NRG Energy reported adjusted EPS of $4.68 for the third quarter as revenue reached $9.466 billion, with higher capacity prices in the East and stronger Texas margins contributing to the company's results.
Revenue was up from $7.635 billion a year earlier. Net income rose to $561 million from $152 million, while adjusted EBITDA, a non-GAAP measure, increased to $2.013 billion from $1.205 billion.
NRG attributed the results to contributions from acquired LS Power assets, higher capacity prices in the East and stronger Texas margins. Favorable weather also supported Texas margins. NRG describes adjusted EPS as a non-GAAP measure; its calculation uses adjusted net income and weighted-average basic shares outstanding.
The company is targeting the second quarter of 2027 to close its agreed sale of six gas-fired plants to LS Power for $4 billion. The transaction remains subject to regulatory approvals and other conditions. After closing, NRG plans to reassess its 2027 projections and capital allocation plan.
