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Nrg Energy, Inc.. (NRG) Fundamental Analysis & AI Grade 2026

NRG NYSE Electric Services DE CIK: 0001013871
Update Pending • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
84% Confidence
AGREEMENT
C
85% Conf
B
82% Conf

📊 NRG Key Takeaways

Revenue: $10.3B
Net Margin: 1.2%
Free Cash Flow: $-486.0M
Current Ratio: 0.84x
Debt/Equity: 4.76x
EPS: $0.52
AI Grade: C with 85% confidence
Nrg Energy, Inc.. (NRG) receives a C fundamental grade with 84% confidence from our AI analysis based on SEC 10-K filings. With revenue of $10.3B, net profit margin of 1.2%, and return on equity (ROE) of 2.6%, Nrg Energy, Inc.. demonstrates mixed fundamentals in the Utilities sector. Below is our complete NRG stock analysis for 2026.

Is Nrg Energy, Inc.. (NRG) a Good Investment?

Claude

NRG Energy exhibits severe financial stress marked by negative operating cash flow (-$169M) and negative free cash flow (-$486M), indicating the core business is not self-sustaining despite $10.3B in revenue. Extremely high leverage (4.76x debt-to-equity) combined with liquidity ratios below 1.0 (current ratio 0.84x) creates meaningful solvency risk, while razor-thin profit margins (1.2% net margin) and minimal capital returns (2.6% ROE, 0.3% ROA) demonstrate fundamental profitability challenges.

ChatGPT

NRG Energy shows stable but low-margin profitability, with modest revenue growth and improving net income supported by solid operating cash flow. Financial health is mixed: liquidity and interest coverage are acceptable, but leverage is very high and the small equity base makes balance sheet risk meaningful. Overall, the fundamentals support resilience rather than a clearly strong growth-quality profile.

Nrg Energy, Inc.. Key Strengths (NRG)

Claude
  • + Positive net income growth of 8.4% year-over-year showing operational improvement trajectory
  • + Large established asset base ($40.1B) and scale in essential infrastructure sector
  • + Interest coverage ratio of 2.2x maintained above 1.0, providing some debt service cushion
ChatGPT
  • + Positive YoY revenue and net income growth indicate underlying earnings stability
  • + Operating cash flow remains solid and supports positive free cash flow after capital spending
  • + Liquidity is healthy and interest coverage suggests current debt servicing capacity is manageable

NRG Stock Risks: Nrg Energy, Inc.. Investment Risks

Claude
  • ! Negative operating cash flow (-$169M) indicates core business is not generating operating cash; unsustainable long-term
  • ! Critical liquidity crisis indicators: current ratio 0.84x and quick ratio 0.78x both below 1.0, threatening ability to meet short-term obligations
  • ! Excessive leverage at 4.76x debt-to-equity with $23.2B long-term debt; limited capacity to weather market downturns or refinancing challenges
  • ! Extremely low profitability: 1.2% net margin and minimal capital returns (ROE 2.6%, ROA 0.3%) provide minimal buffer for distress
ChatGPT
  • ! Debt load is heavy, with very high debt-to-equity and a thin equity cushion
  • ! Profit margins are narrow, limiting flexibility if costs rise or demand weakens
  • ! Diluted EPS declined despite net income growth, which raises questions about earnings quality per share

Key Metrics to Watch

Claude
  • * Operating cash flow trend - must return to positive to validate business sustainability
  • * Debt-to-equity ratio movement - any further increase signals accelerating financial distress
  • * Current ratio trajectory - critical if it falls below 0.80 or improves toward 1.0+
  • * Interest coverage ratio - monitor for deterioration below 2.0x as early warning sign
  • * Free cash flow generation - path to positive FCF is essential for long-term viability
ChatGPT
  • * Free cash flow and FCF margin
  • * Leverage reduction through debt balances relative to equity and cash flow

Nrg Energy, Inc.. (NRG) Financial Metrics & Key Ratios

Revenue
$10.3B
Net Income
$125.0M
EPS (Diluted)
$0.52
Free Cash Flow
$-486.0M
Total Assets
$40.1B
Cash Position
$178.0M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

NRG Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 3.2%
Net Margin 1.2%
ROE 2.6%
ROA 0.3%
FCF Margin -4.7%

NRG vs Utilities Sector: How Nrg Energy, Inc.. Compares

How Nrg Energy, Inc.. compares to Utilities sector averages

Net Margin
NRG 1.2%
vs
Sector Avg 12.0%
NRG Sector
ROE
NRG 2.6%
vs
Sector Avg 10.0%
NRG Sector
Current Ratio
NRG 0.8x
vs
Sector Avg 0.8x
NRG Sector
Debt/Equity
NRG 4.8x
vs
Sector Avg 1.4x
NRG Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Nrg Energy, Inc.. Stock Overvalued? NRG Valuation Analysis 2026

Based on fundamental analysis, Nrg Energy, Inc.. shows some fundamental concerns relative to the Utilities sector in 2026.

