NRG · 10-Q · 2026Q2 · Full report
Remaining Performance Obligations
NRG ENERGY, INC. · 2026-08-04 · Importance 56 · Surprise 24 · In source text
As of June 30, 2026, NRG reported estimated future fixed-fee performance obligations of $1.4 billion for the remaining six months of 2026, followed by $2.6 billion in 2027, $2.4 billion in 2028, and $1.6 billion in 2029. These obligations include Vivint Smart Home products and services, cleared capacity-auction megawatts, and demand-response commitments. Cleared auction megawatts are subject to penalties for non-performance, and the year-over-year increase in obligations was primarily attributable to the LSP Portfolio.
Key facts
- As of June 30, 2026 Estimated future fixed fee performance obligations: $1.4 billion for remaining six months of fiscal year 2026; $2.6 billion for 2027; $2.4 billion for 2028; $1.6 billion for 2029. source
- Contract assets - Capitalized contract costs as of June 30, 2026: $1,949 million (included in Prepayments and other current assets and Other non-current assets). source
- Deferred revenues as of June 30, 2026: $1,821 million (deferred revenues recognized under accounting guidance other than ASC 606 was immaterial). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +30.2% | As of June 30, 2026 Estimated future fixed fee performance obligations: $1.4 billion for remaining six months of fiscal year 2026; $2.6… |
| revenue | positive | committed | +27.9% | As of June 30, 2026 Estimated future fixed fee performance obligations: $1.4 billion for remaining six months of fiscal year 2026; $2.6… |
| revenue | positive | committed | +18.6% | As of June 30, 2026 Estimated future fixed fee performance obligations: $1.4 billion for remaining six months of fiscal year 2026; $2.6… |
| revenue | positive | committed | +16.3% | As of June 30, 2026 Estimated future fixed fee performance obligations: $1.4 billion for remaining six months of fiscal year 2026; $2.6… |