NRG Energy, Inc.'s SEC filings document operating results, capital-structure actions, governance matters, and shareholder voting for a North American energy company that provides electricity, natural gas, smart home solutions, and power generation. Recent Form 8-K reports furnish quarterly results and guidance materials, record senior secured and senior unsecured note issuances, and describe tender offers, consent solicitations, guarantees, collateral terms, and related indenture amendments involving NRG and its subsidiaries.
The company's proxy and governance filings cover director elections, executive compensation and employment arrangements, board succession, annual meeting proposals, and final voting results. Other filings identify NRG common stock registered on the New York Stock Exchange and NYSE Texas and document secondary offering agreements and material definitive agreements affecting ownership and financing.
NRG Energy reported sharply mixed Q1 2026 results while closing a transformative acquisition. Revenue rose to $10,256 million from $8,585 million, driven by a larger generation and retail footprint, but net income fell to $125 million from $750 million. Diluted earnings per share dropped to $0.52 from $3.61.
Operating cash flow swung to an outflow of $169 million from an inflow of $855 million, reflecting working capital and hedging movements. On January 30, 2026, NRG completed the $10.583 billion LSP Portfolio acquisition, including $6.855 billion cash and 24.25 million shares, adding about 13 GW of natural gas and dual-fuel capacity plus the CPower demand response platform.
Total assets increased to $40,053 million, while long-term debt including current portion rose to $23,181 million. Goodwill expanded to $8,881 million, mainly from LSP. As of April 30, 2026, NRG had 210,986,470 common shares outstanding.
NRG Energy, Inc. reported first-quarter 2026 results with GAAP net income of $125 million and revenue of $10.3 billion, both compared to much higher profit a year earlier. GAAP EPS was $0.52, while non-GAAP Adjusted Net Income was $308 million and Adjusted EPS $1.49.
Adjusted EBITDA was $1,080 million and Free Cash Flow before Growth Investments was $(66) million, reflecting working capital and acquisition effects. Management reaffirmed full-year 2026 guidance for Adjusted EBITDA of $5.3–$5.8 billion and FCFbG of $2.8–$3.3 billion, and detailed a $1.0 billion share repurchase and ~$407 million dividend return plan.
The quarter included closing a large acquisition of generation assets and CPower from LS Power, a leadership transition with Robert Gaudette becoming CEO, strong performance of the Vivint Smart Home segment, progress on 1.5 GW of Texas Energy Fund projects, and liquidity of $3.3 billion after funding the acquisition.
NRG ENERGY, INC. reported that SVP & Chief Accounting Officer Gerald Alfred Spencer acquired 13 shares of NRG common stock as a grant or award at no cost. Following this award, he directly holds 7,779 shares of NRG common stock.
A related footnote explains that dividend equivalent rights on deferred and restricted stock units accrue and may be settled in NRG common stock, and that his position also reflects dividend equivalent rights and shares acquired under NRG's Employee Stock Purchase Plan since his last filing.
Bentley Brad reported acquisition or exercise transactions in this Form 4 filing.
NRG Energy executive Brad Bentley received a stock award of 100 shares of common stock on May 1, 2026. The grant carried a price of $0.00 per share and increased his direct holdings to 32,650 shares. A footnote explains that related awards accrue dividend equivalent rights tied to deferred or restricted stock units, each economically equal to one NRG share and settleable in NRG common stock.
NRG ENERGY, INC. Executive Vice President and General Counsel Brian Curci received a grant of 40 shares of common stock as a compensation-related award. The shares were acquired at a stated price of $0.00 per share and are held as direct ownership.
Following this award, Curci directly holds 46,194 shares of NRG common stock. A related footnote explains that dividend equivalent rights accrue on his deferred stock units and restricted stock units, each right being economically equivalent to one NRG share, and notes that his holdings include 297 such dividend equivalent rights.
NRG Energy executive Virginia Kinney reported an automatic equity-based award. On May 1, 2026, she acquired 30 dividend equivalent rights tied to NRG common stock at no cash cost, classified as a grant or award acquisition.
Each dividend equivalent right is economically equal to one share of NRG common stock and becomes exercisable proportionately with the related deferred stock units or restricted stock units, settling only in NRG common stock. Following this award, Kinney directly holds 55,525 shares or equivalents, including 272 dividend equivalent rights.
NRG ENERGY, INC. executive vice president and chief technology officer Dak Liyanearachchi received an award of 22 shares of common stock on May 1, 2026, recorded as a grant/acquisition at a price of $0.0000 per share.
After this award, Liyanearachchi directly holds 63,679 shares of NRG common stock. The award reflects dividend equivalent rights tied to deferred stock units and restricted stock units, which are economically equivalent to NRG common stock and may only be settled in NRG shares, including 151 dividend equivalent rights.
NRG ENERGY, INC. director Antonio Carrillo reported an acquisition of 58 shares of common stock equivalent through a grant classified as a "grant, award, or other acquisition." The award carried a price of $0.00 per share and reflects compensation rather than an open-market purchase.
After this transaction, Carrillo directly owns 43,009 shares of NRG common stock. A footnote explains that these relate to dividend equivalent rights tied to his deferred and or restricted stock units, which become exercisable proportionately with the underlying units and may only be settled in NRG common stock. The disclosure notes these holdings include 1,562 dividend equivalent rights, each economically equivalent to one share.
NRG Energy director Matthew Carter Jr received an equity-based award tied to his existing units. He acquired 129 shares of NRG common stock at no cost as dividend equivalent rights linked to deferred or restricted stock units. Following this grant, he directly holds 42,045 shares, including 5,383 dividend equivalent rights that mirror the value of NRG common stock.
Cox Heather reported acquisition or exercise transactions in this Form 4 filing.
NRG Energy director Heather Cox reported a compensation-related stock award. She received 79 dividend equivalent rights tied to NRG common stock at no cost, increasing her direct holdings to 42,189 shares. These holdings include 2,491 dividend equivalent rights.
Dividend equivalent rights mirror the value of NRG common shares and accrue on her deferred or restricted stock units. They become exercisable in step with the underlying units and can only be settled in NRG common stock, aligning her compensation with shareholder outcomes without an open-market purchase.