NRG · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

NRG ENERGY, INC. · 2026-11-09 · Importance 59 · Surprise 48

Revenue for the nine months ended September 30, 2026 was $27.203 billion, up 18.5% from $22.960 billion in 2025; third-quarter revenue was $9.466 billion, up 24.0% from $7.635 billion. Nine-month revenue by segment was $14.408 billion for East, $8.868 billion for Texas, $2.200 billion for West/Other, and $1.774 billion for Vivint Smart Home. Retail revenue increased to $24.379 billion from $22.017 billion, including Business retail revenue of $14.017 billion versus $12.092 billion and Home retail revenue of $10.362 billion versus $9.925 billion. The filing attributes the increase in future fixed-fee performance obligations primarily to the LSP Portfolio acquisition, and reported $2.7 billion, $2.5 billion, $1.7 billion, and $1.0 billion of obligations for 2027–2030, respectively.

Key facts

• As of September 30, 2026, NRG had approximately 25 GW of competitive power generation, including approximately 13 GW from the LSP Portfolio. source
• NRG serves approximately 8 million residential customers, including 6 million retail energy customers and 2 million smart-home customers. source
• NRG’s natural gas portfolio serves approximately 1,900 MMDth annually. source