Full-Time
Electricity generation and retail energy services
No salary listed
Houston, TX, USA
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NRG Energy is a U.S.-based energy company that generates, sells, and distributes electricity and related services. It runs a large portfolio of power plants that use natural gas, coal, oil, nuclear, and growing amounts of solar and wind. The company operates in two main areas: electricity generation (selling to wholesale markets) and retail electricity sales (selling directly to end users with plans like fixed-rate and variable-rate electricity and services such as HVAC repair). Unlike many peers, NRG blends multiple fuel sources and maintains an integrated model that covers both generation and retail, helping hedge against wholesale price swings. Its reach spans millions of customers across the United States and parts of Canada, under multiple brand names and a range of offerings. The company aims to provide dependable energy to a broad customer base while adapting to evolving market conditions and regulatory environments using a diversified generation mix and product set.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Princeton, New Jersey
Founded
1989
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Holidays
Unlimited Paid Time Off
Hybrid Work Options
Employee Discounts
Wellness Program
Houston charges poor families $5 more a month for garbage - Then hands NRG tens of millions in tax breaks. August 19, 2026 Whether it is Donald Trump, Greg Abbott, or John Whitmire, the cycle of taking money from the poor to hand it to the rich never stops. NRG Energy's new Greens Bayou power plant is expected to create about 14 permanent full-time jobs. To help make that happen, NRG is receiving or pursuing a public-support package that touches roughly $419 million: up to $370 million in a low-interest state loan, about $21.1 million in Galena Park ISD tax savings, a proposed $11.28 million City of Houston tax abatement, and an estimated $16.7 million in value from a state completion-bonus grant. (Texas.gov) That does not mean taxpayers are handing NRG a $419 million check. The $370 million is a loan that NRG must repay. But it is no ordinary commercial loan. The Texas Energy Fund is lending the company up to 60% of the plant's cost for 20 years at a fixed 3% interest rate. NRG itself estimated that favorable financing would be worth about $90.6 million in present-value savings. (Texas.gov) Meanwhile, ordinary Houston homeowners have just begun paying a new $5 monthly garbage fee because City Hall says it needs more money to maintain reliable trash collection and balance its finances. The fee was approved as part of Mayor John Whitmire's $7.5 billion budget. (City of Houston) Houston Controller Chris Hollins put the problem plainly during the budget fight: the $5 fee, he argued, would fall hardest on poor residents while the city continued subsidizing people with far more money. (KPRC) Now City Council is preparing to consider another corporate tax break. The project, called Greens Bayou 6 or "Project Moonshot," would add a 455-megawatt natural-gas generating unit at NRG's existing Greens Bayou complex. Houston's own presentation estimates about 250 construction jobs at the peak of construction. When construction is over, however, the new plant is expected to employ only about 14 new full-time workers. (City of Houston) The plant itself is substantial. Recent state estimates put its total cost at as much as $617 million, and it is scheduled to begin generating electricity in 2028. (Texas.gov) The public incentives are substantial too. $370 million from the state. Texas voters created the Texas Energy Fund after Winter Storm Uri to encourage construction of new dispatchable power plants. Under that program, the Public Utility Commission agreed to provide NRG with a 20-year loan of up to $370 million at 3% interest, covering as much as 60% of the Greens Bayou project cost. (Texas.gov) NRG calculated the economic value of that below-market financing at approximately $90.6 million in present-value savings. (City of Houston) There is also a Texas Energy Fund completion bonus tied to how quickly the plant begins operating. NRG estimated the present value of that potential grant at about $16.7 million. (City of Houston) Galena Park ISD gives up $21 million. Then there is the school district. NRG received an agreement under Texas' Jobs, Energy, Technology and Innovation Act - JETI - limiting the taxable value of the project for Galena Park ISD's maintenance-and-operations taxes. The Texas Comptroller calculates that without the limitation, NRG would owe approximately $61.6 million in school M&O taxes over the relevant period. With the limitation, it is projected to pay about $40.5 million. The difference - NRG's estimated gross school-tax benefit - is $21,144,185. (Texas Comptroller of Public Accounts) There is another unusual detail. The JETI program normally contains job requirements for subsidized projects. But Texas law specifically exempts qualifying electric-generation facilities from the minimum-job requirement. The Comptroller's own paperwork lists NRG's required number of jobs as "N/A." (Texas Comptroller of Public Accounts) So Galena Park ISD can give a $21 million tax break to a project creating 14 permanent jobs without running afoul of the state program. Now Houston is