NRG Energy Reaffirms 2025 Financial Guidance, Posts Q2 Revenue $6.74B and Adjusted EPS $1.73 per Share

NRG Energy has reaffirmed its 2025 financial guidance, with adjusted EPS expected to be between $6.75 and $7.75. The company reported Q2 revenue of $6.74B, beating FactSet estimates of $6.45B, and adjusted EPS of $1.73, in line with estimates. NRG Energy also inked a 295 MW deal to power data centers and reaffirmed its earnings guidance for the year.

NRG Energy, Inc. (NYSE: NRG) has announced its financial results for the second quarter ended June 30, 2025, reporting a GAAP Net Loss of $104 million and GAAP Earnings per Share (EPS) of $0.62. The company's non-GAAP metrics, however, showed a strong performance, with Adjusted Net Income of $339 million, Adjusted EPS of $1.73, Adjusted EBITDA of $909 million, and Free Cash Flow before Growth Investments (FCFbG) of $914 million [1].

The company's Chair, President, and Chief Executive Officer, Larry Coben, noted the company's "superb financial and operational performance," highlighting the resilience of its core business and progress on strategic initiatives. NRG has also signed its first long-term data center power agreements, demonstrating its commitment to innovation and expanded service offerings [1].

For the second quarter of 2025, NRG's adjusted EBITDA increased by $60 million year-over-year, primarily driven by improved retail margin. The company's Texas segment saw a significant increase in adjusted EBITDA, while the East and West/Services/Other segments experienced decreases due to various factors such as supply costs and asset sales [1].

NRG Energy has reaffirmed its 2025 financial guidance, expecting Adjusted Net Income between $1,330 and $1,530 million, Adjusted EPS between $6.75 and $7.75, Adjusted EBITDA between $3,725 and $3,975 million, and FCFbG between $1,975 and $2,225 million [1].

The company plans to return $1.3 billion to shareholders via share repurchases and approximately $345 million via common stock dividends in 2025. Through July 31, 2025, NRG had completed $768 million in share repurchases and distributed $173 million in common stock dividends [1].

NRG has entered into a 295 MW long-term data center power agreement, with initial powering expected by the second half of 2026. Additionally, the company has secured a $216 million loan from the Public Utility Commission of Texas (PUCT) to support development at its T.H. Wharton generation facility [1].

NRG's acquisition of the Premier Power Portfolio from LS Power is on track to close in the first quarter of 2026, subject to customary closing conditions and regulatory approvals [1].

References:
[1] https://www.businesswire.com/news/home/20250805029400/en/NRG-Energy-Inc.-Reports-Second-Quarter-Results-and-Reaffirms-2025-Financial-Guidance