NRG Energy NRG Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent by Business | ||||||
| East Segment | $238M+4.4% | $228M+83.9% | $124M+136% | -$347M-149% | $705M+2.8% | |
| Texas Segment | $29M-72.6% | $106M-63.1% | $287M-24.9% | $382M+13.4% | $337M+23.4% | |
| Vivint Smart Home | $75M— | —— | $57M+149% | -$117M-317% | $54M— | |
| West/Other | $45M— | —— | —— | —— | $66M+161% | |
| Other income, net by Business | ||||||
| East Segment | $0— | $0— | $0— | $0-100% | $4M— | |
| Texas Segment | $0— | $0— | $0+100% | -$1M— | $0-100% | |
| Vivint Smart Home | -$3M+78.6% | -$14M-800% | $2M— | $0+100% | -$8M-60.0% | |
| West/Other | -$2M— | —— | —— | —— | $2M+33.3% | |
| Revenue from contracts with customers by Business | ||||||
| East Segment | $6.43B+64.1% | $3.92B+29.3% | $3.03B+10.7% | $2.74B-40.2% | $4.58B+49.5% | |
| Texas Segment | $2.4B-3.3% | $2.48B-26.7% | $3.38B+18.7% | $2.85B+16.8% | $2.44B+3.5% | |
| Vivint Smart Home | $578M— | —— | $532M+5.6% | $504M-1.4% | $511M— | |
| West/Other | $865M— | —— | —— | —— | $1.07B+12.1% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| East Segment | $238M+4.4% | $228M+83.9% | $124M+136% | -$347M-149% | $705M+2.8% | |
| Texas Segment | $29M-72.6% | $106M-63.1% | $287M-24.9% | $382M+13.4% | $337M+23.4% | |
| Vivint Smart Home | $75M— | —— | $57M+149% | -$117M-317% | $54M— | |
| West/Other | $45M— | —— | —— | —— | $66M+161% | |
| Total Assets by Business | ||||||
| East Segment | $24.56B+152% | $9.73B+8.5% | $8.97B+0.4% | $8.93B-11.7% | $10.11B+26.3% | |
| Texas Segment | $15.39B+65.8% | $9.29B-2.7% | $9.55B+10.4% | $8.65B+15.1% | $7.51B+8.4% | |
| Vivint Smart Home | $6.83B+1.2% | $6.75B+1.3% | $6.67B-1.0% | $6.73B+3.4% | $6.51B-4.5% | |
| West/Other | $2.87B+5.4% | $2.72B— | —— | —— | —— | |
| Operating Income (Loss) by Business | ||||||
| East Segment | $238M+4.4% | $228M+83.9% | $124M+136% | -$347M-150% | $701M+2.2% | |
| Texas Segment | $29M-72.6% | $106M-63.1% | $287M-25.1% | $383M+13.6% | $337M+23.9% | |
| Vivint Smart Home | $78M+50.0% | $52M-5.5% | $55M+147% | -$117M-289% | $62M+417% | |
| West/Other | $47M— | —— | —— | —— | $64M+212% | |
| Less: Revenues accounted for under topics other than ASC 606 and ASC 815 by Business | ||||||
| East Segment | $46M— | $0-100% | $1M— | $0-100% | $37M+76.2% | |
| Texas Segment | $0— | $0— | $0— | $0— | $0— | |
| Vivint Smart Home | $47M-60.8% | $120M— | $0— | $0-100% | $26M-52.7% | |
| West/Other | $2M— | —— | —— | —— | $2M— | |
| Costs and Expenses by Business | ||||||
| East Segment | $6.19B+67.8% | $3.69B+27.0% | $2.91B-5.8% | $3.08B-20.4% | $3.88B+62.9% | |
| Texas Segment | $2.36B+0.4% | $2.35B-23.9% | $3.09B+25.5% | $2.46B+17.4% | $2.1B+0.8% | |
| Vivint Smart Home | $500M— | —— | $477M-23.2% | $621M+38.3% | $449M— | |
| West/Other | $817M— | —— | —— | —— | $999M+1.3% | |
| Income tax (benefit)/expense by Business | ||||||
| East Segment | $0— | $0— | $0— | $0— | $0— | |
| Texas Segment | $0— | $0— | $0— | $0— | $0— | |
| Vivint Smart Home | $0— | —— | $0— | $0— | $0— | |
| West/Other | $0— | —— | —— | —— | $0— | |
| Interest Expense, Nonoperating by Business | ||||||
| East Segment | $0— | $0— | $0— | $0— | $0— | |
| Texas Segment | $0— | $0— | $0— | $0— | $0— | |
