NRG Energy, Inc. (NRG)

NRG Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	14,669	13,441	14,206	15,310	13,431
Revenue Growth (YoY)	9.14%	-5.38%	-7.21%	13.99%	16.53%
Fuel and Purchased Power Expense	5,013	4,753	5,783	6,959	5,852
Operations and Maintenance Expenses	406	394	286	331	304
Gross Profit	9,250	8,294	8,137	8,020	7,275
Depreciation & Amortization Expenses	2,953	2,744	2,448	2,413	2,121
Taxes Other than Income Tax	686	624	657	688	630
Other Operating Expenses	296	-	107	-	-
Operating Income	2,583	2,386	2,481	2,428	2,203
Interest Income	298	187	126	111	135
Interest Expense	-1,343	-1,182	-1,004	-925	-816
Other Non-Operating Income (Expense)	235	143	22	-13	5
Total Non-Operating Income (Expense)	-810	-852	-856	-827	-676
Pretax Income	1,773	1,534	1,625	1,601	1,527
Provision for Income Taxes	-245	-402	-146	-135	-70
Net Income	2,018	1,936	1,771	1,736	1,597
Net Income to Common	2,018	1,936	1,771	1,736	1,597
Net Income Growth	4.24%	9.32%	2.02%	8.70%	8.42%
Shares Outstanding (Basic)	587	563	552	547	539
Shares Outstanding (Diluted)	589	563	552	547	540
Shares Change (YoY)	4.62%	1.99%	0.91%	1.30%	2.27%
EPS (Basic)	3.44	3.44	3.21	3.18	2.96
EPS (Diluted)	3.42	3.44	3.21	3.17	2.96
EPS Growth	-0.58%	7.17%	1.26%	7.09%	6.09%
Free Cash Flow	-6,825	-2,723	-527	-706	-2,055
Free Cash Flow Per Share	-11.59	-4.84	-0.95	-1.29	-3.81
Dividends Per Share	1.795	1.663	1.540	1.427	1.325
Dividend Growth	7.97%	7.95%	7.88%	7.74%	8.16%
Gross Margin	63.06%	61.71%	57.28%	52.38%	54.17%
Operating Margin	17.61%	17.75%	17.46%	15.86%	16.40%
Profit Margin	13.76%	14.40%	12.47%	11.34%	11.89%
FCF Margin	-46.53%	-20.26%	-3.71%	-4.61%	-15.30%
EBITDA	5,665	5,261	5,048	4,982	4,460
EBITDA Margin	38.62%	39.14%	35.53%	32.54%	33.21%
EBIT	2,583	2,386	2,481	2,428	2,203
EBIT Margin	17.61%	17.75%	17.46%	15.86%	16.40%
Effective Tax Rate	-13.82%	-26.21%	-8.98%	-8.43%	-4.58%

Updated Feb 24, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q