Track market-moving stories before they get noisy

A short-seller report alleged that The Ensign Group gamed CMS quality ratings and engaged in improper billing practices -- and the stock dropped sharply on the news. June 12, 2026 09:38 ET  | Source: Levi & Korsinsky, LLP

NEW YORK, June 12, 2026 (GLOBE NEWSWIRE) -- Shares of The Ensign Group (NASDAQ: ENSG) fell sharply on June 8, 2026, after Hunterbrook published a short-seller report alleging systemic quality-measure gaming, neglect, and improper related-party billing at the skilled nursing facility operator. Investors who lost money on ENSG are encouraged to submit their information here. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

The Hunterbrook report alleged that ENSG inflated CMS star ratings -- a key metric that drives reimbursement rates and investor confidence. On the Company's Q1 2026 earnings call on May 1, 2026, CEO Barry Port stated that "85% of all of our operations are at 4- or 5-star quality measures." The short-seller report directly challenged the accuracy of those quality metrics, alleging that the ratings were the product of systematic data manipulation rather than genuine clinical performance.

The report also alleged improper related-party billing practices at the company's network of skilled nursing facilities. Prior to the report's publication, on June 2, 2026, a director filed a Form 144 attesting that "he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed." The stock declined sharply in the session following the Hunterbrook publication.

Shareholders who suffered losses on their Ensign Group investment may click here to discuss their legal rights. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

WHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.

Frequently Asked Questions About the ENSG Investigation

Q: Who is conducting the ENSG investigation? A: Levi & Korsinsky, LLP is investigating potential securities law violations on behalf of investors who purchased ENSG securities and suffered losses. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether The Ensign Group made materially false or misleading statements regarding its quality-measure performance, staffing metrics, and billing practices. When the Hunterbrook short-seller report challenged those representations, the stock price declined sharply.

Q: What do ENSG investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: What if I already sold my ENSG shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought ENSG and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: Nothing. Securities investigations are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) --  Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against ChampionX Corporation (NASDAQ: CHX) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ChampionX securities between February 29, 2024 and April 1, 2024, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CHX.

ChampionX Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
(1)    while repurchasing millions of dollars’ worth of ChampionX Corporation (“ChampionX” or the “Company”) common stock, Defendants were in possession of material nonpublic information regarding offers made by Schlumberger Limited (“SLB”) to acquire ChampionX at a premium to prevailing market prices;
(2)    Defendants failed to either abstain from trading or disclose SLB’s offer(s), which, if disclosed, would have signaled to investors that ChampionX’s stock was worth significantly more than its trading price;
(3)    Defendants further failed to disclose subsequent offers and negotiations involving ChampionX and SLB; and
(4)    as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading at all relevant times.

What's Next for ChampionX Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/CHX. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in ChampionX you have until July 14, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to ChampionX Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for ChampionX Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.

New York, New York--(Newsfile Corp. - June 4, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of common stock of ChampionX Corporation (NASDAQ: CHX) between February 29, 2024 and April 1, 2024, inclusive (the "Class Period"), of the important July 14, 2026 lead plaintiff deadline.

SO WHAT: If you sold ChampionX common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period failed to disclose material information, which artificially deflated the price of ChampionX common stock. On February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors. During the Class Period, ChampionX's average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger. The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share.

To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300174

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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New York, New York--(Newsfile Corp. - June 7, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against ChampionX Corporation (NASDAQ: CHX) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ChampionX securities between February 29, 2024 and April 1, 2024, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/CHX.

ChampionX Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

while repurchasing millions of dollars' worth of ChampionX Corporation ("ChampionX" or the "Company") common stock, Defendants were in possession of material nonpublic information regarding offers made by Schlumberger Limited ("SLB") to acquire ChampionX at a premium to prevailing market prices; Defendants failed to either abstain from trading or disclose SLB's offer(s), which, if disclosed, would have signaled to investors that ChampionX's stock was worth significantly more than its trading price; Defendants further failed to disclose subsequent offers and negotiations involving ChampionX and SLB; and as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading at all relevant times.What's Next for ChampionX Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/CHX, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in ChampionX you have until July 14, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to ChampionX Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for ChampionX Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Attorney advertising.
Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297974

Source: Bronstein, Gewirtz & Grossman, LLC

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

NEW YORK, June 08, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against ChampionX Corporation (NASDAQ: CHX) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ChampionX securities between February 29, 2024 and April 1, 2024, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CHX.

ChampionX Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

 (1)while repurchasing millions of dollars’ worth of ChampionX Corporation (“ChampionX” or the “Company”) common stock, Defendants were in possession of material nonpublic information regarding offers made by Schlumberger Limited (“SLB”) to acquire ChampionX at a premium to prevailing market prices; (2)Defendants failed to either abstain from trading or disclose SLB’s offer(s), which, if disclosed, would have signaled to investors that ChampionX’s stock was worth significantly more than its trading price; (3)Defendants further failed to disclose subsequent offers and negotiations involving ChampionX and SLB; and (4)as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading at all relevant times.
What's Next for ChampionX Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/CHX. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in ChampionX you have until July 14, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to ChampionX Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for ChampionX Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.

NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

The class action concerns whether ChampionX and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

You have until July 14, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired ChampionX securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.

[Click here for information about joining the class action]

A Complaint has filed on behalf of investors who sold ChampionX common stock during the Class Period, alleging that the defendants failed to disclose material information, which artificially deflated the price of ChampionX common stock. 

Per the allegations of the Complaint, on February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share.  On March 7, 2024, Schlumberger raised its offer to $37.80 per share.  The ChampionX class action lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger.  ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors. 

During the Class Period, ChampionX’s average stock price was $33.32 per share.  On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger.  The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980 

New York, New York--(Newsfile Corp. - June 9, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of common stock of ChampionX Corporation (NASDAQ: CHX) between February 29, 2024 and April 1, 2024, inclusive (the "Class Period"), of the important July 14, 2026 lead plaintiff deadline.

SO WHAT: If you sold ChampionX common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period failed to disclose material information, which artificially deflated the price of ChampionX common stock. On February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors. During the Class Period, ChampionX's average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger. The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share.

To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300800

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds ChampionX Corporation (“ChampionX” or the “Company”) (formerly NASDAQ:CHX) investors of the July 14, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.

Should You Join The ChampionX Class Action Lawsuit:

Do you, or did you, own shares of ChampionX Corporation (formerly NASDAQ: CHX)?Did you sell your shares between February 29, 2024 and April 1, 2024, inclusive?Did you lose money in your investment in ChampionX Corporation? Investors are encouraged to act promptly and submit a form at ChampionX Corporation Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at [email protected], or call us at (212) 951-2030.

If you wish to serve as lead plaintiff for the Class, you must file papers by July 14, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About The Lawsuit:

A lawsuit was filed on behalf of investors (the “Class”) who sold the common stock of ChampionX between February 29, 2024 and April 1, 2024, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.

The lawsuit alleges that defendants repurchased millions of dollars’ worth of ChampionX shares without disclosing material nonpublic information about Schlumberger Limited’s offers to purchase ChampionX at a premium to then-current prices, which, if disclosed as required, would have indicated to investors that ChampionX’s stock was worth significantly more.

About Bernstein Liebhard:

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2026 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In ChampionX (CHX) To Contact Him Directly To Discuss Their Options

If you sold common stock of ChampionX between February 29, 2024 and April 1, 2024 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ:CHX) in the United States District Court for the Southern District of New York on behalf of all persons and entities who sold common stock of ChampionX between February 29, 2024 and April 1, 2024, both dates inclusive (the “Class Period”).Investors have until July 14, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Allegation Details:

According to the lawsuit, defendants throughout the Class Period failed to disclose material information, which artificially deflated the price of ChampionX common stock. On February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors. During the Class Period, ChampionX's average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger. The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share. Next Steps:

If you purchased or otherwise acquired ChampionX shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

New York, New York--(Newsfile Corp. - June 11, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of common stock of ChampionX Corporation (NASDAQ: CHX) between February 29, 2024 and April 1, 2024, inclusive (the "Class Period"), of the important July 14, 2026 lead plaintiff deadline.

SO WHAT: If you sold ChampionX common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period failed to disclose material information, which artificially deflated the price of ChampionX common stock. On February 29, 2024, ChampionX received an unsolicited non-public offer from Schlumberger Limited to purchase all the outstanding shares of ChampionX for $36.70 per share. On March 7, 2024, Schlumberger raised its offer to $37.80 per share. The lawsuit alleges that while these offers were on the table and unknown to the investing public, ChampionX was repurchasing its common stock at market prices significantly below the prices offered by Schlumberger. ChampionX had an obligation to disclose that it had received a formal acquisition offer from Schlumberger or abstain from purchasing ChampionX stock from unsuspecting investors. During the Class Period, ChampionX's average stock price was $33.32 per share. On Tuesday, April 2, 2024, during pre-market hours, ChampionX disclosed the merger with Schlumberger. The merger eventually closed on July 16, 2025, with Schlumberger acquiring ChampionX for $40.58 per share.

