NRG Energy (NRG) Stock Buyback History
TTM buyback yield 6.06% · Shareholder yield (TTM) 6.06%.
NRG
TTM buyback yield
6.06%
Shareholder yield (TTM)
6.06%
5Y share count change
-19.1%
TTM buyback spend
$1.83B
SBC coverage (TTM)
12.55x
YoY change in spend
+50.1%
5Y CAGR of spend
+43.7%
Peak year (2019)
$1.44B
Cumulative spend
$10.85B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- NRG Energy (NRG) repurchased about $1.83B of stock over the trailing twelve months.
- Diluted share count is down 19.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 12.55× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +43.7% per year over the latest 5-year window.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $1.40B | $134.00M | $1.27B | 0.20B | -6.1% | 4.63% |
| 2024 | $935.00M | $102.00M | $833.00M | 0.21B | -7.0% | 5.02% |
| 2023 | $1.17B | $101.00M | $1.07B | 0.23B | -3.4% | 10.21% |
| 2022 | $606.00M | $28.00M | $578.00M | 0.24B | -3.7% | 8.30% |
| 2021 | $48.00M | $21.00M | $27.00M | 0.24B | -0.4% | 0.46% |
| 2020 | $229.00M | $22.00M | $207.00M | 0.25B | -6.8% | 2.52% |
| 2019 | $1.44B | $20.00M | $1.42B | 0.26B | -14.3% | 14.61% |
| 2018 | $1.25B | $25.00M | $1.23B | 0.31B | -2.8% | 11.35% |
| 2017 | $2.00M | $35.00M | −$33.00M | 0.32B | 0.3% | 0.02% |
| 2016 | $226.00M | $10.00M | $216.00M | 0.32B | -4.0% | 5.83% |
| 2015 | $437.00M | $41.00M | $396.00M | 0.33B | -2.9% | 11.82% |
| 2014 | $39.00M | $42.00M | −$3.00M | 0.34B | 5.0% | 0.43% |
| 2013 | $25.00M | $38.00M | −$13.00M | 0.32B | 38.0% | 0.27% |
| 2012 | $0.00 | $41.00M | −$41.00M | 0.23B | -2.9% | — |
| 2011 | $430.00M | $28.00M | $402.00M | 0.24B | -5.1% | 10.41% |
| 2010 | $180.00M | $30.00M | $150.00M | 0.25B | -6.3% | 3.74% |
| 2009 | $500.00M | $26.00M | $474.00M | 0.27B | -1.5% | 8.72% |
| 2008 | $185.00M | $26.00M | $159.00M | 0.28B | -4.5% | 3.42% |
| 2007 | $353.00M | $19.00M | $334.00M | 0.29B | -4.3% | 3.45% |
| 2006 | $732.00M | $14.00M | $718.00M | 0.30B | 76.0% | 10.71% |
| 2005 | $250.00M | $12.00M | $238.00M | 0.17B | -15.0% | 4.53% |
| 2004 | $405.00M | $13.59M | $391.41M | 0.20B | 0.5% | 12.91% |
| 2003 | $0.00 | $0.00 | $0.00 | 0.20B | -49.6% | — |
| 2002 | $0.00 | $0.00 | $0.00 | 0.40B | 1.6% | — |
| 2001 | $0.00 | $0.00 | $0.00 | 0.39B | 20.5% | — |
| 2000 | $0.00 | $0.00 | $0.00 | 0.32B | 9.9% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 0.30B | 0.0% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 0.30B | 0.0% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.30B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for NRG Energy (NRG) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for NRG Energy (NRG)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for NRG Energy (NRG)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.40B | +50.1% | +$468.00M | ||
| 2024 | $935.00M | -20.2% | -$237.00M | ||
| 2023 | $1.17B | +93.4% | +$566.00M | ||
| 2022 | $606.00M | +1162.5% | +$558.00M | ||
| 2021 | $48.00M | -79.0% | -$181.00M | ||
| 2020 | $229.00M | -84.1% | -$1.21B | ||
| 2019 | $1.44B | +15.2% | +$190.00M | ||
| 2018 | $1.25B | +62400.0% | +$1.25B | ||
| 2017 | $2.00M | -99.1% | -$224.00M | ||
| 2016 | $226.00M | -48.3% | -$211.00M | ||
| 2015 | $437.00M | +1020.5% | +$398.00M | ||
| 2014 | $39.00M | +56.0% | +$14.00M | ||
| 2013 | $25.00M | — | +$25.00M | ||
| 2012 | $0 | -100.0% | -$430.00M | ||
| 2011 | $430.00M | +138.9% | +$250.00M | ||
| 2010 | $180.00M | -64.0% | -$320.00M | ||
| 2009 | $500.00M | +170.3% | +$315.00M | ||
| 2008 | $185.00M | -47.6% | -$168.00M | ||
| 2007 | $353.00M | -51.8% | -$379.00M | ||
| 2006 | $732.00M | +192.8% | +$482.00M | ||
| 2005 | $250.00M | -38.3% | -$155.00M | ||
| 2004 | $405.00M | — | +$405.00M | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | — |
2025's annual buyback spend for NRG Energy (NRG) came in at $1.40B – surged 50.1% year-over-year.
