For the quarter ending 2026-03-31, NRG had -$4,587M decrease in cash & cash equivalents over the period. -$486M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 125 | 66 | 152 | -104 |
| Equity in and distributions from earnings of unconsolidated affiliates | - | 6 | 1 | 0 |
| Depreciation of property, plant and equipment and amortization of customer relationships and other intangible assets | 277 | 229 | 223 | 226 |
| Amortization of capitalized contract costs | 155 | 147 | 137 | 118 |
| Accretion of asset retirement obligations | - | 7 | 2 | 20 |
| Net accretion of/(gain) on asset retirement obligations | 7 | - | - | - |
| Provision for credit losses | 59 | 71 | 88 | 57 |
| Amortization of nuclear fuel | - | 0 | - | - |
| Amortization of financing costs and debt discounts | 5 | 27 | 11 | 7 |
| Loss on debt extinguishment | - | - | 0 | -212 |
| Loss/(gain) on debt extinguishment | - | -10 | - | - |
| Amortization of in-the-money contracts and emissions allowances | 36 | 22 | 24 | 7 |
| Amortization of unearned equity compensation | 41 | 51 | 21 | 33 |
| Net loss on sale of assets and disposal of assets | -4 | - | 3 | -2 |
| Net loss/(gain) on sale of assets and disposal of assets | - | -25 | - | - |
| Gain on proceeds from insurance recoveries for property, plant and equipment, net | 0 | 0 | 0 | 100 |
| Impairment losses | - | 39 | 0 | 0 |
| Changes in derivative instruments | -190 | -3 | -429 | -338 |
| Changes in current and deferred income taxes and liability for uncertain tax benefits | -56 | 4 | 83 | -17 |
| Changes in collateral deposits in support of risk management activities | -142 | -69 | -121 | -426 |
| Accounts receivable - trade | -809 | 760 | - | - |
| Inventory | 29 | -30 | - | - |
| Prepayments and other current assets | 196 | 757 | - | - |
| Accounts payable | -910 | 192 | - | - |
| Accrued expenses and other current liabilities | -315 | 28 | - | - |
| Other assets and liabilities | 228 | -781 | 561 | -170 |
| Cash (used)/provided by operating activities | -169 | 123 | 484 | 451 |
| Payments for acquisitions of businesses and assets, net of cash acquired | 6,755 | 5 | 5 | 586 |
| Capital expenditures | 317 | 298 | 254 | 378 |
| Proceeds from sales of assets, net of cash disposed | - | 6 | - | - |
| Proceeds from sales of assets | -596 | - | 495 | 101 |
| Net purchases of emissions allowances | 0 | -5 | -1 | 4 |
| Proceeds from insurance recoveries for property, plant and equipment, net | - | 100 | - | - |
| Investments in nuclear decommissioning trust fund securities | - | 0 | - | - |
| Proceeds from the sale of nuclear decommissioning trust fund securities | - | 0 | - | - |
| Proceeds from insurance recoveries for property, plant and equipment, net | 0 | - | 0 | 0 |
| Cash used by investing activities | -7,072 | -298 | -258 | -948 |
| Proceeds from issuance of preferred stock, net of fees | - | 0 | - | - |
| Equivalent shares purchased in lieu of tax withholdings | 79 | 6 | 9 | 37 |
| Payments for share repurchase activity and excise tax | 481 | 353 | 355 | 289 |
| Payment for settlement of capped call options | - | 0 | 292 | - |
| Payments of dividends to preferred and common stockholders | 135 | 85 | 237 | 172 |
| Proceeds from issuance of long-term debt | 57 | 5,301 | 1,375 | 0 |
| Repayments of long-term debt and finance leases | 12 | 756 | 239 | 5 |
| Payments for debt extinguishment costs | - | 0 | 0 | 0 |
| Payments of deferred financing costs | 42 | 23 | 24 | 28 |
| Net receipts from settlement of acquired derivatives that include financing elements | -19 | -8 | -13 | -13 |
| Proceeds from credit facilities | 4,850 | 0 | 710 | 865 |
| Repayments to credit facilities | 1,525 | 0 | 845 | 730 |
| Cash provided/(used) by financing activities | 2,652 | 4,086 | 215 | -297 |
| Effect of exchange rate changes on cash and cash equivalents | 2 | 2 | 1 | -1 |
| Net (decrease)/increase in cash and cash equivalents, funds deposited by counterparties and restricted cash | -4,587 | 3,913 | 442 | -795 |
| Cash and cash equivalents, funds deposited by counterparties and restricted cash at beginning of period | 4,998 | 1,085 | 643 | 1,438 |
| Cash and cash equivalents, funds deposited by counterparties and restricted cash at end of period | 411 | 4,998 | 1,085 | 643 |
NRG ENERGY, INC. (NRG)
NRG ENERGY, INC. (NRG)