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NRG Energy NRG Capacity revenue — Derivative revenue

Other product segments

Retail revenue
$41M+273%
Derivative revenue
$25M-19.4%
Energy revenue
$5M-72.2%
Other revenue, derivative
-$5M-400%

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LNGDerivative assets
$25M-81.5%
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NEEDerivative assets
$3.06B+14.0%
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SAFEProceeds Paid Received From Derivative Transactions
$3.28M
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STWDDerivative assets
$32.25M-62.0%

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%
CapEx$317.0M+46.1%
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/S0.0×

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:UnrealizedGainLossOnDerivatives.

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 capacity revenue — derivative revenue?
NRG Energy (NRG) reported capacity revenue — derivative revenue of $26M in Q1 2026.
How has NRG Energy's capacity revenue — derivative revenue changed year-over-year?
NRG Energy's capacity revenue — derivative revenue increased by 62.5% year-over-year, from $16M to $26M.
What is the long-term trend for NRG Energy's capacity revenue — derivative revenue?
Over 4 years (2021 to 2025), NRG Energy's capacity revenue — derivative revenue has grown at a -19.4% compound annual growth rate (CAGR), from $149M to $63M.
What does capacity revenue — derivative revenue mean?
This metric captures the gains or losses recognized from derivative financial instruments associated with the company's power generation capacity segment. These instruments are typically used to hedge against price volatility in energy markets or to speculate on future power price movements. It reflects the impact of financial risk management activities on the segment's overall financial performance.