By Connor Hart
NRG Energy logged lower profit in the fourth quarter, though the company said it stands to benefit from surging demand moving forward.
The Houston-based power producer on Tuesday posted a profit of $66 million, or 26 cents a share, compared with $643 million, or $3.10 a share, in the same quarter a year earlier.
The company attributed the decline largely to unrealized non-cash mark-to-market losses on open positions related to economic hedges, compared with gains in 2024.
Stripping out one-time items, earnings were $1.04 a share. Analysts polled by FactSet had expected adjusted earnings of 98 cents a share.
Revenue of $7.76 billion topped Wall Street models for $6.34 billion.
Chief Executive Larry Coben said the company has doubled its generation footprint and continues to build out additional capability in order to provide power through the current demand supercycle.
"We expect to add significant new capacity for data centers through our bring-your-own-power strategy and new innovative, affordable products for everyone from the household to the hyperscaler," he added.
Looking ahead, NRG backed its outlook for 2026 that calls for adjusted earnings of $7.90 to $9.90 a share.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 24, 2026 08:11 ET (13:11 GMT)
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