What is NRG Energy's capex?

NRG Energy (NRG) reported capex of $317M in Q1 2026.

How has NRG Energy's capex changed year-over-year?

NRG Energy's capex increased by 46.1% year-over-year, from $217M to $317M.

What is the long-term trend for NRG Energy's capex?

Over 4 years (2021 to 2025), NRG Energy's capex has grown at a 43.7% compound annual growth rate (CAGR), from $269M to $1.15B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

NRG Energy NRG CapEx

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Other financials

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%

Free cash flow-$486.0M-176%

Valuation

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Market cap$31.51B+4.9%

Enterprise value$58.15B+37.7%

P/E131.9×+74.3×

P/S1×0.0×

Profitability

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Gross margin16.4%-5.0pp

Operating margin3.2%-6.0pp

Net margin0.7%-3.9pp

FCF margin5.7%—

Returns & leverage

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Return on equity6.2%-38.7pp

Debt / equity5.5×+1.1×

Current ratio0.8×-0.2×

Where this comes from

Reported directly by NRG Energy in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: NRG Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NRG Energy's capex?: NRG Energy (NRG) reported capex of $317M in Q1 2026.
How has NRG Energy's capex changed year-over-year?: NRG Energy's capex increased by 46.1% year-over-year, from $217M to $317M.
What is the long-term trend for NRG Energy's capex?: Over 4 years (2021 to 2025), NRG Energy's capex has grown at a 43.7% compound annual growth rate (CAGR), from $269M to $1.15B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.