NRGNYSEElectric ServicesUS GAAP · USD

NRG Energy, Inc

NRG Energy, Inc. sells electricity, natural gas, and smart-home solutions to residential, commercial, industrial, data center, and wholesale customers across North America. Its business combines retail energy supply, competitive power generation, and home security/automation services through brands such as NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint.

Kysy yhtiöstä
Liikevaihto30,7mrd USD
+9,2 %v/v
Liikevoitto (EBIT)1 845milj. USD
−23,9 %v/v
EBIT-marginaali6,0%
−2,6 %-yks.v/v
Nettotulos864milj. USD
−23,2 %v/v
Vapaa kassavirta766milj. USD
−58,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

010203040mrd USD2020: 9,1 mrd USD2020: EBIT 1,1 mrd USD20202021: 27,0 mrd USD2021: EBIT 3,3 mrd USD20212022: 31,5 mrd USD2022: EBIT 2,0 mrd USD20222023: 28,8 mrd USD2023: EBIT 0,38 mrd USD20232024: 28,1 mrd USD2024: EBIT 2,4 mrd USD20242025: 30,7 mrd USD2025: EBIT 1,8 mrd USD202530,71,8
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Retail electricity and natural gas55 %

Electricity and gas sold to residential, small commercial, and business customers under fixed, indexed, and month-to-month contracts.

Wholesale power generation20 %

Competitive generation assets and related wholesale power sales used to serve load and capture merchant market opportunities.

Commercial and industrial energy solutions15 %

Power, gas, demand response, backup generation, storage, and energy management for larger customers.

Smart-home products and services8 %

Vivint-branded home security, automation, and monitoring services sold to residential customers.

Environmental and flexibility services2 %

Carbon offsets, renewable or low-carbon offerings, and demand response/VPP programs.

Tuotteet

Raportoitu · osuus liikevaihdosta
97,1%FY2025100 %
  • Products and Services Total Retail97,1 %
  • Energy Revenue1,9 %
  • Capacity Revenue0,9 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

NRG serves residential households through retail energy and smart-home offers, with purchase decisions driven by price, service, branding, and bundled convenience. It also sells to commercial and industrial customers, data centers, government accounts, and wholesale counterparties that need power, gas, demand response, backup generation, or flexible supply structures.

Residential retail energy

Households buy electricity and natural gas for price certainty, service, and brand-led offers.

Smart-home subscribers

Consumers buy security, monitoring, and home automation services through Vivint.

Commercial and industrial customers

Businesses buy power, gas, backup generation, demand response, and energy management.

Data center and hyperscaler customers

Large-load customers buy reliable power arrangements and, in some cases, BYOP structures.

Wholesale counterparties

Market participants transact around generation, supply, and hedging needs.

Strategia

NRG focuses on combining retail energy, generation, and smart-home offerings so it can sell multiple products to the same customer base through branded channels. The company also emphasizes diversified supply, operational excellence, and disciplined capital allocation to support customer reliability, load coverage, and market flexibility.

Integrated customer platformKeskipitkä aikaväli

Cross-selling energy and smart-home services increases retention and customer lifetime value.

Supply and generation expansionKeskipitkä aikaväli

Owning and contracting supply helps NRG serve load and reduce exposure to market volatility.

Large-load growthKeskipitkä aikaväli

Data centers and hyperscalers create long-duration demand for reliable power solutions.

Operational and capital disciplineLyhyt aikaväli

Asset performance and disciplined deployment support predictable cash flow and resilience.

Maantiede

NRG operates across the United States and Canada, with recurring electricity and gas sales in 25 U.S. states, the District of Columbia, and 8 Canadian provinces. Its generation footprint is concentrated in Texas, while its retail and smart-home customer base spans a broad North American footprint under multiple brands.

Riskit

NRG’s results are exposed to volatile power and gas prices, weather, fuel supply, and transmission or pipeline constraints because its business mixes retail sales with merchant generation. Integration risk, regulatory scrutiny, cyber risk, and customer collateral demands can also affect operations, liquidity, and the value of acquired assets.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Power and natural gas price volatility1Weather and operational outages2Regulatory and market design changes3Acquisition integration risk4Cybersecurity and data protection5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Power and natural gas price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    NRG buys, hedges, and sells energy across retail and wholesale markets, so commodity swings can affect realized margins.

    Kohdistuu: Retail supply and wholesale generation

  2. Weather and operational outagesVaikutus: KorkeaTodennäköisyys: Korkea

    Extreme weather, forced outages, and maintenance issues can interrupt generation or change customer demand patterns.

    Kohdistuu: Generation fleet and customer load serving

  3. Regulatory and market design changesVaikutus: KorkeaTodennäköisyys: Korkea

    Retail energy, generation, and grid-interactive products depend on state, federal, and ISO/RTO rules.

    KohdistuuERCOTState retail marketsProvincial rules
  4. Acquisition integration riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The LSP Portfolio adds plants, contracts, and operating processes that must be integrated into NRG's systems and controls.

    KohdistuuGenerationFuelDemand response assets
  5. Cybersecurity and data protectionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    NRG handles customer billing, smart-home data, and networked service platforms that can be targeted by attackers.

    KohdistuuRetailVivintCustomer operations

Kirjanpito

Harkinnanvaraiset erät
Derivative instruments

Energy hedges are marked to fair value, so commodity price moves can create large non-cash gains or losses.

Vaikutus: Earnings and balance-sheet volatility

Goodwill and intangible asset impairment

NRG carries goodwill and acquired intangibles from acquisitions and must test them for impairment.

Vaikutus: Potential non-cash write-downs

Business combinations

Acquired generation and service businesses require allocation of purchase price to assets and liabilities at fair value.

Vaikutus: Future depreciation, amortization, and impairment charges

Asset impairment assessments

Generation and other long-lived assets depend on future cash-flow estimates and regulatory assumptions.

Vaikutus: Operating income and asset carrying values

Income taxes and valuation allowances

Deferred tax asset realizability depends on future taxable income and tax planning.

Vaikutus: Tax expense and equity

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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NextEra Energy, Inc

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Entergy Corporation

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Päivitetty: 28.9.2026