| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 732 | 180 | 693 | 1,104 |
| Funds deposited by counterparties | 323 | 446 | 730 | 12 |
| Restricted cash | 30 | 17 | 15 | 10 |
| Accounts receivable, net | 3,332 | 3,421 | 3,512 | 3,258 |
| Inventory | 452 | 451 | 373 | 540 |
| Derivative instruments | 1,928 | 2,332 | 3,436 | 2,456 |
| Cash collateral paid in support of energy risk management activities | 358 | 361 | 217 | 449 |
| Prepayments and other current assets | 969 | 987 | 899 | 782 |
| Total current assets | 8,124 | 8,195 | 9,875 | 8,611 |
| Property, plant and equipment, net | 3,396 | 3,192 | 2,223 | 1,818 |
| Equity investments in affiliates | 48 | 47 | 47 | 49 |
| Operating lease right-of-use assets, net | 139 | 133 | 140 | 172 |
| Goodwill | 5,015 | 5,017 | 5,012 | 5,018 |
| Intangible assets, net-Customer Relationships | 1,294 | 1,379 | 1,469 | 1,648 |
| Intangible assets, net-Other Intangible Assets | 1,137 | 1,130 | 1,381 | 1,439 |
| Derivative instruments | 1,486 | 1,745 | 1,735 | 1,747 |
| Deferred income taxes | 1,855 | 1,935 | 1,923 | 2,098 |
| Other non-current assets | 1,477 | 1,315 | 1,186 | 1,124 |
| Total other assets | 12,451 | 12,701 | 12,893 | 13,295 |
| Total assets | 23,971 | 24,088 | 24,991 | 23,724 |
| Current portion of long-term debt and finance leases | 777 | 1,132 | 997 | 258 |
| Current portion of operating lease liabilities | 36 | 38 | 52 | 77 |
| Accounts payable | 2,319 | 2,544 | 2,356 | 1,994 |
| Derivative instruments | 1,880 | 1,954 | 2,595 | 2,351 |
| Cash collateral received in support of energy risk management activities | 323 | 446 | 730 | 12 |
| Deferred revenue current | 710 | 715 | 690 | 761 |
| Accrued expenses and other current liabilities | 1,668 | 1,952 | 1,880 | 1,895 |
| Total current liabilities | 7,713 | 8,781 | 9,300 | 7,348 |
| Long-term debt and finance leases | 11,155 | 9,812 | 9,812 | 10,422 |
| Non-current operating lease liabilities | 143 | 134 | 125 | 125 |
| Derivative instruments | 1,125 | 1,273 | 1,288 | 1,469 |
| Deferred income taxes | 12 | 12 | 12 | 8 |
| Deferred revenue non-current | 942 | 905 | 830 | 919 |
| Other non-current liabilities | 911 | 883 | 847 | 913 |
| Total other liabilities | 14,288 | 13,019 | 12,914 | 13,856 |
| Total liabilities | 22,001 | 21,800 | 22,214 | 21,204 |
| Preferred stock 10,000,000 shares authorized 650,000 series a shares issued and outstanding at september30, 2025 and december31, 2024, aggregate liquidation preference of 650 at september30, 2025 and december31, 2024 | 650 | 650 | 650 | 650 |
| Common stock 0.01 par value 500,000,000 shares authorized 199,704,187 and 205,064,058 shares issued and 192,255,304 and 198,604,003 shares outstanding at september30, 2025 and december31, 2024, respectively | 2 | 2 | 2 | 3 |
| Additional paid-in-capital | 166 | 305 | 518 | 3,145 |
| Retained earnings | 2,002 | 1,970 | 2,162 | 977 |
| Treasury stock, at cost 7,448,883 shares and 6,460,055 shares at september30, 2025 and december31, 2024, respectively | 745 | 538 | 440 | 2,150 |
| Accumulated other comprehensive loss | -105 | -101 | -115 | -105 |
| Total stockholders' equity | 1,970 | 2,288 | 2,777 | 2,520 |
| Total liabilities and stockholders' equity | 23,971 | 24,088 | 24,991 | 23,724 |
NRG ENERGY, INC. (NRG)
NRG ENERGY, INC. (NRG)