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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›NRG›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

NRG ENERGY, INC. (NRG) financials

Income statement

NRG ENERGY, INC. (NRG) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$8.91B$9.07B$8.15B$7.99B$8.69B$26.8B$31.5B$28.3B$27.7B$30.3B
Revenue growth—1.8%-10.2%-1.9%8.7%208.1%17.6%-10.3%-1.8%9.4%
Operating income$33.0M-$741M$982M$1.29B$1.10B$3.34B$2.02B$384M$2.42B$1.84B
Operating margin0.4%-8.2%12.1%16.1%12.7%12.5%6.4%1.4%8.7%6.1%
Net income-$774M-$2.15B$268M$4.44B$510M$2.19B$1.22B-$202M$1.13B$864M
Net margin-8.7%-23.7%3.3%55.5%5.9%8.2%3.9%-0.7%4.1%2.8%
EPS (diluted)-$2.22-$6.79$0.87$16.81$2.07$8.93$5.17-$1.12$4.99$4.01

Cash flow

NRG ENERGY, INC. (NRG) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.91B$1.61B$1.38B$1.41B$1.84B$493M$360M-$221M$2.31B$1.91B
Capital expenditures$544M$254M$388M$228M$230M$269M$367M$598M$472M$1.15B
Free cash flow$1.36B$1.36B$989M$1.19B$1.61B$224M-$7.00M-$819M$1.83B$766M
Share buybacks$0.00$0.00$1.25B$1.44B$229M$48.0M$600M$1.15B$935M$1.31B
Dividends paid$76.0M$38.0M$37.0M$32.0M$295M$319M$332M$381M$405M$411M

Balance sheet

NRG ENERGY, INC. (NRG) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$591M$770M$563M$345M$3.90B$250M$430M$541M$966M$4.71B
Total assets$30.7B$23.4B$10.6B$12.5B$14.9B$23.2B$29.1B$26.0B$24.0B$29.1B
Total liabilities$26.2B$21.3B$11.8B$10.9B$13.2B$19.6B$25.3B$23.1B$21.5B$27.5B
Long-term debt$16.7B$9.49B$6.69B$6.04B$8.86B$8.10B$8.10B$10.9B$10.9B—
Shareholders' equity$4.45B$1.97B-$1.23B$1.66B$1.68B$3.60B$3.83B$2.91B$2.48B$1.68B
Retained earnings-$3.79B-$6.27B-$6.02B-$1.62B-$1.40B$464M$1.41B$820M$1.53B$1.98B
Shares (wtd avg diluted)316M317M308M264M246M245M236M228M212M199M

Every figure is extracted from NRG ENERGY, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is NRG ENERGY, INC.'s annual revenue?
NRG ENERGY, INC. (NRG) reported $30.3B of revenue for fiscal year 2025 — up 9.4% from $27.7B in FY2024, per its annual report filed with the SEC.
Is NRG ENERGY, INC. profitable?
Yes — NRG earned $864M of net income in FY2025, a 2.8% net margin, per SEC filings.
What is NRG ENERGY, INC.'s free cash flow?
$766M in FY2025 (operating cash flow $1.91B minus $1.15B of capital expenditures), from the SEC cash-flow statement.
Does NRG pay a dividend?
Yes — NRG ENERGY, INC. paid $411M in cash dividends during FY2025, per its SEC cash-flow statement.
Full NRG analysis — verdict, score & filings →Is NRG a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.