Buyback yield (TTM)
6.06%
Shareholder yield (TTM)
7.46%
5Y share count change
-19.1%
Buyback spend (TTM)
$1.83B
Cumulative buybacks
$10.85B
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.
Dividend & buyback yield over time for NRG Energy (NRG)
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.
Diluted vs basic shares (annual) for NRG Energy (NRG)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for NRG Energy (NRG)
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.
Cash buyback spend over time for NRG Energy (NRG)
Latest: $1.40B
Overview
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 grown on net over the period, 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 $0.00 in 1997.
NRG Energy Buyback Spend 2025: $1.40B
NRG Energy posted buyback spend of $1.40B in 2025, surged 50.1% from 2024.
NRG Energy Buyback Spend 2024: $935.00M
In 2024, NRG Energy reported buyback spend of $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
2022's buyback spend for NRG Energy came in at $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.40B | $134.00M | $1.27B | 4.63% | 0.20B | -6.1% | |
| 2024 | $935.00M | $102.00M | $833.00M | 5.02% | 0.21B | -7.0% | |
| 2023 | $1.17B | $101.00M | $1.07B | 10.21% | 0.23B | -3.4% | |
| 2022 | $606.00M | $28.00M | $578.00M | 8.30% | 0.24B | -3.7% | |
| 2021 | $48.00M | $21.00M | $27.00M | 0.46% | 0.24B | -0.4% | |
| 2020 | $229.00M | $22.00M | $207.00M | 2.52% | 0.25B | -6.8% | |
| 2019 | $1.44B | $20.00M | $1.42B | 14.61% | 0.26B | -14.3% | |
| 2018 | $1.25B | $25.00M | $1.23B | 11.35% | 0.31B | -2.8% | |
| 2017 | $2.00M | $35.00M | −$33.00M | 0.02% | 0.32B | +0.3% | |
| 2016 | $226.00M | $10.00M | $216.00M | 5.83% | 0.32B | -4.0% | |
| 2015 | $437.00M | $41.00M | $396.00M | 11.82% | 0.33B | -2.9% | |
| 2014 | $39.00M | $42.00M | −$3.00M | 0.43% | 0.34B | +5.0% | |
| 2013 | $25.00M | $38.00M | −$13.00M | 0.27% | 0.32B | +38.0% | |
| 2012 | $0.00 | $41.00M | −$41.00M | — | 0.23B | -2.9% | |
| 2011 | $430.00M | $28.00M | $402.00M | 10.41% | 0.24B | -5.1% | |
| 2010 | $180.00M | $30.00M | $150.00M | 3.74% | 0.25B | -6.3% | |
| 2009 | $500.00M | $26.00M | $474.00M | 8.72% | 0.27B | -1.5% | |
| 2008 | $185.00M | $26.00M | $159.00M | 3.42% | 0.28B | -4.5% | |
| 2007 | $353.00M | $19.00M | $334.00M | 3.45% | 0.29B | -4.3% | |
| 2006 | $732.00M | $14.00M | $718.00M | 10.71% | 0.30B | +76.0% | |
| 2005 | $250.00M | $12.00M | $238.00M | 4.53% | 0.17B | -15.0% | |
| 2004 | $405.00M | $13.59M | $391.41M | 12.91% | 0.20B | +0.5% | |
| 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 | — |
- 2025$1.40B
- 2024$935.00M
- 2023$1.17B
- 2022$606.00M
- 2021$48.00M
- 2020$229.00M
- 2019$1.44B
- 2018$1.25B
- 2017$2.00M
- 2016$226.00M
- 2015$437.00M
- 2014$39.00M
- 2013$25.00M
- 2012$0.00
- 2011$430.00M
- 2010$180.00M
- 2009$500.00M
- 2008$185.00M
- 2007$353.00M
- 2006$732.00M
- 2005$250.00M
- 2004$405.00M
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
Buybacks vs stock-based compensation for NRG Energy (NRG)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 12.55×.
Buybacks vs dividends (share of cash returned) for NRG Energy (NRG)
How NRG Energy splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as NRG Energy, ranked by their latest buyback spend.
| $3.32B | |
| $958.00M | |
| $400.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $3.32B
- $958.00M
- $400.00M
- $0.00
- $0.00
- $0.00
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).
Frequently asked questions
Data & methodology
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