To join the ChampionX class action, go to https://rosenlegal.com/cases/championx-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301232

Source: The Rosen Law Firm PA

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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Esco Technologies (ESE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Esco Technologies is a member of the Business Services sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Esco Technologies is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for ESE's full-year earnings has moved 6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, ESE has gained about 42.1% so far this year. Meanwhile, stocks in the Business Services group have lost about 12.4% on average. As we can see, Esco Technologies is performing better than its sector in the calendar year.

Urgent.ly Inc. is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 83.7%.

For Urgent.ly Inc., the consensus EPS estimate for the current year has increased 3.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Esco Technologies belongs to the Technology Services industry, which includes 109 individual stocks and currently sits at #175 in the Zacks Industry Rank. On average, stocks in this group have lost 14.5% this year, meaning that ESE is performing better in terms of year-to-date returns. Urgent.ly Inc. is also part of the same industry.

Going forward, investors interested in Business Services stocks should continue to pay close attention to Esco Technologies and Urgent.ly Inc. as they could maintain their solid performance.

Shares of ESCO Technologies Inc. (NYSE: ESE - Get Free Report) have been given an average rating of "Buy" by the five ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy

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Two AI Titans Flash Entries As Rocket Lab Readies For Launch While not quite a household name, ESCO Technologies (ESE) is capturing attention from investors. ESCO stock has advanced about 50% year-to-date, helped by strong earnings growth from the provider of advanced technologies required for aerospace and defense systems, utility operations and other sectors. ESCO added to its strong year-to-date performance with a fresh breakout on April 1. Shares jumped 4%…

Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

St. Louis, April 15, 2026 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) today announced that it has agreed to acquire the Megger Group Limited (Megger) business of TBG AG (TBG). Under the terms of the definitive agreement ESCO will acquire Megger for total consideration of $2.35 billion, consisting of $0.9 billion in cash and ESCO equity valued at approximately $1.4 billion. The cash portion will be funded through existing cash on hand and incremental debt, with committed financing in place. The value represents approximately 14x projected 2026 EBITDA, including synergies.

Reflecting their confidence in ESCO’s growth and value creation, TBG has agreed to certain lock-up provisions with respect to its equity ownership in ESCO common stock. Upon closing of the transaction, TBG will have nomination rights for one seat on ESCO’s Board of Directors. 

Megger is a leading global provider of testing, monitoring, and data-driven solutions for utilities and critical electric infrastructure, including industrial, transportation, data center and renewable end markets. Leveraging differentiated software and analytics capabilities, Megger empowers customers to operate with confidence and efficiency. Megger has a strong presence across the globe with key hubs in the United Kingdom, Europe, North America, and Asia.

Megger will become part of ESCO’s Utility Solution Group (USG) segment. Their products and services include battery, cable, circuit breaker, relay, transformer, and motor test equipment, on-line monitoring solutions, and data analytics for grid and electric power assets.

“This transformational transaction will expand our scale and international reach, further strengthening our position as a valued partner to utilities worldwide. The addition of Megger is a major milestone in our strategy to build a scaled, differentiated, high-margin utility solutions platform,” said Bryan Sayler, President and Chief Executive Officer of ESCO Technologies. “We have long admired Megger and view it as an exceptional strategic fit within our USG portfolio. Megger adds a respected and differentiated product portfolio, with highly complementary capabilities, deep technical expertise, and strong customer and supplier relationships.”

“We are incredibly proud of the exceptional platform we have built at Megger and believe ESCO is the ideal partner to accelerate the next stage of growth,” said Jeremy Abson, Chief Executive Officer of TBG. “We believe in the strategic vision of what the Doble and Megger combination can be in the future and are supportive of ESCO’s broader businesses and strategies.”  

Compelling Strategic and Financial Benefits

Adds a complementary portfolio of products: Megger adds complementary test equipment that will expand our product offerings into key new areas across the electric utility end market. Together Doble and Megger will deliver a more comprehensive set of solutions for our regulated electric utility customers.Expands scale and global presence: Megger has a strong global presence and will expand both our product offerings in North America and our served markets in the United Kingdom, Europe, and Asia.    Strong growth profile: Megger is expected to have approximately $590 million in revenue in 2026, with a strong growth outlook for the future, driven by the need to maintain utility assets as they upgrade and expand grid infrastructure globally to meet the increasing demand for electricity.Synergies: Through targeted collaboration between ESCO and Megger, the combination is expected to realize approximately $60 million in cost synergies within the first three years following closing.Continued expansion of ESCO’s exposure to high-growth, profitable end markets: Approximately 85 percent of ESCO’s pro forma revenue is positioned to benefit from secular tailwinds across the Utility and Aerospace & Defense end markets. ESCO Preliminary Q2 2026 Earnings Results
The Company expects to report Q2 2026 results from Continuing Operations which include Revenue of $309 million, GAAP EPS of $1.29, and Adjusted EPS of $1.91. These results reflect another quarter of strong sales growth and margin improvement and are in excess of our prior guidance for the quarter.

The Company will report full second quarter results and an update to the full year outlook after the market close on Thursday, May 7, 2026, followed by a conference call where the financial results and related commentary will be discussed.

Advisors
J.P. Morgan Securities LLC acted as lead financial advisor and Stephens Inc. acted as financial advisor to ESCO. Bryan Cave Leighton Paisner LLP is serving as legal counsel to ESCO. Rothschild & Co acted as financial advisors to Megger and TBG. Willkie Farr & Gallagher LLP is serving as legal counsel to Megger and TBG.

Conference Call
The Company will host a conference call tomorrow, April 16, at 7:30 a.m. Central Time, to discuss the acquisition. A live audio webcast and an accompanying slide presentation will be available in the Investor Center of ESCO’s website.   Participants may also access the webcast using this registration link. For those unable to participate, a webcast replay will be available after the call in the Investor Center of ESCO’s website.

Forward-Looking Statement
Statements contained in this release regarding Management’s expectations for Q2 Fiscal 2026 revenue, GAAP EPS, and Adjusted EPS, as well as future growth, growth strategy, expectations, beliefs and benefits resulting from the acquisition, and other statements which are not strictly historical are considered “forward-looking statements” within the meaning of the safe harbor provisions of the Federal securities laws. Investors are cautioned that such statements are only predictions and speak only as of the date of this release, and the Company undertakes no duty to update them except as may be required by applicable laws or regulations. There is no assurance that the acquisition will be consummated, and there are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. The risks and uncertainties in connection with such forward-looking statements related to the acquisition include, but are not limited to, the ability and timing to consummate the acquisition, including obtaining the required regulatory approvals and financing to fund the acquisition; ESCO’s ability to promptly and effectively integrate the acquired business after the acquisition has closed, and ESCO’s ability to obtain expected cost savings and synergies of the acquisition; operating costs, customer loss and business disruption (including difficulties maintaining relationships with the employees, customers or suppliers of the acquired business) that may be greater than expected following the consummation of the acquisition; and other risks and uncertainties described in Item 1A, Risk Factors, of ESCO’s annual report on Form 10-K for the year ended September 30, 2025.

About ESCO
ESCO Technologies is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products, advanced composites, as well as signature and power management solutions for aviation, Navy, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems; and provides diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries. Headquartered in St. Louis, Missouri, ESCO and its subsidiaries have offices and manufacturing facilities worldwide. For more information on ESCO and its subsidiaries, visit ESCO’s website at www.escotechnologies.com.

ESCO TECHNOLOGIES INC. AND SUBSIDIARIESReconciliation of Non-GAAP Financial Measures (Unaudited)    EPS – Adjusted Basis Reconciliation – Q2 2026   EPS – GAAP Basis Continuing Operations – Q2 2026$1.29 Adjustments (defined below) 0.62 EPS – As Adjusted Basis – Q2 2026$1.91     Adjustments of $0.62 per share consist primarily of: $0.06 of restructuring charges within the Test & USG segments, $0.03 of Corporate acquisition costs and $0.53 of acquisition related amortization.   SOURCE ESCO Technologies Inc.
Kate Lowrey, Vice President of Investor Relations, (314) 213-7277

On April 15, 2026, ESCO Technologies Inc ESE shares fell 3.3% to a current price of $307.70. The stock has experienced significant volatility over the past year, with a 52-week high of $318.51 and a low of $145.09.

