NRG · 8-K · 20261109PR124147

Guidance / Outlook

NRG ENERGY, INC. · 2026-11-09 · Importance 64 · Surprise 42

NRG plans to use transaction proceeds to support a 2027 pro forma capital allocation plan that includes $3 billion of share repurchases across 2026 and 2027, with an incremental $1 billion expected to begin before the end of the fourth quarter of 2026. Upon closing, NRG plans an additional $2 billion of debt reduction, bringing total planned 2027 debt reduction to $3 billion while maintaining its current leverage profile. Remaining proceeds are reserved for contracted growth investments or further debt reduction.

Key facts

• NRG plans to reserve the remaining transaction proceeds to fund either contracted growth investments or additional debt reduction. source