NRG Energy, Inc. Q4 2025 Earnings Call Summary

Achieved record 2025 performance by exceeding the high end of raised guidance, marking the third consecutive year of delivering above increased outlooks. Strengthened competitive positioning through the successful close of the LS Power acquisition, doubling the generation fleet to 25 gigawatts and adding 18 natural gas assets. Attributed performance gains to margin expansion, commercial optimization, and favorable weather in the Texas segment, alongside strong capacity revenues in the East. Transiti ...