NRG · 8-K · 20260804PR000018

Net Income and Profitability

NRG ENERGY, INC. · 2026-08-04 · Importance 62 · Surprise 46 · In source text

Second-quarter GAAP net income was $506 million, an improvement of $610 million from the $104 million loss in the prior-year quarter, while adjusted net income declined $24 million to $315 million. Adjusted EBITDA increased $308 million year over year to $1,217 million, but adjusted EPS decreased $0.24 to $1.49 because of higher interest expense, higher depreciation and amortization, and shares issued in the LS Power acquisition. Six-month adjusted EBITDA increased to $2,297 million from $2,035 million, while adjusted net income declined to $623 million from $870 million. The quarterly GAAP improvement reflected the acquired LS Power asset portfolio, higher realized East capacity prices, and favorable unrealized hedge gains, partly offset by mild weather and higher supply costs.

Key facts

• 2026 Adjusted Income before income taxes: $2,175 - $2,675 source
• 2026 Adjusted Net Income before Preferred Stock dividends: $1,752 - $2,182 source
• 2026 Adjusted Net Income: $1,685 - $2,115 source
• Weighted average number of common shares outstanding - basic: 214 source
• 2026 Adjusted EPS guidance: $7.90 - $9.90 source
• GAAP Net Income for the second quarter ended June 30, 2026: $506 million source
• Adjusted Net Income for the second quarter of 2026: $315 million source
• Gain on sale of assets in three months ended June 30, 2026: $37 million source

Impact estimates