NRG Energy, Inc. (NRG) Revenue by Segment

NRG Energy revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), NRG Energy's largest business segment was East, with $3.51 billion or 47% of revenue, up 28.3% from a year earlier. Next: Texas (37%), West and Other (9%) and Vivint Smart Home (8%).

By product or service, Retail Revenue brought in 90%, Capacity Revenue brought in 5% and Energy Revenue brought in 4% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was East (+28.3%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

NRG Energy, Inc.

NRGUtilities

United States

Utilities

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

EastTexasWest, Services and OtherRetailVivint Smart HomeGenerationWest and OtherIntersegment eliminationsOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
East	USD 3.51B	46.9%	+28.3%
Texas	USD 2.75B	36.7%	-3.5%
West and Other	USD 644.00M	8.6%	+0.0%
Vivint Smart Home	USD 587.00M	7.8%	+12.5%
Intersegment eliminationsi	-USD 9.00M		–

Sum of items USD 7.49B; corporate items and eliminations -USD 9.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
East	3.5B	6.4B	–	3.0B	2.7B	4.6B	–	2.6B	2.5B	3.5B	–	2.8B	2.5B	4.2B	4.2B	4.2B	3.6B	4.8B	4.0B	3.1B	2.4B	3.5B	517.0M	666.0M	545.0M	521.0M	–	679.0M	524.0M	609.0M	–	–	–	–	–	–
Texas	2.7B	2.4B	–	3.4B	2.8B	2.4B	–	3.3B	2.8B	2.2B	–	3.7B	2.5B	2.0B	2.2B	3.1B	2.7B	2.0B	1.9B	2.6B	2.0B	3.7B	1.4B	2.0B	1.6B	1.4B	–	2.2B	1.8B	1.5B	–	–	–	–	–	–
West, Services and Other	–	–	–	715.0M	–	–	–	833.0M	910.0M	1.2B	–	978.0M	892.0M	1.4B	1.3B	1.2B	1.1B	1.2B	1.1B	883.0M	824.0M	895.0M	129.0M	149.0M	115.0M	143.0M	–	–	–	–	–	–	–	–	–	–
Retail	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.6B	2.2B	1.8B	1.5B	–	1.9B
Vivint Smart Home	587.0M	578.0M	–	532.0M	522.0M	511.0M	–	499.0M	467.0M	468.0M	–	478.0M	444.0M	148.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Generation	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.5B	1.2B	270.0M	–	1.3B
West and Other	644.0M	864.0M	–	–	644.0M	1.1B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	111.0M	106.0M	93.0M	–	–	–	–	–	–
Intersegment eliminations	- 9.0M	- 11.0M	–	- 21.0M	- 10.0M	- 8.0M	–	- 10.0M	- 13.0M	–	–	- 5.0M	- 6.0M	- 10.0M	- 4.0M	12.0M	- 7.0M	- 3.0M	–	14.0M	–	–	–	–	–	- 3.0M	–	–	–	–	- 140.0M	- 722.0M	- 520.0M	314.0M	–	- 509.0M
Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.0M	–	1.0M	–	–

NRG Energy revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
East	$3.5B	$6.4B	$3.0B	$2.7B	47%
Texas	$2.7B	$2.4B	$3.4B	$2.8B	37%
West and Other	$644.0M	$864.0M	–	$644.0M	9%
Vivint Smart Home	$587.0M	$578.0M	$532.0M	$522.0M	8%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

NRG Energy revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Retail Revenue	$6.7B	–	$7.3B	$6.5B	90%
Capacity Revenue	$392.0M	–	$87.0M	$61.0M	5%
Energy Revenue	$301.0M	–	$148.0M	$99.0M	4%
Other	$70.0M	–	$83.0M	$62.0M	1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are NRG Energy's business segments?

East, Texas, West and Other and Vivint Smart Home (as reported for Q2 fiscal 2026).

Which business segment makes the most money for NRG Energy?

East: $3.51 billion, or 47% of revenue, in Q2 fiscal 2026.

What are NRG Energy's main products and services?

By revenue in Q2 fiscal 2026: Retail Revenue (90%), Capacity Revenue (5%), Energy Revenue (4%) and Other (1%).

MoreNRG Energy stock overview NRG Energy financials NRG Energy executive team NRG Energy shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.