Income/(Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of NRG's Basic and Diluted Income (Loss) per Share

NRG’s basic and diluted income/(loss) per share is shown in the following table:


			Three months ended June 30,												Six months ended June 30,
(In millions, except per share data)			2026						2025						2026						2025
Basic income/(loss) per share:
Net income/(loss)			$	506					$	(104)					$	631					$	646
Less: Cumulative dividends attributable to Series A Preferred Stock			17						17						34						34
Net income/(loss) available for common stockholders			$	489					$	(121)					$	597					$	612
Weighted average number of common shares outstanding - basic			211						196						209						197
Income/(Loss) per weighted average common share — basic			$	2.32					$	(0.62)					$	2.86					$	3.11

Diluted income/(loss) per share:
Net income/(loss)			$	506					$	(104)					$	631					$	646
Less: Cumulative dividends attributable to Series A Preferred Stock			17						17						34						34
Net income/(loss) available for common stockholders			$	489					$	(121)					$	597					$	612
Weighted average number of common shares outstanding - basic			211						196						209						197
Incremental shares attributable to the issuance of equity compensation (treasury stock method)			1						—						1						2
Incremental shares attributable to the potential share settlements of the Convertible Senior Notes (if converted method)			—						—						—						4
Weighted average number of common shares outstanding - dilutive			212						196						210						203
Income/(Loss) per weighted average common share — diluted			$	2.31					$	(0.62)					$	2.84					$	3.01