Return on Equity
2.6%
Sector avg: 10%
Net Profit Margin
1.2%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
4.76x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Nrg Energy, Inc.. Balance Sheet: NRG Debt, Cash & Liquidity

Current Ratio
0.84x
Quick Ratio
0.78x
Debt/Equity
4.76x
Debt/Assets
87.8%
Interest Coverage
2.16x
Long-term Debt
$23.2B

NRG Revenue & Earnings Growth: 5-Year Financial Trend

NRG 5-year financial data: Year 2021: Revenue $26.8B, Net Income $4.4B, EPS $16.81. Year 2022: Revenue $31.5B, Net Income $510.0M, EPS $2.07. Year 2023: Revenue $31.5B, Net Income $2.2B, EPS $8.93. Year 2024: Revenue $31.5B, Net Income $1.2B, EPS $5.17. Year 2025: Revenue $30.3B, Net Income -$202.0M, EPS $-1.12.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Nrg Energy, Inc..'s revenue has grown significantly by 13% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.12 indicates the company is currently unprofitable.

NRG Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-4.7%
Free cash flow / Revenue

NRG Quarterly Earnings & Performance

Quarterly financial performance data for Nrg Energy, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $8.5B $125.0M $0.52
Q3 2025 $7.1B $152.0M $0.69
Q2 2025 $6.5B -$104.0M $-0.62
Q1 2025 $7.4B $511.0M $2.31
Q3 2024 $7.1B $343.0M $1.41
Q2 2024 $6.2B $308.0M $1.25
Q1 2024 $7.4B $511.0M $2.31
Q3 2023 $7.9B $67.0M $0.29

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Nrg Energy, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$169.0M
Cash generated from operations
Stock Buybacks
$481.0M
Shares repurchased (TTM)
Capital Expenditures
$317.0M
Investment in assets
Dividends Paid
$411.0M
Returned to shareholders

NRG SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Nrg Energy, Inc.. (CIK: 0001013871)

📋 Recent SEC Filings

Date Form Document Action
Jun 9, 2026 4 xslF345X06/doc4.xml View →
Jun 9, 2026 4 xslF345X06/doc4.xml View →
Jun 3, 2026 4 xslF345X06/doc4.xml View →
Jun 3, 2026 4 xslF345X06/doc4.xml View →
Jun 3, 2026 4 xslF345X06/doc4.xml View →

Frequently Asked Questions about NRG

What is the AI rating for NRG?

Nrg Energy, Inc.. (NRG) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 84% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are NRG's key strengths?

Claude: Positive net income growth of 8.4% year-over-year showing operational improvement trajectory. Large established asset base ($40.1B) and scale in essential infrastructure sector. ChatGPT: Positive YoY revenue and net income growth indicate underlying earnings stability. Operating cash flow remains solid and supports positive free cash flow after capital spending.

What are the risks of investing in NRG?

Claude: Negative operating cash flow (-$169M) indicates core business is not generating operating cash; unsustainable long-term. Critical liquidity crisis indicators: current ratio 0.84x and quick ratio 0.78x both below 1.0, threatening ability to meet short-term obligations. ChatGPT: Debt load is heavy, with very high debt-to-equity and a thin equity cushion. Profit margins are narrow, limiting flexibility if costs rise or demand weakens.

What is NRG's revenue and growth?

Nrg Energy, Inc.. reported revenue of $10.3B.

Does NRG pay dividends?

Nrg Energy, Inc.. pays dividends, with $411.0M distributed to shareholders in the trailing twelve months.

Where can I find NRG SEC filings?

Official SEC filings for Nrg Energy, Inc.. (CIK: 0001013871) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is NRG's EPS?

Nrg Energy, Inc.. has a diluted EPS of $0.52.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is NRG's fundamental grade?

Based on our AI fundamental analysis in June 2026, Nrg Energy, Inc.. has a C grade with 84% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is NRG stock overvalued or undervalued?

Valuation metrics for NRG: ROE of 2.6% (sector avg: 10%), net margin of 1.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is NRG's AI grade for 2026?

Our dual AI analysis gives Nrg Energy, Inc.. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is NRG's free cash flow?

Nrg Energy, Inc..'s operating cash flow is $-169.0M, with capital expenditures of $317.0M. FCF margin is -4.7%.

How does NRG compare to other Utilities stocks?

Vs Utilities sector averages: Net margin 1.2% (avg: 12%), ROE 2.6% (avg: 10%), current ratio 0.84 (avg: 0.8).

Is Nrg Energy, Inc.. carrying too much debt?

NRG has a debt-to-equity ratio of 4.76x, which is above the Utilities sector average of 1.4x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI