NRG at a glance
NRG Energy (NRG, SEC CIK 1013871) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 4, 2026 and Form 4 insider filings as recently as September 9, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), NRG Energy (NRG) reported revenue of $30.3 billion (up 9.4% from FY2024) and net income of $864.0 million. Diluted EPS was $4.01.
- As of June 30, 2026, 41 institutional investment managers tracked by SignalX reported holding NRG Energy (NRG) shares worth $17.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Spencer Gerald Alfred on September 8, 2026 of 1,580 shares at $120.93 per share.
- In the last 90 days, NRG insiders reported 0 open-market purchases ($0) and 2 open-market sales ($1.8M) on Form 4, a net sale of $1.8M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $30.3B
- +9.4% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$1.8M
- 13F holders
- 41 funds
- $17.0B · +0 vs prior quarter
- Latest 8-K
- Aug 4, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Section 'business' was empty or not found.
Risk Factors
- LSP Portfolio acquisition (Jan 2026) added ~$9.6B total consideration plus $3.2B assumed debt, pushing NRG to sub-investment-grade BB/Ba1 ratings
- Natural gas price spike 51% YoY to $3.43/MMBtu at Henry Hub creates retail margin lag risk on term/month-to-month contracts
- ERCOT concentration risk: ~12 GW generation primarily Texas, peak demand forecast to surge from 86 GW (2024) to 139 GW (2030) straining infrastructure
- ELG (Effluent Limitations Guidelines) compliance driving ~$34M environmental capex 2026-2029 for coal units in Texas
- $16.6B total debt with $2.8B Revolving Credit Facility drawn post-LSP close; liquidity dropped from $9.6B (Dec 2025) to $3.0B (Jan 2026)
Management Discussion & Analysis
- Revenue $30.7B in 2025, up $2.6B (+9.2% YoY) from $28.1B; retail revenue led at $29.5B vs $27.1B
- Operating income $1.85B vs $2.42B in 2024; operating margin 6.0% vs 8.6%: decline driven by higher purchased energy costs (+$1.8B) and SG&A (+$257M)
- Best segment: East economic gross margin $2.1B vs $2.0B; worst: West/Other economic gross margin fell $198M YoY driven by Cottonwood lease expiration and Services business dispositions
- Operating cash flow $1.9B vs $2.3B; capex $1.4B total; $1.3B share repurchases at avg $129.23/share; dividends $350M at $1.76/share; new $3.0B buyback authorized through 2028
- Post-period LSP Portfolio acquisition ($6.4B cash + 24.25M shares + $3.2B assumed debt) doubles generation to ~25 GW; 5.4 GW new gas-fired development planned with GE Vernova; tariff and affordability pressures flagged as emerging risks
AI summary of the NRG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Filing text provides no quarterly revenue, year-over-year revenue comparison, or profitability percentages
- Filing text provides no segment or product-line performance figures
- Filing text provides no quarterly cash position, operating cash flow, or capital deployment figures
- Strategy focused on data-center demand, electrification, Texas projects, and expanded integrated generation-retail operations
- Maryland regulatory headwinds, including price caps and contract restrictions, remain effective amid ongoing litigation
Risk Factors
- No material risk-factor changes during six months ended June 30, 2026
- Carried-forward risks remain those disclosed in NRG’s 2025 Form 10-K
- New senior notes due 2031, 2034, and 2036 could increase refinancing exposure
- $3.0 billion repurchase authorization reduces available liquidity by $614 million during the quarter
AI summary of the NRG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results for quarter ended June 30, 2026
- Results announced August 4, 2026 through furnished Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 GAAP net income $506M vs $(104)M; adjusted EBITDA $1,217M, up $308M, primarily from LS Power assets and stronger East capacity pricing
- Adjusted EPS $1.49 vs $1.73; higher acquisition-related interest, depreciation, and newly issued shares offset EBITDA growth
Item 8.01: Other Events
- PJM capacity auction cleared 6,839 MW of NRG generation for 2028–2029 delivery
- Average clearing price of $325 per MW-day provides forward capacity-market revenue visibility
