NRGNRG Energy

Utilities · Electric Utilities · NYSE

Headquarters: Houston, TX
CEO: Robert J. Gaudette
Next results: around Feb 23, 2027

RevenueFY2016–25 $30.7B+9.2% FY2024: $28.1B 10-K FY2025 · XBRL Net incomeFY2016–25 $864.0M−23.2% FY2024: $1.1B 10-K FY2025 · XBRL Free cash flowFY2016–25 $766.0M−58.2% FY2024: $1.8B 10-K FY2025 · XBRL Operating marginFY2016–25 6.0%−2.6 pts 0.4% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 24, 2026 against Feb 26, 2025

Area	What changed	Source
Risk factors	25 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	11 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 24, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-26. Quoted as filed.

The integration of NRG and the LSP Portfolio may disrupt or have a negative impact on the Company’s business. The LSP Portfolio is comprised of 13 GW of natural gas-fired generation and dual fuel assets and a demand response platform. The acquisition significantly increases NRG’s owned generation capacity and operational footprint. The…
10-K, Item 1A

All 25 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +16.5% vs revenue +9.2% (+7.4 pts)
✓
Cash from operations $1.9B vs net income $864.0M (FY ending 2025-12-31)
✓
Inventory -3.6% vs revenue +9.2% (-12.7 pts)
✓
Same auditor in both 10-Ks: KPMG LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Evaluation of the sufficiency of audit evidence over revenues
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 9, 20268-K Quarterly results 8-K item 2.02
Nov 9, 20268-K Regulation FD disclosure 8-K item 7.01
Nov 9, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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