NRG Energy Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

Core Insights - NRG Energy, Inc. reported Q2 2025 earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.54 by 9.1% and up from $1.48 in the prior-year quarter [1][10] - Total revenues reached $6.74 billion, surpassing the Zacks Consensus Estimate of $6.02 billion by 12% and increasing 1.2% from $6.66 billion in the same quarter last year [2][10] Financial Performance - Adjusted EBITDA for Q2 was $909 million, a decrease of 5.5% from $962 million in the previous year [3] - Total operating costs and expenses were $6.74 billion, up 28.3% from $5.25 billion in the year-ago quarter [3] - Cash and cash equivalents as of June 30, 2025, were $180 million, down from $966 million as of December 31, 2024 [5] - Long-term debt and finance leases remained flat at $9.81 billion as of June 30, 2025, compared to December 31, 2024 [5][10] Shareholder Returns - As of July 31, 2025, NRG completed $768 million in share repurchases and distributed $173 million in common stock dividends [4] - The company plans to return approximately $1.3 billion through share repurchases and common stock dividends of around $345 million in 2025 [4] Guidance - NRG Energy expects 2025 adjusted net income and adjusted EPS to be in the range of $1.33-$1.53 billion and $6.75-$7.75, respectively [7] - Free Cash Flow before Growth is estimated to be between $1.975 billion and $2.225 billion [7] - Adjusted EBITDA is anticipated to be in the range of $3.725-$3.975 billion [7] Zacks Rank - NRG currently holds a Zacks Rank 3 (Hold) [8]