VST News
R40 coverage and dated third-party headlines for Vistra Corp. (VST).
R40 Coverage
August 2026
Vistra Q2 2026: revenue $4.02B, GAAP EPS $0.76
Revenue fell 5.5% YoY to $4.017B; GAAP diluted EPS of $0.76 against $0.81 a year earlier. Fuel and purchased power costs dropped to $1.77B, holding gross margin near 56%.
May 2026
Vistra Q1 2026: revenue $5.64B, GAAP EPS $2.87
Best quarter on record for reported earnings — revenue up 43% YoY and operating income of $1.5B against a $120M operating loss in Q1 2025, largely on hedge marks.
February 2026
Vistra reports FY2025 results and guides 2026 EBITDA to $6.8-7.6B
FY2025 net income $944M on $17.7B revenue, cash from operations $4.07B, ongoing-operations adjusted EBITDA $5.912B. 2026 guidance excludes any Cogentrix contribution.
January 2026
20-year Meta PPAs for 2,609 MW across the PJM nuclear fleet
Energy, capacity and uprates from Perry, Davis-Besse and Beaver Valley. Deliveries begin late 2026, with uprate volumes phasing in from 2031.
Vistra to acquire Cogentrix Energy and its 5,496 MW gas fleet for ~$4.0B net
Ten modern gas plants for roughly $2.3B cash, 5 million shares valued at $185, and $1.5B of assumed debt, less ~$0.7B of tax benefits. Expected to close mid-to-late 2026.