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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$26.1B
P/E Ratio109.20
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$2B$1.9B$2B$1.7B$1.9B$1.8B
Accrued Progress Collections and Price Adjustments$862M$830M$905M$942M$895M$868M
Other Commercial Liabilities$2B———$1.9B—
Contract liabilities$862M$830M$905M$942M$895M$868M
Accrued Liabilities, Current$2B———$1.9B—
Cash collateral received in support of energy risk management activities$199M———$260M—
Derivative Liability, Current$2.3B$2.6B$2B$1.9B$2.3B$3.2B
Current portion of long-term debt$996M$997M$1.1B$777M$31M$3.4B
Current Portion of Long-Term Debt and Finance Lease Obligations$996M$997M$1.1B$777M$31M$3.4B
Deferred revenue$1.6B$1.5B$1.6B$1.7B$1.6B$1.6B
Derivative Liabilities - Fair Value$2.3B$2.6B$2B$1.9B$2.3B$3.2B
Dividends Payable Per Share—$1.76———$1.90
Derivative liabilities—$30M$36M$27M—$238M
Income taxes payable—$63M$60M$62M—$62M
Net Cash Collateral Posted - Derivative Instruments$199M$730M$446M$323M$260M$176M
Operating lease liabilities, current$66M$52M$38M$36M$35M$38M
Total current liabilities$8.8B$9.3B$8.8B$7.7B$8B$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$152M$144M$127M$164M$146M$150M
Allowance for Doubtful Accounts Receivable (Current)$152M$144M$127M$164M$146M$150M
Cash and cash equivalents$966M$693M$180M$732M$4.7B$178M
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$1.2B$1.4B$643M$1.1B$5B$411M
Cash, Cash Equivalents, and Marketable Securities$28M$28M$28M$30M$33M$34M
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$309M———$365M—
Funds deposited by counterparties$199M$730M$446M$323M$260M$176M
Derivative Assets - Fair Value$3.2B———$3.2B—
Derivative assets$4.4B$5.2B$4.1B$3.4B$3.8B$4.8B
Inventories$478M$373M$451M$452M$461M$665M
Net Cash Collateral Received - Derivative Instruments$309M$217M$361M$358M$365M$606M
Prepaid expenses and other current assets$830M$899M$987M$969M$1.1B$1.4B
Restricted cash$8M$15M$17M$30M$30M$57M
Total current assets$9B$9.9B$8.2B$8.1B$13.1B$9.9B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$705M$518M$305M$166M$215M$3.9B
Accumulated other comprehensive income (loss)-$117M-$115M-$101M-$105M-$81M-$84M
Common stock2M500M500M500M500M500M
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$705M$518M$305M$166M$215M$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$2M$2M$2M$2M$2M$2M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$650M$650M$650M$650M$650M$650M
Treasury Stock, Value$297M$440M$538M$745M$1.1B$1.5B
Preferred stock$650M$650M$650M$650M$650M$650M
Preferred Stock Liquidation Preference Value$650M$650$650$650M$650M$650M
Retained earnings$1.5B$2.2B$2B$2B$2B$2B
Total liabilities and stockholders' equity$24B$25B$24.1B$24B$29.1B$40.1B
Total stockholders' equity$2.5B$2.8B$2.3B$2B$1.7B$4.9B
Treasury stock$297M$440M$538M$745M$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$12M$12M$12M$12M$15M$139M
Deferred Tax Assets and Other Non-Current Assets$1.1B$1.2B$1.3B$1.5B$1.5B$1.6B
Goodwill$5B$5B$5B$5B$5B$8.9B
Net Investment in Lease$151M$140M$133M$139M$130M$153M
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$151M$140M$133M$139M$130M$153M
Other non-current assets$1.1B$1.2B$1.3B$1.5B$1.5B$1.6B
Public Utilities, Property, Plant and Equipment, Net$2B$2.2B$3.2B$3.4B$3.6B$13.5B
Regulated Entity Other Assets Noncurrent$13B$12.9B$12.7B$12.5B$12.4B$16.6B
Operating lease right-of-use assets$151M$140M$133M$139M$130M$153M
