NRG Energy (NRG) Q2 Results Steadied by Data Center, VPP Momentum

NRG Energy, Inc. (NYSE:NRG) is one of the best dividend stocks to buy. In Q2 2025, the company released mixed earnings, and investors were not as impressed despite the management’s positive outlook.

In Q2, NRG reported adjusted earnings per share of $1.73, up 8% from the previous year, while maintaining its 2025 guidance. The company’s management added that new power agreements with data centers and the expansion of its virtual power plant were significant for future growth. NRG Energy noted that the first half of the year was strong and believes it is on track to reach the higher end of its 2025 goals, despite a few hurdles this quarter.

In the second quarter, the company earned $909 million in adjusted EBITDA and $339 million in net income. Even though results were lower than the prior-year quarter, the company is still ahead overall, with EBITDA up 11% to $2.035 billion. The weaker quarter came from losing Airtron’s earnings, the Cottonwood lease ending, Indian River Unit 4 closing, and higher pay costs.

A core update was NRG’s long-term data center contracts commencing in 2026, with expansion potential up to 1 GW. The Texas Virtual Power Plant also outperformed expectations, with a new 2025 goal of 150 MW and long-term targets of 650 MW by 2030 and 1,000 MW by 2035.

NRG Energy, Inc. (NYSE:NRG) is a Houston-based company producing electricity from natural gas, coal, oil, and renewables. Along with retail electricity, it also offers home protection, energy management, and smart home services.

While we acknowledge the potential of NRG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index and 10 Unstoppable Dividend Stocks to Buy Now.

Disclosure. None.