GF Value™ verdict: The current price of $307.70 is significantly above the GF Value™ estimate of $170.70, indicating the stock is 80.3% overvalued.GF Score™: ESE has a GF Score™ of 91/100, suggesting it is a strong stock based on various fundamental metrics.Most notable signal: ESE’s financial strength is rated at 8/10, indicating solid financial stability. Is ESE Overvalued or Undervalued? The current price of ESCO Technologies Inc ESE at $307.70 is significantly above the GF Value™ estimate of $170.70, marking the stock as 80.3% overvalued. This discrepancy indicates that the market has priced ESE shares well beyond their intrinsic value, suggesting a potential risk for investors. The GF Valuation label characterizes ESE as "Significantly Overvalued," which implies that a correction may occur if the stock does not meet the optimistic expectations embedded in its current price.

Investors looking at ESE should consider the margin of safety in their investment decisions. An overvalued stock carries the risk of declining prices, especially if future earnings do not support the high valuation. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates, which in this case indicates a significant gap between the stock's market price and its estimated fair value.

How Does ESE's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 26.2x 29.6x Forward P/E 37.9x - Currently, ESCO Technologies has a P/E (TTM) of 26.2x, which is 12% below its 5-year median P/E of 29.6x. The forward P/E of 37.9x suggests that the stock is expected to be valued even higher in the future. This analysis indicates that ESE is trading below its historical valuation levels, yet the current P/E still supports the GF Value™ verdict of overvaluation. While the lower P/E relative to its historical median may seem attractive, the significant difference between the current price and the GF Value™ may offset the potential for future price appreciation.

What Does ESE's GF Score™ Tell Us? Metric Rating GF Score™ 91/100 Financial Strength 8/10 Profitability 8/10 Growth 10/10 Valuation 3/10 Momentum 9/10 The GF Score™ of 91/100 indicates that ESE is a strong candidate for potential long-term returns, supported by its high growth rank of 10/10 and solid financial strength rated at 8/10. However, the valuation rank of 3/10 stands out as a weak area, emphasizing the concern regarding the stock's current market price in relation to its intrinsic value. The overall scores suggest that while the company is fundamentally strong, its current valuation may pose risks for prospective investors.

What Are Insiders Doing with ESE Stock? In the last three months, there have been no insider transactions reported for ESCO Technologies Inc ESE . This lack of activity may suggest that insiders do not see immediate opportunities to buy or sell shares at current price levels, which could be interpreted as a neutral signal. A lack of insider buying could indicate that insiders are not confident in the stock’s near-term prospects given its current valuation.

What This Means for Investors Based on the analysis, ESCO Technologies Inc ESE is currently overvalued according to GF Value™, with significant risks associated with its high market price compared to the estimated intrinsic value. Investors should exercise caution and consider the implications of this overvaluation in their decision-making process.

For the complete analysis, visit the ESCO Technologies Inc ESE stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is ESE's GF Score™?

ESE's GF Score™ is 91/100, indicating a strong investment potential based on various fundamental metrics.

Is ESE overvalued or undervalued?

ESE is currently overvalued, with a significant gap between the market price of $307.70 and the GF Value™ estimate of $170.70.

What is ESE's P/E ratio?

ESE's P/E ratio is 26.2x (TTM), which is below its historical 5-year median of 29.6x, suggesting it may be trading at a more attractive price relative to its past valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

April 16, 2026 12:30 ET  | Source: Megger

Dover, KENT, April 16, 2026 (GLOBE NEWSWIRE) -- Two of the most respected brands in the electrical industry, Doble Engineering and Megger, have announced their strategic merger under the umbrella of ESCO Technologies Inc. Together, these brands bring an unrivalled reputation of innovation, expertise, and trust by their customers to deliver a unified platform for holistic electrical asset management on a global scale. The agreement is subject to regulatory approval and is expected to close within the next six to nine months.

Doble Engineering and Megger Unite

This merger represents the integration of extensive and complementary portfolios and capabilities combining advanced offline test equipment and data, continuous online monitoring, and engineering analytics. The new entity creates a cohesive ecosystem that offers a single source of truth for predictive, condition-based maintenance, setting new benchmarks for operational resilience.

By uniting their diverse strengths, the merged organisation delivers true end-to-end asset lifecycle visibility. Megger’s long-standing focus on portable offline test equipment and multi-asset field instrumentation, supporting everything from factory acceptance testing to periodic maintenance as well as its acclaimed Asset Lifecycle Management Software Platform, opens up opportunities to connect with Doble’s leading offerings in substation testing, condition monitoring, diagnostics, laboratory analytics, and engineering services.

Customers will benefit from this unified approach, gaining access to a comprehensive suite that transforms fragmented data points into actionable insights. Asset owners will realise both enhanced investment planning and significant risk reduction as improved asset health indicators drive more reliable, efficient operations and mitigate unplanned outages across their networks.

The combined company’s monitoring and analytics solutions are engineered to go beyond current industry standards. A heightened focus on safety and operational excellence ensures teams and infrastructure remain protected through early warning systems and proactive strategies.

About Doble

We envision a future where every electrical power system is safe, secure and reliable. Our mission is to equip electrical power system asset owners and operators with the means, knowledge, and insights to meet the increasing demands of this rapidly changing world. That's why Doble is the world's most trusted brand in electrical diagnostics. We provide energy system engineers with the tools, insights, and confidence to anticipate and overcome tomorrow's power demands today.

Doble is part of the Utility Solutions Group of ESCO Technologies Inc. (NYSE: ESE).

www.doble.com

About Megger

Megger is a global leader in delivering precise solutions designed to safeguard the safety, reliability, and efficiency of power and water networks. Through advanced testing, monitoring, software, and expert support, Megger enables customers to protect critical infrastructure and deliver reliable energy to communities and businesses worldwide.

Driven by a commitment to collaboration, consistency, confidence, customer relevance, and creativity, Megger exceeds international safety standards, ensures consistent long-term reliability, and turns complex data into actionable insights. Serving industries such as utilities, renewables, transportation, data centres, and OEMs, Megger addresses requirements for compliance, asset health, and operational resilience.

www.megger.com

Press Inquiries

Amanda Kinbrum
amanda [at] freshb2b.co.uk

St. Louis , April 23, 2026 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE:ESE) will report its second quarter financial results after the market close on Thursday, May 7, 2026, followed by a conference call where the financial results and related commentary will be discussed.  

Event:       Second Quarter 2026 Conference Call
Date:        Thursday, May 7
Time:        4:00 p.m. Central Time

The conference call webcast and an accompanying slide presentation will be available in the Investor Center of ESCO’s website. The slide presentation will be utilized during the call and will be posted on the website prior to the call. Participants may also access the webcast using this registration link.

For those unable to participate, a webcast replay will be available after the call in the Investor Center of ESCO’s website.

ESCO Technologies is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products, advanced composites, as well as signature and power management solutions for aviation, Navy, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems; and provides diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries. Headquartered in St. Louis, Missouri, ESCO and its subsidiaries have offices and manufacturing facilities worldwide. For more information on ESCO and its subsidiaries, visit ESCO’s website at www.escotechnologies.com.

SOURCE ESCO Technologies Inc.
Kate Lowrey, Vice President of Investor Relations, (314) 213-7277

Esco Technologies (ESE - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis maker of smart meters and filtration products is expected to post quarterly earnings of $1.90 per share in its upcoming report, which represents a year-over-year change of +40.7%.

Revenues are expected to be $309.21 million, up 16.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Esco Technologies?For Esco Technologies, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Esco Technologies will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Esco Technologies would post earnings of $1.32 per share when it actually produced earnings of $1.64, delivering a surprise of +24.24%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Esco Technologies doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsCoherent (COHR - Free Report) , another stock in the Zacks Technology Services industry, is expected to report earnings per share of $1.41 for the quarter ended March 2026. This estimate points to a year-over-year change of +55%. Revenues for the quarter are expected to be $1.78 billion, up 18.8% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Coherent has been revised 0.2% up to the current level. Nevertheless, the company now has an Earnings ESP of +3.08%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Coherent will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Esco Technologies (ESE - Free Report) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.9 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +0.53%. A quarter ago, it was expected that this maker of smart meters and filtration products would post earnings of $1.32 per share when it actually produced earnings of $1.64, delivering a surprise of +24.24%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Esco Technologies, which belongs to the Zacks Technology Services industry, posted revenues of $309.34 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.04%. This compares to year-ago revenues of $265.52 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Esco Technologies shares have added about 71.8% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for Esco Technologies?While Esco Technologies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Esco Technologies was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.07 on $335.12 million in revenues for the coming quarter and $8.10 on $1.31 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Safe Pro Group Inc. (SPAI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026.

