Filing Flows › NRG Energy (NRG) › Q1 2025
NRG Energy (NRG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
NRG Energy (NRG) reported revenue of $8.6B for the first quarter 2025 (Q1 2025), +16% from a year earlier and +26% from the quarter before. Operating margin was 13.2%, net earnings $750M (8.7% of revenue).
NRG Energy, Q1 2025: revenue $8.6B (+16% year over year), operating margin 13.2%, net earnings $750M, operating cash flow $855M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6B | +26% | +16% |
| Operating profit | $1.1B | +19% | +30% |
| Net earnings | $750M | +17% | +47% |
| Operating cash flow | $855M | -10% | +220% |
| Free cash flow | $638M | -17% | +222% |
What changed
Revenue was $8.6B in Q1 2025, up 16% year over year and up 26% from the previous quarter. Retail revenue was the largest line at 96% of revenue. Retail revenue added $1.0B year over year (up 14%), 85% of the total change.
Operating profit was $1.1B, a 13.2% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 12% margin then. Total costs grew 14% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+16%). Net earnings were $0.75B, up 47% year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.85B (up 220% year over year), 114% of net earnings. Non-cash charges added back $0.22B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.22B left free cash flow of $0.64B.
Questions
What was NRG Energy's revenue in the first quarter 2025?
NRG Energy (NRG) reported revenue of $8.6B for the first quarter 2025 (Q1 2025), +16% from a year earlier and +26% from the quarter before.
Was NRG Energy profitable in the first quarter 2025?
Operating profit was $1.1B (13.2% of revenue) and net earnings $750M.
Source: NRG Energy 10-Q on SEC EDGAR.