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Glenn Wright appointed independent director effective May 26, 2026
- Finance and Risk Management Committee assignment adds energy trading and development expertise
AI summaries of NRG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NRG
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Spencer Gerald Alfred | Sell | Sep 8, 2026 | 1,580 | $120.93 |
| Bentley Brad | F | Aug 4, 2026 | 3,401 | - |
| Bentley Brad | F | Aug 4, 2026 | 1,570 | - |
| Carrillo Antonio | A | Aug 3, 2026 | 65 | - |
| ZLOTNIK MARCIE | A | Aug 3, 2026 | 29 | - |
| Carter Matthew Jr | A | Aug 3, 2026 | 149 | - |
| Kapoor Sanjay | A | Aug 3, 2026 | 13 | - |
| Bentley Brad | A | Aug 3, 2026 | 112 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $27.7B | $30.3B |
| Operating Income | $384.0M | $2.4B | $1.8B |
| Net Income | -$202.0M | $1.1B | $864.0M |
| Op. Margin | - | 8.7% | 6.1% |
| Net Margin | - | 4.1% | 2.8% |
| Balance Sheet | |||
| Total Assets | - | $24.0B | $29.1B |
| Equity | - | $2.5B | $1.7B |
| ROE | - | 45.4% | 51.4% |
| Per Share | |||
| EPS | - | $4.99 | $4.01 |
| Cash Flow | |||
| Operating CF | -$221.0M | $2.3B | $1.9B |
| CapEx | $598.0M | $472.0M | $1.1B |
Source: XBRL data in NRG Energy (NRG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NRG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 41 | $17.04B |
| Q1 2026 | 41 | $16.17B |
| Q4 2025 | 38 | $15.51B |
| Q3 2025 | 39 | $17.48B |
| Q2 2025 | 36 | $16.99B |
| Q1 2025 | 32 | $8.82B |
| Q4 2024 | 28 | $7.30B |
| Q3 2024 | 24 | $4.54B |
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- AQR Capital Management+849.8K (+533%)
- Citadel Advisors LLC+281.0K (+104%)
- Ameriprise Financial−882.5K (-70%)
- Citigroup−759.7K (-77%)
- JPMorgan Chase & Co−702.5K (-47%)
- Morgan Stanley−573.1K (-12%)
- State Street Corp−537.5K (-5%)
- Marex Group plc+3.4K
- Citizens Financial Group+2.2K
- Blackstone Group−10.1K
- Mangrove Partners−3.5K
Source: 13F-HR filings on SEC EDGAR (aggregated from 279 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NRG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Jul 28, 2026 | - | - | |
| 4 | Jul 17, 2026 | - | - | - |
| 8-K | Jul 15, 2026 | - | Analysis | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 3, 2026 | - | - |
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NRG SEC filings: frequently asked questions
Are NRG insiders buying or selling?
In the last 90 days, NRG Energy (NRG) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $1.8 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold NRG stock?
As of June 30, 2026, the largest NRG Energy (NRG) holders among the 13F filers tracked by SignalX were BlackRock ($2.6 billion), FMR LLC (Fidelity) ($2.5 billion), Vanguard Capital Management LLC ($2.0 billion), Franklin Resources ($1.9 billion), State Street Corp ($1.6 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NRG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), NRG Energy (NRG) reported revenue of $30.3 billion (up 9.4% from FY2024) and net income of $864.0 million. Diluted EPS was $4.01. The figures come from the XBRL data in the 10-K.
What are the main risks in NRG's latest 10-K?
In the 10-K filed February 24, 2026, NRG Energy (NRG) flagged: LSP Portfolio acquisition (Jan 2026) added ~$9.6B total consideration plus $3.2B assumed debt, pushing NRG to sub-investment-grade BB/Ba1 ratings. Natural gas price spike 51% YoY to $3.43/MMBtu at Henry Hub creates retail margin lag risk on term/month-to-month contracts. (AI summary of the Risk Factors section.)
What did NRG report in its latest 8-K?
NRG Energy (NRG) filed an 8-K on August 4, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 financial results for quarter ended June 30, 2026.
What are the latest NRG SEC filings?
NRG Energy (NRG) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 4, 2026 and a Form 4 insider filing on September 9, 2026.
What is NRG's SEC CIK number?
NRG Energy (NRG)'s SEC Central Index Key (CIK) is 1013871. EDGAR lists every NRG filing under that number.
Ask anything about NRG
The research agent reads NRG's filings, financials, insider trades and 13F holders, then answers with sources.