Operating Lease Right-of-Use Assets in Other Assets$151M$140M$133M$139M$130M$153M
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$2B$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$24B$25B$24.1B$24B$29.1B$40.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Fair Value of Additional Collateral Required—$14M$13M$19M—$61M
Additional Collateral Required - One Notch Downgrade—$14M$13M$19M—$61M
Fair Value Measurement Disclosure$3.2B———$3.2B—
Gross Assets/Liabilities$3.4B$3.9B$3.2B$3B$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$152M$144M$127M$164M$146M$150M
Available for sale investments$28M$28M$28M$30M$33M$34M
Capitalized Contract Cost, Net$1.2B$1.3B$1.5B$1.6B$1.7B$1.7B
Capped call, convertible debt, conversion, premium———$257M——
Cash and cash equivalents, end of period$1.2B$1.4B$643M$1.1B$5B$411M
Collateral held (cash and letters of credit) against counterparty credit exposure to a portion of the Company's counterparties—$1B$585M$278M—$117M
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$500M$500M$500M$500M$500M$500M
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$12M$11M$12M$12M$11M-$88M
Deferred income taxes$12M$12M$12M$12M$15M$139M
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$997M$895M$861M$644M$622M$565M
Derivatives, gross, liabilities$3.2B———$3.2B—
Derivative Liability$3.4B$3.9B$3.2B$3B$3.4B$4.7B
Derivative Liability, Noncurrent$1.1B$1.3B$1.3B$1.1B$1.1B$1.5B
Derivative liabilities, NPNS election$227M$208M$145M$194M$138M$132M
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—$30M$36M$27M—$238M
Environmental proceedings, disclosure threshold—$1M$1M$1M—$1M
Finite-Lived Intangible Assets, Accumulated Amortization$3.6B$3.5B$3.7B$3.8B$4B$4.1B
Long-Term Debt and Lease Obligation$9.8B$9.8B$9.8B$11.2B$16.4B$19.8B
Less: current maturities$996M$997M$1.1B$777M$31M$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$2B$1.9B$2B$1.7B$1.9B$1.8B
Generation capacity (in GW)—1300.0%1200.0%1200.0%—2500.0%
Generation capacity (MMBTU) annually—180000.0%180000.0%180000.0%—190000000000.0%
Preferred stock, liquidation preference, value$650M$650$650$650M$650M$650M
Preferred Stock, Shares Authorized$10M$10M$10M$10M$10M$10M
Preferred Stock, Shares Issued$650K$650K$650K$650K$650K$650K
Preferred Stock, Shares Outstanding$650K$650K$650K$650K$650K$650K
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$846M$856M$453M—$2B
Accrued excise taxes$9M$2M$2M$4M—$3M
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—$5M$5M$5M—$6M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$862M$830M$905M$942M$895M$868M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$86M$83M$79M$99M$146M$144M
Derivative Liabilities (Non-Current)$1.1B$1.3B$1.3B$1.1B$1.1B$1.5B
Finance lease liabilities$14M$14M$14M$18M$24M$29M
Finance Lease Liabilities (Total)$14M$14M$14M$18M$24M$29M
Long-term debt$10.9B$10.9B$11B$12B$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$862M$830M$905M$942M$895M$868M
Liability For Uncertain Tax Positions Noncurrent—$63M$60M$62M—$62M
Operating lease liabilities, non-current$117M$125M$134M$143M$144M$165M
Other non-current liabilities$821M$847M$883M$911M$861M$920M
Secured Borrowings Cash Right to Reclaim$309M$217M$361M$358M$365M$606M
Total liabilities$21.5B$3.7B$3.1B$2.8B$27.5B$4.6B
Total noncurrent liabilities$12.7B$12.9B$13B$14.3B$19.4B$23.3B
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued—$5M$5M$5M—$6M