NRG Energy Inc. reported second-quarter 2025 adjusted earnings of $1.73 a share on revenue of $6.74 billion, producing record first-half results even as the period ended with a net loss of $104 million. The Houston-based power producer reiterated its full-year guidance and highlighted progress on the T.H. Wharton development. The company disclosed its first long-term electricity contracts with data-center operators, covering 295 megawatts at existing NRG sites and featuring expansion rights that could lift the commitment to roughly 1 gigawatt. Management said the agreements tap surging demand from artificial-intelligence workloads and complement growth initiatives such as the Texas residential virtual power plant, which has scaled to 150 megawatts from 20 megawatts. Investors judged the initial contract size modest, sending NRG shares down about 16% on 6 August. Executives maintained that the deals provide a platform for larger volumes and higher-margin sales as data-center power needs accelerate.