| Vivint Smart Home | $0— | $0— | $0— | $0— | $0— | |
| West/Other | $0— | $0— | $0— | $0— | $0— | |
| Operating expenses by Business | ||||||
| East Segment | $6.09B+66.8% | $3.65B+27.3% | $2.87B-5.9% | $3.05B-20.6% | $3.84B+64.2% | |
| Texas Segment | $2.26B+0.2% | $2.25B-24.9% | $3B+26.4% | $2.37B+17.7% | $2.02B+1.2% | |
| Vivint Smart Home | $300M-10.2% | $334M+23.7% | $270M-36.9% | $428M+62.7% | $263M-18.8% | |
| West/Other | $809M— | —— | —— | —— | $990M+3.7% | |
| D&A by Business | ||||||
| East Segment | $102M+168% | $38M+2.7% | $37M+2.8% | $36M-2.7% | $37M-9.8% | |
| Texas Segment | $108M+4.9% | $103M+8.4% | $95M+2.2% | $93M+12.0% | $83M0.0% | |
| Vivint Smart Home | $200M-12.3% | $228M+10.1% | $207M+7.3% | $193M+3.8% | $186M-15.8% | |
| West/Other | $8M— | —— | —— | —— | $9M-63.6% | |
| Goodwill by Business | ||||||
| East Segment | $3B+316% | $721M0.0% | $721M0.0% | $721M0.0% | $721M0.0% | |
| Texas Segment | $2.23B+247% | $643M0.0% | $643M0.0% | $643M0.0% | $643M0.0% | |
| Vivint Smart Home | $3.52B0.0% | $3.52B+0.8% | $3.49B0.0% | $3.49B0.0% | $3.49B-0.8% | |
| West/Other | $128M-1.5% | $130M— | —— | —— | —— | |
| CapEx by Business | ||||||
| East Segment | $23M+188% | $8M+100% | $4M-20.0% | $5M— | $0-100% | |
| Texas Segment | $256M+4.1% | $246M+21.2% | $203M-39.8% | $337M+77.4% | $190M+21.0% | |
| Vivint Smart Home | $2M-80.0% | $10M+66.7% | $6M-14.3% | $7M+600% | $1M-95.7% | |
| West/Other | $3M— | —— | —— | —— | $3M-25.0% | |
| Foreign currency translation adjustments by Business | ||||||
| East Segment | $0— | $0— | $0— | $0— | $0— | |
| Texas Segment | $0— | $0— | $0— | $0— | $0— | |
| Vivint Smart Home | $0— | $0— | $0— | $0— | $0— | |
| West/Other | -$2M-233% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M+160% | |
| Goodwill resulting from the acquisition of LSP Portfolio by Business | ||||||
| East Segment | $2.28B— | —— | —— | —— | —— | |
| Texas Segment | $1.59B— | —— | —— | —— | —— | |
| Vivint Smart Home | $0— | —— | —— | —— | —— | |
| West/Other | $0— | —— | —— | —— | —— | |
| Revenue from contracts with customers by Product | ||||||
| Capacity revenue | $239M+181% | $85M-2.3% | $87M+42.6% | $61M+29.8% | $47M+6.8% | |
| Energy revenue | $475M+385% | $98M-33.8% | $148M+49.5% | $99M-59.6% | $245M+123% | |
| Other revenue | $78M+50.0% | $52M-37.3% | $83M+33.9% | $62M-36.1% | $97M+18.3% | |
| Retail revenue | $9.5B— | —— | $7.28B+11.7% | $6.52B-20.7% | $8.22B— | |
| Derivative revenue by Product | ||||||
| Capacity revenue | $26M+73.3% | $15M-6.3% | $16M0.0% | $16M0.0% | $16M-11.1% | |
| Energy revenue | $5M-72.2% | $18M+28.6% | $14M+250% | $4M-77.8% | $18M-14.3% | |
| Other revenue, derivative | -$5M-350% | $2M-91.7% | $24M+118% | $11M+1,200% | -$1M— | |
| Retail revenue | $41M+310% | $10M+11.1% | $9M+28.6% | $7M-36.4% | $11M0.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does NRG Energy break its business down?
- NRG Energy (NRG) reports net income (loss) attributable to parent by business across 4 parts — East Segment, Texas Segment, Vivint Smart Home and West/Other. Each is extracted from the segment footnotes and tracked over time.
- Where does NRG Energy's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in NRG Energy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