asked for another $11.3 million. NRG is also asking the City of Houston to abate approximately $11,281,651 in city property taxes over ten years. The first-year abatement is estimated at about $1.07 million, with an average annual abatement of about $1.13 million. (City of Houston) Measured solely against the 14 permanent jobs, Houston's proposed tax break comes to roughly: $806,000 in city tax relief for each permanent job. Again, that is not literally what Houston is paying per employee. NRG and the city argue that the plant provides benefits beyond employment, particularly more electric generating capacity and greater grid reliability. But job creation is explicitly one of the purposes listed in Houston's economic-development tax-abatement program. (City of Houston) And this project requires Houston to bend some of its own rules. NRG wants two rules waived. Houston's tax-abatement ordinance normally excludes improvements used to generate electricity that will not be consumed by the facility itself. That is obviously a problem for a commercial power plant whose purpose is to generate electricity and sell it onto the grid. So NRG is asking Houston for a variance making that normally ineligible property eligible for the tax break. (City of Houston) There is another rule. Because Greens Bayou sits inside an enterprise zone, Houston's ordinance ordinarily requires a qualifying project to create at least five permanent jobs for people who either live in the enterprise zone or are economically disadvantaged. NRG is asking Houston to waive that requirement too. (City of Houston) That is striking when the entire project is expected to create only 14 permanent jobs. Houston is not merely being asked to subsidize the plant. It is being asked to waive a rule intended to make sure economically disadvantaged Houstonians receive at least some of the employment benefit. Meanwhile, Houston wants $5 from everybody else. Only weeks ago, Houston City Council approved its first monthly residential garbage fee. Single-family households are being charged $5 a month, generally through their water bills. City officials say the money will provide dedicated funding for garbage and recycling collection and improve reliability. (City of Houston) That is $60 a year. Five dollars does not mean much to NRG. It can mean something to a family choosing between groceries, medicine, electricity and gasoline. City Council recognized that problem after approving the fee. It subsequently expanded Houston's donation-funded WATER assistance program so low-income residents, seniors and people with disabilities can request help paying it. More than one-fifth of Houstonians live below the poverty line, according to figures cited when the relief ordinance was adopted. (Community Impact Newspaper) Think about the contrast. Houston says it needs $5 more every month from homeowners because providing basic city services costs money. At the same time, Houston is considering allowing one corporation to keep $11.3 million in city property taxes. And that $11.3 million is only one layer. Add the Galena Park ISD tax break and local property-tax relief reaches about $32.4 million. Add the estimated value of the completion bonus, and it approaches $49 million. Then there is the state's $370 million low-interest loan, whose favorable terms NRG itself valued at another $90.6 million. (Texas Comptroller of Public Accounts) All for a project expected to leave behind 14 permanent jobs. NRG has an answer. There is a legitimate argument on the other side. The company is not presenting Greens Bayou primarily as a jobs project. It is presenting it as an electricity project. Houston and Texas are consuming more power. Extreme weather puts additional pressure on the grid. Intermittent renewable generation sometimes needs fast-start natural-gas generation behind it. And huge new electricity users - particularly data centers and artificial-intelligence infrastructure - are driving forecasts of dramatically higher power demand. Houston's own economic-development presentation cites those factors in support of Greens Bayou. (City of Houston) NRG says the plant will provide controllable generation during periods of high demand, strengthen grid reliability and produce tax revenue for decades. Those are real public-policy considerations. But they do not eliminate another public-policy question: How much public subsidy does a $617 million energy company project actually need? And if Houston can afford to surrender $11.3 million in taxes from NRG, why was another $5 a month from Houston families so essential? The hearing is wednesday. Houston City Council scheduled a public hearing on the proposed NRG tax-abatement agreement for 9 a.m. Wednesday, August 12. (City of Houston) Council members should ask more than whether Houston needs another power plant. They should ask what taxpayers are buying. Fourteen permanent jobs. A $370 million subsidized loan. More than $21 million in school-tax relief. Another $11.3 million proposed city tax break. A potential state completion bonus. And waivers from Houston requirements intended to ensure that some of the benefits reach economically disadvantaged residents. Houston apparently has no problem finding millions when a corporation comes to City Hall with a development project. For everybody else, City Hall found five dollars in their garbage bill.
