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-66.2% | $228M-66.8% | $124M+37.8% | -$347M-177% | $705M+21.3% | |
| Texas Segment | $29M-91.4% | $106M-61.2% | $287M+127% | $382M-60.5% | $337M-3.4% | |
| Vivint Smart Home | $75M+38.9% | —— | $57M+54.1% | -$117M-750% | $54M+14.9% | |
| West/Other | $45M-31.8% | —— | —— | —— | $66M+161% | |
| Other income, net by Business | ||||||
| East Segment | $0-100% | $0— | $0+100% | $0— | $4M— | |
| Texas Segment | $0— | $0-100% | $0+100% | -$1M— | $0— | |
| Vivint Smart Home | -$3M+62.5% | -$14M-180% | $2M+133% | $0+100% | -$8M-300% | |
| West/Other | -$2M-200% | —— | —— | —— | $2M+33.3% | |
| Revenue from contracts with customers by Business | ||||||
| East Segment | $6.43B+40.5% | $3.92B+28.0% | $3.03B+16.5% | $2.74B+8.1% | $4.58B+30.2% | |
| Texas Segment | $2.4B-1.7% | $2.48B+5.3% | $3.38B+2.4% | $2.85B+3.0% | $2.44B+9.1% | |
| Vivint Smart Home | $578M+13.1% | —— | $532M+6.6% | $504M+7.9% | $511M+9.2% | |
| West/Other | $865M-19.2% | —— | —— | —— | $1.07B+12.1% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| East Segment | $238M-66.2% | $228M-66.8% | $124M+37.8% | -$347M-177% | $705M+21.3% | |
| Texas Segment | $29M-91.4% | $106M-61.2% | $287M+127% | $382M-60.5% | $337M-3.4% | |
| Vivint Smart Home | $75M+38.9% | —— | $57M+54.1% | -$117M-750% | $54M+14.9% | |
| West/Other | $45M-31.8% | —— | —— | —— | $66M+161% | |
| Total Assets by Business | ||||||
| East Segment | $24.56B+143% | $9.73B+21.5% | $8.97B— | $8.93B— | $10.11B— | |
| Texas Segment | $15.39B+105% | $9.29B+34.1% | $9.55B— | $8.65B— | $7.51B— | |
| Vivint Smart Home | $6.83B+5.0% | $6.75B-0.9% | $6.67B— | $6.73B— | $6.51B— | |
| West/Other | $2.87B— | $2.72B+31.4% | —— | —— | —— | |
| Operating Income (Loss) by Business | ||||||
| East Segment | $238M-66.0% | $228M-66.8% | $124M+36.3% | -$347M-177% | $701M+20.7% | |
| Texas Segment | $29M-91.4% | $106M-61.0% | $287M+127% | $383M-60.4% | $337M-3.4% | |
| Vivint Smart Home | $78M+25.8% | $52M+333% | $55M+27.9% | -$117M-550% | $62M+44.2% | |
| West/Other | $47M-26.6% | —— | —— | —— | $64M+212% | |
| Less: Revenues accounted for under topics other than ASC 606 and ASC 815 by Business | ||||||
| East Segment | $46M+24.3% | $0-100% | $1M-92.9% | $0-100% | $37M+270% | |
| Texas Segment | $0— | $0— | $0— | $0— | $0— | |
| Vivint Smart Home | $47M+80.8% | $120M+118% | $0— | $0— | $26M— | |
| West/Other | $2M0.0% | —— | —— | —— | $2M— | |
| Costs and Expenses by Business | ||||||
| East Segment | $6.19B+59.8% | $3.69B+55.1% | $2.91B+15.8% | $3.08B+48.0% | $3.88B+32.1% | |
| Texas Segment | $2.36B+12.7% | $2.35B+13.1% | $3.09B-29.0% | $2.46B+37.2% | $2.1B+11.6% | |
| Vivint Smart Home | $500M+11.4% | —— | $477M+4.6% | $621M+40.8% | $449M+5.6% | |
| West/Other | $817M-18.2% | —— | —— | —— | $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+58.7% | $3.65B+56.2% | $2.87B+16.2% | $3.05B+49.0% | $3.84B+32.6% | |
| Texas Segment | $2.26B+12.0% | $2.25B+13.0% | $3B-29.9% | $2.37B+37.9% | $2.02B+12.1% | |
| Vivint Smart Home | $300M+14.1% | $334M+3.1% | $270M+4.7% | $428M+67.8% | $263M+6.0% | |
| West/Other | $809M-18.3% | —— | —— | —— | $990M+3.7% | |
| D&A by Business | ||||||
| East Segment | $102M+176% | $38M-7.3% | $37M-5.1% | $36M-7.7% | $37M-5.1% | |
| Texas Segment | $108M+30.1% | $103M+24.1% | $95M+17.3% | $93M+20.8% | $83M+1.2% | |
| Vivint Smart Home | $200M+7.5% | $228M+3.2% | $207M+4.5% | $193M+3.8% | $186M+5.1% | |
| West/Other | $8M-11.1% | —— | —— | —— | $9M-63.6% | |
| Goodwill by Business | ||||||
| East Segment | $3B+316% | $721M0.0% | $721M0.0% | $721M0.0% | $721M— | |
| Texas Segment | $2.23B+247% | $643M0.0% | $643M0.0% | $643M0.0% | $643M— | |
| Vivint Smart Home | $3.52B+0.8% | $3.52B0.0% | $3.49B0.0% | $3.49B0.0% | $3.49B— | |
| West/Other | $128M— | $130M+4.8% | —— | —— | —— | |
| CapEx by Business | ||||||
| East Segment | $23M— | $8M+700% | $4M+100% | $5M— | $0— | |
| Texas Segment | $256M+34.7% | $246M+56.7% | $203M+133% | $337M+321% | $190M+322% | |
| Vivint Smart Home | $2M+100% | $10M-56.5% | $6M-25.0% | $7M+16.7% | $1M-75.0% | |
| West/Other | $3M0.0% | —— | —— | —— | $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% | $1.5M+160% | $1.5M+160% | $1.5M+160% | $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+409% | $85M+93.2% | $87M+85.1% | $61M+38.6% | $47M+11.9% | |
| Energy revenue | $475M+93.9% | $98M-10.9% | $148M+15.6% | $99M-10.0% | $245M+61.2% | |
| Other revenue | $78M-19.6% | $52M-36.6% | $83M-11.7% | $62M-26.2% | $97M+27.6% | |
| Retail revenue | $9.5B+15.6% | —— | $7.28B+4.7% | $6.52B+2.8% | $8.22B+13.7% | |
| Derivative revenue by Product | ||||||
| Capacity revenue | $26M+62.5% | $15M-16.7% | $16M-5.9% | $16M-15.8% | $16M-27.3% | |
| Energy revenue | $5M-72.2% | $18M-14.3% | $14M-22.2% | $4M-86.2% | $18M-71.0% | |
| Other revenue, derivative | -$5M-400% | $2M— | $24M+20.0% | $11M+57.1% | -$1M0.0% | |
| Retail revenue | $41M+273% | $10M-9.1% | $9M+50.0% | $7M-22.2% | $11M+10.0% |
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.
