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NRG Energy Balance Sheet Statement

Assets, liabilities, and shareholders' equity

NRG Energy holds $40.1B in total assets. Shareholders' equity is $4.9B against $26.8B in total debt. Cash and equivalents total $178.0M. The current ratio is 0.838 and debt-to-equity is 5.50. Based on the Q1 2026 filing.

Total Assets$40.1BTotal Stockholders Equity$4.9BLong Term Debt$23.2BCash And Equivalents$178.0MTotal Current Assets$9.9BTotal Current Liabilities$11.8B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$26.5B
P/E Ratio110.79
ROE6.25%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.5B$2.4B$2.5B$2.3B$2.8B$2.5B
Accrued expenses$2.0B$1.9B$2.0B$1.7B$1.9B$1.8B
Accrued Progress Collections and Price Adjustments$862.0M$830.0M$905.0M$942.0M$895.0M$868.0M
Other Commercial Liabilities$2.0B———$1.9B—
Contract liabilities$862.0M$830.0M$905.0M$942.0M$895.0M$868.0M
Accrued Liabilities, Current$2.0B———$1.9B—
Cash collateral received in support of energy risk management activities$199.0M———$260.0M—
Derivative Liability, Current$2.3B$2.6B$2.0B$1.9B$2.3B$3.2B
Current portion of long-term debt$996.0M$997.0M$1.1B$777.0M$31.0M$3.4B
Current Portion of Long-Term Debt and Finance Lease Obligations$996.0M$997.0M$1.1B$777.0M$31.0M$3.4B
Deferred revenue$1.6B$1.5B$1.6B$1.7B$1.6B$1.6B
Derivative Liabilities - Fair Value$2.3B$2.6B$2.0B$1.9B$2.3B$3.2B
Dividends Payable Per Share—$1.76———$1.90
Derivative liabilities—$30.0M$36.0M$27.0M—$238.0M
Income taxes payable—$63.0M$60.0M$62.0M—$62.0M
Net Cash Collateral Posted - Derivative Instruments$199.0M$730.0M$446.0M$323.0M$260.0M$176.0M
Operating lease liabilities, current$66.0M$52.0M$38.0M$36.0M$35.0M$38.0M
Total current liabilities$8.8B$9.3B$8.8B$7.7B$8.0B$11.8B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$3.5B$3.5B$3.4B$3.3B$4.1B$3.8B
Allowance for Doubtful Accounts$152.0M$144.0M$127.0M$164.0M$146.0M$150.0M
Allowance for Doubtful Accounts Receivable (Current)$152.0M$144.0M$127.0M$164.0M$146.0M$150.0M
Cash and cash equivalents$966.0M$693.0M$180.0M$732.0M$4.7B$178.0M
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$1.2B$1.4B$643.0M$1.1B$5.0B$411.0M
Cash, Cash Equivalents, and Marketable Securities$28.0M$28.0M$28.0M$30.0M$33.0M$34.0M
Derivative Instruments And Hedges$2.7B$3.4B$2.3B$1.9B$2.2B$3.1B
Cash collateral paid in support of energy risk management activities$309.0M———$365.0M—
Funds deposited by counterparties$199.0M$730.0M$446.0M$323.0M$260.0M$176.0M
Derivative Assets - Fair Value$3.2B———$3.2B—
Derivative assets$4.4B$5.2B$4.1B$3.4B$3.8B$4.8B
Inventories$478.0M$373.0M$451.0M$452.0M$461.0M$665.0M
Net Cash Collateral Received - Derivative Instruments$309.0M$217.0M$361.0M$358.0M$365.0M$606.0M
Prepaid expenses and other current assets$830.0M$899.0M$987.0M$969.0M$1.1B$1.4B
Restricted cash$8.0M$15.0M$17.0M$30.0M$30.0M$57.0M
Total current assets$9.0B$9.9B$8.2B$8.1B$13.1B$9.9B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$705.0M$518.0M$305.0M$166.0M$215.0M$3.9B
Accumulated other comprehensive income (loss)-$117.0M-$115.0M-$101.0M-$105.0M-$81.0M-$84.0M
Common stock2M500M500M500M2M500M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued205.1M203.1M201.1M199.7M199.8M224.9M
