Full-Time
Electricity generation and retail energy services
No salary listed
Arlington, TN, USA
In Person
Bachelor's
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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
NRG Energy reported second-quarter 2026 adjusted earnings of $1.49 per share, missing the Zacks Consensus Estimate of $1.66 by 10.2%. The bottom line declined 11.3% year-over-year from $1.68 per share. Total revenues reached $7.48 billion, beating estimates of $5.89 billion by 27% and increasing 11% from the prior-year quarter. Adjusted EBITDA rose 33.9% to $1.22 billion. Shares have lost approximately 8% in the month following the earnings report, underperforming the S&P 500. NRG advanced its Texas expansion plans, partnering with a cloud and AI hyperscaler to develop a 1.2-gigawatt combined-cycle natural gas generation facility. The company achieved commercial operations at the 415-megawatt T.H. Wharton facility. Through July 31, 2026, NRG completed $932 million in share repurchases and distributed $202 million in dividends.
NRG Energy, through affiliate NRG Business Marketing, filed a limited protest with the Federal Energy Regulatory Commission challenging two elements of PJM Interconnection's proposed Reliability Backstop Procurement for capacity shortfalls in the 2027/2028 and 2028/2029 delivery years. NRG argues that PJM's proposed soft cap and price-taker requirement could misalign with current resource costs and distort future market pricing. The filing comes as NRG pursues its acquisition of LS Power, which would add 13 gigawatts of quick-start gas generation and 6 gigawatts of virtual power plant capacity in markets including PJM and ERCOT. The protest underscores NRG's focus on reliability and capacity markets as future EBITDA drivers. NRG's narrative projects $38.1 billion revenue and $2.6 billion earnings by 2029, requiring 5.6% yearly revenue growth.
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 (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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