This company is expected to post quarterly loss of $0.15 per share in its upcoming report, which represents a year-over-year change of +44.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Safe Pro Group Inc.'s revenues are expected to be $0.81 million, up 327.9% from the year-ago quarter.

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3 hours ago

Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 261,055 Shares of StockMarketBeat

Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

NYSE:BROS

Read Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 261,055 Shares of Stock

3 hours ago

Travis Boersma Sells 749,999 Shares of Dutch Bros (NYSE:BROS) StockMarketBeat

Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 749,999 shares of Dutch Bros stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.39, for a total transaction of $45,292,439.61. Following the completion of the sale, the chairman owned 2,671,855 shares of the company's stock, valued at $161,353,323.45. This represents a 21.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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NRG Energy is upgraded to a "Buy," capitalizing on AI-driven electrification and robust long-term growth guidance. NRG posted record FY 2025 results, with adjusted EBITDA of $4.1 billion and EPS of $8.24, exceeding guidance and supporting a 14%+ EPS CAGR target through 2030. Valuation is attractive: assuming $11 normalized EPS and a 17x multiple, shares could trade above $190, well below sector P/E norms.

HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE: NRG) today announced financial results for the first quarter ended March 31, 2026, and reports GAAP Net Income of $125 million, GAAP Earnings per Share (EPS) — basic of $0.52, and GAAP Cash Used by Operating Activities of $(169) million. The Company's non-GAAP metrics are Adjusted Net Income of $308 million, Adjusted EPS of $1.49, Adjusted EBITDA of $1,080 million, and Free Cash Flow before Growth Investments (FCFbG) of $(66) million for the first quarter of 2026.

"Our team executed well this quarter. The fleet performed, and our retail and commercial businesses delivered affordable, reliable power to the customers and communities that count on us,” said Robert Gaudette, President & CEO. “Demand for our product continues to grow, and NRG has the platform, the people and the assets to capitalize on the opportunity ahead. We have momentum across the business and are well-positioned heading into summer. I am grateful to Larry for his leadership, proud of this team and focused on deploying capital with discipline to create durable, long-term value.”

Consolidated Financial Results

Table 1:

Three Months Ended

(In millions, except per share amounts)

3/31/2026

3/31/2025

GAAP Net Income

$

125

$

750

Adjusted Net Incomea b

$

308

$

531

GAAP EPS — basicc

$

0.52

$

3.70

Adjusted EPSa d

$

1.49

$

2.68

Adjusted EBITDAa

$

1,080

$

1,126

GAAP Cash (Used)/Provided by Operating Activities

$

(169

)

$

855

Free Cash Flow Before Growth Investments (FCFbG)a

$

(66

)

$

293

a Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, and FCFbG are non-GAAP financial measures; see Appendix tables A-1 through A-3 for GAAP reconciliations. Adjusted EPS, Adjusted Net Income, and Adjusted EBITDA exclude fair value adjustments related to derivatives

b Adjusted Net Income as shown here is 'Adjusted Net Income available for common stockholders'; see Appendix tables A-1 and A-2

c GAAP Net Income per Weighted Average Common Share - Basic

d Adjusted EPS calculated based on Adjusted Net Income divided by weighted average number of common shares outstanding - basic

NRG reported a GAAP Net Income of $125 million, a decrease of $625 million for the first quarter of 2026 compared to the same period in 2025. This decrease was primarily due to unrealized non-cash losses from mark-to-market economic hedges, driven by a decrease in natural gas prices, as compared to prior year which saw gains. Certain economic hedge positions are required to be marked-to-market each period, while the associated customer contracts are not. This accounting treatment can result in temporary unrealized gains or losses that do not reflect the expected economics at settlement. Results were further impacted by mild weather in Texas and increased supply costs in the East, as reflected in the Adjusted EBITDA results below, along with receipt of W.A. Parish insurance proceeds in the first quarter of 2025.

Adjusted Net Income for the first quarter 2026 is $308 million, $223 million lower than prior year, primarily driven by a $46 million decrease in Adjusted EBITDA, which includes the financial impacts described in the segment results below, in addition to higher interest expense and depreciation and amortization related to the completed acquisition of generation assets and CPower from LS Power. Adjusted EPS is $1.49 for the first quarter 2026, $1.19 lower than prior year. The first quarter 2026 Adjusted EPS results include the financial impacts from Adjusted Net Income and impacts of shares issued as part of the completed acquisition of generation assets and CPower from LS Power.

Reaffirming 2026 Guidance

NRG is reaffirming its guidance for 2026 as set forth below.

Table 2: Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, and FCFbG Guidance for 2026a

2026

(In millions, except per share amounts)

Guidance

Adjusted Net Income

$1,685 - $2,115

Adjusted EPS

$7.90 - $9.90

Adjusted EBITDA

$5,325 - $5,825

FCFbG

$2,800 - $3,300

a Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, and FCFbG are non-GAAP financial measures; see Appendix tables A-5 and A-6 for GAAP reconciliations. Adjusted Net Income, Adjusted EPS, and Adjusted EBITDA exclude fair value adjustments related to derivatives. The Company does not guide to GAAP Net Income due to the impact of such fair value adjustments related to derivatives in a given year.

2026 Capital Allocation

The Company plans to return $1.0 billion to shareholders through share repurchases and approximately $407 million through common stock dividends in 2026, as part of its previously announced 2026 capital allocation plan. Through April 30, 2026, the Company completed $817 million in share repurchases and distributed $102 million in common stock dividends.

On April 28, 2026, NRG closed on $2.6 billion of Senior Unsecured Notes and Senior Secured Notes, and $900 million of new Term Loan B. The proceeds will be utilized to repay the $1.5 billion 2032 Lightning Senior Secured Notes, related transaction fee, expenses and premiums, and a portion of the outstanding borrowings under the NRG revolving credit facility. These refinancings will create more than $10 million of annual interest savings, while extending average debt maturities and shifting nearly $1.0 billion of debt from secured to unsecured.

On April 21, 2026, NRG declared a quarterly dividend of $0.475 per common share, or $1.90 per share on an annualized basis. The dividend is payable on May 15, 2026, to common stockholders of record as of May 1, 2026.

NRG's share repurchase program and common stock dividend are subject to maintaining satisfactory credit metrics, available capital, market conditions, and compliance with associated laws and regulations. The timing and amount of any shares of common stock repurchased under the share repurchase authorization will be determined by NRG’s management based on market conditions and other factors. NRG will only repurchase shares when management believes it would not jeopardize the Company’s ability to maintain satisfactory credit ratings.

NRG Strategic Developments

Leadership Succession

On April 30, 2026, Robert Gaudette, President, succeeded Larry Coben as Chief Executive Officer, and Antonio Carrillo succeeded Dr. Coben as Chair of the Board, completing the leadership transition announced on January 7, 2026. Mr. Gaudette was also elected to serve on the Board of Directors at the 2026 Annual Meeting of Shareholders. Dr. Coben will serve as an advisor to NRG through the end of 2026.

Texas Energy Fund (TEF)

The Company expects commercial operations at its first project, the 415 MW T.H. Wharton facility, by the end of May 2026. All three of NRG's TEF projects, totaling 1.5 GW of new generation, remain on track and on budget. These projects highlight NRG’s dedication to providing reliable, affordable power generation to support the increasing energy demands of Texas consumers.

Segment Results

Table 3: Adjusted EBITDAa

(In millions)

Three Months Ended

Segment

3/31/2026

3/31/2025

Texas

$

216

$

299

East

464

474

West/Otherb

106

73

Vivint Smart Home

294

280

Adjusted EBITDA

$

1,080

$

1,126

a Adjusted EBITDA is a non-GAAP financial measure; see Appendix tables A-1 and A-2 for GAAP reconciliation of Adjusted EBITDA (by operating segment) to GAAP Net Income (by operating segment). Adjusted EBITDA excludes fair value adjustments related to derivatives

b Includes Corporate activities

Texas: First quarter 2026 Adjusted EBITDA is $216 million, $83 million lower than the prior year. The decrease is primarily driven by mild winter weather, including a ~30% decrease in heating degree days as compared to prior year leading to lower retail load, and additional operating expenses for the new generation assets.

East: First quarter 2026 Adjusted EBITDA is $464 million, $10 million lower than the prior year. The decrease is primarily driven by higher power supply costs during Winter Storm Fern, partially offset by the contribution of the generation assets and CPower acquired from LS Power.

West/Other: First quarter 2026 Adjusted EBITDA is $106 million, $33 million higher than the prior year. The increase is primarily driven by lower power supply costs.