NRG Energy details $3.2B Texas data center power project. Date Published 08/05/2026 In Houston, NRG Energy has disclosed more details about a $3.2 billion power project tied to data center growth in Texas. The announcement matters locally because NRG is based in Houston and the project marks the company's first data center power initiative in its home state. NRG said the development is designed to serve rising electricity demand from large-scale data centers. That demand has become a major issue across Texas as developers and utilities plan for new facilities that require large amounts of reliable power around the clock. For Houston, the project adds another example of local energy companies shifting toward infrastructure that supports artificial intelligence, cloud computing, and other digital services. NRG Energy data center power project enters Texas market. The company framed the project as a major investment in generation and power infrastructure. The reported value is $3.2 billion. Based on the source report, this is NRG's first data center power project in Texas, a notable step for a company long tied to the state's electricity market. Data centers have become one of the fastest-growing sources of new power demand in the United States. Texas has drawn much of that activity because of its available land, business climate, and access to energy resources. NRG's move places a Houston-based energy company more directly in that buildout, where power supply has become a central factor in site selection and project timing. Why the Houston-based company's move stands out. NRG is one of the better-known energy names headquartered in Houston, and its decision to provide more detail on this project signals the scale of the opportunity it sees in the data center market. The source report indicates the company is moving beyond general interest and into a large capital commitment tied to Texas growth. That matters for several reasons. Data center operators need dependable generation, and grid planners have warned that new demand is arriving quickly. Energy providers that can pair generation with long-term customers may gain a stronger foothold in a fast-moving market. For Houston's business community, the project also reflects how the region's traditional power and energy expertise is connecting with newer technology-driven development. Project details add to broader Texas expansion story. The source article reported that NRG revealed details of the plan, though publicly available information remains limited in the summary. What is clear is the project's size, its Texas location, and its importance as the company's first effort of this kind in the state. Those facts alone place it among the larger power-related announcements tied to data center expansion. More specifics on timing, location, and buildout phases may emerge as the project advances. For now, the announcement puts Houston-based NRG at the center of one of Texas' biggest infrastructure questions: how to supply the next wave of data centers with enough power to operate at scale.
NRG Energy Q2 earnings call highlights. August 5, 2026 Key points. * NRG reported strong Q2 results, with adjusted EBITDA up 34% year over year to $1.2 billion and free cash flow before growth reaching $1.025 billion. Growth was driven by the LS Power acquisition, higher PJM capacity values and Smart Home expansion, despite weaker Texas performance. * NRG plans to develop a 1.2-GW Texas natural-gas plant for an unnamed hyperscaler, targeting late 2029 operations. The $3.2 billion project is expected to generate at least $500 million in annual adjusted EBITDA and benefit from capacity payments covering 95% of projected free cash flow. * The project will shift some 2026 capital away from liability reduction, delaying NRG's 3-times net-leverage target from 2028 to 2029, but the company maintained plans for at least $1 billion in share repurchases and $407 million in dividends. NRG also reaffirmed its 2026 guidance, while noting results are tracking below the midpoint. * MarketBeat previews top five stocks to own in September. NRG Energy NYSE: NRG reported second-quarter 2026 adjusted EBITDA of $1.2 billion, up 34% from a year earlier, while outlining plans for a 1.2-gigawatt Texas power plant intended to support a cloud and artificial intelligence hyperscaler's data center load. President and Chief Executive Officer Robert Gaudette said NRG is aligned on principal commercial terms with the unnamed investment-grade customer. The project remains subject to negotiations, land-related matters and customary internal approvals, but the customer has made a financial commitment to advance development, according to the company. The proposed combined-cycle natural gas plant would be developed, owned and operated by NRG. It is planned to serve a 1-gigawatt data center load and could eventually expand the customer relationship to as much as 2.4 GW. Commercial operation for the initial 1.2-GW facility is targeted for late 2029. Capacity-Payment structure supports proposed Texas project. Gaudette described the arrangement as NRG's first "bring your own power" project, or BYOP, a model under which new power demand is paired with new generation supported by the customer. He said the facility is designed to add more generation to Texas than the data center is expected to require. Under the contemplated structure, NRG would receive capacity payments intended to recover its invested capital and provide its targeted return, while separate payments would recover fuel and operating costs. The company said 95% of the project's free cash flow would be supported by capacity payments independent of the data center's utilization rate. "We're paid for the megawatts we build and make available, not for how