NRG reports strong Q3 revenue, agrees to $4B asset sale
Key points
- NRG Energy reported third-quarter 2026 revenue of US$9.47 billion and adjusted EPS of US$4.68, exceeding analyst expectations.
- GAAP net income increased to US$544 million from US$135 million a year earlier, while adjusted EBITDA reached US$2.013 billion.
- NRG agreed to sell six natural gas generation assets to LS Power for US$4 billion and introduced 2027 adjusted EPS guidance of US$8.05–US$10.05.
NRG Energy (NYSE:NRG) reported third-quarter 2026 revenue of US$9.47 billion, up 24% year-over-year, and adjusted EPS of US$4.68, exceeding analyst expectations.
Adjusted EBITDA, a non-GAAP measure, increased 67% to US$2.013 billion from US$1.205 billion, while GAAP net income reached US$561 million, including US$544 million attributable to common stockholders.
The company agreed to sell six natural gas-fired generation assets with combined capacity of 4.9 GW to LS Power for US$4 billion, with closing expected in the second quarter of 2027, subject to regulatory approvals.
NRG supplies electricity, natural gas and smart-home services to approximately eight million customers across North America and operates about 25 GW of power generation capacity.
The company reaffirmed its 2026 adjusted EPS guidance of US$7.90–US$9.90 and introduced 2027 guidance of US$8.05–US$10.05, while planning additional share repurchases and debt reduction using proceeds from the asset sale.
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