NRG · 10-Q · 2026Q3 · Full report
Operating Expense Trends
NRG ENERGY, INC. · 2026-11-09 · Importance 52 · Surprise 56
Operations and maintenance expense increased $237 million for the nine months ended September 30, 2026, to $1.355 billion, primarily reflecting the LSP Portfolio acquisition. Other cost of operations increased $48 million, including acquisition-related costs and higher East gross-receipts taxes associated with higher revenue. Depreciation and amortization rose $406 million to $1.436 billion, driven primarily by the LSP acquisition and higher amortization of capitalized contract costs, partly offset by a $75 million decline as acquired Vivint Smart Home intangibles rolled off. Selling, general and administrative costs decreased $111 million to $1.774 billion, principally from $183 million lower reserves for legal matters settled in 2025 and $42 million lower personnel and equity-linked compensation.
Key facts
- For the nine months ended September 30, 2026, operations and maintenance expense increased $237 million compared with the same period in 2025. source
- For the nine months ended September 30, 2026, depreciation and amortization increased $406 million compared with the same period in 2025. source
- For the three months ended September 30, 2026, depreciation and amortization increased $150 million compared with the same period in 2025. source
- For the nine months ended September 30, 2026, selling, general and administrative costs decreased $111 million compared with the same period in 2025. source
- For the three months ended September 30, 2026, operations and maintenance expense increased $64 million compared with the same period in 2025. source
- For the nine months ended September 30, 2026, other cost of operations increased $48 million compared with the same period in 2025. source
- For the three months ended September 30, 2026, other cost of operations increased $27 million compared with the same period in 2025. source
- For the three months ended September 30, 2026, selling, general and administrative costs increased $7 million compared with the same period in 2025. source