NRG Energy Q1 revenue rises 19%, beats estimates

NRG Energy

06/05/2026 12:09

Overview

U.S. electricity provider's Q1 revenue rose and beat analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Company reaffirmed 2026 financial guidance and completed CEO succession previously announced in January

Outlook

NRG reaffirms 2026 Adjusted Net Income guidance of $1,685-$2,115 mln

Company maintains 2026 Adjusted EPS guidance of $7.90-$9.90

NRG expects commercial operations at T.H. Wharton facility by end of May 2026

Result Drivers

MARK-TO-MARKET LOSSES - Decrease in GAAP Net Income was primarily due to unrealized non-cash losses from mark-to-market economic hedges, driven by lower natural gas prices

MILD WEATHER IN TEXAS - Texas segment Adjusted EBITDA fell due to mild winter weather, leading to lower retail load and additional operating expenses for new generation assets

HIGHER SUPPLY COSTS IN EAST - East segment Adjusted EBITDA declined due to higher power supply costs during Winter Storm Fern, partially offset by contributions from acquired assets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$10.26 bln
$8.50 bln (7 Analysts)
Q1 Adjusted EPS
Miss
$1.49
$1.78 (11 Analysts)
Q1 Net Income
$125 mln
Q1 Adjusted EBITDA
$1.08 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "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 $200.00, about 27% above its May 5 closing price of $157.43

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 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.)