NRG Energy (NRG) official guidance
NRG Energy (NRG) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteNRGNRG ENERGY, INC.FY2029+ · ends 2029-12-31
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC6.00xnew
At the expected run rate EBITDA, that implies a build multiple of approximately 6x.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2026 · ends 2026-12-31
2 metrics1 new1 maintainedearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$407Mmaintained
For the full year, we continue to expect $1 billion of share repurchases and $407 million of common dividends.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-04 11:30:20 UTC$407Mmaintained
The Company plans to return $1.0 billion to shareholders through share repurchases and approximately $407 million through common stock dividends in 2026, as part of its previously announced 2026 capital allocation plan.
NRG · EX-99 · Q2 FY2026
2026-08-04 11:28:50 UTCOpen source
2026-05-06 11:02:05 UTC$407Mraised +1.8%
The Company plans to return $1.0 billion to shareholders through share repurchases and approximately $407 million through common stock dividends in 2026, as part of its previously announced 2026 capital allocation plan.
NRG · EX-99 · Q1 FY2026
2026-05-06 11:00:25 UTCOpen source
2026-02-24 12:38:57 UTC$400Mnew
For 2026, the Company reiterates its previously announced capital allocation plan, which includes $1.0 billion in share repurchases, and common stock dividends of approximately $400 million.
NRG · EX-99 · Q4 FY2025
2026-02-24 12:37:32 UTCOpen source
2026-08-05 04:01:51 UTC$800Mnew
Cumulative investment through the end of 2026 is expected to be $0.8 billion, including previously made reservation payments.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2029
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$500Mnew
Based on the current development schedule, commercial operations is targeted for late 2029, with full run rate earnings thereafter. At full operation, we expect $500 million of annual adjusted EBITDA and $375 million of annual free cash flow before growth.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2030+ · ends 2030-12-31
1 metricearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTCat least 14%
As a reminder, before any data center opportunities, our core business is expected to deliver 14%+ adjusted EPS CAGR through 2030.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-05-07 04:01:12 UTCat least 14%
We're advancing our key growth initiatives and are on track to deliver at least 14% adjusted EPS and free cash flow per share growth over the next five years before any contribution from large load or incremental development.
NRG · transcript · Q1 FY2026
2026-05-07 04:00:00 UTCOpen source
2026-02-25 05:01:35 UTCat least 14%
We continue to target at least 14% annual growth in adjusted earnings per share and free cash flow before growth per share, now measured from 2026 through 2030, rather than the previous through 2029.
NRG · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 12:38:57 UTCat least 14%new
•Adjusted Earnings per Share (Adjusted EPS) growth rate target of 14%+ extended through 2030
NRG · EX-99 · Q4 FY2025
2026-02-24 12:37:32 UTCOpen source
NRGNRG ENERGY, INC.FY2029
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$375Mnew
Based on the current development schedule, commercial operations is targeted for late 2029, with full run rate earnings thereafter. At full operation, we expect $500 million of annual adjusted EBITDA and $375 million of annual free cash flow before growth.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTCat least 1Bnew
At the start of the year, we said we were targeting at least 1 GW of large load agreements in 2026.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2029+ · ends 2029-12-31
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC12% – 15%new
On $3.2 billion of total investment, we expect the project to deliver a pre-tax unlevered IRR within our 12%-15% target range.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$721Mnew
The primary update is a new data center new build investment category reflecting $721 million of expected project investment in 2026.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2027 · ends 2027-12-31
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$1Bnew
From there, we expect to invest $1 billion in 2027, $1.1 billion in 2028, and the remaining $0.3 billion in 2029, ahead of the expected late 2029 COD.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2028 · ends 2028-12-31
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$1.1Bnew
From there, we expect to invest $1 billion in 2027, $1.1 billion in 2028, and the remaining $0.3 billion in 2029, ahead of the expected late 2029 COD.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2029 · ends 2029-12-31
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$300Mnew
From there, we expect to invest $1 billion in 2027, $1.1 billion in 2028, and the remaining $0.3 billion in 2029, ahead of the expected late 2029 COD.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2029+ · ends 2029-12-31
1 metric1 newearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$3.2Bnew
On $3.2 billion of total investment, we expect the project to deliver a pre-tax unlevered IRR within our 12%-15% target range.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
NRGNRG ENERGY, INC.FY2026 · ends 2026-12-31
7 metrics1 new6 maintainedearnings call · 2026-08-05 04:01:51 UTC
2026-08-05 04:01:51 UTC$1Bmaintained-28.7% vs FY2025
For the full year, we continue to expect $1 billion of share repurchases and $407 million of common dividends.
