 2.00% | +2.3M | $621.88M |
10 of 1,032
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| LS Power Equity Advisors, LLC10% owner | 4.8M | 2.2699% | $500.15M |
| Nanus David10% owner | 4.8M | 2.2699% | $500.15M |
| COBEN LAWRENCE SOfficer | 412.4K | 0.1942% | $42.79M |
| Patel Rasesh M.Officer | 145.1K | 0.0683% | $15.05M |
| Chung BruceOfficer | 89.6K | 0.0422% | $9.30M |
| Abraham SpencerDirector | 84.9K | 0.0400% | $8.81M |
| Gaudette Robert JOfficer | 64.1K | 0.0302% | $6.65M |
| Liyanearachchi DakOfficer | 63.7K | 0.0300% | $6.61M |
| Howell KevinDirector | 56.6K | 0.0267% | $5.87M |
| Curci BrianOfficer | 46.2K | 0.0218% | $4.80M |
10 of 23
View allRecent insider activity
through Sep 8, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Spencer Gerald AlfredOfficer | Open-Market or Private Sale | -1.6K | $191.1K | Sep 8, 2026 |
| Bentley BradOfficer | Tax Withholding | -1.6K | $0 | Aug 4, 2026 |
| Bentley BradOfficer | Tax Withholding | -3.4K | $0 | Aug 4, 2026 |
| Donohue Elisabeth BDirector | Grant/Award (Rule 16b-3(d)) | +81 | $0 | Aug 3, 2026 |
| Cox HeatherDirector | Grant/Award (Rule 16b-3(d)) | +68 | $0 | Aug 3, 2026 |
| Carter Matthew JrDirector | Grant/Award (Rule 16b-3(d)) | +149 | $0 | Aug 3, 2026 |
| Carrillo AntonioDirector | Grant/Award (Rule 16b-3(d)) | +65 | $0 | Aug 3, 2026 |
| Spencer Gerald AlfredOfficer | Grant/Award (Rule 16b-3(d)) | +14 | $0 | Aug 3, 2026 |
| Liyanearachchi DakOfficer | Grant/Award (Rule 16b-3(d)) | +24 | $0 | Aug 3, 2026 |
| Kinney VirginiaOfficer | Grant/Award (Rule 16b-3(d)) | +27 | $0 | Aug 3, 2026 |
10 of 2,230
View all