NRG ENERGY, INC. · Electric Services

NRG

Low riskAI: Power and coolingNext report: Nov 9 (confirmed)

View price ↗

The short version

A profitable company with growing sales.

Going well

Sales up 11% in the latest quarter vs a year ago
Profitable
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 1.2% to their holdings in the quarter ending June 2026 (488 bought, 534 sold)
Held by Ray Dalio (Bridgewater), David Tepper (Appaloosa)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$93.60+1.4% that day

Company value: $19.7B; Share price times all shares
Price vs profit (P/E): 24.6x; You pay about $25 for each $1 of yearly profit
Price vs sales: 0.59x; Company value is 0.59 times a year of sales
Dividend yield: 1.9%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 84%; Debt as a share of company value

From NRG's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$7.5B+11% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $33.1B, up 13% from the 12 months before. Over 5 years, sales grew about 28% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of NRG. Starting points are the company's recent numbers.

Sales growth+13% a yearRecently: +13% a yearProfit margin3%Last 12 months: 2.6%P/E at the end25xToday: 24.6x. Many steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$61.0B

Profit in 5 years$1.8B

Price these guesses point to$281.41+201% vs $93.60 todayAbout +25% a year, before dividends

What today's price needs: with a 3% margin and a 25x P/E, sales could shrink about 9.3% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/4Mixed

MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.2.8%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$766.0M
PassShare count not growingNot diluting owners. Falling means buybacks.-15.7% in 3 years

Revenue: $30.7B; +9.2% vs prior year
5-year growth: +27.6%/yr; revenue, per year
Total debt: $16.6B
Current ratio: 1.64x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 4

Revenue: $7.5B; +11.0% YoY
EPS: $2.31; vs -$0.62
Op. margin: 13.0%; +13.0 pts
Free cash flow: $779.0M
Share count: +8.2%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.9
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+1.2%

Institutions added 1.2% to their holdings. 488 bought, 534 sold. 3 quarters of net buying in a row.

Shares held by institutions198.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-2.8%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

4.8x · $23.4B debt

Shares outstandingLatest reported

210M

Why low risk

High debt: 4.82x equity

Earnings reports

Last 12

Next reportNov 9 (confirmed)Announced by the company in a press release ↗

Results filedAug 4
Results filedMay 6
Results filedFeb 24
Results filedNov 6, 2025
Results filedAug 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

SoldGerald Alfred SpencerSVP & Chief Accounting Officer

1,580 shares at $120.93 · $191K

-20% of holdings
Now owns 6,213 shares
Pre-planned sale (10b5-1)
Filed 1 day after trade

Sep 8Form 4 ↗

Planned insider saleSep 8 · Form 144 ↗New insiderAug 13 · Form 3 ↗New insiderAug 13 · Form 3 ↗New insiderAug 13 · Form 3 ↗

Stock awardMarcie ZlotnikDirector

29 shares

+0% of holdings
Now owns 8,721 shares
Filed 2 days after trade

Aug 3Form 4 ↗

Stock awardAlexandra PrunerDirector

112 shares

+0% of holdings
Now owns 32,792 shares
Filed 2 days after trade

Aug 3Form 4 ↗

Stock awardSanjay KapoorDirector

13 shares

+0% of holdings
Now owns 3,934 shares
Filed 2 days after trade

Aug 3Form 4 ↗

Stock awardAlexander J PourbaixDirector

44 shares

+0% of holdings
Now owns 19,881 shares
Filed 2 days after trade

Aug 3Form 4 ↗

Stock awardBrad BentleyExec VP, Pres NRG Consumer

112 shares

+0% of holdings
Now owns 32,762 shares
Filed 2 days after trade
Also: Shares withheld for taxes

Aug 3Form 4 ↗

Insider tradeAug 5 · Form 4 ↗Insider tradeAug 5 · Form 4 ↗Insider tradeAug 5 · Form 4 ↗Insider tradeAug 5 · Form 4 ↗Insider tradeAug 5 · Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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