Filing Flows › NRG Energy (NRG) › Q2 2026 › vs Q1 2026
NRG Energy (NRG) Q2 2026 vs Q1 2026 (quarter over quarter)
NRG Energy's revenue fell $2.8B (-27%) from $10.3B in Q1 2026 to $7.5B in Q2 2026. Operating margin 13.0% against 3.2% (+9.8 pts).
NRG Energy, Q2 2026: revenue $7.5B (+11% year over year), operating margin 13.0%, net earnings $506M, operating cash flow $1.1B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 3.2% | +9.8 pts |
| Net margin | 6.8% | 1.2% | +5.5 pts |
| Free cash flow margin | 10.4% | -4.7% | +15.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $7.5B | $10.3B | −$2.8B | -27% |
| Operating profit | $976M | $328M | $648M | +198% |
| Costs & expenses | $6.5B | $9.9B | −$3.4B | -34% |
| Pre-tax earnings | $663M | $83.0M | $580M | +699% |
| Other expense, net | $313M | $245M | $68.0M | +28% |
| Cost of revenue | $5.5B | $8.9B | −$3.4B | -38% |
| SG&A | $562M | $593M | −$31.0M | -5% |
| Other operating costs | $473M | $477M | −$4.0M | -0.8% |
| Net earnings | $506M | $125M | $381M | +305% |
| Income tax | $157M | −$42.0M | $199M | — |
| Depreciation & amortization | $325M | $277M | $48.0M | +17% |
| Share-based compensation | $31.0M | $41.0M | −$10.0M | -24% |
| Working capital & other | $255M | −$612M | $867M | — |
| Operating cash flow | $1.1B | −$169M | $1.3B | — |
| Free cash flow (OCF − capex) | $779M | −$486M | $1.3B | — |
| Capital expenditures | $338M | $317M | $21.0M | +7% |
Questions
How much did NRG Energy's revenue grow quarter over quarter in Q2 2026?
NRG Energy's revenue fell $2.8B (-27%) from $10.3B in Q1 2026 to $7.5B in Q2 2026. Operating margin 13.0% against 3.2% (+9.8 pts).