NRG ENERGY, INC.
NRG · Electric Services · 211.0M shares · -4%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $1.0B (gross $1.1B, SBC $101M)
Reference price $127.52 · est. market cap ~$26.9B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Mid-pack integrated power/retail-energy company with strong free cash flow and liquidity but thin margins and declining earnings.
Strengths
- FCF $766M (93rd pct) and strong liquidity (current 1.64, quick 1.58, both 84th pct); ROA at 74th pct
- Revenue growth +9.4% (57th pct) and ample cash (91st pct)
Risks
- Bottom-decile operating (12.9th) and net (16.7th) margins and OCF margin (9.7th) reflect low-margin retail mix
- Net income declined 23% (25.6th pct)
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
6.0%
Net margin
2.8%
Return on assets
3.0%
Revenue growth (QoQ)
32.3%
Net-income growth
-23.2%
Current ratio
1.6×
Free cash flow
$766M
EBITDA
$3.3B
Cash & investments
$4.7B
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Kinney Virginia | Sell | 20K | $127.52 |
| 2026-06-05 | Chung Bruce | Tax withheld | 1.3K | $129.20 |
| 2026-06-05 | Kinney Virginia | Option exercise | 16K | — |
| 2026-06-05 | Chung Bruce | Tax withheld | 12K | $129.20 |
| 2026-06-05 | Kinney Virginia | Option exercise | 1.0K | $129.20 |
| 2026-06-05 | Kinney Virginia | Tax withheld | 6.7K | $129.20 |
| 2026-06-05 | Chung Bruce | Option exercise | 22K | — |
| 2026-06-05 | Chung Bruce | Option exercise | 1.4K | $129.20 |
| 2026-06-05 | Kinney Virginia | Tax withheld | 697 | $129.20 |
| 2026-06-01 | Carter Matthew Jr | Grant | 1.5K | — |
| 2026-06-01 | Carrillo Antonio | Grant | 2.3K | — |
| 2026-06-01 | Wright Glenn Tracy | Grant | 1.4K | — |
| 2026-06-01 | ZLOTNIK MARCIE | Grant | 1.4K | — |
| 2026-06-01 | Pruner Alexandra | Grant | 1.6K | — |
| 2026-06-01 | Pourbaix Alexander J | Grant | 2.6K | — |
| 2026-06-01 | Kapoor Sanjay | Grant | 2.5K | — |
| 2026-06-01 | Donohue Elisabeth B | Grant | 1.5K | — |
| 2026-06-01 | Fawaz Marwan | Grant | 1.4K | — |
| 2026-06-01 | Cox Heather | Grant | 1.4K | — |
| 2026-05-01 | Bentley Brad | Grant | 100 | — |
| 2026-05-01 | Spencer Gerald Alfred | Grant | 13 | — |
| 2026-05-01 | Curci Brian | Grant | 40 | — |
| 2026-05-01 | Kinney Virginia | Grant | 30 | — |
| 2026-05-01 | Liyanearachchi Dak | Grant | 22 | — |
| 2026-05-01 | Carrillo Antonio | Grant | 58 | — |
| 2026-05-01 | Carter Matthew Jr | Grant | 129 | — |
| 2026-05-01 | Cox Heather | Grant | 79 | — |
| 2026-05-01 | Donohue Elisabeth B | Grant | 73 | — |
| 2026-05-01 | Kapoor Sanjay | Grant | 4 | — |
| 2026-05-01 | Pourbaix Alexander J | Grant | 31 | — |
| 2026-05-01 | Pruner Alexandra | Grant | 96 | — |
| 2026-05-01 | ZLOTNIK MARCIE | Grant | 22 | — |
| 2026-05-01 | Chung Bruce | Grant | 57 | — |
| 2026-05-01 | Gaudette Robert J | Grant | 47 | — |
| 2026-03-16 | Kinney Virginia | Sell | 5.0K | $156.65 |
| 2026-03-04 | LS Power Equity Advisors, LLC | Sell | 14.3M | $164.00 |
| 2026-03-04 | LS Power Equity Advisors, LLC | Sell | 1.8M | $164.00 |
| 2026-03-04 | Nanus David | Sell | 14.3M | $164.00 |
