NRG Energy reaffirms 2026 guidance

NRG Energy reaffirms 2026 guidance

NRG Energy Reaffirms 2026 Guidance Amid Portfolio Expansion

NRG Energy, Inc. (NYSE: NRG) updated its 2026 financial guidance following the acquisition of a power asset portfolio from LS Power on January 30, 2026. The revised guidance incorporates approximately 11 months of ownership of these assets, reflecting around 90% of their estimated full-year 2026 contribution. The company emphasized that the updated outlook aligns with its previously communicated 2026 targets and long-term financial growth framework.

Key adjustments include the introduction of guidance for Adjusted Net Income ($1,685–$2,115 million, midpoint $1,900 million) and Adjusted Earnings Per Share (EPS) ($7.90–$9.90, midpoint $8.90). Previously issued ranges for Adjusted EBITDA ($5,325–$5,825 million, midpoint $5,575 million) and Free Cash Flow before Growth (FCFbG) ($2,800–$3,300 million, midpoint $3,050 million) have been revised to reflect the acquired portfolio's impact. These metrics exclude fair value adjustments from derivatives and other non-recurring items, as outlined in the company's non-GAAP reconciliations.

NRG attributed the guidance updates to the integration of LS Power assets, which add approximately 25 GW of generation capacity to its existing operations. The company noted that the guidance assumes stable market conditions and does not account for potential disruptions from factors such as regulatory changes, energy price volatility, or integration challenges.

The company is scheduled to provide further details during its Full Year and Fourth Quarter 2025 earnings call on February 24, 2026, at 9:00 a.m. EST. The call will address financial results, operational performance, and long-term strategic priorities.

NRG Energy serves eight million customers across North America, offering electricity, natural gas, and smart home solutions. The company's 2026 guidance underscores its focus on capital allocation, operational efficiency, and growth through strategic acquisitions.

As with all forward-looking statements, actual results may vary due to risks including market volatility, integration complexities, and regulatory shifts, as detailed in NRG's SEC filings.

NRG Energy, Inc. press release, February 2, 2026: NRG Energy, Inc. press release, February 2, 2026.
Yahoo Finance summary: Yahoo Finance summary of NRG Energy's guidance update.