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NRG Energy NRG Q3 2025 earnings

Reported November 6, 2025 · Before market open

Revenue estimate$7.5B
EPS estimate$2.14

Next report

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

Financials

Q3 2025

Income statement

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Revenue$7.6B+5.7%
Gross profit$1.4B+8,813%
Operating income$414.0M+151%
Net income$152.0M+120%
EPS (diluted)$0.69+118%

Balance sheet

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Cash & equivalents$732.0M-33.7%
Total debt$13.0B+14.8%
Total equity$2.0B-21.8%
Total assets$24.0B+1.0%

Cash flow

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Operating cash flow$484.0M+1,461%
CapEx$254.0M+123%
Free cash flow$230.0M

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$31.33B+65.3%
Enterprise value$43.61B+49.4%
P/E21.7×
P/S1.1×+0.4×

Profitability

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Gross margin21.8%+5.6pp
Operating margin8.4%+0.2pp
Net margin4.8%
FCF margin5.7%

Returns & leverage

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Return on equity64.2%
Debt / equity6.6×+2.1×
Current ratio1.1×-0.1×

Segments

By product

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Total operating revenue$7.6B+5.7%
Retail revenue$7.3B+4.7%
Energy revenue$148.0M+15.6%
Capacity revenue$87.0M+85.1%
Other revenue$83.0M-11.7%

By segment

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Texas Segment$3.4B+2.4%
East Segment$3.0B+16.5%
West/Other$715.0M-25.1%

Versus estimates

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Questions, answered.

When did NRG Energy report Q3 2025 earnings?
NRG Energy (NRG) reported Q3 2025 earnings on November 6, 2025 before market open.
What were NRG Energy's Q3 2025 revenue and EPS?
NRG Energy reported revenue of $7.6B and diluted EPS of $2.75 for Q3 2025.
Did NRG Energy beat estimates in Q3 2025?
Revenue beat the consensus estimate of $7.5B by $172.7M. EPS beat the consensus estimate of $2.14 by $0.61.
How did NRG Energy's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.7% from $7.2B a year earlier and diluted EPS grew 48.6% from $1.85.
Where can I find NRG Energy's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001013871-25-000023) and the 10-Q periodic report (0001013871-25-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.