8-K filed Nov 6, 2025
NRG Energy authorizes $3B for stock buybacks
“Announcing new $3 billion share repurchase authorization through 2028; expect to complete $1 billion in 2026”
From NRG Energy’s 8-K filed Nov 6, 2025 · read the filing · all documents
How big is it?
NRG Energy bought back $1.6B of stock in the twelve months to Jun 30, 2026. At that pace, $3.0B covers about 1.8 years of buybacks.
The amount equals 862% of its free cash flow over the same twelve months ($348M).
Its diluted share count is up 8.2% from a year earlier.
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q3 '23 | $50M |
| Q4 '23 | $1.1B |
| Q1 '24 | $0 |
| Q2 '24 | $90M |
| Q3 '24 | $226M |
| Q4 '24 | $619M |
| Q1 '25 | $314M |
| Q2 '25 | $289M |
| Q3 '25 | $355M |
| Q4 '25 | $353M |
| Q1 '26 | $481M |
| Q2 '26 | $450M |