| 2026-03-04 | Nanus David | Sell | 1.8M | $164.00 |
| 2026-02-09 | Kapoor Sanjay | Grant | 1.5K | — |
| 2026-02-02 | Bentley Brad | Grant | 103 | — |
| 2026-02-02 | COBEN LAWRENCE S | Grant | 759 | — |
| 2026-02-02 | Curci Brian | Grant | 41 | — |
| 2026-02-02 | Gaudette Robert J | Grant | 49 | — |
| 2026-02-02 | Kinney Virginia | Grant | 31 | — |
| 2026-02-02 | Liyanearachchi Dak | Grant | 22 | — |
| 2026-02-02 | Spencer Gerald Alfred | Grant | 13 | — |
| 2026-02-02 | Abraham Spencer | Grant | 248 | — |
| 2026-02-02 | Pruner Alexandra | Grant | 98 | — |
| 2026-02-02 | Pourbaix Alexander J | Grant | 32 | — |
| 2026-02-02 | Donohue Elisabeth B | Grant | 75 | — |
| 2026-02-02 | Carrillo Antonio | Grant | 60 | — |
| 2026-02-02 | Chung Bruce | Grant | 59 | — |
| 2026-02-02 | ZLOTNIK MARCIE | Grant | 23 | — |
| 2026-02-02 | Carter Matthew Jr | Grant | 133 | — |
| 2026-02-02 | Cox Heather | Grant | 81 | — |
| 2026-01-07 | Chung Bruce | Sell | 7.4K | $158.79 |
| 2026-01-07 | Chung Bruce | Sell | 5.0K | $153.25 |
| 2026-01-06 | Chung Bruce | Sell | 7.6K | $158.79 |
| 2026-01-06 | Gaudette Robert J | Sell | 45K | $158.76 |
| 2026-01-06 | Curci Brian | Sell | 47K | $158.84 |
| 2026-01-05 | Curci Brian | Sell | 61K | $161.71 |
| 2026-01-02 | Gaudette Robert J | Tax withheld | 1.8K | $166.16 |
| 2026-01-02 | Gaudette Robert J | Tax withheld | 3.0K | $166.16 |
| 2026-01-02 | Gaudette Robert J | Tax withheld | 30K | $166.16 |
| 2026-01-02 | Liyanearachchi Dak | Option exercise | 28K | — |
| 2026-01-02 | Liyanearachchi Dak | Grant | 2.3K | — |
| 2026-01-02 | Liyanearachchi Dak | Option exercise | 2.2K | $166.16 |
| 2026-01-02 | Liyanearachchi Dak | Tax withheld | 590 | $166.16 |
| 2026-01-02 | Liyanearachchi Dak | Tax withheld | 726 | $166.16 |
| 2026-01-02 | Liyanearachchi Dak | Tax withheld | 1.2K | $166.16 |
| 2026-01-02 | Liyanearachchi Dak | Tax withheld | 12K | $166.16 |
| 2026-01-02 | Kinney Virginia | Option exercise | 26K | — |
| 2026-01-02 | Kinney Virginia | Grant | 2.6K | — |
| 2026-01-02 | Kinney Virginia | Option exercise | 2.1K | $166.16 |
| 2026-01-02 | Kinney Virginia | Tax withheld | 679 | $166.16 |
| 2026-01-02 | Kinney Virginia | Tax withheld | 765 | $166.16 |
| 2026-01-02 | Kinney Virginia | Tax withheld | 1.2K | $166.16 |
| 2026-01-02 | Kinney Virginia | Tax withheld | 11K | $166.16 |
| 2026-01-02 | Spencer Gerald Alfred | Grant | 1.1K | — |
| 2026-01-02 | Spencer Gerald Alfred | Tax withheld | 265 | $166.16 |
| 2026-01-02 | Spencer Gerald Alfred | Tax withheld | 786 | $166.16 |
| 2026-01-02 | COBEN LAWRENCE S | Grant | 22K | — |
| 2026-01-02 | COBEN LAWRENCE S | Tax withheld | 5.7K | $166.16 |
| 2026-01-02 | Chung Bruce | Option exercise | 64K | — |
| 2026-01-02 | Chung Bruce | Option exercise | 5.1K | $166.16 |
| 2026-01-02 | Chung Bruce | Grant | 4.6K | — |
| 2026-01-02 | Chung Bruce | Tax withheld | 1.6K | $166.16 |
| 2026-01-02 | Chung Bruce | Tax withheld | 2.8K | $166.16 |
| 2026-01-02 | Chung Bruce | Tax withheld | 3.5K | $166.16 |
| 2026-01-02 | Curci Brian | Option exercise | 62K | — |
