February 2, 2026 — Leads & Copy —
NRG Energy, Inc. (NYSE: NRG) has updated its 2026 financial guidance following the completion of its acquisition of assets from LS Power on January 30, 2026. The updated guidance reflects approximately 11 months of ownership of these assets in 2026.
NRG is initiating guidance for Adjusted Net Income and Adjusted Earnings Per Share (Adjusted EPS) and updating its previously issued guidance ranges for Adjusted EBITDA and Free Cash Flow before Growth (FCFbG) to incorporate the expected contribution from the acquired portfolio.
The updated 2026 guidance reflects the anticipated contribution of the acquired assets into the company’s previously communicated 2026 outlook, which remains unchanged. It aligns with NRG’s long-term financial growth framework.
The company plans to provide more detail on its long-term outlook during its Full Year and Fourth Quarter 2025 earnings call.
The 2026 Adjusted Net Income is projected between $1.685 billion and $2.115 billion, with a midpoint of $1.900 billion. Adjusted EPS is expected to range from $7.90 to $9.90, with a midpoint of $8.90. Adjusted EBITDA is anticipated to be between $5.325 billion and $5.825 billion, with a midpoint of $5.575 billion. FCFbG is projected to be in the range of $2.800 billion to $3.300 billion, with a midpoint of $3.050 billion.
NRG plans to report its Full Year and Fourth Quarter 2025 financial results on Tuesday, February 24, 2026. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).
The company will issue a press release regarding the Full Year and Fourth Quarter 2025 financial results prior to the conference call. The live webcast and presentation materials can be accessed at investors.nrg.com by clicking the “presentations and webcasts” link. A replay of the webcast will be available on the site for those unable to listen in real-time.
NRG is a provider of electricity, natural gas, and smart home solutions, serving eight million customers across North America. The company operates a customer‑first platform and the safe, reliable operation of approximately 25 GW of power generation.
The company’s non-GAAP measures, including Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, Adjusted Cash Provided/(Used) by Operating Activities, and Free Cash Flow before Growth Investments, are intended to provide additional insight into financial performance.
More information is available at nrg.com, and connect with NRG on Facebook, Instagram, LinkedIn, and X.
Source: NRG Energy, Inc.
