NRG Energy beats Q4 adjusted EPS expectations, reaffirms 2026 guidance

NRG Energy

24/02/2026 12:47

Overview

Energy provider's Q4 adjusted EPS beat analyst expectations

Company completed acquisition of 13 GW of power assets from LS Power

Company returned $1.6 bln to shareholders in 2025

Outlook

NRG reaffirms 2026 guidance with adjusted EPS between $7.90 and $9.90

Company expects 2026 adjusted EBITDA between $5.325 bln and $5.825 bln

NRG reaffirms plans of $1 bln in share repurchases and $400 mln in dividends for 2026

Result Drivers

ACQUISITION EXPANSION - NRG doubled its generation capacity with the acquisition of 13 GW of power assets and CPower from LS Power

TEXAS ENERGY PROJECTS - Advanced 1.5 GW of new generation through Texas Energy Fund projects, supported by $1.15 Bn in low-interest financing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
$1.04
$0.99 (9 Analysts)
Q4 Net Income
$66 mln
Q4 Adjusted EBITDA
$847 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for NRG Energy Inc is $197.50, about 11.9% above its February 23 closing price of $176.52

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)