Vivint Smart Home: First quarter 2026 Adjusted EBITDA is $294 million, $14 million higher than the prior year. The increase is attributable to strong growth in customer count and an increase in monthly recurring service margin per customer.

Liquidity and Capital Resources

Table 4: Corporate Liquidity

(In millions)

3/31/26

12/31/25

Cash and Cash Equivalents

$

178

$

4,708

Restricted Cash

57

30

Total

$

235

$

4,738

Total availability under revolving credit facility and collective collateral facilitiesa

3,015

4,890

Total liquidity, excluding funds deposited by counterparties

$

3,250

$

9,628

a Total capacity of the revolving credit facility and collective collateral facilities was $9.3 billion and $7.7 billion as of March 31, 2026 and December 31, 2025, respectively

As of March 31, 2026, NRG's unrestricted cash was approximately $0.2 billion, and $3.0 billion was available under the Company’s credit facilities. Total liquidity was $3.3 billion, which was $6.4 billion lower than December 31, 2025, primarily driven by the use of cash and borrowings under the revolving credit facility to fund the acquisition of generation assets and CPower from LS Power.

Earnings Conference Call

On May 6, 2026, NRG will host a conference call at 9:00 a.m. Eastern (8:00 a.m. Central) to discuss these results. Investors, the news media and others may access the live webcast of the conference call and accompanying presentation materials through the investor relations website under “presentations and webcasts” on investors.nrg.com. The webcast will be archived on the site for those unable to listen in real-time.

About NRG

NRG is a leading provider of electricity, natural gas, and smart home solutions to eight million customers across North America. The company operates a customer-first platform supported by a diversified supply strategy and the safe, reliable operation of approximately 25 GW of power generation. NRG plays a meaningful role in competitive energy markets and our innovative team is creating the flexible and affordable solutions that households and large businesses need today and in the future.

Forward-Looking Statements

In addition to historical information, the information presented in this press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks and uncertainties and can typically be identified by terminology such as “may,” “should,” “could,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “expect,” “intend,” “seek,” “plan,” “think,” “anticipate,” “estimate,” “predict,” “target,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements include, but are not limited to, statements about NRG's future revenues, income, indebtedness, capital structure, plans, expectations, objectives, projected financial performance and/or business results and other future events, and views of economic and market conditions.

Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated herein include, among others, general economic conditions, the imposition of tariffs, the escalation of international trade disputes, and the occurrence or re-escalation of geopolitical conflicts (including the hostilities with Iran and the conflicts in the Middle East) and inflationary impacts resulting therefrom, risks associated with the integration of the portfolio of assets acquired from LS Power, including potential disruption to ongoing operations and other transition difficulties, the inability of the combined company to realize expected synergies and benefits of integration (or that it takes longer than expected) which may result in the combined company not operating as effectively as expected, the emergence of hazards customary in the power industry, weather conditions and extreme weather events, competition in wholesale power, gas and smart home markets, the volatility of energy and fuel prices, the volatility in demand for power and gas, customer affordability concerns that may constrain the pricing of NRG's products and services and limit its ability to recover costs, the failure of customers or counterparties to perform under contracts, changes in the wholesale power and gas markets, the failure of NRG’s expectations regarding load growth to materialize, changes in government or market regulations, the condition of capital markets generally and NRG’s ability to access capital markets, NRG’s ability to execute its supply strategy, risks related to data privacy, cyberterrorism and inadequate cybersecurity, the loss of data, unanticipated outages at NRG’s generation facilities, operational and reputational risks related to the use of artificial intelligence and the adherence to developing laws and regulations related to the use thereof, NRG’s ability to achieve its net debt targets, adverse results in current and future litigation, complaints, product liability claims and/or adverse publicity, failure to identify, execute or successfully implement acquisitions or asset sales, risks of the smart home and security industry, including risks of and publicity surrounding the sales, customer origination and retention process, the impact of changes in consumer spending patterns, consumer preferences, geopolitical tensions, demographic trends, supply chain disruptions, NRG’s ability to implement value enhancing improvements to plant operations and company wide processes, NRG’s ability to achieve or maintain investment grade credit metrics, NRG’s ability to proceed with projects under development or the inability to complete the construction of such projects on schedule or within budget, the inability to maintain or create successful partnering relationships, NRG’s ability to operate its business efficiently, NRG’s ability to retain customers, the ability to successfully integrate businesses of acquired assets or companies (including the portfolio acquisition from LS Power), NRG’s ability to realize anticipated benefits of transactions (including expected cost savings and other synergies) or the risk that anticipated benefits may take longer to realize than expected, NRG’s ability to execute its capital allocation plan, and the other risks and uncertainties discussed in this release and in our Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission (the "SEC"). Achieving investment grade credit metrics is not an indication of or guarantee that NRG will receive investment grade credit ratings. Debt and share repurchases may be made from time to time subject to market conditions and other factors, including as permitted by United States securities laws. Furthermore, any common stock dividend is subject to available capital and market conditions.

NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The Adjusted EBITDA, adjusted cash provided by operating activities, Free Cash Flow before Growth, Adjusted Net Income, and Adjusted EPS guidance are estimates as of May 6, 2026. These estimates are based on assumptions NRG believed to be reasonable as of that date. NRG disclaims any current intention to update such guidance, except as required by law. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this press release should be considered in connection with information regarding risks and uncertainties that may affect NRG's future results included in NRG's filings with the SEC at www.sec.gov. For a more detailed discussion of these factors, see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in NRG’s most recent Annual Report on Form 10-K, and in subsequent SEC filings. NRG’s forward-looking statements speak only as of the date of this communication or as of the date they are made.

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

  Three months ended March 31,

(In millions, except per share amounts)

2026

2025

Revenue

Revenue

$

10,256

$

8,585

Operating Costs and Expenses

Cost of operations (excluding depreciation and amortization shown below)

8,858

6,561

Depreciation and amortization

432

326

Selling, general and administrative costs (excluding amortization of customer acquisition costs of $87 and $65, respectively, which are included in depreciation and amortization shown separately above)

593

549

Acquisition-related transaction and integration costs

45

8

Total operating costs and expenses

9,928

7,444

Loss on sale of assets

—

(7

)

Operating Income

328

1,134

Other Income/(Expense)

Other income, net

40

14

Interest expense

(285

)

(163

)

Total other expense

(245

)

(149

)

Income Before Income Taxes

83

985

Income tax (benefit)/expense

(42

)

235

Net Income

$

125

$

750

Less: Cumulative dividends attributable to Series A Preferred Stock

17

17

Net Income Available for Common Stockholders

$

108

$

733

Income per Share

Weighted average number of common shares outstanding — basic

207

198

Income per Weighted Average Common Share — Basic

$

0.52

$

3.70

Weighted average number of common shares outstanding — diluted

208

203

Income per Weighted Average Common Share — Diluted

$

0.52

$

3.61

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

  Three months ended March 31,

(In millions)

2026

2025

Net Income

$

125

$

750

Other Comprehensive (Loss)/Income

Foreign currency translation adjustments

(1

)

2

Defined benefit plans

(2

)

—

Other comprehensive (loss)/income

(3

)

2

Comprehensive Income

$

122

$

752

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

  March 31, 2026

December 31, 2025

(In millions, except share data)

(Unaudited)

(Audited)

ASSETS

Current Assets

Cash and cash equivalents

$

178

$

4,708

Funds deposited by counterparties

176

260

Restricted cash

57

30

Accounts receivable, net

3,777

4,065

Inventory

665

461

Derivative instruments

3,081

2,189

Cash collateral paid in support of energy risk management activities

606

365

Prepayments and other current assets

1,382

1,069

Total current assets

9,922

13,147

Property, plant and equipment, net

13,533

3,632

Other Assets

Operating lease right-of-use assets, net

153

130

Goodwill

8,881

5,017

Customer relationships, net

1,255

1,203

Other intangible assets, net

1,207

1,106

Derivative instruments

1,704

1,568

Deferred income taxes

1,796

1,843

Other non-current assets

1,602

1,494

Total other assets

16,598

12,361

Total Assets

$

40,053

$

29,140

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities

Current portion of long-term debt and finance leases

$

3,375

$

31

Current portion of operating lease liabilities

38

35

Accounts payable

2,485

2,834

Derivative instruments

3,230

2,257

Cash collateral received in support of energy risk management activities

176

260

Deferred revenue current

727

748

Accrued expenses and other current liabilities

1,816

1,864

Total current liabilities

11,847

8,029

Other Liabilities

Long-term debt and finance leases

19,779

16,412

Non-current operating lease liabilities

165

144

Derivative instruments

1,461

1,103

Deferred income taxes

139

15

Deferred revenue non-current

868

895

Other non-current liabilities

920

861

Total other liabilities

23,332

19,430

Total Liabilities

35,179

27,459

Commitments and Contingencies

Stockholders’ Equity

Preferred stock; 10,000,000 shares authorized; 650,000 Series A shares issued and outstanding at March 31, 2026 and December 31, 2025, aggregate liquidation preference of $650; at March 31, 2026 and December 31, 2025

