NRG · 8-K · 20260804PR000018
Guidance / Outlook
NRG ENERGY, INC. · 2026-08-04 · Importance 60 · Surprise 24 · In source text
NRG reaffirmed 2026 Adjusted EBITDA guidance of $5.325 billion to $5.825 billion and Adjusted EPS guidance of $7.90 to $9.90. The guidance includes 11 months of ownership of the portfolio acquired from LS Power. NRG projects 2026 adjusted net income of $1.685 billion to $2.115 billion, after $67 million of cumulative dividends attributable to Series A Preferred Stock. Net income guidance excludes fair-value adjustments related to derivatives, which are assumed to be zero, while net interest expense is forecast at $1.195 billion.
Key facts
- Reaffirmed 2026 Adjusted Net Income guidance: $1,685 - $2,115 million source
- Reaffirmed 2026 Adjusted EBITDA guidance: $5,325 - $5,825 million source
- Reaffirmed 2026 FCFbG guidance: $2,800 - $3,300 million source
- 2026 Net Income guidance: $1,325 - $1,755 source
- 2026 Adjusted EBITDA guidance: $5,325 - $5,825 source
- Reaffirmed 2026 Adjusted EPS guidance: $7.90 - $9.90 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | committed | +63.3% | Reaffirmed 2026 Adjusted EBITDA guidance: $5,325 - $5,825 million |
| net_income | positive | committed | +21.6% | Reaffirmed 2026 Adjusted Net Income guidance: $1,685 - $2,115 million |
| net_income | positive | committed | +17.5% | 2026 Net Income guidance: $1,325 - $1,755 |
| cash | positive | committed | — | Reaffirmed 2026 FCFbG guidance: $2,800 - $3,300 million |
| net_income | positive | committed | — | Reaffirmed 2026 Adjusted EPS guidance: $7.90 - $9.90 |