NRG · 8-K · 20260804PR000018
Liquidity and Cash Position
NRG ENERGY, INC. · 2026-08-04 · Importance 84 · Surprise 74 · Contradicted
As of June 30, 2026, NRG had $162 million of cash and cash equivalents, $50 million of restricted cash, and $5.1 billion available under revolving and collective collateral facilities. Total liquidity was $5.3 billion, down $4.3 billion from December 31, 2025, primarily because of funding the LS Power acquisition. Long-term debt and finance leases increased to $21,744 million from $16,412 million, while current debt and finance leases increased to $1,512 million from $31 million. During the first six months, NRG issued $3,652 million of long-term debt, received $8,675 million from credit facilities, repaid $7,226 million of credit facilities, and made $1,619 million of long-term debt and finance-lease repayments.
Key facts
- Proceeds from issuance of long-term debt in six months ended June 30, 2026: $3,652 million source
- 2026 Interest payments, net (for FCFbG): (1,100) source
- 2026 Gross capitalized contract costs: (1,020) source
- 2026 Cash provided by operating activities guidance: $3,000 - $3,480 source
- 2026 Adjusted cash provided by operating activities: $3,110 - $3,590 source
- As of June 30, 2026, unrestricted cash was approximately $0.2 billion and $5.1 billion was available under the Company’s credit facilities; total liquidity was $5.3 billion, $4.3 billion lower than December 31, 2025 source
- 2026 Working capital/other assets and liabilities: (135) source
- Repayments of long-term debt and finance leases in six months ended June 30, 2026: $(1,619) million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +27.1% | Total assets as of June 30, 2026: $39,940 million (up from $29,140 million at December 31, 2025) |
| liability | negative | realized | -19.1% | Total liabilities as of June 30, 2026: $35,085 million (up from $27,459 million at December 31, 2025) |
| net_income | negative | realized | -16.0% | Interest payments, net represents Interest expense, net of $(1,195) million on Appendix table A-8 plus $95 million accrued interest… |
| cash | positive | realized | +13.2% | Total liquidity as of June 30, 2026: $5,280 million (Cash and Restricted Cash total $212 million and total availability under revolving… |
| cash | positive | realized | +2.8% | GAAP Cash Provided by Operating Activities for the second quarter ended June 30, 2026: $1,117 million |
| cash | positive | realized | — | Proceeds from issuance of long-term debt in six months ended June 30, 2026: $3,652 million |
| liability | negative | realized | — | Proceeds from issuance of long-term debt in six months ended June 30, 2026: $3,652 million |
| cash | negative | committed | — | 2026 Interest payments, net (for FCFbG): (1,100) |
| cash | negative | committed | — | 2026 Gross capitalized contract costs: (1,020) |
| cash | positive | committed | — | 2026 Adjusted cash provided by operating activities: $3,110 - $3,590 |
| cash | negative | realized | — | As of June 30, 2026, unrestricted cash was approximately $0.2 billion and $5.1 billion was available under the Company’s credit… |
| cash | negative | committed | — | 2026 Working capital/other assets and liabilities: (135) |