650

650

Common stock; $0.01 par value; 500,000,000 shares authorized; 224,850,164 and 199,828,615 shares issued and 212,762,887 and 190,376,607 shares outstanding at March 31, 2026 and December 31, 2025, respectively

2

2

Additional paid-in-capital

3,868

215

Retained earnings

1,969

1,982

Treasury stock, at cost; 12,087,277 shares and 9,452,008 shares at March 31, 2026, and December 31, 2025, respectively

(1,531

)

(1,087

)

Accumulated other comprehensive loss

(84

)

(81

)

Total Stockholders’ Equity

4,874

1,681

Total Liabilities and Stockholders’ Equity

$

40,053

$

29,140

NRG ENERGY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

  Three months ended March 31,

(In millions)

2026

2025

Cash Flows from Operating Activities

Net Income

$

125

$

750

Adjustments to reconcile net income to cash (used)/provided by operating activities:

Depreciation of property, plant and equipment and amortization of customer relationships and other intangible assets

277

218

Amortization of capitalized contract costs

155

108

Net accretion of/(gain) on asset retirement obligations

7

(10

)

Provision for credit losses

59

56

Amortization of financing costs and debt discounts

5

6

Amortization of in-the-money contracts and emissions allowances

36

44

Amortization of unearned equity compensation

41

29

Net loss on sale of assets and disposal of assets

3

8

Gain on proceeds from insurance recoveries for property, plant and equipment, net

—

(100

)

Changes in derivative instruments

190

(320

)

Changes in current and deferred income taxes and liability for uncertain tax benefits

(56

)

143

Changes in collateral deposits in support of risk management activities

(142

)

623

Cash provided/(used) by changes in other working capital:

Accounts receivable - trade

809

(78

)

Inventory

(29

)

92

Prepayments and other current assets

(196

)

(179

)

Accounts payable

(910

)

(196

)

Accrued expenses and other current liabilities

(315

)

(185

)

Other assets and liabilities

(228

)

(154

)

Cash (used)/provided by operating activities

$

(169

)

$

855

Cash Flows from Investing Activities

Payments for acquisitions of businesses and assets, net of cash acquired

$

(6,755

)

$

(20

)

Capital expenditures

(317

)

(217

)

Proceeds from sales of assets

—

6

Net purchases of emissions allowances

—

(3

)

Proceeds from insurance recoveries for property, plant and equipment, net

—

100

Cash used by investing activities

$

(7,072

)

$

(134

)

Cash Flows from Financing Activities

Equivalent shares purchased in lieu of tax withholdings

$

(79

)

$

(40

)

Payments for share repurchase activity and excise tax

(481

)

(314

)

Payments of dividends to preferred and common stockholders

(135

)

(121

)

Proceeds from issuance of long-term debt

57

—

Repayments of long-term debt and finance leases

(12

)

(5

)

Payments of deferred financing costs

(42

)

(3

)

Net receipts from settlement of acquired derivatives that include financing elements

19

25

Proceeds from credit facilities

4,850

—

Repayments to credit facilities

(1,525

)

—

Cash provided/(used) by financing activities

$

2,652

$

(458

)

Effect of exchange rate changes on cash and cash equivalents

2

2

Net (Decrease)/Increase in Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash

(4,587

)

265

Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at Beginning of Period

4,998

1,173

Cash and Cash Equivalents, Funds Deposited by Counterparties and Restricted Cash at End of Period

$

411

$

1,438

Appendix Table A-1: First Quarter 2026 Adjusted EBITDA and Adjusted Net Income Reconciliation by Operating Segment and Consolidated Adjusted EPS Reconciliation

The following table summarizes the calculation of Adjusted EBITDA, Adjusted Net Income and Adjusted EPS and provides a reconciliation from Net Income/(Loss) Available for Common Stockholders:

(In millions, except per share amounts)

Texas

East

West/ Other

Vivint Smart Home

Corp/Elim

Total

Earnings Per Share, Basic 6, 7

Earnings Per Share, Diluted 6, 7

Net Income/(Loss) Available for Common Stockholders

$

29

$

238

$

45

$

75

$

(279

)

$

108

$

0.52

$

0.52

Cumulative dividends attributable to Series A Preferred Stock

17

17

0.08

0.08

Net Income/(Loss)

$

29

$

238

$

45

$

75

$

(262

)

$

125

$

0.60

$

0.60

Plus:

Interest expense, net

—

—

—

—

241

241

1.16

1.16

Income tax (benefit)

—

—

—

—

(42

)

(42

)

(0.20

)

(0.20

)

Depreciation and amortization

108

102

8

200

14

432

2.09

2.08

ARO expense

3

4

—

—

—

7

0.03

0.03

Contract and emission credit amortization, net

2

8

1

—

—

11

0.05

0.05

Stock-based compensation1

21

11

1

10

—

43

0.21

0.21

Acquisition and divestiture integration and transaction costs

—

—

—

—

45

45

0.22

0.22

Cost to achieve

2

—

—

6

1

9

0.04

0.04

Deactivation costs

—

1

—

—

—

1

—

—

Other and non-recurring charges

—

—

(1

)

3

1

3

0.01

0.01

Mark to market (MtM) loss on economic hedges2

51

100

54

—

—

205

0.99

0.99

Adjusted EBITDA

$

216

$

464

$

108

$

294

$

(2

)

$

1,080

$

5.22

$

5.19

Adjusted interest expense, net3

—

—

—

—

(247

)

(247

)

(1.19

)

(1.19

)

Depreciation and amortization

(108

)

(102

)

(8

)

(200

)

(14

)

(432

)

(2.09

)

(2.08

)

Adjusted Income before income taxes

108

362

100

94

(263

)

401

1.94

1.93

Adjusted income tax expense4

—

—

—

—

(76

)

(76

)

(0.37

)

(0.37

)

Adjusted Net Income before Preferred Stock dividends

108

362

100

94

(339

)

325

1.57

1.56

Cumulative dividends attributable to Series A Preferred Stock

—

—

—

—

(17

)

(17

)

(0.08

)

(0.08

)

Adjusted Net Income5

$

108

$

362

$

100

$

94

$

(356

)

$

308

$

1.49

$

1.48

1 Stock-based compensation includes employee stock purchase plan expense

2 Loss of $205 million was primarily driven by unrealized non-cash mark-to-market losses on economic hedges in East and West due to decreases in natural gas prices and CAISO and Alberta power prices

3 Excludes mark-to-market gain on interest hedges of $6 million

4 Income tax calculated using Adjusted effective tax rate (ETR) on Adjusted Income before income taxes. Adjusted ETR includes impact of NRG’s tax credits as well as non-recurring tax items, using CAMT rate to accrue tax. Other adjustments are shown on pre-tax basis

5 Adjusted Net Income as shown here is 'Adjusted Net Income available for common stockholders'

6 Items may not sum due to rounding

7 Earnings per share amounts are based on weighted average number of common shares outstanding - basic of 207 million and on weighted average number of common shares outstanding - diluted of 208 million for the three months ended March 31, 2026

First Quarter 2026 condensed financial information by Operating Segment:

(In millions, except per share amounts)

Texas

East

West/Other

Vivint Smart Home

Corp/Elim

Total

Revenue1

$

2,393

$

6,470

$

864

$

578

$

(13

)

$

10,292

Cost of fuel, purchased power and other cost of sales2

1,708

5,671

711

52

(1

)

8,141

Economic gross margin

685

799

153

526

(12

)

2,151

Operations & maintenance and other cost of operations3

270

169

14

71

—

524

Selling, marketing, general and administrative4

198

167

29

161

(9

)

546

Other

1

(1

)

2

—

(1

)

1

Adjusted EBITDA

$

216

$

464

$

108

$

294

$

(2

)

$

1,080

Adjusted interest expense, net5

—

—

—

—

(247

)

(247

)

Depreciation and amortization

(108

)

(102

)

(8

)

(200

)

(14

)

(432

)

Adjusted Income before income taxes

108

362

100

94

(263

)

401

Adjusted income tax expense5

—

—

—

—

(76

)

(76

)

Adjusted Net Income before Preferred Stock dividends

108

362

100

94

(339

)

