Overview

• NRG Q3 2025 adjusted EPS beats analyst expectations, reflecting strong operational results

• Company announces $3 bln share repurchase program through 2028, with $1 bln in 2026

• NRG reaffirms 2025 guidance and initiates 2026 standalone guidance

Outlook

• NRG reaffirms 2025 Adjusted Net Income guidance of $1,470 - $1,590 mln

• NRG initiates 2026 standalone Adjusted EBITDA guidance of $3,925 - $4,175 mln

• NRG expects to complete $1 bln in share repurchases in 2026

Result Drivers

• TEXAS PERFORMANCE - Strong operational performance in Texas drove significant increase in GAAP Net Income

• DATA CENTER AGREEMENTS - Expanded long-term retail power agreements for data centers to 445 MW

• CEDAR BAYOU LOAN - Closed loan agreement for Cedar Bayou facility, supporting growth initiatives

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electric utilities peer group is "buy"

• Wall Street's median 12-month price target for NRG Energy Inc is $195.00, about 11.2% above its November 5 closing price of $173.19

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)