Utilities · Independent Power Producers
Price
$140.42
Market Cap
$29.6B
Employees
15,637
Beta
1.20
Avg Volume
3,103,057
CEO
Lawrence Stephen Coben
NRG Energy, Inc., together with its affiliated entities, operates as a comprehensive power utility spanning the United States. Its operations are divided into three main geographical divisions: Texas, East, and West. The company plays a crucial role in generating, distributing, and selling electricity and various related services, serving approximately six million customers across residential, commercial, industrial, and wholesale sectors. Their energy generation capabilities are diverse, drawing from natural gas, coal, oil, solar, nuclear, and battery storage technologies. Beyond core power provision, NRG offers an extensive array of solutions, including centralized system power, decentralized generation, renewable energy products, emergency backup power, distributed solar and storage installations, demand-side management, energy efficiency programs, expert advisory services, carbon management initiatives, and bespoke on-site energy solutions. Furthermore, NRG actively engages in the trading of electric power, natural gas, and associated commodities, alongside environmental credits, weather-related products, and various financial instruments such as forwards, futures, options, and swaps. The company also manages fuel procurement and transportation services. It directly markets energy, services, and products to retail consumers through several established brands, including NRG, Reliant, Direct Energy, Green Mountain Energy, Stream, and XOOM Energy. As of December 31, 2021, NRG Energy's generation assets encompassed approximately 18,000 megawatts of capacity across 25 owned and leased facilities. The corporation was founded in 1989 and maintains its corporate headquarters in Houston, Texas.
Runs with full report
Price Overview
Last updated: Jul 11, 2026 4:46am (just now)
Current data · timestamped when a report runs
$140.42
Change · Jul 11
-0.06 (-0.04%)
Day Range
$140.30 – $143.47
52-Week Range
$120.11 – $189.96
50-Day MA
$137.86
200-Day MA
$155.56
Volume
1,038,074.00
Analyst Price Targets
Low
$165.00
Consensus
$190.50
High
$210.00
(28 analysts)
Share Structure
Outstanding
210,986,470.00
Float
210,102,437.00
Free Float
99.6%
High free float
— 99.6% of shares trade freely, ~0.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
121.62
Stock Price: $140.42
EPS (Diluted): 4.09
EPS (Diluted): 4.09
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
18.47
Stock Price: $140.42
Total Equity: $1.68B
Shares: 199,000,000
Total Equity: $1.68B
Shares: 199,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
20.50
Market Cap: $29.63B
Total Debt: $16.61B
Cash: $4.74B
EBITDA: $3.81B
Total Debt: $16.61B
Cash: $4.74B
EBITDA: $3.81B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$43.1B
Market Cap: $29.63B
Total Debt: $16.61B
Cash: $4.74B
Total Debt: $16.61B
Cash: $4.74B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
21.8%
Gross Profit: $6.71B
Revenue: $30.71B
Revenue: $30.71B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
6.0%
Operating Income: $1.85B
Revenue: $30.71B
Revenue: $30.71B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
2.8%
Net Income: $864.00M
Revenue: $30.71B
Revenue: $30.71B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
8.8%
Net Income: $864.00M
