NRG Reaffirms 2026 Outlook, Posts $1.08 Billion Q1 EBITDA
Management prioritizes debt cuts with buybacks to lock in steadier long-term power revenues.
Overview
- NRG kept its 2026 guidance in place after a soft first quarter and reported adjusted EBITDA of $1.08 billion.
- Leaders said the recently acquired LS Power plants are already contributing to results as integration progresses.
- The company plans about $1 billion of debt repayment in 2026 and at least $1.4 billion to shareholders through dividends and buybacks.
- Project updates highlighted Texas Energy Fund work, with the Wharton unit nearing startup and Cedar Valley and Greens Bayou planned for 2028.
- NRG is pushing for more long-term contracts in Texas and the PJM region and weighing grid-connected versus on-site setups for a 5‑gigawatt Texas build aimed at large loads such as data centers.