Convertible Preferred Stock Authorized Shares10M10M10M10M10M10M
Convertible Preferred Stock Issued Shares650K650K650K650K650K650K
Convertible Preferred Stock Outstanding Shares650K650K650K650K650K650K
Additional paid-in capital$705.0M$518.0M$305.0M$166.0M$215.0M$3.9B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$650.0M$650.0M$650.0M$650.0M$650.0M$650.0M
Treasury Stock, Value$297.0M$440.0M$538.0M$745.0M$1.1B$1.5B
Preferred stock$650.0M$650.0M$650.0M$650.0M$650.0M$650.0M
Preferred Stock Liquidation Preference Value$650.0$650.0$650.0$650.0M$650.0M$650.0M
Retained earnings$1.5B$2.2B$2.0B$2.0B$2.0B$2.0B
Total liabilities and stockholders' equity$24.0B$25.0B$24.1B$24.0B$29.1B$40.1B
Total stockholders' equity$2.5B$2.8B$2.3B$2.0B$1.7B$4.9B
Treasury stock$297.0M$440.0M$538.0M$745.0M$1.1B$1.5B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capitalized Contract Costs, Net$1.2B$1.3B$1.5B$1.6B$1.7B$1.7B
Deferred tax assets$12.0M$12.0M$12.0M$12.0M$15.0M$139.0M
Deferred Tax Assets and Other Non-Current Assets$1.1B$1.2B$1.3B$1.5B$1.5B$1.6B
Goodwill$5.0B$5.0B$5.0B$5.0B$5.0B$8.9B
Net Investment in Lease$151.0M$140.0M$133.0M$139.0M$130.0M$153.0M
Deferred tax assets$2.1B$1.9B$1.9B$1.9B$1.8B$1.8B
Derivative Instruments And Hedges Noncurrent$1.7B$1.7B$1.7B$1.5B$1.6B$1.7B
Operating lease right-of-use assets$151.0M$140.0M$133.0M$139.0M$130.0M$153.0M
Other non-current assets$1.1B$1.2B$1.3B$1.5B$1.5B$1.6B
Public Utilities, Property, Plant and Equipment, Net$2.0B$2.2B$3.2B$3.4B$3.6B$13.5B
Regulated Entity Other Assets Noncurrent$13.0B$12.9B$12.7B$12.5B$12.4B$16.6B
Operating lease right-of-use assets$151.0M$140.0M$133.0M$139.0M$130.0M$153.0M
Operating Lease Right-of-Use Assets in Other Assets$151.0M$140.0M$133.0M$139.0M$130.0M$153.0M
Other non-current assets$1.1B$1.2B$1.3B$1.5B$1.5B$1.6B
Accumulated depreciation$1.5B$1.6B$1.6B$1.7B$1.8B$1.8B
Property and equipment, net$2.0B$2.2B$3.2B$3.4B$3.6B$13.5B
Software and Technology Licenses, Net$1.1B$1.2B$1.3B$1.5B$1.5B$1.6B
Total assets$24.0B$25.0B$24.1B$24.0B$29.1B$40.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Fair Value of Additional Collateral Required—$14.0M$13.0M$19.0M—$61.0M
Additional Collateral Required - One Notch Downgrade—$14.0M$13.0M$19.0M—$61.0M
Fair Value Measurement Disclosure$3.2B———$3.2B—
Gross Assets/Liabilities$3.4B$3.9B$3.2B$3.0B$3.4B$4.7B
Accounts Receivable, after Allowance for Credit Loss$3.5B$3.5B$3.4B$3.3B$4.1B$3.8B
Accounts Receivable, Allowance for Credit Loss$152.0M$144.0M$127.0M$164.0M$146.0M$150.0M
Available for sale investments$28.0M$28.0M$28.0M$30.0M$33.0M$34.0M
Capitalized Contract Cost, Net$1.2B$1.3B$1.5B$1.6B$1.7B$1.7B
Capped call, convertible debt, conversion, premium———$257.0M——
Cash and cash equivalents, end of period$1.2B$1.4B$643.0M$1.1B$5.0B$411.0M
Collateral held (cash and letters of credit) against counterparty credit exposure to a portion of the Company's counterparties—$1.0B$585.0M$278.0M—$117.0M
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$500.0M$500.0M$500.0M$500.0M$500.0M$500.0M
Common stock, shares issued (in shares)$205.1M$203.1M$201.1M$199.7M$199.8M$224.9M
Common Stock, Shares, Outstanding$198.6M$196.5M$194.6M$192.3M$190.4M$212.8M
