On the Record · NRG Energy

NRG Energy acquisitions, on the record

The businesses NRG Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Vivint Smart Home, Inc. Word for word“On March 10, 2023, the Company completed the acquisition of Vivint Smart Home.” 10-K for 2023	acquisition	March 10, 2023	—
44% equity interest in STP Word for word“On November 1, 2023, the Company closed on the sale of its 44% equity interest in STP to Constellation.” 10-K for 2023	divestiture	November 1, 2023	—
Gregory natural gas generating facility Word for word“On October 2, 2023, the Company closed on the sale of its 100% ownership in the Gregory natural gas generating facility in Texas for $102 million.” 10-K for 2023	divestiture	October 2, 2023	$102 million
Astoria land and related assets Word for word“On January 6, 2023, NRG closed on the sale of land and related assets from the Astoria site, within the East region of operations, for proceeds of $212 million subject to transaction fees of $3 million and certain indemnifications.” 10-K for 2023	divestiture	January 6, 2023	$212 million
Airtron business unit Word for word“On September 16, 2024, the Company closed on the sale of its 100% ownership in the Airtron business unit.” 10-K for 2024	divestiture	On September 16, 2024, the Company closed on the sale of its 100% ownership in the Airtron business unit.	—
South Texas Project (44% interest) Word for word“STP South Texas Project — a nuclear generating facility located near Bay City, Texas in which NRG owned a 44% interest.” 10-K for 2024	divestiture	—	—
LSP Portfolio from LS Power Word for word“The consideration consisted of 24.25 million shares of NRG common stock and $6.4 billion in cash, plus preliminary working capital and certain other adjustments of $479 million. ” 10-K for 2025	acquisition	—	24.25 million shares of NRG common stock and $6.4 billion in cash, plus preliminary working capital and certain other adjustments of $479 million
Texas Generation Portfolio (six power generation facilities from Rockland Capital, LLC) Word for word“On April 10, 2025, the Company acquired all of the ownership interests of six power generation facilities from Rockland Capital, LLC, adding 738 MW of natural gas-fired assets in Texas to its portfolio for $560 million in consideration, less $2 million in working capital adjustments.” 10-K for 2025	acquisition	On April 10, 2025	$560 million

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2016-12-31	$0	$1.7 billion
2017-12-31	$14 million	—
2018-12-31	$243 million	—
2019-12-31	$355 million	—
2021-12-31	—	$1.25 billion
2023-12-31	—	$3.49 billion

Deal filings since 2016

2026-04-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-01-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-01-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2025-10-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-07-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-08-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-03-10 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-01-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-12-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-09-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-07-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-09-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-06-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-02-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from NRG Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.