NRG · 10-Q · 2026Q2 · Full report
Capital Return Program
NRG ENERGY, INC. · 2026-08-04 · Importance 52 · Surprise 42 · No source text
NRG completed its $3.7 billion share-repurchase authorization during the quarter ended March 31, 2026, repurchasing 46,570,688 shares at an average price of $79.43. During 2026, the Company repurchased 1,917,980 shares under that authorization, including 771,080 shares acquired from LS Power. NRG then began using its October 16, 2025 authorization for up to $3.0 billion of repurchases through 2028, purchasing 4,051,469 shares through July 31, 2026 at an average price of $154.54. The Company increased its annual dividend to $1.90 per share from $1.76 in the first quarter of 2026 and declared a $0.475 quarterly dividend payable August 17, 2026.
Key facts
- The Board approved an authorization on October 16, 2025 permitting up to $3.0 billion of share repurchases through 2028. source
- During the six months ended June 30, 2026, the Company completed $921 million of share repurchases at an average price of $156.52 per share; through July 31, 2026 an additional $14 million of share repurchases were executed at an average price of $136.23 per share source
- The Company’s $3.7 billion share repurchase program began in 2023 and was completed during the quarter ended March 31, 2026. source
- Total Share Repurchases under the $3.0 billion authorization through July 31, 2026: 4,051,469 shares at an average price of $154.54. source
- During the six months ended June 30, 2026 under the $3.0 billion authorization, the Company repurchased 1,058,189 shares from LS Power at $164.00 and 2,889,010 open market shares at $151.74, totaling 3,947,199 shares. source
- During the first quarter of 2026, NRG increased the annual dividend to $1.90 from $1.76 per share and paid a quarterly dividend of $0.475 per share during the three months ended June 30, 2026; on July 22, 2026 declared quarterly dividend $0.475 per share payable August 17, 2026 to holders of record August 3, 2026; Company targets annual dividend growth rate of 7%-9% per share in subsequent years source
- Total Share Repurchases under the $3.7 billion authorization: 46,570,688 shares at an average price of $79.43 totaling $3,700 million. source
- During the first quarter of 2026, NRG increased the annual dividend to $1.90 from $1.76 per share. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -9.3% | The Company’s $3.7 billion share repurchase program began in 2023 and was completed during the quarter ended March 31, 2026. |
| cash | negative | realized | -2.3% | During the six months ended June 30, 2026, the Company completed $921 million of share repurchases at an average price of $156.52 per… |
| cash | negative | realized | -1.6% | Total Share Repurchases under the $3.0 billion authorization through July 31, 2026: 4,051,469 shares at an average price of $154.54. |
| cash | negative | realized | -0.8% | During 2026 under the $3.7 billion authorization, the Company repurchased 1,146,900 open market shares at an average price of $156.62 and… |
| cash | negative | committed | -0.0% | During the six months ended June 30, 2026, the Company completed $921 million of share repurchases at an average price of $156.52 per… |
| cash | negative | realized | — | During the first quarter of 2026, NRG increased the annual dividend to $1.90 from $1.76 per share and paid a quarterly dividend of $0.475… |
| liability | negative | committed | — | During the first quarter of 2026, NRG increased the annual dividend to $1.90 from $1.76 per share and paid a quarterly dividend of $0.475… |
| cash | negative | contingent | — | During the first quarter of 2026, NRG increased the annual dividend to $1.90 from $1.76 per share and paid a quarterly dividend of $0.475… |
| cash | negative | realized | — | A quarterly dividend of $0.475 per share was paid during the three months ended June 30, 2026 and on July 22, 2026 NRG declared a… |
| liability | negative | committed | — | A quarterly dividend of $0.475 per share was paid during the three months ended June 30, 2026 and on July 22, 2026 NRG declared a… |