Nrg Energy (NRG)
NYSE:NRG
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.83Last Year’s EPS
1.68Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive strategic and operational outlook: management reaffirmed 2026 guidance, highlighted successful integration and financing steps, strong Smart Home growth, and on-time TEF execution, while acknowledging a weather-driven soft quarter, acquisition-related cost pressures, and infrastructure/regulatory risks for large-load and new-build projects. Overall, the company portrayed confidence in its platform and capital allocation discipline to capture long-term upside.Company Guidance
Reaffirmed 2026 Guidance and Confident Outlook
Management reaffirmed full-year 2026 guidance and emphasized the business is tracking to plan; company targets at least 14% adjusted EPS and free cash flow per share growth over the next 5 years (before large-load contributions).
Solid First Quarter Financials
Adjusted EBITDA of $1.08 billion, adjusted net income of $308 million and adjusted EPS of $1.49 for Q1 2026, with management noting confidence in hitting full-year targets despite a soft quarter.
LS Power Acquisition and Integration Progress
Closed LS Power portfolio on Jan 30; assets contributed ~2 months of earnings in the quarter, are performing as expected, and integration is 'well underway' and tracking ahead of plan.
Balance Sheet and Financing Actions
Closed $3.5 billion financing on April 28, retired $1.5 billion Lightning senior secured notes, reduced revolver borrowings, advancing deleveraging toward a ~3x net leverage target and expected to generate >$10 million of annual net interest savings.
Share Repurchases and Return of Capital Progress
Committed to returning at least $1.4 billion to shareholders; completed $817 million in share repurchases through April 30, 2026 (including 1.83 million shares repurchased from LS Power) and remains opportunistic on buybacks.
Smart Home Growth and Customer Metrics
Smart Home business reached ~2.37 million customers, up ~9% year-over-year (above the company's 5%-6% long-term growth target), with expanded net service margins and record retention.
TEF Development Execution
Texas Energy Fund projects progressing on schedule: TH Wharton expected online in May '26 (on time, on cost, qualifying for completion bonus); the three TEF projects total ~1.5 GW and will serve roughly 300,000 Texas homes at peak.
Platform Positioned for Large Load Growth
Management highlighted scale advantages across retail, flexible demand (including virtual power plant target of 1 GW in Texas), dispatchable gas generation and development capability to capture long-duration contracted opportunities; noted a pipeline of large load requests in Texas exceeding ~36 GW by 2033 (greater than 4x today's record peak).
NRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $157.43 | $150.64 | -4.31% |
Feb 24, 2026 | $175.98 | $183.47 | +4.25% |
Nov 06, 2025 | $172.12 | $169.05 | -1.78% |
Aug 06, 2025 | $170.46 | $147.27 | -13.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nrg Energy (NRG) report earnings?
Nrg Energy (NRG) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Nrg Energy (NRG) earnings time?
Nrg Energy (NRG) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NRG EPS forecast?
NRG EPS forecast for the fiscal quarter 2026 (Q2) is 1.83.