NYSE$NRG
NRG Energy Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
NRG Energy reported Q1 2026 revenue of $10.26B with net income of $125M and diluted EPS of $0.52.
Revenue rose to $10.26 billion from $8.59 billion on higher retail and capacity revenues, including contributions from the LSP portfolio acquired in late January 2026. Operating income was $328 million versus $1.13 billion a year ago when results benefited from unusually favorable market conditions. Net income was $125 million, or $0.52 per diluted share, compared with $750 million and $3.61 per share in Q1 2025.
- Revenue $10.26B (+19% YoY); Texas and East retail drove growth.
- Operating income $328M vs $1.13B prior year on normalized power margins.
- Net income $125M; diluted EPS $0.52 vs $3.61.
- Vivint Smart Home and acquisition integration costs elevated opex.
Headline financials
Revenue & EPS history
NRG Energy · Revenue · Quarterly
$10.3B
Revenue by segment
NRG Energy · $6.56B total across 2 segments · Q3 2023
- Texas$3.69B+17.2%56.2%
- East$2.88B—43.8%
Forward guidance
Management discusses retail customer growth, supply strategy, and commodity sensitivity; full-year outlook is updated on earnings calls rather than in the 10-Q.
Tailwinds
- Higher revenue base from retail expansion and acquisitions.
- Strong cash from operations supports capital returns.
Headwinds
- Earnings down sharply from prior-year exceptional power margins.
- Interest expense rose with higher debt balances.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+0.6%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+2.3%
Avg return
30 days after
44%
32 / 72 earnings
Positive
+26.3%
Q1 2025
Best reaction
-10.1%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.3% | -13.0% | -17.9% | |
| Q4 2025 | -1.6% | +1.4% | -17.2% | |
| Q3 2025 | -2.3% | -6.0% | -5.9% | |
| Q1 2025 | +26.3% | +33.4% | +24.9% | |
| Q4 2024 | +10.6% | -2.1% | -7.1% | |
| Q3 2024 | -2.2% | -4.1% | +3.0% | |
| Q2 2024 | +11.4% | +13.6% | +6.2% | |
| Q1 2024 | -2.7% | +7.4% | -0.1% | |
| Q4 2023 | +2.4% | +6.8% | +25.3% | |
| Q3 2023 | +2.6% | +3.6% | +10.3% | |
| Q2 2023 | -0.8% | -2.3% | +2.2% | |
| Q1 2023 | -6.5% | -6.4% | -0.4% | |
| Q4 2022 | -4.5% | -4.9% | -12.1% | |
| Q3 2022 | -0.2% | +2.4% | -25.3% | |
| Q2 2022 | +2.9% | +2.6% | +11.0% | |
| Q1 2022 | +9.9% | +10.8% | +20.6% | |
| Q4 2021 | +3.1% | -0.8% | +0.5% | |
| Q3 2021 | -9.3% | -12.8% | -8.6% | |
| Q2 2021 | +5.2% | +3.4% | +8.8% | |
| Q1 2021 | -0.5% | -0.7% | -3.0% | |
| Q4 2020 | +7.6% | +9.1% | +3.3% | |
| Q3 2020 | -4.5% | -0.3% | +5.5% | |
| Q2 2020 | +2.1% | +4.0% | -0.5% | |
| Q1 2020 | -0.0% | -2.2% | +12.0% | |
| Q4 2019 | -5.2% | -5.0% | -15.7% | |
| Q3 2019 | -2.9% | -2.1% | -2.8% | |
| Q2 2019 | +3.5% | +0.0% | +11.2% | |
| Q1 2019 | -2.7% | -4.7% | -16.1% | |
| Q4 2018 | +2.9% | +1.8% | +3.6% | |
| Q3 2018 | -0.3% | +2.6% | +5.5% | |
| Q2 2018 | +2.2% | +7.2% | +10.9% | |
| Q1 2018 | +9.3% | +11.2% | +11.3% | |
| Q4 2017 | +7.8% | +13.0% | +18.1% | |
| Q3 2017 | +11.2% | +14.4% | +12.5% | |
| Q2 2017 | -0.1% | -0.9% | +1.4% | |
| Q1 2017 | -10.1% | -9.8% | +0.5% | |
| Q4 2016 | +0.5% | +3.2% | +9.5% | |
| Q3 2016 | +12.3% | +18.8% | +11.0% | |
| Q2 2016 | -5.7% | -5.9% | -8.1% | |
| Q1 2016 | +6.2% | — | — | |
| Q4 2015 | +1.6% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -10.1% | — | — | |
| Q1 2015 | +4.1% | — | — | |
| Q4 2014 | -5.6% | — | — | |
| Q3 2014 | +9.0% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | +3.9% | — | — | |
| Q4 2013 | -0.2% | — | — | |
| Q3 2013 | -2.8% | — | — | |
| Q2 2013 | -3.5% | — | — | |
| Q1 2013 | -1.5% | — | — | |
| Q4 2012 | +0.7% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q2 2012 | +6.9% | — | — | |
| Q1 2012 | -6.9% | — | — | |
| Q4 2010 | -2.8% | — | — | |
| Q4 2011 | -2.8% | — | — | |
| Q3 2011 | +2.5% | — | — | |
| Q2 2011 | -6.3% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2007 | -5.2% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2010 | -2.2% | — | — | |
| Q1 2009 | -3.0% | — | — | |
| Q1 2010 | +1.8% | — | — | |
| Q4 2009 | -5.2% | — | — | |
| Q3 2008 | +1.3% | — | — | |
| Q3 2009 | +1.3% | — | — | |
| Q2 2008 | -1.2% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q2 2009 | -1.2% | — | — |
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