NRG Energy Inc - Company Profile
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NRG Energy Inc (NRG) is an integrated energy company. It generates and supplies electricity. The company produces electricity using coal, natural gas, nuclear, oil, biomass, wind, and solar sources. NRG owns power generation plants and operates facilities for third parties. It carries out plant operations, commercial operations, EPC, asset management, energy services and other related critical functions. NRG sells energy, services and associated products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy. The company provides energy and related services to residential, industrial and commercial consumers at fixed, indexed or variable prices. NRG is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
910 Louisiana Street, Houston, Texas, 77002
Website
www.nrg.com
Telephone
1 713 5373000
No of Employees
18,131
Industry
Power
Ticker Symbol & Exchange
NRG (NYSE)
Revenue (2022)
$28.8B
-8.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-116.5%
(2022 vs 2021)
Market Cap*
$16.0B
Net Profit Margin (2023)
XYZ
-118.1%
(2022 vs 2021)
* As of and is in US$
NRG Energy Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Electricity | NRG |
| Natural Gas | Reliant |
| Green Mountain Energy | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Divestiture | In November, Texas Genco and Texas Genco GP LLC completed the sale of NRG South Texas LP to Constellation for US$1.75 billion. |
| 2023 | Contracts/Agreements | In October, the company's brand Direct Energy and the Western Pennsylvania Energy Consortium renewed their collaboration to help reduce emissions associated with the consortium’s annual power usage. |
| 2023 | Others | In June, the company announced to sell its 44% stake in South Texas Project Electric Generating Station to Constellation NewEnergy Inc for US$1.75 billion. |
Competitor Comparison
| Key Parameters | NRG Energy Inc | Exelon Corp | Vistra Corp | The AES Corp | Public Service Enterprise Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Houston | Chicago | Irving | Arlington | Newark |
| State/Province | Texas | Illinois | Texas | Virginia | New Jersey |
| No. of Employees | 18,131 | 19,962 | 4,870 | 9,600 | 12,543 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Lawrence S. Coben | Chief Executive Officer - Interim; President - Interim; Chairman | Executive Board | 2023 | - |
| Bruce Chung | Chief Financial Officer | Senior Management | 2023 | - |
| Michael Bramnick | Senior Vice President - Administration; Chief Compliance Officer | Senior Management | 2021 | - |
| Kevin L. Cole | Head - Investor Relations; Treasurer; Senior Vice President | Senior Management | - | - |
| Brian Curci | General Counsel; Executive Vice President - Legal | Senior Management | 2021 | 45 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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