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NRG Energy Q4 Earnings and Revenues Surpass Expectations
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Key Takeaways
NRG Energy Q4 EPS of $1.03 beat estimates by 2% but fell 32.2% year over year.
NRG posted $7.75B in Q4 revenues, up 13.7% and 45.9% above consensus.
NRG sees 2026 adjusted EPS of $7.90-$9.90 and EBITDA of $5.325-$5.825B.
NRG Energy, Inc. (NRG - Free Report) reported fourth-quarter 2025 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of $1.01 by 2%. However, the bottom line decreased 32.2% from the year-ago quarter.
Revenues of NRG Energy
Total revenues were $7.75 billion, which beat the Zacks Consensus Estimate of $5.32 billion by 45.9%. The top line also increased 13.7% from the prior-year quarter’s level of $6.82 billion.
Full-year 2025 revenues totaled $30.71 billion compared with $28.13 billion last year.
NRG Energy, Inc. Price, Consensus and EPS Surprise
The company recorded adjusted EBITDA of $847 million in the fourth quarter, down 6.1% from $902 billion registered a year ago.
Total operating costs and expenses in 2025 amounted to $28.84 billion, up 11.3% from $25.91 billion in the prior year.
Operating income for the year totaled $1.85 billion compared with $2.42 billion last year.
In 2025, the company returned $1.6 billion to shareholders through $1.3 billion in share repurchases and $344 million in common stock dividends.
NRG’s Financial Highlights
As of Dec. 31, 2025, NRG had cash and cash equivalents worth $4.71 billion compared with $0.97 billion as of Dec. 31, 2024.
As of Dec. 31, 2025, long-term debt and finance leases amounted to $16.41 billion compared with $9.81 billion as of Dec. 31, 2024.
Cash provided by operating activities in 2025 totaled $1.91 billion compared with $2.31 billion last year.
Capital expenditures summed at $1.15 billion in 2025 compared with $0.47 billion last year.
NRG’s Guidance
NRG Energy expects its 2026 adjusted net income to be in the range of $1.685-$2.115 billion.
The company expects its 2026 adjusted EPS to be in the range of $7.90-$9.90. The Zacks Consensus Estimate is pegged at $9.79, which is at the higher end of the company’s guided range.
Free Cash Flow before Growth for 2026 is anticipated to be in the range of $2.8-$3.3 billion.
NRG projects 2026 adjusted EBITDA in the band of $5.325-$5.825 billion.
Dominion Energy Inc. (D - Free Report) delivered fourth-quarter 2025 operating earnings of 68 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 6.3%. The bottom line increased 17.2% from the year-ago quarter's level.
Revenues of $4.09 billion topped the Zacks Consensus Estimate of $3.56 billion by 14.9%. The top line increased 20.4% from $3.4 billion in the year-ago quarter.
FirstEnergy Corp. (FE - Free Report) registered fourth-quarter 2025 operating earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 52 cents by 1.92%. In the year-ago quarter, the company reported earnings of 67 cents.
Operating revenues of $3.78 billion surpassed the Zacks Consensus Estimate of $3.25 billion by 16.9%. The top line increased 19.6% from $3.18 billion in the year-ago quarter.
IDACORP, Inc. (IDA - Free Report) reported fourth-quarter 2025 earnings of 78 cents per share, which topped the Zacks Consensus Estimate of 74 cents by 5.4%. The company’s earnings improved 11.4% from 70 cents in the year-ago quarter.
Total revenues in the fourth quarter of 2025 were $405.2 million, lagging the Zacks Consensus Estimate of $417 million by 2.9%. The metric climbed 1.8% from $398.1 million in the year-ago quarter.
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NRG Energy Q4 Earnings and Revenues Surpass Expectations
Key Takeaways
NRG Energy, Inc. (NRG - Free Report) reported fourth-quarter 2025 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of $1.01 by 2%. However, the bottom line decreased 32.2% from the year-ago quarter.
Revenues of NRG Energy
Total revenues were $7.75 billion, which beat the Zacks Consensus Estimate of $5.32 billion by 45.9%. The top line also increased 13.7% from the prior-year quarter’s level of $6.82 billion.
Full-year 2025 revenues totaled $30.71 billion compared with $28.13 billion last year.
NRG Energy, Inc. Price, Consensus and EPS Surprise
NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote
Highlights of NRG’s Q4 Earnings Release
The company recorded adjusted EBITDA of $847 million in the fourth quarter, down 6.1% from $902 billion registered a year ago.
Total operating costs and expenses in 2025 amounted to $28.84 billion, up 11.3% from $25.91 billion in the prior year.
Operating income for the year totaled $1.85 billion compared with $2.42 billion last year.
In 2025, the company returned $1.6 billion to shareholders through $1.3 billion in share repurchases and $344 million in common stock dividends.
NRG’s Financial Highlights
As of Dec. 31, 2025, NRG had cash and cash equivalents worth $4.71 billion compared with $0.97 billion as of Dec. 31, 2024.
As of Dec. 31, 2025, long-term debt and finance leases amounted to $16.41 billion compared with $9.81 billion as of Dec. 31, 2024.
Cash provided by operating activities in 2025 totaled $1.91 billion compared with $2.31 billion last year.
Capital expenditures summed at $1.15 billion in 2025 compared with $0.47 billion last year.
NRG’s Guidance
NRG Energy expects its 2026 adjusted net income to be in the range of $1.685-$2.115 billion.
The company expects its 2026 adjusted EPS to be in the range of $7.90-$9.90. The Zacks Consensus Estimate is pegged at $9.79, which is at the higher end of the company’s guided range.
Free Cash Flow before Growth for 2026 is anticipated to be in the range of $2.8-$3.3 billion.
NRG projects 2026 adjusted EBITDA in the band of $5.325-$5.825 billion.
NRG’s Zacks Rank
NRG Energy has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
Dominion Energy Inc. (D - Free Report) delivered fourth-quarter 2025 operating earnings of 68 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 6.3%. The bottom line increased 17.2% from the year-ago quarter's level.
Revenues of $4.09 billion topped the Zacks Consensus Estimate of $3.56 billion by 14.9%. The top line increased 20.4% from $3.4 billion in the year-ago quarter.
FirstEnergy Corp. (FE - Free Report) registered fourth-quarter 2025 operating earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 52 cents by 1.92%. In the year-ago quarter, the company reported earnings of 67 cents.
Operating revenues of $3.78 billion surpassed the Zacks Consensus Estimate of $3.25 billion by 16.9%. The top line increased 19.6% from $3.18 billion in the year-ago quarter.
IDACORP, Inc. (IDA - Free Report) reported fourth-quarter 2025 earnings of 78 cents per share, which topped the Zacks Consensus Estimate of 74 cents by 5.4%. The company’s earnings improved 11.4% from 70 cents in the year-ago quarter.
Total revenues in the fourth quarter of 2025 were $405.2 million, lagging the Zacks Consensus Estimate of $417 million by 2.9%. The metric climbed 1.8% from $398.1 million in the year-ago quarter.