NRG Energy announces secondary offering of 14.3M shares by LS Power affiliates and $300M share repurchase

NRG ENERGY, INC.

Selling stockholders (Lightning Power, Thunder Generation, CCS Power) sold 14,300,000 shares of NRG common stock at $164 per share in a public offering.
Underwriters received a 30-day option to purchase an additional 2,145,000 shares from the selling stockholders.
NRG repurchased 1,829,269 shares from the selling stockholders for $300 million in a privately negotiated transaction.
NRG waived the lock-up under the Registration Rights Agreement for all LSP shares; remaining 8,120,731 shares subject to a 45-day lock-up.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NRG ENERGY, INC. entered into Underwriting Agreement with Lightning Power Holdings, LLC, Thunder Generation, LLC, and CCS Power Holdings, LLC (collectively, the Selling Stockholders) and Barclays Capital Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters (effective 2026-03-02).

Action: entry
Agreement: underwriting
Counterparty: Lightning Power Holdings, LLC, Thunder Generation, LLC, and CCS Power Holdings, LLC (collectively, the Selling Stockholders) and Barclays Capital Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters
Effective: 2026-03-02

Exact text from the filing

On March 2, 2026, NRG Energy, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Lightning Power Holdings, LLC, Thunder Generation, LLC, and CCS Power Holdings, LLC (collectively, the “Selling Stockholders”) and Barclays Capital Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters named therein (collectively, the “Underwriters”) pursuant to which, among other things, the Selling Stockholders agreed to sell to the Underwriters, and the Underwriters agreed to purchase from the Selling Stockholders, 14,300,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) in a registered public offering (the “Offering”).

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Source: SEC EDGAR

accession 0001104659-26-023570

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