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Key Takeaways

• NRG Energy reported first-quarter adjusted earnings per share and revenue that topped Wall Street's expectations.

• The company also agreed to acquire a portfolio of natural gas assets for $12 billion from LS Power Equity Advisors.

• NRG led S&P 500 stocks higher in recent trading Monday.

Shares of NRG Energy (NRG) surged roughly 25% to lead the S&P 500 on Monday after the firm delivered better-than-expected first-quarter results. Separately, the company announced a $12 billion acquisition of natural gas assets from LS Power Equity Advisors.

The company delivered adjusted earnings per share (EPS) of $2.68, more than 60% higher than the consensus of analysts polled by Visible Alpha. Revenue rose more than 15% year-over-year to $8.59 billion, also beating expectations.

Looking ahead, NRG said it still expects full-year adjusted EPS of $6.75 to $7.75. The midpoint of the range is ahead of analysts' projected $7.15.

Also Monday, NRG agreed to acquire a portfolio of natural gas assets from LS Power Equity Advisors in a $12 billion deal. NRG said the move doubles its generation capacity to about 13 GW by adding 18 natural facilities across nine states. The transaction is expected to close in the first quarter of 2026.

NRG Energy shares have added nearly two-thirds of their value this year.

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