Total Equity: $1.68B
Total Equity: $1.68B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
3.1%
Operating Income: $1.85B
Tax Rate: 19.9%
Equity: $1.68B
Total Debt: $16.61B
Cash: $4.74B
Tax Rate: 19.9%
Equity: $1.68B
Total Debt: $16.61B
Cash: $4.74B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.64
Current Assets: $13.15B
Current Liabilities: $8.03B
Current Liabilities: $8.03B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
9.88
Short-Term Debt: $66.00M
Long-Term Debt: $16.54B
Total Debt: $16.61B
Total Equity: $1.68B
Long-Term Debt: $16.54B
Total Debt: $16.61B
Total Equity: $1.68B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$154.32
Revenue: $30.71B
Shares: 199,000,000
Shares: 199,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$8.45
Total Equity: $1.68B
Shares: 199,000,000
Shares: 199,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$3.85
Operating CF: $1.91B
CapEx: -$1.15B
Shares: 199,000,000
CapEx: -$1.15B
Shares: 199,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.3%
Last Dividend: N/A
Stock Price: $140.42
Stock Price: $140.42
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $864.00M
Net Income: $864.00M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NRG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 11, 2026 4:46am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $27.0B | $31.5B | $28.8B | $28.1B | $30.7B |
| Cost of Revenue | $20.5B | $27.4B | $26.5B | $22.1B | $24.0B |
| Gross Profit | $6.5B | $4.1B | $2.3B | $6.0B | $6.7B |
| Operating Expenses | $3.2B | $2.1B | $1.9B | $3.6B | $4.9B |
| Operating Income | $3.3B | $2.0B | $384.0M | $2.4B | $1.9B |
| Net Income | $2.2B | $1.2B | -$202.0M | $1.1B | $864.0M |
| EBITDA | $4.2B | $2.8B | $1.7B | $3.5B | $3.8B |
| EPS | $8.93 | $5.17 | $-1.12 | $5.14 | $4.09 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 11, 2026 4:46am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $250.0M | $430.0M | $541.0M | $966.0M | $4.7B |
| Total Current Assets | $10.8B | $16.2B | $9.7B | $9.0B | $13.1B |
| Total Assets | $23.2B | $29.1B | $26.0B | $24.0B | $29.1B |
| Current Liabilities | $7.9B | $13.0B | $9.5B | $8.8B | $8.0B |
| Long-Term Debt | $8.0B | $8.0B | $10.1B | $9.8B | $16.5B |
| Total Liabilities | $19.6B | $25.3B | $23.1B | $21.5B | $27.5B |
| Total Equity | $3.6B | $3.8B | $2.9B | $2.5B | $1.7B |
| Retained Earnings | $464.0M | $1.4B | $820.0M | $1.5B | $2.0B |
Cash Flow (Annual)
Last updated: Jul 11, 2026 4:46am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $493.0M | $360.0M | -$221.0M | $2.3B | $1.9B |
| Capital Expenditure | -$269.0M | -$367.0M | -$598.0M | -$472.0M | -$1.1B |
| Free Cash Flow | $224.0M | -$7.0M | -$819.0M | $1.8B | $766.0M |
| Acquisitions (net) | -$2.7B | $47.0M | -$516.0M | $463.0M | -$596.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$48.0M | -$606.0M | -$1.2B | -$935.0M | -$1.4B |
| Net Change in Cash | -$3.6B | $205.0M | $95.0M | $409.0M | $3.8B |
Analyst Estimates (Annual)
Last updated: Jul 11, 2026 4:46am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$35.7B $22.1B – $45.6B
|
$37.3B $36.8B – $37.7B
|
$37.7B $30.5B – $45.5B
|
$38.7B $31.4B – $46.7B
|
| EBITDA |
$3.9B $2.4B – $5.0B
|
$4.1B $4.1B – $4.2B
|
$4.2B $3.4B – $5.0B
|
$4.3B $3.5B – $5.2B
|
| Net Income |
$2.2B $1.6B – $2.6B
|
$2.5B $2.2B – $3.0B
|
$3.0B $2.3B – $3.8B
|