| 2026-01-02 | Curci Brian | Option exercise | 4.9K | $166.16 |
| 2026-01-02 | Curci Brian | Grant | 3.8K | — |
| 2026-01-02 | Curci Brian | Tax withheld | 1.1K | $166.16 |
| 2026-01-02 | Curci Brian | Tax withheld | 1.8K | $166.16 |
| 2026-01-02 | Curci Brian | Tax withheld | 2.0K | $166.16 |
| 2026-01-02 | Curci Brian | Tax withheld | 28K | $166.16 |
| 2026-01-02 | Chung Bruce | Tax withheld | 35K | $166.16 |
| 2026-01-02 | Bentley Brad | Grant | 4.7K | — |
| 2026-01-02 | Gaudette Robert J | Option exercise | 70K | — |
| 2026-01-02 | Gaudette Robert J | Option exercise | 5.6K | $166.16 |
| 2026-01-02 | Gaudette Robert J | Grant | 4.6K | — |
| 2026-01-02 | Gaudette Robert J | Tax withheld | 1.2K | $166.16 |
| 2025-12-15 | COBEN LAWRENCE S | Tax withheld | 31K | — |
| 2025-11-14 | Kinney Virginia | Sell | 20K | $163.82 |
| 2025-11-03 | Howell Kevin | Grant | 16 | — |
| 2025-11-03 | Spencer Gerald Alfred | Grant | 14 | — |
| 2025-11-03 | Liyanearachchi Dak | Grant | 28 | — |
| 2025-11-03 | Kinney Virginia | Grant | 35 | — |
| 2025-11-03 | Curci Brian | Grant | 57 | — |
| 2025-11-03 | COBEN LAWRENCE S | Grant | 793 | — |
| 2025-11-03 | Chung Bruce | Grant | 74 | — |
| 2025-11-03 | Carrillo Antonio | Grant | 47 | — |
| 2025-11-03 | Cox Heather | Grant | 64 | — |
| 2025-11-03 | Bentley Brad | Grant | 69 | — |
| 2025-11-03 | ZLOTNIK MARCIE | Grant | 18 | — |
| 2025-11-03 | Pruner Alexandra | Grant | 77 | — |
| 2025-11-03 | Gaudette Robert J | Grant | 66 | — |
| 2025-11-03 | Carter Matthew Jr | Grant | 105 | — |
| 2025-11-03 | Pourbaix Alexander J | Grant | 25 | — |
| 2025-11-03 | Donohue Elisabeth B | Grant | 59 | — |
| 2025-11-03 | Abraham Spencer | Grant | 196 | — |
| 2025-10-15 | Liyanearachchi Dak | Tax withheld | 2.8K | $171.33 |
| 2025-10-15 | Kinney Virginia | Tax withheld | 2.5K | $171.33 |
| 2025-09-10 | Liyanearachchi Dak | Sell | 11K | $155.00 |
| 2025-08-25 | Pourbaix Alexander J | Grant | 7.0K | $145.24 |
| 2025-08-04 | Bentley Brad | Grant | 10K | — |
| 2025-08-04 | Bentley Brad | Grant | 17K | — |
| 2025-08-01 | Pruner Alexandra | Grant | 80 | — |
| 2025-08-01 | Pourbaix Alexander J | Grant | 26 | — |
| 2025-08-01 | Howell Kevin | Grant | 17 | — |
| 2025-08-01 | Donohue Elisabeth B | Grant | 61 | — |
| 2025-08-01 | Cox Heather | Grant | 66 | — |
| 2025-08-01 | Curci Brian | Grant | 58 | — |
| 2025-08-01 | Carter Matthew Jr | Grant | 109 | — |
| 2025-08-01 | Carrillo Antonio | Grant | 49 | — |
| 2025-08-01 | Chung Bruce | Grant | 77 | — |
| 2025-08-01 | Abraham Spencer | Grant | 203 | — |
| 2025-08-01 | Gaudette Robert J | Grant | 68 | — |
| 2025-08-01 | COBEN LAWRENCE S | Grant | 823 | — |
| 2025-08-01 | Spencer Gerald Alfred | Grant | 14 | — |
| 2025-08-01 | Liyanearachchi Dak | Grant | 47 | — |
| 2025-08-01 | ZLOTNIK MARCIE | Grant | 18 | — |
| 2025-08-01 | Kinney Virginia | Grant | 52 | — |
| 2025-06-05 | Kinney Virginia | Tax withheld | 686 | $156.03 |
| 2025-06-05 | Chung Bruce | Tax withheld | 1.2K | $156.03 |
| 2025-06-01 | Carrillo Antonio | Grant | 1.3K | — |
| 2025-06-01 | ZLOTNIK MARCIE | Grant | 1.1K | — |
