NRG · 10-Q · 2026Q2 · Full report
Liquidity and Cash Position
NRG ENERGY, INC. · 2026-08-04 · Importance 84 · Surprise 74 · Contradicted
At June 30, 2026, NRG reported $4.708 billion of cash and cash equivalents and $39.940 billion of total assets, compared with $29.140 billion of total assets at December 31, 2025. Long-term debt and finance leases increased to $21.744 billion from $16.412 billion, while current debt and finance leases were $1.512 billion. NRG’s disclosed debt included $12.0 billion of Unsecured Senior Notes and $3.9 billion of Senior Secured First Lien Notes at June 30, 2026. Financing activities generated $2.140 billion of net cash in the first six months, including $3.652 billion of long-term debt issuance and $8.675 billion of credit-facility proceeds, partly offset by $7.226 billion of credit-facility repayments and $1.619 billion of long-term debt and finance-lease repayments.
Key facts
- Cash used in investing activities increased by $7,709 million for six months ended June 30, 2026 resulting in net change $(6,627) million (table shows Cash used in investing activities (7,709) (1,082) (6,627)) source
- On June 18, 2026, NRG Receivables amended its Receivables Facility to extend the scheduled termination date to June 17, 2027; as of June 30, 2026 there were no outstanding borrowings and $991 million in letters of credit issued under the Receivables Facility; as of July 31, 2026, $700 million of borrowings were outstanding and $1.2 billion in letters of credit were issued source
- Revolving Credit Facility size: $4.6 billion due 2029 (last amended May 27, 2025). source
- Total availability under Revolving Credit Facility and collective collateral facilities was $5,068 million as of June 30, 2026 and $4,890 million as of December 31, 2025; total capacity of those facilities was $9.0 billion as of June 30, 2026 and $7.7 billion as of December 31, 2025 source
- Receivables Facility size: $2.3 billion accounts receivables securitization facility due 2027 (last amended June 18, 2026). source
- In January and February 2026 the Company increased bilateral letter of credit facilities by $410 million and $90 million respectively; as of June 30, 2026, $784 million was issued under these facilities and as of July 31, 2026, $1.1 billion was issued under these facilities source
- Cash provided by/(used in) financing activities for six months ended June 30, 2026 changed by $2,140 million resulting in net change $2,895 million (table shows Cash provided by/(used in) financing activities 2,140 (755) 2,895) source
- On July 21, 2026, the Company entered into a credit agreement with commitments from lenders not to exceed $[amount] million for issuance of letters of credit; as of July 31, 2026 there were no letters of credit issued under this facility. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +21.7% | Proceeds from credit facilities during the six months ended June 30, 2026: $8,675 million; repayments to credit facilities: $7,226 million. |
| liability | negative | realized | -21.7% | Proceeds from credit facilities during the six months ended June 30, 2026: $8,675 million; repayments to credit facilities: $7,226 million. |
| cash | negative | realized | -18.1% | Proceeds from credit facilities during the six months ended June 30, 2026: $8,675 million; repayments to credit facilities: $7,226 million. |
| liability | positive | realized | +18.1% | Proceeds from credit facilities during the six months ended June 30, 2026: $8,675 million; repayments to credit facilities: $7,226 million. |
| cash | negative | realized | -16.6% | Cash used in investing activities increased by $7,709 million for six months ended June 30, 2026 resulting in net change $(6,627) million… |
| cash | negative | realized | -11.6% | Net decrease in cash and cash equivalents, funds deposited by counterparties and restricted cash during the six months ended June 30,… |
| cash | positive | realized | +7.3% | Cash provided by/(used in) financing activities for six months ended June 30, 2026 changed by $2,140 million resulting in net change… |
| liability | negative | committed | -2.5% | On June 18, 2026, NRG Receivables amended its Receivables Facility to extend the scheduled termination date to June 17, 2027; as of June… |
| liability | positive | committed | +2.0% | As of June 30, 2026, $1.4 billion of borrowings were outstanding and $197 million in letters of credit were issued under the Revolving… |
| liability | negative | realized | -2.0% | In January and February 2026, NRG entered into amendments to increase its bilateral letter of credit facilities by $410 million and $90… |
| liability | negative | committed | -1.5% | On June 18, 2026, NRG Receivables amended its Receivables Facility to extend the scheduled termination date to June 17, 2027; as of June… |
| cash | negative | realized | -0.9% | Cash provided by operating activities for six months ended June 30, 2026 changed by $1,306 million resulting in change $(358) million… |