NRG Energy Reports $7.48 Billion Q2 2026 Revenue, T.H. Wharton Peaker Plant Begins Operations
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Key Takeaways
- Q2 2026 revenue rose to $7.48 billion from $6.74 billion in the prior year's second quarter.
- Operating income for the quarter was $976 million, down from $1.30 billion in Q2 2025.
- A new 415 MW natural gas-fueled peaker plant at the T.H. Wharton facility entered commercial service in May 2026.
- The company amended its $2.3 billion accounts receivables securitization facility in June 2026.
NRG Energy (NYSE: NRG), Inc. reported revenue of $7.48 billion for the second quarter ended June 30, 2026. The company also confirmed that a new 415 MW natural gas-fueled peaker plant at its T.H. Wharton facility achieved commercial operation in May 2026.
Selling, general, and administrative costs for the quarter were $562 million, down from $724 million in the prior year's comparable period.
In May 2026, NRG reached a milestone at its T.H. Wharton generation facility with the commencement of commercial operations for a 415 MW natural gas-fueled peaker plant. This new unit adds to the existing 1,002 MW natural gas-fueled plant at the site. The company's generation portfolio also includes the 689 MW Cedar Bayou Unit 5 and a 54.5% interest in the 385 MW Ivanpah solar thermal power plant.
Regarding its capital structure, NRG amended its $2.3 billion accounts receivables securitization facility on June 18, 2026. The facility is now due in 2027. As of June 30, 2026, the company's long-term debt included $12.0 billion in outstanding unsecured senior notes and $3.9 billion in senior secured first lien notes. The company also maintains a $4.6 billion revolving credit facility due in 2029.
