For the year ending 2025-12-31, NRG made $30,713M in revenue. $797M in net income. Net profit margin of 2.59%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | 30,713 | 28,130 | 28,823 | 31,543 |
| Cost of operations (excluding depreciation and amortization shown below) | 24,761 | 22,100 | 26,526 | 27,446 |
| Depreciation and amortization | 1,406 | 1,403 | 1,127 | 634 |
| Impairment losses | 0 | 36 | 26 | 206 |
| Selling, general and administrative costs (excluding amortization of customer acquisition costs of 295, 204 and 125, respectively, which are included in depreciation and amortization shown separately above) | 2,602 | 2,031 | 1,968 | 1,228 |
| Provision for credit losses | - | 314 | 251 | 11 |
| Acquisition-related transaction and integration costs | 74 | 30 | 119 | 52 |
| Total operating costs and expenses | 28,843 | 25,914 | 30,017 | 29,577 |
| (loss)/gain on sale of assets | -25 | 208 | 1,578 | 52 |
| Operating income | 1,845 | 2,424 | 384 | 2,018 |
| Equity in earnings of unconsolidated affiliates | 11 | 20 | 16 | 6 |
| Impairment losses on investments | 39 | 7 | 102 | 0 |
| Other income, net | 68 | 44 | 47 | 56 |
| (loss)/gain on debt extinguishment | -10 | -382 | 109 | 0 |
| Interest expense | 741 | 651 | 667 | 417 |
| Total other expense | -711 | -976 | -597 | -355 |
| Income/(loss) before income taxes | 1,134 | 1,448 | -213 | 1,663 |
| Tax at federal statutory tax rate | - | - | - | 349 |
| Foreign operations | - | - | - | 7 |
| State taxes | - | - | - | 69 |
| Permanent differences | - | - | - | 17 |
| Changes in valuation allowance | - | - | - | -3 |
| Deferred impact of state tax rate changes | - | - | - | 14 |
| Recognition of uncertain tax benefits | - | - | - | -8 |
| Carbon capture tax credits | - | - | - | 19 |
| Return to provision adjustments | - | - | - | 0 |
| Income tax expense/(benefit) | 270 | 323 | -11 | 442 |
| Net income/(loss) | 864 | 1,125 | -202 | 1,221 |
| Less cumulative dividends attributable to series a preferred stock | 67 | 67 | 54 | - |
| Net income/(loss) available for common stockholders | 797 | 1,058 | -256 | - |
| Basic EPS | 4.09 | 5.14 | -1.12 | 5.17 |
| Diluted EPS | 4.01 | 4.99 | -1.12 | 5.17 |
| Basic Average Shares | 195,000,000 | 206,000,000 | 228,000,000 | 236,000,000 |
| Diluted Average Shares | 199,000,000 | 212,000,000 | 228,000,000 | 236,000,000 |
NRG ENERGY, INC. (NRG)
NRG ENERGY, INC. (NRG)