NRG ENERGY, INC. (NRG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 6.12% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
210M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

NRG currently has 208M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 6.12% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 208.0M shares outstanding

210M 0
Aug 06, 2025

10-Q filing | 196.0M shares outstanding

200M 0
May 16, 2025

8-K filing: NRG Energy, Inc. entered into a Purchase and Sale Agreement to acquire equity interests of Lightning Power, Linebacker Power Holdings, CCS Intermediate HoldCo, and Jack County Power Development, LLC, with consideration including 24,250,000 shares of NRG Energy's common stock. ($2800.0M proceeds)

200M 0
May 12, 2025

10-Q filing | 198.0M shares outstanding

200M 0
Feb 26, 2025

10-K filing | 206.0M shares outstanding

210M 0
Nov 08, 2024

10-Q filing | 207.0M shares outstanding

210M 0
Aug 08, 2024

10-Q filing | 208.0M shares outstanding

210M 0
May 07, 2024

10-Q filing | 209.0M shares outstanding

210M 0
Feb 28, 2024

10-K filing | 228.0M shares outstanding

230M 0
Nov 02, 2023

10-Q filing | 230.0M shares outstanding

230M 0
Aug 29, 2023

8-K filing: Alexander Funding Trust II completed the sale of 500,000 pre-capitalized trust securities (P-Caps) for $500 million to qualified institutional buyers. ($500.0M proceeds)

230M 0
Aug 08, 2023

10-Q filing | 231.0M shares outstanding

230M 0
May 04, 2023

10-Q filing | 230.0M shares outstanding

230M 0
Mar 10, 2023

8-K filing: The Company completed the sale of $740 million aggregate principal amount of 7.000% senior secured first lien notes due 2033 and 650,000 shares of its 10.25% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock for gross proceeds of $650 million. ($650.0M proceeds)

240M 0
Mar 02, 2023

8-K filing: NRG Energy, Inc. announced the pricing of $740.0 million aggregate principal amount of 7.000% Senior Secured First Lien Notes due 2033 and 650,000 shares of 10.25% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, with a $1,000 liquidation preference per share.

240M 0
Mar 01, 2023

8-K filing: NRG Energy, Inc. is conducting an offering of $740.0 million aggregate principal amount of its senior secured first lien notes due 2033 and 650,000 shares of its Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock in connection with the Merger with Vivint Smart Home, Inc.

240M 0
Feb 23, 2023

10-K filing | 236.0M shares outstanding

240M 0
Nov 07, 2022

10-Q filing | 235.0M shares outstanding

240M 0
Aug 04, 2022

10-Q filing | 237.0M shares outstanding

240M 0
May 06, 2022

10-Q filing | 242.0M shares outstanding

240M 0
Feb 24, 2022

10-K filing | 245.0M shares outstanding

250M 0
Nov 04, 2021

10-Q filing | 245.0M shares outstanding

250M 0
Aug 05, 2021

10-Q filing | 245.0M shares outstanding

250M 0
May 06, 2021

10-Q filing | 245.0M shares outstanding

250M 0
Mar 01, 2021

10-K filing | 245.0M shares outstanding

250M 0
Nov 05, 2020

10-Q filing | 244.0M shares outstanding

240M 0
Aug 06, 2020

10-Q filing | 245.0M shares outstanding

250M 0
May 07, 2020

10-Q filing | 248.0M shares outstanding

250M 0
Feb 27, 2020

10-K filing | 262.0M shares outstanding

260M 0
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