How does NRG Energy (NRG) make money?

NRG Energy (NRG) generates revenue primarily from East Segment, which accounted for 49.7% of total revenue in TTM through Q1 2026. The company reported $32.43B in revenue and converted 0.7% of it into net profit, equivalent to roughly $239.00M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of NRG Energy (NRG)?

NRG Energy (NRG) reported a gross profit margin of 17.1% in TTM through Q1 2026, equivalent to $5.54B in gross profit on $32.43B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of NRG Energy (NRG)?

NRG Energy (NRG) reported an operating profit margin of 3% in TTM through Q1 2026, equivalent to $973.00M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of NRG Energy (NRG)?

NRG Energy (NRG) reported a net profit margin of 0.7% in TTM through Q1 2026, equivalent to $239.00M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is NRG Energy (NRG) profitable?

Yes. NRG Energy (NRG) reported $239.00M in net income for TTM through Q1 2026, with a net profit margin of 0.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does NRG Energy (NRG) spend on capital expenditures?

NRG Energy (NRG) spent $1.25B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does NRG Energy (NRG) generate?

NRG Energy (NRG) generated −$358.00M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -1.1%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of NRG Energy (NRG)?

NRG Energy (NRG) reports revenue across 4 reportable product segments, led by East Segment at 49.7% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does NRG Energy (NRG) generate most of its revenue?

East Segment is the largest geographic market for NRG Energy (NRG), accounting for 59% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How NRG Energy Makes Money: 2026 Visual Revenue Map

NRG Energy (NRG) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 6, 2026).

NRG Energy (NRG) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for NRG Energy (NRG) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
East Segment	$16.13B	49.7%
Texas Segment	$11.10B	34.2%
West, Services and Other Segment	$2.97B	9.2%
Vivint Smart Home Segment	$2.23B	6.9%
Total	$32.43B	100%

East Segment$16.13B
Texas Segment$11.10B
West, Services and Other Segment$2.97B
Vivint Smart Home Segment$2.23B
Total$32.43B

NRG Energy (NRG) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for NRG Energy (NRG), TTM through Q1 2026
Region	Revenue (USD)	% of total
East Segment	$20.70B	59%
Texas Segment	$13.54B	38.6%
West	$865.00M	2.5%
Total	$35.09B	100%

East Segment
Texas Segment
West
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, NRG Energy (NRG) reports revenue across 4 operating segments; the largest segment was East Segment at 49.7%, followed by Texas Segment (34.2%) and West, Services and Other Segment (9.2%). Separately, by end-market geography, East Segment accounted for 59% of revenue, followed by Texas Segment (38.6%) and West (2.5%).

Frequently asked questions

Data & methodology

NRG Energy (NRG) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation