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Vistra Corp.

VST · Utilities

Last earnings Aug 7, 2026  ·  Next earnings Nov 6, 2026

Key results

Net incomequarter

$327 million

htm EX-99.1 EX-99.1 Exhibit 99.1 Vistra Reports Second Quarter 2025 Results Earnings Release Highlights GAAP second quarter 2025 Net Income of $327 million and Cash Flow from Operations of $1,171 million.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Net Income from Ongoing Operations 1 of $370 million and Ongoing Operations Adjusted EBITDA 1 of $1,349 million.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Net Income of $327 million, Net Income from Ongoing Operations 1 of $370 million, and Ongoing Operations Adjusted EBITDA 1 of $1,349 million.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

AI analysis

Q2 2025 · reported Aug 7, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Net income · Q2 2025
$327M
EX-99 · Aug 7, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Net income$327 million——

EX-99 · Aug 7, 2025

Guidance · company-stated

Direction: Raised

Company outlook

“Reaffirmed 2025 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $5.5 billion to $6.1 billion and $3.0 billion to $3.6 billion, respectively.”

Company outlook

“Guidance ($ in millions) Reaffirmed 2025 Guidance Ranges Ongoing Operations Adjusted EBITDA $5,500 - $6,100 Ongoing Operations Adjusted FCFbG $3,000 - $3,600 As of Aug.”

Company outlook

“The company s comprehensive hedging program supports the reaffirmed 2025 guidance ranges and increased Ongoing Operations Adjusted EBITDA 1 midpoint opportunity 2 of more than $6,800 million for 2026, excluding any potential benefit from assets to be acquired from Lotus Infrastructure Partners.”

Classified from the release's primary full-year outlook statement.

Next earningsNov 6, 2026Verified from the company’s own announcement

Capital allocation

Vistra Press Release August 7, 2025, Page 3 Share Repurchase Program As of Aug.

1, 2025: Vistra executed ~$5.4 billion in share repurchases since November 2021.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Vistra Reports Second Quarter 2025 Results Earnings Release Highlights GAAP second quarter 2025 Net Income of $327 million and Cash Flow from Operations of $1,171 million

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Company outlook: “Reaffirmed 2025 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $5.5 billion to $6.1 billion and $3.0 billion to $3.6 billion, respectively.”

Company outlook: “Guidance ($ in millions) Reaffirmed 2025 Guidance Ranges Ongoing Operations Adjusted EBITDA $5,500 - $6,100 Ongoing Operations Adjusted FCFbG $3,000 - $3,600 As of Aug.”

Company outlook: “The company s comprehensive hedging program supports the reaffirmed 2025 guidance ranges and increased Ongoing Operations Adjusted EBITDA 1 midpoint opportunity 2 of more than $6,800 million for 2026, excluding any potential benefit from assets to be acquired from Lotus Infrastructure Partners.”

Company outlook — Reiterated (“Reaffirmed”)
“Reaffirmed 2025 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $5.5 billion to $6.1 billion and $3.0 billion to $3.6 billion, respectively.”

Company outlook — Raised (“increasing”)
“The performance year-to-date and the forecast we see for the remainder of 2025 provide increasing confidence in our reiterated 2025 guidance ranges and our increased 2026 midpoint opportunity.”

Company outlook — Reiterated (“Reaffirmed”)
“Guidance ($ in millions) Reaffirmed 2025 Guidance Ranges Ongoing Operations Adjusted EBITDA $5,500 - $6,100 Ongoing Operations Adjusted FCFbG $3,000 - $3,600 As of Aug.”

Company outlook — Raised (“increased”)
“The company s comprehensive hedging program supports the reaffirmed 2025 guidance ranges and increased Ongoing Operations Adjusted EBITDA 1 midpoint opportunity 2 of more than $6,800 million for 2026, excluding any potential benefit from assets to be acquired from Lotus Infrastructure Partners.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Vistra Press Release August 7, 2025, Page 3 Share Repurchase Program As of Aug.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

1, 2025: Vistra executed ~$5.4 billion in share repurchases since November 2021.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

~$1.4 billion dollars of the share repurchase authorization remained available, which we expect to complete by year end 2026.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Liquidity As of June 30, 2025, Vistra had total available liquidity of approximately $2,618 million, including cash and cash equivalents of $458 million, $2,160 million of availability under its corporate revolving credit facility, and no availability under its commodity-linked revolving credit facility.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Available capacity under the commodity-linked revolving credit facility reflects the borrowing base of $861 million and excludes $889 million of commitments under the facility that were not available to be drawn as of June 30, 2025.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Vistra uses Adjusted Free Cash Flow before Growth as a measure of liquidity and performance, and believes it is a useful metric to assess current performance in the period and that analysis of capital available to allocate for debt service, growth, and return of capital to stockholders is supported by disclosure of both cash provided by (used in) operating activities prepared in accordance with GAAP as well as Adjusted Free Cash Flow before Growth.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Strategy & priorities

In addition, the team s focus on our core business operations through our integrated business model resulted in solid second quarter results, throughout a variety of pricing and weather conditions.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Clean Energy Investments Vistra continues to strategically and cost-effectively grow its fleet of zero-carbon resources, focusing on nuclear, solar, and energy storage.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Beginning construction on our third Illinois Coal to Solar & Energy Storage Initiative project; Newton Solar & Energy Storage Facility (MISO), located onsite at our Newton Power Plant, will have a capacity of 52-MW solar/ 2-MW storage.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Actual results could vary and are subject to a number of risks, uncertainties and factors, including power price market movements and our hedging strategy.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Risks & headwinds

Actual results could vary and are subject to a number of risks, uncertainties and factors, including power price market movements and our hedging strategy.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

( Vistra ) operates and beliefs of and assumptions made by Vistra s management, involve risks and uncertainties, which are difficult to predict and are not guarantees of future performance, that could significantly affect the financial results of Vistra.

SEC original ↗Vistra Corp. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Legal Proceedings 74 Item 1A.

SEC original ↗Vistra Corp. — 10-Q Quarterly report10-QAug 10, 2026

Although we believe that in making any such forward-looking statement our expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and risks that could cause our actual results to differ materially from those projected in or implied by such forward-looking statement.

SEC original ↗Vistra Corp. — 10-Q Quarterly report10-QAug 10, 2026

We are working towards a return to service of the Moss Landing 350 MW battery facility in 2026; however, there continues to be uncertainty regarding when or if the facility will return to service pending evaluation of restart plans following completion of the investigation into the cause of the fire.

SEC original ↗Vistra Corp. — 10-Q Quarterly report10-QAug 10, 2026

Additional impacts from the Moss Landing Incident include or may include loss of revenue from the facilities being offline, litigation costs, other negotiated settlements of contracts with counterparties, and additional non-cash impairment losses.

SEC original ↗Vistra Corp. — 10-Q Quarterly report10-QAug 10, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Fortis (FTS) UtilitiesAmerican Water Works (AWK) UtilitiesFirstEnergy (FE) UtilitiesEdison International (EIX) UtilitiesDuke Energy (DUK) UtilitiesPublic Service Enterprise Group (PEG) UtilitiesConstellation Energy (CEG) UtilitiesWEC Energy Group (WEC) Utilities
Documents

Filings

67 documents

Earnings releases

13 documents

Presentations

0 documents

No presentations for Vistra Corp. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Vistra Corp. are held in this edition of the library.

Mentioned by

3 companies

Other tracked companies whose held documents mention Vistra Corp. by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.