325

Cumulative dividends attributable to Series A Preferred Stock

—

—

—

—

(17

)

(17

)

Adjusted Net Income5

$

108

$

362

$

100

$

94

$

(356

)

$

308

Weighted average number of common shares outstanding - basic

207

Adjusted EPS

$

1.49

1 Excludes MtM loss of $42 million and contract amortization of $(6) million

2 Includes TDSP expense, capacity and emission credits

3 Excludes ARO expense of $7 million, stock-based compensation of $5 million and deactivation costs of $1 million

4 Excludes stock-based compensation of $38 million and cost to achieve of $9 million

5 See previous table for details

Appendix Table A-2: First Quarter 2025 Adjusted EBITDA and Adjusted Net Income Reconciliation by Operating Segment and Consolidated Adjusted EPS Reconciliation

The following table summarizes the calculation of Adjusted EBITDA, Adjusted Net Income and Adjusted EPS and provides a reconciliation from Net Income/(Loss) Available for Common Stockholders:

(In millions, except per share amounts)

Texas

East

West/ Other

Vivint Smart Home

Corp/Elim

Total

Earnings Per Share, Basic 7, 8

Earnings Per Share, Diluted 7, 8

Net Income/(Loss) Available for Common Stockholders

$

337

$

705

$

66

$

54

$

(429

)

$

733

$

3.70

$

3.61

Cumulative dividends attributable to Series A Preferred Stock

17

17

0.09

0.08

Net Income/(Loss)

$

337

$

705

$

66

$

54

$

(412

)

$

750

$

3.79

$

3.69

Plus:

Interest expense, net

—

—

—

—

149

149

0.75

0.73

Income tax expense

—

—

—

—

235

235

1.19

1.16

Depreciation and amortization

83

37

9

186

11

326

1.65

1.61

ARO expense/(gain)

4

(14

)

—

—

—

(10

)

(0.05

)

(0.05

)

Contract and emission credit amortization, net

1

29

—

—

—

30

0.15

0.15

Stock-based compensation1

9

4

1

13

—

27

0.14

0.13

Acquisition and divestiture integration and transaction costs1

—

—

—

1

10

11

0.06

0.05

Cost to achieve1

—

—

—

—

3

3

0.02

0.01

Deactivation costs

3

2

—

—

—

5

0.03

0.02

Loss on sale of assets

—

—

7

—

—

7

0.04

0.03

Other and non-recurring charges2

(100

)

—

1

26

(3

)

(76

)

(0.38

)

(0.37

)

Mark to market (MtM) (gain) on economic hedges3

(38

)

(289

)

(4

)

—

—

(331

)

(1.67

)

(1.63

)

Adjusted EBITDA

$

299

$

474

$

80

$

280

$

(7

)

$

1,126

$

5.69

$

5.55

Adjusted interest expense, net4

—

—

—

—

(140

)

(140

)

(0.71

)

(0.69

)

Depreciation and amortization

(83

)

(37

)

(9

)

(186

)

(11

)

(326

)

(1.65

)

(1.61

)

Adjusted Income before income taxes

216

437

71

94

(158

)

660

3.33

3.25

Adjusted income tax expense5

—

—

—

—

(112

)

(112

)

(0.57

)

(0.55

)

Adjusted Net Income before Preferred Stock dividends

216

437

71

94

(270

)

548

2.77

2.70

Cumulative dividends attributable to Series A Preferred Stock

—

—

—

—

(17

)

(17

)

(0.09

)

(0.08

)

Adjusted Net Income6

$

216

$

437

$

71

$

94

$

(287

)

$

531

$

2.68

$

2.62

1 Stock-based compensation of $1 million is reflected in acquisition and divestiture integration and transaction costs and $1 million in cost to achieve. Stock-based compensation includes employee stock purchase plan expense

2 Includes $(100) million of property insurance proceeds and reserves for legal matters

3 Gain of $(331) million was primarily driven by unrealized non-cash mark-to-market gains on economic hedges in the East due to large movements in natural gas and power prices

4 Excludes mark-to-market loss on interest hedges of $9 million

5 Income tax calculated using Adjusted ETR on Adjusted Income before income taxes. Adjusted ETR includes impact of NRG’s tax credits as well as non-recurring tax items, using CAMT rate to accrue tax. Other adjustments are shown on pre-tax basis

6 Adjusted Net Income as shown here is 'Adjusted Net Income available for common stockholders'

7 Items may not sum due to rounding

8 Earnings per share amounts are based on weighted average number of common shares outstanding - basic of 198 million and on weighted average number of common shares outstanding - diluted of 203 million for the three months ended March 31, 2025

First Quarter 2025 condensed financial information by Operating Segment:

(In millions, except per share amounts)

Texas

East

West/Other

Vivint Smart Home

Corp/Elim

Total

Revenue1

$

2,435

$

4,601

$

1,068

$

511

$

(10

)

$

8,605

Cost of fuel, purchased power and other cost of sales2

1,698

3,860

925

36

(3

)

6,516

Economic gross margin

737

741

143

475

(7

)

2,089

Operations & maintenance and other cost of operations3

242

131

34

62

(1

)

468

Selling, marketing, general & administrative4

196

139

33

133

1

502

Other

—

(3

)

(4

)

—

—

(7

)

Adjusted EBITDA

$

299

$

474

$

80

$

280

$

(7

)

$

1,126

Adjusted interest expense, net5

—

—

—

—

(140

)

(140

)

Depreciation and amortization

(83

)

(37

)

(9

)

(186

)

(11

)

(326

)

Adjusted Income before income taxes

216

437

71

94

(158

)

660

Adjusted income tax expense5

—

—

—

—

(112

)

(112

)

Adjusted Net Income before Preferred Stock dividends

216

437

71

94

(270

)

548

Cumulative dividends attributable to Series A Preferred Stock

—

—

—

—

(17

)

(17

)

Adjusted Net Income5

$

216

$

437

$

71

$

94

$

(287

)

$

531

Weighted average number of common shares outstanding - basic

198

Adjusted EPS

$

2.68

1 Excludes MtM loss of $15 million and contract amortization of $5 million

2 Includes TDSP expense, capacity and emission credits

3 Excludes deactivation costs of $5 million, stock-based compensation of $2 million, ARO gain of $(10) million and other and non-recurring charges of $(99) million

4 Excludes stock-based compensation of $25 million, other and non-recurring charges of $16 million, cost to achieve of $3 million, and acquisition and divestiture integration and transaction costs of $3 million

5 See previous table for details

Appendix Table A-3: Three Months Ended March 31, 2026 and 2025 Free Cash Flow before Growth Investments (FCFbG)

The following table summarizes the calculation of FCFbG providing a reconciliation from Adjusted EBITDA and Cash provided by operating activities:

Three Months Ended

(In millions)

3/31/26

3/31/25

Adjusted EBITDA

$

1,080

$

1,126

Interest payments, net

(182

)

(138

)

Income tax payments

(29

)

(7

)

Gross capitalized contract costs

(205

)

(175

)

Collateral/working capital/other assets and liabilities

(833

)

49

Cash (used)/provided by operating activities

(169

)

855

Net receipts from settlement of acquired derivatives that include financing elements

19

25

Acquisition and divestiture integration and transaction costs1

52

12

Adjustment for change in collateral

142

(623

)

Other

(21

)

3

Adjusted cash provided by operating activities

23

272

Maintenance capital expenditures, net2

(94

)

15

Environmental capital expenditures

(5

)

(5

)

Cost of acquisition

10

11

Free Cash Flow before Growth Investments (FCFbG)

$

(66

)

$

293

1 Three months ended 3/31/26 includes $45 million from acquisition and divestiture integration and transaction costs and $9 million cost to achieve payments (see Appendix table A-1), less $2 million non-cash adjustments; three months ended 3/31/25 includes $11 million from acquisition and divestiture integration and transaction costs and $3 million cost to achieve payments (see Appendix table A-2), less $2 million non-cash adjustments

2 Three months ended 3/31/25 is presented net of W.A. Parish Unit 8 insurance recoveries related to property, plant, and equipment of $100 million

Appendix Table A-4: Three Months Ended March 31, 2026 Sources and Uses of Liquidity

The following table summarizes the sources and uses of liquidity for the three months ended March 31, 2026:

(In millions)

Three months ended March 31, 2026

Sources:

Adjusted cash provided by operating activities

$

23

Proceeds from credit facilities, net

4,850

Proceeds from issuance of long-term debt

57

Other

22

Uses:

Payments for acquisitions of businesses and assets, net of cash acquired

(6,755

)

Change in availability under revolving credit facility and collective collateral facilities

(1,875

)