NRG · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-04 11:30:20 UTC$1Bmaintained-28.7% vs FY2025
The Company plans to return $1.0 billion to shareholders through share repurchases and approximately $407 million through common stock dividends in 2026, as part of its previously announced 2026 capital allocation plan.
NRG · EX-99 · Q2 FY2026
2026-08-04 11:28:50 UTCOpen source
2026-05-07 04:01:12 UTC$1Bmaintained-28.7% vs FY2025
You know, whether we would go above the $1 billion right now, right now the plan remains $1 billion.
NRG · transcript · Q1 FY2026
2026-05-07 04:00:00 UTCOpen source
2026-05-06 11:02:05 UTC$1Bmaintained-28.7% vs FY2025
The Company plans to return $1.0 billion to shareholders through share repurchases and approximately $407 million through common stock dividends in 2026, as part of its previously announced 2026 capital allocation plan.
NRG · EX-99 · Q1 FY2026
2026-05-06 11:00:25 UTCOpen source
2026-02-24 12:38:57 UTC$1Bmaintained
For 2026, the Company reiterates its previously announced capital allocation plan, which includes $1.0 billion in share repurchases, and common stock dividends of approximately $400 million.
NRG · EX-99 · Q4 FY2025
2026-02-24 12:37:32 UTCOpen source
2025-11-07 05:01:24 UTC$1Bmaintained
The key takeaway here is that we remain committed to our return of capital program through share purchases of $1 billion and our planned 7%-9% annualized growth of the common dividend per share.
NRG · transcript · Q3 FY2025
2025-11-07 05:00:00 UTCOpen source
2025-11-06 12:01:10 UTC$1Bnew
The Company expects to complete $1 billion in share repurchases in 2026.
NRG · EX-99 · Q3 FY2025
2025-11-06 12:00:04 UTCOpen source
2026-08-04 11:30:20 UTC$110Mmaintained
| Acquisition and other costs2 | 110 |
NRG · EX-99 · Q2 FY2026
2026-08-04 11:28:50 UTCOpen source
2026-05-06 11:02:05 UTC$110Mnew
| Acquisition and other costs2 | 110 |
NRG · EX-99 · Q1 FY2026
2026-05-06 11:00:25 UTCOpen source
2026-08-04 11:30:20 UTC$110Mmaintained
| Acquisition and divestiture integration and transaction costs | 110 |
NRG · EX-99 · Q2 FY2026
2026-08-04 11:28:50 UTCOpen source
2026-05-06 11:02:05 UTC$110Mnew
| Acquisition and divestiture integration and transaction costs | 110 |
NRG · EX-99 · Q1 FY2026
2026-05-06 11:00:25 UTCOpen source
2026-08-04 11:30:20 UTC$3.1B – $3.6Bmaintained
| Adjusted cash provided by operating activities | $3,110 - $3,590 |
NRG · EX-99 · Q2 FY2026
2026-08-04 11:28:50 UTCOpen source
2026-05-06 11:02:05 UTC$3.1B – $3.6Bnew
| Adjusted cash provided by operating activities | $3,110 - $3,590 |
NRG · EX-99 · Q1 FY2026
2026-05-06 11:00:25 UTCOpen source
2026-08-04 11:30:20 UTC$30Mmaintained
| ARO expense | 30 |
NRG · EX-99 · Q2 FY2026
2026-08-04 11:28:50 UTCOpen source
2026-05-06 11:02:05 UTC$30Mnew
| ARO expense | 30 |
NRG · EX-99 · Q1 FY2026
2026-05-06 11:00:25 UTCOpen source
2026-08-04 11:30:20 UTC$180Mnew
| Cost of acquisition | 180 |
NRG · EX-99 · Q2 FY2026
2026-08-04 11:28:50 UTCOpen source
2026-08-04 11:30:20 UTC$2Bmaintained
| Depreciation and amortization3 | 1,955 |
NRG · EX-99 · Q2 FY2026
2026-08-04 11:28:50 UTCOpen source
2026-05-06 11:02:05 UTC$2Bnew
| Depreciation and amortization3 | 1,955 |
NRG · EX-99 · Q1 FY2026
2026-05-06 11:00:25 UTCOpen source