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NRG Energy NRG Capacity revenue — Revenue from contracts with customers

Other product segments

Total operating revenue
$10.26B+19.5%
Retail revenue
$9.5B+15.6%
Energy revenue
$475M+93.9%
Other revenue
$78M-19.6%

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XYLCapital & Other — Revenue from contracts with customers
$286M+5.8%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — revenue from contracts with customers?
NRG Energy (NRG) reported capacity revenue — revenue from contracts with customers of $239M in Q1 2026.
How has NRG Energy's capacity revenue — revenue from contracts with customers changed year-over-year?
NRG Energy's capacity revenue — revenue from contracts with customers increased by 408.5% year-over-year, from $47M to $239M.
What is the long-term trend for NRG Energy's capacity revenue — revenue from contracts with customers?
Over 4 years (2021 to 2025), NRG Energy's capacity revenue — revenue from contracts with customers has grown at a -22.5% compound annual growth rate (CAGR), from $775M to $280M.
What does capacity revenue — revenue from contracts with customers mean?
This metric represents the revenue generated from the sale of power generation capacity through direct contractual agreements with customers. It reflects the core income derived from providing grid reliability and availability services to the market or specific counterparties. This revenue stream is fundamental to assessing the performance of the company's generation assets in meeting contractual obligations.