Net exposure (as a percent)—100.0%100.0%100.0%—100.0%
Debt Instrument, Unamortized Discount (Premium), Net$12.0M$11.0M$12.0M$12.0M$11.0M-$88.0M
Deferred income taxes$12.0M$12.0M$12.0M$12.0M$15.0M$139.0M
Total derivative assets valued with prices provided by models and other valuation techniques (as a percent)—5.0%10.0%10.0%—7.0%
Derivative asset, NPNS election$997.0M$895.0M$861.0M$644.0M$622.0M$565.0M
Derivatives, gross, liabilities$3.2B———$3.2B—
Derivative Liability$3.4B$3.9B$3.2B$3.0B$3.4B$4.7B
Derivative Liability, Noncurrent$1.1B$1.3B$1.3B$1.1B$1.1B$1.5B
Derivative liabilities, NPNS election$227.0M$208.0M$145.0M$194.0M$138.0M$132.0M
Total derivative liabilities valued with prices provided by models and other valuation techniques (as a percent)—11.0%16.0%17.0%—11.0%
Derivative, Net Liability Position, Aggregate Fair Value—$30.0M$36.0M$27.0M—$238.0M
Environmental proceedings, disclosure threshold—$1.0M$1.0M$1.0M—$1.0M
Finite-Lived Intangible Assets, Accumulated Amortization$3.6B$3.5B$3.7B$3.8B$4.0B$4.1B
Long-Term Debt and Lease Obligation$9.8B$9.8B$9.8B$11.2B$16.4B$19.8B
Less: current maturities$996.0M$997.0M$1.1B$777.0M$31.0M$3.4B
Net counterparty credit exposure to a portion of the Company's counterparties—$1.6B$1.1B$1.2B—$1.2B
Number of facilities—2.002.002.00——
Other accrued liabilities$2.0B$1.9B$2.0B$1.7B$1.9B$1.8B
Generation capacity (in GW)—13.0012.0012.00—25.00
Generation capacity (MMBTU) annually—1800.001800.001800.00—1900000000.00
Preferred stock, liquidation preference, value$650.0M$650.0$650.0$650.0M$650.0M$650.0M
Preferred Stock, Shares Authorized$10.0M$10.0M$10.0M$10.0M$10.0M$10.0M
Preferred Stock, Shares Issued$650.0K$650.0K$650.0K$650.0K$650.0K$650.0K
Preferred Stock, Shares Outstanding$650.0K$650.0K$650.0K$650.0K$650.0K$650.0K
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$846.0M$856.0M$453.0M—$2.0B
Accrued excise taxes$9.0M$2.0M$2.0M$4.0M—$3.0M
Treasury stock, shares (in shares)$6.5M$6.6M$6.5M$7.4M$9.5M$12.1M
Unbilled balances$1.5B$1.4B$1.5B$1.3B$1.7B$1.4B
Penalties and interest accrued on unrecognized tax benefits—$5.0M$5.0M$5.0M—$6.0M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$862.0M$830.0M$905.0M$942.0M$895.0M$868.0M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$86.0M$83.0M$79.0M$99.0M$146.0M$144.0M
Derivative Liabilities (Non-Current)$1.1B$1.3B$1.3B$1.1B$1.1B$1.5B
Finance lease liabilities$14.0M$14.0M$14.0M$18.0M$24.0M$29.0M
Finance Lease Liabilities (Total)$14.0M$14.0M$14.0M$18.0M$24.0M$29.0M
Long-term debt$10.9B$10.9B$11.0B$12.0B$16.6B$23.2B
Long-Term Debt and Finance Lease Obligations$9.8B$9.8B$9.8B$11.2B$16.4B$19.8B
Deferred revenue, net of current portion$862.0M$830.0M$905.0M$942.0M$895.0M$868.0M
Liability For Uncertain Tax Positions Noncurrent—$63.0M$60.0M$62.0M—$62.0M
Operating lease liabilities, non-current$117.0M$125.0M$134.0M$143.0M$144.0M$165.0M
Other non-current liabilities$821.0M$847.0M$883.0M$911.0M$861.0M$920.0M
Secured Borrowings Cash Right to Reclaim$309.0M$217.0M$361.0M$358.0M$365.0M$606.0M
Total liabilities$21.5B$3.7B$3.1B$2.8B$27.5B$4.6B
Total noncurrent liabilities$12.7B$12.9B$13.0B$14.3B$19.4B$23.3B
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued—$5.0M$5.0M$5.0M—$6.0M