Is it safe?
Can NRG take a bad year?
NRG Energy carries $23.1B of net debt at 6.28× EBITDA: a heavy load to carry through a bad year.
$23.1B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.28×
Net debt / EBITDA · 4.05× a year ago · the load is going up
- Altman Z-score
- 2.21
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 1.97×
Interest cover · operating profit barely covers the interest bill
Details›
- Total debtQ2 2026
- $23.3B
- Cash and short-term investments
- $162M
- Net debt
- $23.1B
- EBITDA, trailing twelve months
- $3.68B
- Operating profit, trailing twelve months
- $2.02B
- Debt / equity
- 4.79×
- Total debt / EBITDA
- 6.33×
- Annualised volatilitytwo years of daily moves
- 52%
- Worst drawdown on file
- −49%
- Below its 52-week high
- −37%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities - Independent Power Producers
Ranks #5 of 6 by Smart Score