NRG · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
NRG ENERGY, INC. · 2026-08-04 · Importance 54 · Surprise 40 · No source text
Six-month revenue increased 15.7% year over year to $17.737 billion from $15.325 billion, while second-quarter revenue increased 11.0% to $7.481 billion from $6.740 billion. Six-month retail revenue rose to $16.186 billion from $14.735 billion, driven primarily by East Business revenue increasing to $7.161 billion from $5.696 billion following the LSP Portfolio acquisition. Six-month revenue by segment was $9.944 billion in East, $5.140 billion in Texas, $1.508 billion in West/Other and $1.165 billion in Vivint Smart Home. The LSP Portfolio contributed operations from January 30, 2026, making the East and Texas segments the principal sources of the year-over-year mix shift.
Key facts
- Total revenue for the three months ended June 30, 2026 was $7,481 million compared to $6,740 million for the three months ended June 30, 2025. source
- Total revenue for the six months ended June 30, 2026 was $17,737 million compared to $15,325 million for the six months ended June 30, 2025, a change of $2,412 million. source
- For the three and six months ended June 30, 2026, LSP Portfolio contributed revenue of $1,071 million for the six months ended June 30, 2026 (three months value not shown in excerpt). source
- Retail revenue for the three months ended June 30, 2026 was $6,686 million versus $6,519 million for the three months ended June 30, 2025. source
- Retail revenue for the six months ended June 30, 2026: Texas $5,034 million; East $8,507 million; West/Other $1,498 million; Vivint Smart Home $1,165 million; Corporate/Eliminations $(18) million; total $16,186 million source
- Three months ended June 30, 2026 Total revenue: $7,481 million. source
- Six months ended June 30, 2026 Total revenue: $17,737 million. source
- Pro forma combined revenue for three months ended June 30 (presumably 2026): $7,481 million and $7,179 million (two periods shown). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +33.0% | Total revenue for the six months ended June 30, 2026 was $17,737 million compared to $15,325 million for the six months ended June 30,… |
| revenue | positive | realized | +28.9% | Pro forma combined revenue for six months ended June 30 (presumably 2026): $18,366 million and $16,248 million (two periods shown). |
| revenue | positive | realized | +14.6% | For the three and six months ended June 30, 2026, LSP Portfolio contributed revenue of $1,071 million for the six months ended June 30,… |
| revenue | positive | realized | +10.1% | Total revenue for the three months ended June 30, 2026 was $7,481 million compared to $6,740 million for the three months ended June 30,… |
| revenue | positive | realized | +4.1% | Pro forma combined revenue for three months ended June 30 (presumably 2026): $7,481 million and $7,179 million (two periods shown). |
| revenue | positive | realized | +2.3% | Retail revenue for the three months ended June 30, 2026 was $6,686 million versus $6,519 million for the three months ended June 30, 2025. |
| revenue | positive | realized | — | Retail revenue for the six months ended June 30, 2026: Texas $5,034 million; East $8,507 million; West/Other $1,498 million; Vivint Smart… |
| revenue | positive | realized | — | Three months ended June 30, 2026 Total revenue: $7,481 million. |
| revenue | positive | realized | — | Six months ended June 30, 2026 Total revenue: $17,737 million. |
| revenue | positive | realized | — | Six months ended June 30, 2026 total revenue: $17,737 million, comprised of Texas $5,140 million, East $9,944 million, West/Other $1,508… |
| revenue | positive | realized | — | Three months ended June 30, 2026 total revenue: $7,481 million, comprised of Texas $2,747 million and East $3,512 million. |
| revenue | positive | realized | — | Six months ended June 30, 2026 Revenue: $15,460 million. |