| 2025-06-01 | Pruner Alexandra | Grant | 1.3K | — |
| 2025-06-01 | Pourbaix Alexander J | Grant | 2.1K | — |
| 2025-06-01 | Howell Kevin | Grant | 1.1K | — |
| 2025-06-01 | Fawaz Marwan | Grant | 1.1K | — |
| 2025-06-01 | Donohue Elisabeth B | Grant | 1.2K | — |
| 2025-06-01 | Cox Heather | Grant | 1.1K | — |
| 2025-06-01 | Carter Matthew Jr | Grant | 1.2K | — |
| 2025-06-01 | Abraham Spencer | Grant | 1.1K | — |
| 2025-05-30 | Howell Kevin | Sell | 50K | $154.50 |
| 2025-05-16 | Patel Rasesh M. | Tax withheld | 24K | $159.20 |
| 2025-05-01 | Spencer Gerald Alfred | Grant | 21 | — |
| 2025-05-01 | ZLOTNIK MARCIE | Grant | 23 | — |
| 2025-05-01 | Pruner Alexandra | Grant | 113 | — |
| 2025-05-01 | Pourbaix Alexander J | Grant | 30 | — |
| 2025-05-01 | Howell Kevin | Grant | 20 | — |
| 2025-05-01 | Donohue Elisabeth B | Grant | 85 | — |
| 2025-05-01 | Cox Heather | Grant | 93 | — |
| 2025-05-01 | Carter Matthew Jr | Grant | 154 | — |
| 2025-05-01 | Patel Rasesh M. | Grant | 131 | — |
| 2025-05-01 | Liyanearachchi Dak | Grant | 69 | — |
| 2025-05-01 | Kinney Virginia | Grant | 83 | — |
| 2025-05-01 | Gaudette Robert J | Grant | 99 | — |
| 2025-05-01 | Curci Brian | Grant | 86 | — |
| 2025-05-01 | Chung Bruce | Grant | 122 | — |
| 2025-05-01 | Abraham Spencer | Grant | 293 | — |
| 2025-05-01 | COBEN LAWRENCE S | Grant | 1.2K | — |
| 2025-05-01 | Carrillo Antonio | Grant | 72 | — |
| 2025-03-31 | Patel Rasesh M. | Tax withheld | 4.0K | $95.46 |
| 2025-02-03 | Pourbaix Alexander J | Grant | 33 | — |
| 2025-02-03 | ZLOTNIK MARCIE | Grant | 25 | — |
| 2025-02-03 | Spencer Gerald Alfred | Grant | 24 | — |
| 2025-02-03 | Pruner Alexandra | Grant | 125 | — |
| 2025-02-03 | Patel Rasesh M. | Grant | 189 | — |
| 2025-02-03 | Liyanearachchi Dak | Grant | 77 | — |
| 2025-02-03 | Kinney Virginia | Grant | 92 | — |
| 2025-02-03 | Howell Kevin | Grant | 23 | — |
| 2025-02-03 | Gaudette Robert J | Grant | 110 | — |
| 2025-02-03 | Donohue Elisabeth B | Grant | 95 | — |
| 2025-02-03 | Curci Brian | Grant | 95 | — |
| 2025-02-03 | Cox Heather | Grant | 103 | — |
| 2025-02-03 | COBEN LAWRENCE S | Grant | 1.3K | — |
| 2025-02-03 | Chung Bruce | Grant | 135 | — |
| 2025-02-03 | Carter Matthew Jr | Grant | 171 | — |
| 2025-02-03 | Carrillo Antonio | Grant | 79 | — |
| 2025-02-03 | Abraham Spencer | Grant | 324 | — |
| 2025-01-13 | Chung Bruce | Sell | 20K | $97.63 |
| 2025-01-02 | Spencer Gerald Alfred | Grant | 2.0K | — |
| 2025-01-02 | Spencer Gerald Alfred | Tax withheld | 176 | $92.75 |
| 2025-01-02 | Spencer Gerald Alfred | Tax withheld | 366 | $92.75 |
| 2025-01-02 | Patel Rasesh M. | Grant | 11K | — |
| 2025-01-02 | Patel Rasesh M. | Tax withheld | 1.7K | $92.75 |
| 2025-01-02 | COBEN LAWRENCE S | Grant | 43K | — |
| 2025-01-02 | Liyanearachchi Dak | Option exercise | 17K | — |
| 2025-01-02 | Liyanearachchi Dak | Grant | 4.4K | — |
| 2025-01-02 | Liyanearachchi Dak | Option exercise | 1.8K | $92.75 |
| 2025-01-02 | Liyanearachchi Dak | Tax withheld | 443 | $92.75 |
| 2025-01-02 | Liyanearachchi Dak | Tax withheld | 615 | $92.75 |
| 2025-01-02 | Liyanearachchi Dak | Tax withheld | 721 | $92.75 |
