NRG · 8-K · 20260804PR000018

Operating Expense Trends

NRG ENERGY, INC. · 2026-08-04 · Importance 34 · Surprise 30 · No source text

Second-quarter selling, general and administrative costs declined 22.4% year over year to $562 million from $724 million, while six-month SG&A decreased 9.3% to $1,155 million from $1,273 million. Segment selling, marketing, and general administrative costs declined in Texas to $187 million from $204 million but increased in East to $152 million from $149 million and in Vivint Smart Home to $151 million from $147 million. Depreciation and amortization increased 43.6% in the quarter to $494 million and 38.2% for the first six months to $926 million, primarily reflecting assets acquired from LS Power. Acquisition-related transaction and integration costs were $16 million in the quarter and $61 million year to date.

Key facts

• 2026 Interest expense, net: 1,195 source
• 2026 Depreciation and amortization: 1,955 source
• 2026 Adjusted interest expense, net: (1,195) source
• 2026 Stock-based compensation: 120 source
• 2026 Other (adjustments) guidance: 100 source
• 2026 ARO expense: 30 source
• Cost of operations (excluding depreciation and amortization) for the three months ended June 30, 2026: $5,470 million (versus $5,629 million prior year quarter) source
• Depreciation and amortization for the three months ended June 30, 2026: $494 million (versus $344 million prior year quarter) source

Impact estimates