much the data center runs," Gaudette said. The customer's obligations would be backed by an investment-grade parent guarantee. NRG expects the 1.2-GW project to require $3.2 billion of investment, or about $2,700 per kilowatt. At full operation, management expects at least $500 million of annual adjusted EBITDA and approximately $375 million of annual free cash flow before growth. Chief Financial Officer Bruce Chung said the anticipated pre-tax unlevered internal rate of return is within NRG's 12% to 15% target range, implying an approximately 6-times build multiple at projected run-rate EBITDA. The initial agreement would have a term of at least 15 years from commercial operation, with potential extensions. Chung said capacity payments would begin immediately upon commercial operation rather than ramping as the data center increases usage. NRG has secured 5.4 GW of turbine and engineering, procurement and construction capacity through 2032 via GE Vernova and Kiewit. Gaudette said the company's development pipeline exceeds twice that capacity, with each turbine slot tied to active customer discussions. The company also cited roughly 2 GW of upgrade opportunities across its PJM fleet. Capital plan shifts funds toward new build. NRG updated its 2026 capital allocation plan to include $721 million of expected spending on the Texas new-build project. Of that amount, $40 million was reclassified from plant and other investments, while $681 million represents incremental spending funded by reducing planned liability management. The revised approach means less net debt reduction in 2026 than previously planned, but management said its shareholder-return plans remain unchanged. NRG continues to expect at least $1 billion of annual share repurchases and $407 million in common dividends for 2026. During the first half, the company repurchased $921 million of shares and paid $202 million in dividends. NRG expects cumulative project investment of about $800 million through the end of 2026, including prior reservation payments, followed by $1 billion in 2027, $1.1 billion in 2028 and $300 million in 2029. About 60% of total investment relates to EPC costs, with the remainder allocated to turbine equipment and other project costs. Chung said NRG's base case is to fund the project through operating cash flow and balance-sheet capacity. Under that approach, reaching the company's 3-times net leverage target would shift from 2028 to 2029. The company may also consider financial partners to improve capital efficiency, though no such arrangement has been announced. Second-Quarter results reflect acquired assets, Texas weakness. Adjusted EBITDA rose $308 million year over year, driven primarily by the portfolio acquired from LS Power, higher PJM capacity values and Smart Home growth. Adjusted net income fell to $315 million from $339 million, while adjusted earnings per share declined to $1.49 from $1.73, as acquisition-related interest expense and depreciation and amortization offset EBITDA growth. * Free cash flow before growth was $1.025 billion, up $111 million from the prior-year quarter. * Texas adjusted EBITDA declined $131 million, reflecting lower load and power prices. * East adjusted EBITDA increased $370 million, primarily due to the LS Power portfolio acquisition. * West adjusted EBITDA increased $27 million, aided by lower operating expenses after a facility lease expired last year. * Smart Home adjusted EBITDA increased $42 million; customer count reached 2.45 million, up 8% year over year. In Texas, ERCOT Houston around-the-clock prices averaged $33 per megawatt-hour during the quarter, down 8% from a year earlier and below NRG's $52 planning assumption for 2026. Lower prices and limited volatility reduced generation dispatch and portfolio optimization opportunities, Chung said. In the East, legacy hedges associated with the acquired assets limited NRG's ability to fully capture higher PJM power prices. The company also cited higher retail supply costs and an estimated $70 million of incremental 2026 costs associated with Virginia's return to the Regional Greenhouse Gas Initiative, affecting 1.2 GW of acquired Virginia assets. Guidance reaffirmed. NRG reaffirmed its 2026 guidance ranges, although Chung said first-half results indicate performance is tracking below the midpoint. He said the company has limited unhedged exposure for the remainder of the year and does not depend on a material recovery in commodity prices to remain within its guidance ranges. Management said the proposed Texas project is not included in NRG's previously issued long-term framework, which calls for adjusted EPS compound annual growth of more than 14% through 2030 from the base business. Gaudette said the company intends to maintain its return thresholds and credit protections as it evaluates additional large-load generation projects. About NRG Energy (NYSE:NRG). NRG Energy NYSE: NRG is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability. NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider NRG Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NRG Energy wasn't on the list. While NRG Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. 