NRG Energy, Inc. (NRG) Q2 2025 Earnings Call Transcript


NRG Energy, Inc. (NYSE:NRG) Q2 2025 Earnings Conference Call August 6, 2025 9:00 AM ET

Company Participants

Brendan Mulhern – Corporate Participant
Bruce Chung – EVP & CFO
Lawrence Stephen Coben – President, CEO & Chairman of the Board
Robert J. Gaudette – Executive VP, President of NRG Business & Wholesale Operations

Conference Call Participants

Agnieszka Anna Storozynski – Seaport Research Partners
Carly S. Davenport – Goldman Sachs Group, Inc., Research Division
David Keith Arcaro – Morgan Stanley, Research Division
Julien Patrick Dumoulin-Smith – Jefferies LLC, Research Division
Michael P. Sullivan – Wolfe Research, LLC
Nicholas Joseph Campanella – Barclays Bank PLC, Research Division

Operator

Good day, and thank you for standing by. Welcome to the NRG Energy second quarter earnings conference call. [Operator Instructions] Please be advised that this is being recorded.

I would now like to hand the conference over to your first speaker today, Brendan Mulhern, Head of Investor Relations. Dear sir, please go ahead.

Brendan Mulhern

Thank you. Good morning, and welcome to NRG Energy’s Second Quarter 2025 Earnings Call. This morning’s call is being broadcast live over the phone and via webcast. The webcast presentation and earnings release can be located in the Investors section of our website at www.nrg.com under Presentations & Webcasts.

Please note that today’s discussion may contain forward-looking statements, which are based upon assumptions that we believe to be reasonable as of this date. Actual results may differ materially. We urge everyone to review the safe harbor in today’s presentation as well as the risk factors in our SEC filings. We undertake no obligation to update these statements as a result of future events, except as required by law.

In addition, we will refer to both GAAP and non-GAAP financial measures. For information regarding our non-GAAP financial measures and reconciliations to the most



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