NRG Energy (NRG) FY2024 10-K Annual Report
NRG Energy (NRG) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 26, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
NRG Energy FY2024 10-K Analysis
Business Overview
- • Core business model: Integrated energy company providing retail electricity, natural gas, renewable generation, and energy services, including Vivint Smart Home
- • New emphasis on virtual power plant (VPP) development via partnership with Renew Home for up to 1 GW load management capacity using AI and cloud tech
Management Discussion & Analysis
- • Revenue $15.2B for 2024, down 5% from $16.0B in 2023
- • Operating margin 12.3% in 2024 vs 11.5% in 2023
Risk Factors
- • Regulatory risk: Increasing U.S. state and federal climate change policies including RPS and carbon trading plans impacting business model and compliance costs
- • Macroeconomic exposure: 2024 average natural gas price $2.27/MMBtu down 17% YoY, creating margin risk due to lag in retail rate adjustments
NRG Energy FY2024 Key Financial MetricsXBRL
Revenue
$27.7B
▼ -1.8% YoY
Net Income
$1.1B
▲ +656.9% YoY
Operating Margin
8.7%
▲ +738bp YoY
Net Margin
4.1%
▲ +477bp YoY
ROE
45.4%
▲ +5235bp YoY
Total Assets
$24.0B
▼ -7.7% YoY
EPS (Diluted)
$4.99
▲ +545.5% YoY
Operating Cash Flow
$2.3B
▲ +1143.4% YoY
Source: XBRL data from NRG Energy FY2024 10-K filing on SEC EDGAR. All figures in USD.
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