NRG · 8-K · 20261109PR000022
Guidance / Outlook
NRG ENERGY, INC. · 2026-11-09 · Importance 75 · Surprise 60 · In source text
NRG reaffirmed its 2026 guidance, including Adjusted EBITDA of $5.325–$5.825 billion and FCFbG of $2.8–$3.3 billion. It initiated 2027 guidance of $5.5–$6.0 billion in Adjusted EBITDA and $2.9–$3.4 billion in FCFbG; those ranges exclude the expected impact of the announced 4.9 GW asset sale. The 2027 base capital plan includes $1 billion of debt reduction, $1 billion of share repurchases, and an 8% annual dividend increase to $2.05 per share; after the asset sale closes, the company plans $3 billion of total debt reduction and $3 billion of share repurchases across 2026 and 2027, and expects to update guidance and the capital plan.
Key facts
- NRG initiated 2027 Adjusted Net Income guidance of $1,665 million to $2,075 million, with a midpoint of $1,870 million. source
- NRG initiated 2027 Adjusted EBITDA guidance of $5,500 million to $6,000 million, with a midpoint of $5,750 million. source
- NRG initiated 2027 FCFbG guidance of $2,900 million to $3,400 million, with a midpoint of $3,150 million. source
- NRG reaffirmed 2026 Adjusted Net Income guidance of $1,685 million to $2,115 million. source
- NRG reaffirmed 2026 Adjusted EBITDA guidance of $5,325 million to $5,825 million. source
- NRG reaffirmed 2026 FCFbG guidance of $2,800 million to $3,300 million. source
- NRG's 2026 guidance is Adjusted EBITDA of $5,325 million to $5,825 million. source
- NRG's 2026 guidance is Adjusted Net Income of $1,685 million to $2,115 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | unclear | committed | — | NRG initiated 2027 Adjusted Net Income guidance of $1,665 million to $2,075 million, with a midpoint of $1,870 million. |
| operating_income | unclear | committed | — | NRG initiated 2027 Adjusted EBITDA guidance of $5,500 million to $6,000 million, with a midpoint of $5,750 million. |
| cash | unclear | committed | — | NRG initiated 2027 FCFbG guidance of $2,900 million to $3,400 million, with a midpoint of $3,150 million. |
| net_income | unclear | committed | — | NRG reaffirmed 2026 Adjusted Net Income guidance of $1,685 million to $2,115 million. |
| operating_income | unclear | committed | — | NRG reaffirmed 2026 Adjusted EBITDA guidance of $5,325 million to $5,825 million. |
| cash | unclear | committed | — | NRG reaffirmed 2026 FCFbG guidance of $2,800 million to $3,300 million. |
| cash | unclear | committed | — | NRG's 2026 guidance is cash provided by operating activities of $3,000 million to $3,480 million. |
| cash | unclear | committed | — | NRG's 2027 guidance is cash provided by operating activities of $3,270 million to $3,750 million. |
| net_income | positive | committed | — | NRG initiated 2027 Adjusted EPS guidance of $8.05 to $10.05, with a midpoint of $9.05. |
| net_income | positive | committed | — | NRG reaffirmed 2026 Adjusted EPS guidance of $7.90 to $9.90. |
| net_income | positive | committed | — | NRG's 2026 guidance is Adjusted EPS of $7.90 to $9.90. |
| net_income | positive | committed | — | NRG's 2027 guidance is Adjusted EPS of $8.05 to $10.05. |