NRG · 8-K · 20260804PR000018

Segment Profitability

NRG ENERGY, INC. · 2026-08-04 · Importance 40 · Surprise 30 · No source text

Second-quarter Texas adjusted EBITDA fell $131 million year over year to $381 million because of higher supply costs, a roughly 30% decrease in heating degree days, lower retail load, and operating expenses for new generation assets. East adjusted EBITDA increased $370 million to $469 million, driven by new generation assets, CPower, and higher capacity prices, partly offset by Winter Storm Fern supply costs and lower natural gas margins. Vivint Smart Home adjusted EBITDA increased $42 million to $301 million as new customer additions and monthly recurring service margin per customer improved. West/Other adjusted EBITDA rose $27 million to $66 million primarily because of lower operating expenses after a lease expired in May 2025.

Key facts

• Second quarter 2026 Adjusted EBITDA by segment: Texas $381 million; East $469 million; West/Other $66 million; Vivint Smart Home $301 million; Consolidated $1,217 million source
• For the three months ended June 30, 2026, East Adjusted EBITDA was $469 million, $370 million higher than prior year source
• For the three months ended June 30, 2026, Texas Adjusted EBITDA was $381 million, $131 million lower than prior year source
• For the three months ended June 30, 2026, West/Other Adjusted EBITDA was $66 million, $27 million higher than prior year source
• For the three months ended June 30, 2026, Vivint Smart Home Adjusted EBITDA was $301 million, $42 million higher than prior year source

Impact estimates