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NRG Energy NRG Q2 2025 earnings

Reported August 6, 2025 · Before market open

Revenue estimate$6.5B
EPS estimate$1.74

Next report

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

Financials

Q2 2025

Income statement

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Revenue$6.7B+1.2%
Gross profit$1.1B-52.3%
Operating income--100%
Net income-$104.0M-114%
EPS (diluted)-$0.62-118%

Balance sheet

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Cash & equivalents$180.0M-52.1%
Total debt$12.4B+8.3%
Total equity$2.3B-36.8%
Total assets$24.1B-6.5%

Cash flow

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Operating cash flow$451.0M-57.3%
CapEx$378.0M+267%
Free cash flow$73.0M-92.3%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$30.05B+84.6%
Enterprise value$42.22B+54.7%
P/E57.6×
P/S+0.5×

Profitability

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Gross margin17.3%-3.9pp
Operating margin4.3%-8.4pp
Net margin1.8%
FCF margin5%

Returns & leverage

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Return on equity17.7%
Debt / equity5.4×+2.3×
Current ratio0.9×-0.2×

Segments

By product

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Total operating revenue$6.7B+1.2%
Retail revenue$6.5B+2.8%
Energy revenue$99.0M-10.0%
Other revenue$62.0M-26.2%
Capacity revenue$61.0M+38.6%

By segment

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Texas Segment$2.8B+3.0%
East Segment$2.7B+8.1%
West/Other$675.0M-29.3%

Versus estimates

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Questions, answered.

When did NRG Energy report Q2 2025 earnings?
NRG Energy (NRG) reported Q2 2025 earnings on August 6, 2025 before market open.
What were NRG Energy's Q2 2025 revenue and EPS?
NRG Energy reported revenue of $6.7B and diluted EPS of $1.68 for Q2 2025.
Did NRG Energy beat estimates in Q2 2025?
Revenue beat the consensus estimate of $6.5B by $287.7M. EPS missed the consensus estimate of $1.74 by $0.06.
How did NRG Energy's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.4% from $6.6B a year earlier and diluted EPS grew 13.5% from $1.48.
Where can I find NRG Energy's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001013871-25-000020) directly on SEC EDGAR. The filing index links above go to sec.gov.