Filing Flows › NRG Energy (NRG) › Q2 2026 › vs Q2 2025
NRG Energy (NRG) Q2 2026 vs Q2 2025 (year over year)
NRG Energy's revenue rose $741M (+11%) from $6.7B in Q2 2025 to $7.5B in Q2 2026. Operating margin 13.0% against 0.0% (+13.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 0.0% | +13.0 pts |
| Net margin | 6.8% | -1.5% | +8.3 pts |
| Free cash flow margin | 10.4% | 1.1% | +9.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $7.5B | $6.7B | $741M | +11% |
| Operating profit | $976M | $0 | $976M | — |
| Costs & expenses | $6.5B | $6.7B | −$235M | -3% |
| Pre-tax earnings | $663M | −$153M | $816M | — |
| Other expense, net | $313M | $153M | $160M | +105% |
| Cost of revenue | $5.5B | $5.6B | −$159M | -3% |
| SG&A | $562M | $724M | −$162M | -22% |
| Other operating costs | $473M | $387M | $86.0M | +22% |
| Net earnings | $506M | −$104M | $610M | — |
| Income tax | $157M | −$49.0M | $206M | — |
| Depreciation & amortization | $325M | $226M | $99.0M | +44% |
| Share-based compensation | $31.0M | $33.0M | −$2.0M | -6% |
| Working capital & other | $255M | $296M | −$41.0M | -14% |
| Operating cash flow | $1.1B | $451M | $666M | +148% |
| Free cash flow (OCF − capex) | $779M | $73.0M | $706M | +967% |
| Capital expenditures | $338M | $378M | −$40.0M | -11% |
Questions
How much did NRG Energy's revenue grow year over year in Q2 2026?
NRG Energy's revenue rose $741M (+11%) from $6.7B in Q2 2025 to $7.5B in Q2 2026. Operating margin 13.0% against 0.0% (+13.0 pts).