Total Operating Expenses
NRG Energy Total Operating Expenses increased by 33.5% to $9.93B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 33.4%, from $7.44B to $9.93B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 4.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
Detailed definition
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Peer comparison
Investors compare this to revenue to assess the 'operating leverage' of a business model.
total_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.69B | $4.29B | $7.76B | $5.47B | $6.56B | $8.38B | $9.17B | $9.47B | $5.82B | $7.39B | $7.35B | $6.55B | $5.25B | $8.24B | $5.86B | $7.44B | $6.74B | $7.22B | $7.44B | $9.93B |
| QoQ Change | — | +16.4% | +80.8% | -29.5% | +20.0% | +27.7% | +9.5% | +3.2% | -38.5% | +26.9% | -0.5% | -10.8% | -19.8% | +56.9% | -28.9% | +26.9% | -9.5% | +7.1% | +3.0% | +33.5% |
| YoY Change | — | — | — | — | +78.0% | +95.2% | +18.3% | +73.1% | -11.3% | -11.8% | -19.9% | -30.8% | -9.7% | +11.6% | -20.2% | +13.6% | +28.3% | -12.4% | +26.8% | +33.4% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| East Segment | $2.08B | $2.51B | $2.38B | $3.88B | $3.08B | $2.91B | $3.69B | $6.19B |
| Texas Segment | $1.80B | $4.36B | $2.08B | $2.10B | $2.46B | $3.09B | $2.35B | $2.36B |
| West/Other | $1.00B | $1.00B | $1.00B | — | — | — | — | $817.00M |
| Vivint Smart Home | $441.00M | $456.00M | $482.00M | — | — | — | $562.00M | — |
| West/Services/Other | $914.00M | $898.00M | — | $1.03B | $531.00M | $732.00M | — | — |
| Total | $5.25B | $8.24B | $5.86B | $7.44B | $6.74B | $7.22B | $7.44B | $9.93B |
West/Services/Other was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is NRG Energy's total operating expenses?
- NRG Energy (NRG) reported total operating expenses of $9.93B in Q1 2026.
- How has NRG Energy's total operating expenses changed year-over-year?
- NRG Energy's total operating expenses increased by 33.4% year-over-year, from $7.44B to $9.93B.
- What is the long-term trend for NRG Energy's total operating expenses?
- Over 4 years (2021 to 2025), NRG Energy's total operating expenses has grown at a 4.8% compound annual growth rate (CAGR), from $23.90B to $28.84B.
- What does total operating expenses mean?
- The total cost of running the day-to-day business, excluding the direct cost of making products.