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NRG Energy NRG Q1 2026 earnings

Reported May 6, 2026 · Before market open

Revenue$10.3BBeat by $1.9BDiluted EPS$1.48Miss by $0.30
Revenue estimate$8.4B
EPS estimate$1.78

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$7.5B
EPS estimate$1.76

Financials

Q1 2026

Income statement

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Revenue$10.3B+19.5%
Gross profit$1.4B-30.9%
Operating income$328.0M-71.1%
Net income$125.0M-83.3%
EPS (diluted)$0.52-85.6%

Balance sheet

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Cash & equivalents$178.0M-74.3%
Total debt$26.8B+122%
Total equity$4.9B+75.5%
Total assets$40.1B+60.3%

Cash flow

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Operating cash flow-$169.0M-120%
CapEx$317.0M+46.1%
Free cash flow-$486.0M-176%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$29.01B+59.6%
Enterprise value$55.65B+87.0%
P/E121.4×+108×
P/S0.9×+0.3×

Profitability

See full
Gross margin16.4%-5.0pp
Operating margin3.2%-6.0pp
Net margin0.7%-3.9pp

Returns & leverage

See full
Return on equity6.2%-38.7pp
Debt / equity5.5×+1.1×
Current ratio0.8×-0.2×

Segments

By product

See full
Total operating revenue$10.3B+19.5%
Retail revenue$9.5B+15.6%
Energy revenue$475.0M+93.9%
Capacity revenue$239.0M+409%
Other revenue$78.0M-19.6%

By segment

See full
East Segment$6.4B+40.5%
Texas Segment$2.4B-1.7%
West/Other$865.0M—

Versus estimates

Revenue

Q1 2026$10.3BBeat by $1.9B
Q4 2025$7.8BBeat by $1.1BQ3 2025$7.6BBeat by $172.7MQ2 2025$6.7BBeat by $287.7MQ1 2025$8.6BBeat by $663.2MQ4 2024$6.8BMiss by $996.0M

Diluted EPS

Q1 2026$1.48Miss by $0.30
Q4 2025$1.03Beat by $0.06Q3 2025$2.75Beat by $0.61Q2 2025$1.68Miss by $0.06Q1 2025$2.62Beat by $0.87Q4 2024$1.52Beat by $0.48

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Questions, answered.

When did NRG Energy report Q1 2026 earnings?
NRG Energy (NRG) reported Q1 2026 earnings on May 6, 2026 before market open.
What were NRG Energy's Q1 2026 revenue and EPS?
NRG Energy reported revenue of $10.3B and diluted EPS of $1.48 for Q1 2026.
Did NRG Energy beat estimates in Q1 2026?
Revenue beat the consensus estimate of $8.4B by $1.9B. EPS missed the consensus estimate of $1.78 by $0.30.
How did NRG Energy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.9% from $8.6B a year earlier and diluted EPS declined 43.5% from $2.62.
Where can I find NRG Energy's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001013871-26-000010) and the 10-Q periodic report (0001013871-26-000012) directly on SEC EDGAR. The filing index links above go to sec.gov.