NRG Energy buyback spend has recorded the values shown across consecutive periods, with a +43.7% compound annual growth rate over 2020–2025 (5 years).
NRG Energy buyback spend edged down from $1.44B in 2019 to $1.40B in 2025, a 2.6% drawdown.
Across the available history, buyback spend reached its high of $1.44B in 2019 and its low of $0 in 1997.
Within Utilities, NRG Energy (NRG) ranks 2nd among 8 peers we track. The peer median for buyback spend is $0.
NRG Energy Buyback Spend 2025: $1.40B
NRG Energy buyback spend in 2025 was $1.40B, surged 50.1% from 2024.
NRG Energy Buyback Spend 2024: $935.00M
NRG Energy buyback spend in 2024 was $935.00M, declined 20.2% below 2023.
NRG Energy Buyback Spend 2023: $1.17B
NRG Energy buyback spend in 2023 was $1.17B, surged 93.4% from 2022.
NRG Energy Buyback Spend 2022: $606.00M
NRG Energy buyback spend in 2022 was $606.00M, surged 1162.5% from 2021.
NRG Energy Buyback Spend 2021: $48.00M
NRG Energy buyback spend in 2021 was $48.00M.
See more financial history for NRG Energy (NRG).
Sector peers by buyback spend
Companies in the same sector as NRG Energy, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| GE Vernova (GEV) | $3.32B | Utilities |
| Sempra (SRE) | $958.00M | Utilities |
| Constellation Energy (CEG) | $400.00M | Utilities |
| NextEra Energy (NEE) | $0 | Utilities |
| Southern Company (SO) | $0 | Utilities |
| Duke Energy (DUK) | $0 | Utilities |
| American Electric Power Company (AEP) | $0 | Utilities |
| Dominion Energy (D) | $0 | Utilities |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 12.55×.
Capital allocation mix
How NRG Energy splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $0.00 (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from NRG Energy's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does NRG Energy buy back its own stock?
Yes, NRG Energy (NRG) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does NRG Energy spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $1.83B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is NRG Energy's buyback yield?
TTM buyback yield is about 6.06% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is NRG Energy's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 6.06% combined (TTM-based where available).
Is NRG Energy diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has NRG Energy's share count changed?
Diluted weighted average shares changed by about -19.1% over roughly five fiscal years (annual income statement data).
What is NRG Energy's buyback spend?
Latest reported buyback spend for NRG Energy (NRG) is $1.83B (period ending March 31, 2026).
How has NRG Energy buyback spend changed year-over-year?
NRG Energy (NRG) buyback spend changed +50.1% year-over-year on the latest annual filing.
What is the long-term growth rate of NRG Energy buyback spend?
NRG Energy (NRG) buyback spend compound annual growth rate is +43.7% over the most recent 5 years available.
When did NRG Energy buyback spend hit its highest annual value?
NRG Energy buyback spend reached its highest annual value of $1.44B in 2019.
What was NRG Energy buyback spend in 2024?
NRG Energy (NRG) buyback spend in 2024 was $935.00M.
What was NRG Energy buyback spend in 2025?
NRG Energy (NRG) buyback spend in 2025 was $1.40B.
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