The earnings call was generally positive, with record-breaking financial performance, a significant acquisition to enhance future growth potential, and substantial shareholder returns. However, the increase in debt and focus on deleveraging indicate some financial challenges ahead.

Company Guidance -

Q3 2025

In the first quarter of 2025, NRG Energy delivered record-breaking financial results, achieving a 30% increase in adjusted EBITDA compared to the previous year. The company's adjusted EPS for the quarter was $2.68, marking an 84% improvement from the first quarter of 2024. These exceptional results were supported by strong asset performance, expanded consumer margins, favorable weather, and natural gas optimization. NRG reaffirmed its 2025 financial guidance, highlighting that it is already tracking at the upper end of its full-year guidance ranges. The company also announced the acquisition of a significant portfolio from LS Power, comprising 13 gigawatts of natural gas generation and a 6 gigawatt C&I Virtual Power Plant platform, which is expected to enhance NRG's generation base and earnings potential. This acquisition is projected to increase NRG's five-year adjusted EPS CAGR to 14%, representing a 40% increase over their previous base plan and does not factor in potential upsides such as rising power prices or large load contracts.

Record-Breaking Adjusted EBITDA

NRG Energy delivered the strongest first quarter adjusted EBITDA in company history, surpassing last year's record by 30%.

Significant Acquisition Announcement

NRG announced the acquisition of a portfolio of assets from LS Power, including 13 gigawatts of natural gas generation and a 6 gigawatt commercial and industrial Virtual Power Plant platform.

Increased Financial Growth Outlook

NRG raised its five-year adjusted EPS compound annual growth rate to 14%, a 40% increase to the base plan.

Strong First Quarter Financial Performance

Adjusted EPS for the first quarter was $2.68, an 84% increase compared to the first quarter of last year.

Capital Return to Shareholders

NRG completed $445 million in share repurchases through April, with $855 million remaining to be completed through the end of 2025.

Expansion of Generation Capacity

The acquisition more than doubles the size of NRG's generation fleet, creating a pro forma portfolio of 25 gigawatts of owned capacity.

NRG Energy (NRG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NRG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.88 / -	-3.79	―	―	―
Aug 06, 2025	2025 (Q2)	1.74 / 1.68	3.47	-51.59% (-1.79)
May 12, 2025	2025 (Q1)	1.75 / 2.68	2.31	16.02% (+0.37)
Feb 26, 2025	2024 (Q4)	2.00 / 1.52	2.239	-32.11% (-0.72)
Nov 08, 2024	2024 (Q3)	1.95 / -3.79	1.203	-415.05% (-4.99)
Aug 08, 2024	2024 (Q2)	1.55 / 3.47	1.056	228.60% (+2.41)
May 07, 2024	2024 (Q1)	0.66 / 2.31	-6.672	134.62% (+8.98)
Feb 28, 2024	2023 (Q4)	4.97 / 2.24	0.91	146.04% (+1.33)
Nov 02, 2023	2023 (Q3)	2.55 / 1.20	0.46	161.52% (+0.74)
Aug 08, 2023	2023 (Q2)	2.47 / 1.06	2.742	-61.49% (-1.69)

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 12, 2025	$119.02	$150.21	+26.21%
Feb 26, 2025	$101.76	$112.58	+10.63%
Nov 08, 2024	$95.35	$95.09	-0.27%
Aug 08, 2024	$70.96	$76.77	+8.19%

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 Inc (NRG) report earnings?

NRG Energy Inc (NRG) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is NRG Energy Inc (NRG) earnings time?

NRG Energy Inc (NRG) earnings time is at Nov 06, 2025, 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 2025 (Q3) is 0.88.

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