| 2025-01-02 | Liyanearachchi Dak | Tax withheld | 7.0K | $92.75 |
| 2025-01-02 | Kinney Virginia | Option exercise | 16K | — |
| 2025-01-02 | Kinney Virginia | Grant | 5.1K | — |
| 2025-01-02 | Kinney Virginia | Option exercise | 1.7K | $92.75 |
| 2025-01-02 | Kinney Virginia | Tax withheld | 468 | $92.75 |
| 2025-01-02 | Kinney Virginia | Tax withheld | 581 | $92.75 |
| 2025-01-02 | Kinney Virginia | Tax withheld | 688 | $92.75 |
| 2025-01-02 | Kinney Virginia | Tax withheld | 6.5K | $92.75 |
| 2025-01-02 | Gaudette Robert J | Option exercise | 22K | — |
| 2025-01-02 | Gaudette Robert J | Grant | 9.0K | — |
| 2025-01-02 | Gaudette Robert J | Option exercise | 2.3K | $92.75 |
| 2025-01-02 | Gaudette Robert J | Tax withheld | 744 | $92.75 |
| 2025-01-02 | Gaudette Robert J | Tax withheld | 1.7K | $92.75 |
| 2025-01-02 | Gaudette Robert J | Tax withheld | 1.8K | $92.75 |
| 2025-01-02 | Gaudette Robert J | Tax withheld | 9.5K | $92.75 |
| 2025-01-02 | Gaudette Robert J | Sell | 60K | $91.41 |
| 2025-01-02 | Chung Bruce | Option exercise | 20K | — |
| 2025-01-02 | Chung Bruce | Grant | 9.0K | — |
| 2025-01-02 | Chung Bruce | Option exercise | 2.1K | $92.75 |
| 2025-01-02 | Chung Bruce | Tax withheld | 920 | $92.75 |
| 2025-01-02 | Chung Bruce | Tax withheld | 2.4K | $92.75 |
| 2025-01-02 | Chung Bruce | Tax withheld | 2.5K | $92.75 |
| 2025-01-02 | Chung Bruce | Tax withheld | 11K | $92.75 |
| 2025-01-02 | Curci Brian | Option exercise | 29K | — |
| 2025-01-02 | Curci Brian | Grant | 7.5K | — |
| 2025-01-02 | Curci Brian | Option exercise | 3.0K | $92.75 |
| 2025-01-02 | Curci Brian | Tax withheld | 1.1K | $92.75 |
| 2025-01-02 | Curci Brian | Tax withheld | 1.6K | $92.75 |
| 2025-01-02 | Curci Brian | Tax withheld | 1.8K | $92.75 |
| 2025-01-02 | Curci Brian | Tax withheld | 14K | $92.75 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-21 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-05-01 | Shareholder vote | filing ↗ |
| 2026-04-30 | Exec/director changeExhibits | filing ↗ |
| 2026-04-28 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2026-04-14 | Reg FDExhibits | filing ↗ |
| 2026-04-07 | Exec/director change | filing ↗ |
| 2026-03-04 | Material agreementOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-21 | 2026-05-21 | 0001104659-26-064884 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001013871-26-000010 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001013871-26-000012 ↗ |
| 8-K | 2026-05-01 | 2026-04-30 | 0001104659-26-053755 ↗ |
| 8-K/A | 2026-04-30 | 2026-01-06 | 0001104659-26-052882 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001104659-26-050486 ↗ |
| 8-K | 2026-04-14 | 2026-04-14 | 0001104659-26-043327 ↗ |
| 8-K | 2026-04-07 | 2026-04-02 | 0001104659-26-040368 ↗ |
| 8-K | 2026-03-04 | 2026-02-27 | 0001104659-26-023570 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001104659-26-022295 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0001013871-26-000004 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001013871-26-000002 ↗ |