)
Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
NRG Energy
NRG Energy (NRG) investor relations material
NRG Energy Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary24 Feb, 2026
Executive summary
Exceeded raised 2025 guidance, marking the third consecutive year of above-guidance delivery and record financial and operational results.
Closed the LS Power acquisition, doubling the generation fleet to 25 GW, expanding natural gas assets and demand response capabilities via CPower.
Integration of LS Power is ahead of plan, with performance exceeding underwriting assumptions and 11 months of contribution included in 2026 guidance.
Targeting at least 14% annual growth in adjusted EPS and free cash flow per share from 2026 through 2030, with significant growth initiatives underway.
Strong focus on long-term contracts for new large loads, especially data centers, and scaling demand response capabilities.
Financial highlights
2025 adjusted EPS was $8.24, up 21% year-over-year; adjusted EBITDA reached $4.087 billion, up 8%.
Free cash flow before growth totaled $2.21 billion, a 7% increase from 2024, with FCFbG per share at $11.63, up 12%.
Returned $1.6 billion to shareholders in 2025 via repurchases and dividends; dividend increased by 8% for the sixth consecutive year.
Achieved top decile safety performance for the 10th consecutive year.
Revenue for 2025 was $30.7 billion, up from $28.1 billion in 2024.
Outlook and guidance
Reaffirmed 2026 guidance: adjusted EBITDA $5.325–$5.825 billion (midpoint $5.575 billion), adjusted net income $1.685–$2.115 billion, adjusted EPS $7.90–$9.90 (midpoint $8.90), free cash flow before growth $2.8–$3.3 billion (midpoint $3.05 billion).
Long-term outlook targets >14% CAGR in adjusted EPS and free cash flow per share through 2030, assuming flat power and capacity prices.
Guidance does not include upside from new data center contracts or higher power prices.
At least 1 GW of long-term data center contracts targeted for 2026, not included in current guidance.
2026 priorities include integrating LS Power, delivering $750 million organic growth plan (2025–2029), and returning $1.4 billion to shareholders.
LS Power acquisition: expected synergies?
TEF projects: expected financial contribution?
Detail 'bring your own power' data center strategy.
Detail LS Power's outperformance drivers
Explain data center contract risk allocation
Capital allocation flexibility for data center growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next NRG Energy earnings date
Q1 202611 May, 2026
NRG Energy
Next NRG Energy earnings date
Q1 202611 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Integrated, reliable, and sustainable energy
NRG Energy is a leading integrated power company based in the United States. The company generates and sells electricity and provides related energy products and services to their customers. With a diverse portfolio of power generation facilities, including traditional and renewable sources, NRG Energy serves residential, commercial, and industrial customers across various markets. The company focuses on delivering reliable, affordable, and sustainable energy solutions to meet the needs of its customers. Some notable companies operating in the same industry are Exelon, Dominion Energy, and NextEra Energy.
Integrated power generation
NRG is primarily engaged in the generation and sale of electricity, utilizing a diverse portfolio of power generation facilities. They operate a mix of traditional power plants, such as natural gas, coal, and oil, as well as renewable energy assets like wind and solar. Their integrated approach allows them to provide reliable energy solutions to customers across various sectors and industries.
In addition to electricity generation, NRG Energy also offers a range of energy products and services. These include energy management and procurement solutions for commercial and industrial customers, energy storage solutions, electric vehicle charging infrastructure, and distributed energy resources. The company is actively involved in advancing clean energy initiatives and investing in renewable energy projects to reduce environmental impact and move towards a sustainable future.
A diverse range of customers
NRG Energy serves a wide range of customers, including residential, commercial, and industrial sectors. The company provides tailored energy solutions to meet the diverse needs of each customer segment. Residential customers benefit from reliable electricity supply for their homes, while commercial customers such as businesses and offices can access cost-effective energy options to power their operations. Industrial customers, with their unique energy demands, rely on NRG Energy for customized power solutions to support their manufacturing processes and operations. NRG Energy's customer-focused approach ensures that each segment receives the energy services that best suit their requirements and needs.
Driven by innovation
NRG Energy places a strong emphasis on leveraging innovation and technology to cater to the evolving energy needs of its customers. Through the use of data analytics and digital platforms, the company optimizes energy efficiency, ensuring that customers receive the most cost-effective solutions. NRG Energy also focuses on enhancing grid reliability by utilizing advanced technologies and smart grid solutions. By exploring new technologies and establishing strategic partnerships, NRG Energy is able to stay relevant in the energy industry, driving advancements in clean energy sources and doing their part in shaping the future of power generation and distribution.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage