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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.82B | +0.2% | $3.00 | +42.9% | 14.0% | 9.4% | $766M |
| FY2025 Q1 | $8.59B | +15.6% | $3.61 | +56.3% | 13.2% | 8.7% | $638M |
| FY2025 Q2 | $6.74B | +1.2% | $-0.62 | -118.4% | 0.6% | -1.5% | $73M |
| FY2025 Q3 | $7.63B | +5.7% | $0.69 | +118.2% | 5.5% | 2.0% | $230M |
| FY2025 Q4 | $7.75B | +13.7% | $0.26 | -91.3% | 3.2% | 0.9% | $-175M |
| FY2026 Q1 | $10.30B | +20.0% | $0.52 | -85.6% | 2.5% | 1.2% | $-486M |
| FY2026 Q2 | $11.06B | +64.1% | $2.34 | +477.4% | 9.5% | 4.6% | $779M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Julien Dumoulin-Smith | Jefferies | 14 (7%) |
| Shar Pourreza | Wells Fargo | 12 (0%) |
| Angie Storozynski | Seaport Research Partners | 11 (27%) |
| Michael Sullivan | Wolfe Research | 9 (0%) |
| David Arcaro | Morgan Stanley | 9 (0%) |
| Carly Davenport | Goldman Sachs | 7 (0%) |
| Nick Campanella | Barclays | 7 (0%) |
| Andrew Weisel | Scotiabank | 5 (0%) |
| Nick Amicucci | Evercore ISI | 5 (0%) |
| James West | Melius Research | 3 (33%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jefferies | 1 | 14 (7%) |
| Wells Fargo | 1 | 12 (0%) |
| Seaport Research Partners | 1 | 11 (27%) |
| Wolfe Research |
| 2 |
| 10 (0%) |
| Morgan Stanley | 1 | 9 (0%) |
| Barclays | 1 | 7 (0%) |
| Evercore ISI | 2 | 7 (0%) |
| Goldman Sachs | 1 | 7 (0%) |
NRG Energy reported Q1 adjusted EPS of $1.49 with the LS Power acquisition integration underway, as mild Texas weather and Winter Storm Fern supply costs weighed on quarterly results. Management reaffirmed FY2026 financial guidance and capital allocation, while TEF generation projects tracked on schedule, data center and AI power demand surged, and the smart home business momentum accelerated with the customer base growing 9% year-over-year to 2.37 million.
Demand | Capex Investment | Pricing | Competitive Dynamics | Regulation Policy | Capital Allocation | Innovation & R&D | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 6 | 2 | 3 | 2 | 2 | ||
| 2025Q1 | 1 | 2 | 3 | 1 | 1 | 4 | ||
| 2025Q2 | 7 | 3 | 4 | 1 | 1 | 2 | 1 | |
| 2025Q3 | 6 | 4 | 6 | 3 | 3 | 1 | 2 | 1 |
| 2025Q4 | 7 | 7 | 5 | 3 | 4 | 3 | 3 | |
| 2026Q1 | 2 | 5 | 1 | 5 | 3 | 4 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 1 | 7 | 6 | 7 | 2 |
| Capex Investment | 6 | 3 | 4 | 7 | 5 | |
| Pricing | 2 | 2 | 4 | 6 | 5 | 1 |
| Competitive Dynamics | 3 | 3 | 1 | 3 | 3 | 5 |
| Regulation Policy | 2 | 1 | 3 | 4 | 3 | |
| Capital Allocation | 2 | 1 | 1 | 3 | 4 | |
| Innovation & R&D | 1 | 2 | 2 | 3 | 2 | |
| M&A | 4 | 1 | 1 | 1 |
What NRG and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Our partnership with GE and Kiewit gives us construction capability, equipment access and execution readiness that most companies in the space are still trying to establish.”
NRG's partnership with Kiewit provides construction capability and execution readiness for new gas generation projects.
“Our partnership with GE and Kiewit gives us construction capability, equipment access and execution readiness that most companies in the space are still trying to establish.”
NRG's partnership with GE (Vernova) provides gas turbine equipment access for new generation development, a read-through to GE Vernova's turbine order pipeline.
“On flexible load, we acquired LS Power because it is the leading commercial and industrial demand response business in the country.”
NRG acquired LS Power's portfolio, characterized as the leading C&I demand response business, expanding NRG's flexible-load platform.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
NRG NRG Energy | 7 | +20.0% | |
| VST Vistra Corp. | 8 | +9.1% |