earnings
confidence high
sentiment positive
materiality 0.85
NRG Energy Q3 2025: EPS $2.78 adj, revenue up; new $3B buyback; LS Power deal on track
NRG ENERGY, INC.
2025-Q3 EPS reported
$3.72
revenue$22,960,000,000
- GAAP Net Income $152M ($0.70 EPS); Adjusted Net Income $537M ($2.78 EPS) vs $434M ($2.10) y/y.
- Adjusted EBITDA $1,205M (+14% y/y); FCF before growth investments $828M.
- Reaffirmed raised 2025 guidance; initiated 2026 standalone guidance aligned with long-term targets.
- New $3B share repurchase authorization through 2028; expects $1B buyback in 2026.
- LS Power portfolio acquisition on track for Q1 2026 close; data center agreements expanded to 445 MW.