Repayments to credit facilities

(1,525

)

Payments for share repurchase activity

(481

)

Investments and integration capital expenditures

(218

)

Payments of dividends to preferred and common stockholders

(135

)

Maintenance and environmental capital expenditures

(99

)

Equivalent shares purchased in lieu of tax withholdings

(79

)

Cash collateral paid in support of energy risk management activities

(57

)

Acquisition and divestiture integration and transaction costs1

(52

)

Payments of deferred financing costs

(42

)

Repayments of long-term debt and finance leases

(12

)

Change in Total Liquidity

$

(6,378

)

1 Three months ended 3/31/26 includes $45 million from acquisition and divestiture integration and transaction costs and $9 million cost to achieve payments (see Appendix table A-1), less $2 million non-cash adjustments

Appendix Table A-5: 2026 Guidance Reconciliation

The following table summarizes the 2026 Guidance calculations of Adjusted EBITDA, Adjusted Net Income and Adjusted EPS and provides a reconciliation from Net Income:

2026

(In millions, except per share amounts)

Guidance8,9

Net Income1

$1,325 - $1,755

Interest expense, net

1,195

Income tax expense2

490 - 560

Depreciation and amortization3

1,955

ARO expense

30

Stock-based compensation

120

Acquisition and divestiture integration and transaction costs

110

Other4

100

Adjusted EBITDA

$5,325 - $5,825

Adjusted interest expense, net5

(1,195)

Depreciation and amortization3

(1,955)

Adjusted Income before income taxes

$2,175 - $2,675

Adjusted income tax expense6

(423) - (493)

Adjusted Net Income before Preferred Stock dividends

$1,752 - $2,182

Cumulative dividends attributable to Series A Preferred Stock

(67)

Adjusted Net Income7

$1,685 - $2,115

Weighted average number of common shares outstanding - basic

214

Adjusted EPS

$7.90 - $9.90

1 The Company does not guide to Net Income due to the impact of fair value adjustments related to derivatives in a given year. For purposes of guidance, fair value adjustments related to derivatives are assumed to be zero

2 Represents anticipated GAAP income tax

3 Estimates for the acquired LS Power assets are provisional and subject to revisions until evaluations are completed to assess the fair value of long-lived assets

4 Includes adjustments for sale of assets, deactivation costs, and other and non-recurring charges

5 Excludes mark-to-market gains/losses on interest hedges

6 Income tax calculated using Adjusted ETR on Adjusted Income before income taxes. Adjusted ETR includes impact of NRG’s tax credits as well as non-recurring tax items, using CAMT rate to accrue tax. Other adjustments are shown on pre-tax basis

7 Adjusted Net Income as shown here is 'Adjusted Net Income available for common stockholders'

8 Items may not sum due to rounding

9 Includes 11 months of ownership of the portfolio acquired from LS Power

Appendix Table A-6: 2026 Guidance Reconciliation

The following table summarizes the calculation of FCFbG providing a reconciliation from Adjusted EBITDA and Cash provided by operating activities:

2026

(In millions)

Guidance4,5

Adjusted EBITDA

$5,325 - $5,825

Interest payments, net1

(1,100)

Income tax payments

(70) - (90)

Gross capitalized contract costs

(1,020)

Working capital/other assets and liabilities2

(135)

Cash provided by operating activities3

$3,000 - $3,480

Acquisition and other costs2

110

Adjusted cash provided by operating activities

$3,110 - $3,590

Maintenance capital expenditures

(450) - (480)

Environmental capital expenditures

(10) - (20)

Cost of acquisition

180

Free Cash Flow before Growth Investments (FCFbG)

$2,800 - $3,300

1 Interest payments, net represents Interest expense, net of $(1,195) million on Appendix table A-5 plus $95 million accrued interest expense not yet paid

2 Working capital/other assets and liabilities includes payments for Acquisition and divestiture integration and transaction costs, which is adjusted in Acquisition and other costs, and includes net deferred revenues

3 Excludes fair value adjustments related to derivatives and changes in collateral deposits in support of risk management activities

4 Items may not sum due to rounding

5 Includes 11 months of ownership of the portfolio acquired from LS Power

Non-GAAP Financial Measures

NRG reports its financial results in accordance with the accounting principles generally accepted in the United States (GAAP) and supplements with certain non-GAAP financial measures. These measures are not recognized in accordance with GAAP and should not be viewed in isolation or as an alternative to GAAP measures of performance. In addition, other companies may calculate non-GAAP financial measures differently than NRG does, limiting their usefulness as a comparative measure.

NRG uses the following non-GAAP measures to provide additional insight into financial performance:

Adjusted EBITDA: Defined as EBITDA (earnings before interest, taxes, depreciation, and amortization, impact of asset retirement obligation expenses and contract amortization consisting of amortization of power and fuel contracts and amortization of emission allowances) with further adjustments for stock-based compensation, impairment losses, deactivation costs, gains or losses on sales, dispositions or retirements of assets, any mark-to-market gains or losses from forward position of economic hedges, gains or losses on the repurchase, modification or extinguishment of debt, restructuring costs, and other non-recurring items plus adjustments to reflect the Adjusted EBITDA from our unconsolidated investments or non-controlling interests. Adjusted EBITDA is intended to facilitate period-to-period comparisons and is widely used by investors for performance assessment. Adjusted Net Income: Defined as net income available to common shareholders excluding the impact of asset retirement obligation expenses, contract amortization consisting of amortization of power and fuel contracts and amortization of emission allowances, stock-based compensation, impairment losses, deactivation costs, gains or losses on sales, dispositions or retirements of assets, any mark-to-market gains or losses from forward position of economic hedges, gains or losses on the repurchase, modification or extinguishment of debt, the impact of restructuring and any extraordinary, unusual or non-recurring items plus adjustments to reflect the Adjusted EBITDA from our unconsolidated investments and non-controlling interests. Adjusted Earnings per Share (EPS): Defined as Adjusted Net Income, divided by the average basic common shares outstanding. Adjusted Cash Provided/(Used) by Operating Activities: Defined as cash provided/(used) by operating activities with the reclassification of net payments of derivative contracts acquired in business combinations from financing to operating cash flow, as well as the add back of merger, integration, related restructuring costs, adjustment for change in collateral, and the impact of extraordinary, unusual or non-recurring items. Free Cash Flow before Growth Investments: Defined as Adjusted Cash provided/(used) by operating activities less maintenance and environmental capital expenditures, net of funding and insurance recoveries related to property, plant and equipment, and adjustments to exclude cost of acquisition related to growth. Management believes these non-GAAP financial measures are useful to investors and other users of NRG's financial statements in evaluating the Company’s operating performance and growth, as well as the impact of the Company’s capital allocation program. They provide an additional tool to compare business performance across periods and adjust for items that management does not consider indicative of NRG’s future operating performance. Management uses these non-GAAP financial measures to assist in comparing financial performance from period to period on a consistent basis and to readily view operating trends, as a measure for planning and forecasting overall expectations, and for evaluating actual results against such expectations, and in communications with NRG's Board of Directors, shareholders, creditors, analysts and investors concerning its financial performance.

More News From NRG Energy, Inc.

NRG Energy (NRG - Free Report) came out with quarterly earnings of $1.48 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $2.62 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -16.85%. A quarter ago, it was expected that this power company would post earnings of $1.01 per share when it actually produced earnings of $1.03, delivering a surprise of +1.98%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

NRG, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $10.26 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 44.21%. This compares to year-ago revenues of $8.59 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

NRG shares have lost about 1.1% since the beginning of the year versus the S&P 500's gain of 6%.

What's Next for NRG?While NRG has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for NRG was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.22 on $6.36 billion in revenues for the coming quarter and $9.05 on $29.74 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Algonquin Power & Utilities (AQN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 8.

This utility operator is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of -21.4%. The consensus EPS estimate for the quarter has been revised 10.5% lower over the last 30 days to the current level.

Algonquin Power & Utilities' revenues are expected to be $697.9 million, up 0.8% from the year-ago quarter.

NRG Energy, Inc. (NRG) Q1 2026 Earnings Call Transcript

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Let's take a look at what these Wall Street heavyweights have to say about NRG Energy (NRG - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

NRG currently has an average brokerage recommendation (ABR) of 1.40, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.40 approximates between Strong Buy and Buy.

Of the 15 recommendations that derive the current ABR, 12 are Strong Buy, representing 80% of all recommendations.

Brokerage Recommendation Trends for NRG

Check price target & stock forecast for NRG here>>>

While the ABR calls for buying NRG, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Should You Invest in NRG?In terms of earnings estimate revisions for NRG, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $8.82.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for NRG. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for NRG.