$3.6B $2.7B – $4.6B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 11, 2026 4:46am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +16.9% | -8.6% | -2.4% | +9.2% |
| Gross Profit Growth | -37.0% | -44.0% | +162.5% | +11.3% |
| Operating Income Growth | -39.6% | -81.0% | +531.3% | -23.7% |
| Net Income Growth | -44.2% | -116.5% | +656.9% | -23.2% |
| EBITDA Growth | -33.0% | -37.5% | +100.2% | +8.7% |
Dividend History (Last 20)
Last updated: Jul 11, 2026 4:46am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-01 | $0.48 | 2026-04-20 | 2026-05-01 | 2026-05-15 |
| 2026-02-02 | $0.48 | 2026-01-23 | 2026-02-02 | 2026-02-17 |
| 2025-11-03 | $0.44 | 2025-10-20 | 2025-11-03 | 2025-11-17 |
| 2025-08-01 | $0.44 | 2025-07-21 | 2025-08-01 | 2025-08-15 |
| 2025-05-01 | $0.44 | 2025-04-08 | 2025-05-01 | 2025-05-15 |
| 2025-02-03 | $0.44 | 2025-01-22 | 2025-02-03 | 2025-02-18 |
| 2024-11-01 | $0.41 | 2024-10-11 | 2024-11-01 | 2024-11-15 |
| 2024-08-01 | $0.41 | 2024-07-19 | 2024-08-01 | 2024-08-15 |
| 2024-04-30 | $0.41 | 2024-04-17 | 2024-05-01 | 2024-05-15 |
| 2024-01-31 | $0.41 | 2024-01-19 | 2024-02-01 | 2024-02-15 |
| 2023-10-31 | $0.38 | 2023-10-19 | 2023-11-01 | 2023-11-15 |
| 2023-07-31 | $0.38 | 2023-07-17 | 2023-08-01 | 2023-08-15 |
| 2023-04-28 | $0.38 | 2023-04-19 | 2023-05-01 | 2023-05-15 |
| 2023-01-31 | $0.38 | 2023-01-20 | 2023-02-01 | 2023-02-15 |
| 2022-10-31 | $0.35 | 2022-10-21 | 2022-11-01 | 2022-11-15 |
| 2022-07-29 | $0.35 | 2022-07-20 | 2022-08-01 | 2022-08-15 |
| 2022-04-29 | $0.35 | 2022-04-20 | 2022-05-02 | 2022-05-16 |
| 2022-01-31 | $0.35 | 2022-01-21 | 2022-02-01 | 2022-02-15 |
| 2021-10-29 | $0.33 | 2021-10-15 | 2021-11-01 | 2021-11-15 |
| 2021-07-30 | $0.33 | 2021-07-20 | 2021-08-02 | 2021-08-16 |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | Kinney Virginia | S-Sale | 20,000.00 | $127.52 | $2.6M |
| 2026-06-05 | Kinney Virginia | M-Exempt | 1,007.00 | $129.20 | $130,104 |
| 2026-06-05 | Kinney Virginia | F-InKind | 697.00 | $129.20 | $90,052 |
| 2026-06-05 | Kinney Virginia | M-Exempt | 15,948.00 | $0.00 | $0 |
| 2026-06-05 | Kinney Virginia | F-InKind | 6,672.00 | $129.20 | $862,022 |
| 2026-06-05 | Kinney Virginia | M-Exempt | 1,007.00 | $0.00 | $0 |
| 2026-06-05 | Kinney Virginia | M-Exempt | 15,948.00 | $0.00 | $0 |
| 2026-06-05 | Chung Bruce | M-Exempt | 1,410.00 | $129.20 | $182,172 |
| 2026-06-05 | Chung Bruce | F-InKind | 1,267.00 | $129.20 | $163,696 |
| 2026-06-05 | Chung Bruce | M-Exempt | 22,328.00 | $0.00 | $0 |
| 2026-06-05 | Chung Bruce | F-InKind | 12,142.00 | $129.20 | $1.6M |
| 2026-06-05 | Chung Bruce | M-Exempt | 1,410.00 | $0.00 | $0 |
| 2026-06-05 | Chung Bruce | M-Exempt | 22,328.00 | $0.00 | $0 |
| 2026-06-01 | Wright Glenn Tracy | A-Award | 1,422.00 | $0.00 | $0 |
| 2026-05-26 | Wright Glenn Tracy | 0.00 | $0.00 | $0 | |
| 2026-06-01 | ZLOTNIK MARCIE | A-Award | 1,422.00 | $0.00 | $0 |
| 2026-06-01 | Pruner Alexandra | A-Award | 1,557.00 | $0.00 | $0 |
| 2026-06-01 | Pourbaix Alexander J | A-Award | 2,619.00 | $0.00 | $0 |
| 2026-06-01 | Kapoor Sanjay | A-Award | 2,464.00 | $0.00 | $0 |
| 2026-06-01 | Donohue Elisabeth B | A-Award | 1,499.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NRG — it's generated by the pipeline (
market-narrative step).
No community reviews yet for NRG.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.398 · dd6a9935 · 2026-07-10 09:48:14