NRG ENERGY, INC.

Electric Services·HOUSTON, TX·FY end 12/31·CIK 1013871

CEO Pay Ratio

234:1

Lawrence S. Coben

CEO Total Comp

$21.8M

Lawrence S. Coben

Median Employee

$93,161

Revenue

$30.7B

FY 2025

Net Income

$864.0M

FY 2025

Free Cash Flow

$766.0M

FY 2025

Net Margin

2.8%

Insider Net (180d)

-$5.3B

0 buys / 5 sales

CEO Pay Accountability

CEO comp as % of net income

2.52%

For every $1,000 of profit, $25.22 flows to the CEO.

CEO comp as % of buybacks

1.66%

CEO comp equals 16.6‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$30.7B	$28.1B	$28.8B	$31.5B	$27.0B
Gross Profit	—	—	—	—	—	—
Operating Income	$1.8B	$2.4B	$384.0M	$2.0B	$3.3B
Net Income	$864.0M	$1.1B	-$202.0M	$1.2B	$2.2B
Operating CF	$1.9B	$2.3B	-$221.0M	$360.0M	$493.0M
Capex	$1.1B	$472.0M	$598.0M	$367.0M	$269.0M
Free Cash Flow	$766.0M	$1.8B	-$819.0M	-$7.0M	$224.0M
Buybacks	$1.3B	$935.0M	$1.2B	$606.0M	$48.0M
Dividends	$411.0M	$405.0M	$381.0M	$332.0M	$319.0M

Gross Margin	—	—	—	—	—	—
Operating Margin	6.0%	8.6%	1.3%	6.4%	12.4%
Net Margin	2.8%	4.0%	-0.7%	3.9%	8.1%
FCF Margin	2.5%	6.5%	-2.8%	-0.0%	0.8%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	23.8%	22.3%	5.2%	26.6%	23.5%
Debt / Equity	—	—	—	—	—	—
Buybacks / FCF	171.1%	51.0%	-143.1%	-8657.1%	21.4%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Lawrence S. CobenPresident, Chief Executive Officer and Chair of the Board	$1.5M	$16.8M	—	$3.5M	$45.3K	$21.8M
Bruce ChungExecutive Vice President and Chief Financial Officer	$736.7K	$12.4M	—	$1.4M	$20.9K	$14.5M
Robert J. GaudetteExecutive Vice President, President of NRG Business & Wholesale Operations	$728.2K	$10.7M	—	$1.4M	$17.9K	$12.9M
Brian CurciExecutive Vice President and General Counsel	$609.7K	$9.3M	—	$1.1M	$21.4K	$11.1M