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NRG Energy (NYSE:NRG) hits new 52-week low on disappointing earnings. August 5, 2026 Key points. * NRG Energy shares plunged 15.7% to a new 52-week low after adjusted quarterly EPS of $1.49 missed estimates of approximately $1.66-$1.69 and declined year over year, despite revenue rising 11% to $7.48 billion. * The company reaffirmed fiscal 2026 adjusted EPS guidance of $7.90-$9.90 and reported strong operating cash flow and free cash flow, while outlining a 1.2-gigawatt Texas project expected to generate about $500 million in annual adjusted EBITDA once operational. * NRG maintained its quarterly dividend at $0.475 per share, representing a 1.6% yield, but its payout ratio remains high at 223.53%; analysts nonetheless retain a "Moderate Buy" consensus with an average price target of $201.79. * Interested in NRG Energy? Here are five stocks we like better. NRG Energy, Inc. (NYSE:NRG - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $112.50 and last traded at $116.7310, with a volume of 13649061 shares. The stock had previously closed at $138.47. The utilities provider reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by ($0.20). The firm had revenue of $7.48 billion for the quarter, compared to analysts' expectations of $7.31 billion. NRG Energy had a return on equity of 70.67% and a net margin of 0.74%.The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business earned $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. NRG Energy dividend announcement. The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 3rd. NRG Energy's dividend payout ratio (DPR) is presently 223.53%. More NRG Energy news. Here are the key news stories impacting NRG Energy this week: * Positive Sentiment: NRG outlined a 1.2-gigawatt Texas build-own-operate project targeting approximately $500 million in annual adjusted EBITDA once operational, with commercial operation expected in late 2029. The project provides a potentially significant long-term earnings catalyst, although returns depend on construction, financing and execution. NRG outlines 1.2 GW Texas BYOP project * Positive Sentiment: Second-quarter revenue increased 11% year over year to exceed expectations. NRG also reported $1.12 billion of operating cash flow, $1.03 billion of free cash flow before growth investments and $1.22 billion of adjusted EBITDA, supporting shareholder returns and future investment. NRG Energy Reports Second Quarter 2026 Results * Neutral Sentiment: NRG reaffirmed its fiscal 2026 adjusted EPS guidance of $7.90 to $9.90. While maintaining the forecast reduces the risk of a formal earnings downgrade, the range's midpoint remains below some analysts' expectations, limiting its positive impact. NRG Energy Q2 Adjusted Earnings Fall * Negative Sentiment: Adjusted EPS was $1.49, below estimates near $1.66-$1.69 and down from $1.73-$1.68 a year earlier. Analysts attributed the shortfall in part to higher interest costs, while the company's high leverage increases sensitivity to financing expenses. NRG Energy misses quarterly profit estimates Wall Street analyst weigh in. Several research analysts have recently commented on the stock. Siebert Williams Shank began coverage on shares of NRG Energy in a research note on Monday, July 6th. They set a "buy" rating and a $184.00 price target on the stock. Raymond James Financial set a $210.00 price objective on shares of NRG Energy in a research note on Monday, April 27th. Weiss Ratings cut shares of NRG Energy from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. Wells Fargo & Company increased their target price on shares of NRG Energy from $203.00 to $209.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Finally, Morgan Stanley set a $165.00 target price on NRG Energy in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.79. Discover more Books & Literature Options Profit Calculator Insider activity. In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $127.52, for a total transaction of $2,550,400.00. Following the completion of the transaction, the vice president owned 45,111 shares of the company's stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company's stock. Institutional investors weigh in on NRG Energy. Several hedge funds have recently modified their holdings of NRG. Motiv8 Investments LLC acquired a new stake in NRG Energy during the fourth quarter worth about $27,000. MV Capital Management Inc. acquired a new position in NRG Energy during the fourth quarter worth $27,000. Core Wealth Advisors LLC bought a new position in shares of NRG Energy during the fourth quarter valued at $28,000. EMC Capital Management acquired a new stake in shares of NRG Energy in the 4th quarter valued at $30,000. Finally, SHP Wealth Management bought a new stake in shares of NRG Energy in the 4th quarter worth about $32,000. 97.72% of the stock is owned by institutional investors. NRG Energy trading down 15.7%. The firm has a market cap of $24.63 billion, a P/E ratio of 137.33 and a beta of 1.22. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The company's fifty day moving average price is $135.17 and its two-hundred day moving average price is $147.75. About NRG Energy. NRG Energy NYSE: NRG is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability. NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider NRG Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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NRG Energy reported second quarter 2026 financial results, with GAAP net income of $506 million and earnings per share of $2.32. The company reaffirmed its 2026 guidance ranges. NRG achieved commercial operations at its 415 MW T.H. Wharton facility, marking its first new build generation asset in nearly a decade. The company is advancing its Bring Your Own Power strategy with a hyperscaler for 1.2 GW combined cycle gas turbine in Texas. President and CEO Robert Gaudette said the Bring Your Own Power data centre model ensures customer support for investment whilst protecting reliability and affordability. The company reported adjusted EBITDA of $1,217 million and free cash flow before growth investments of $1,025 million for the quarter. NRG's second quarter results showed a $610 million increase in GAAP net income compared to the prior year, driven by acquired assets and higher capacity prices.