VST
Vistra Corp.173.45
+5.20+3.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
58.77BP/E (TTM)
62.39Basic EPS (TTM)
2.78Dividend Yield
0.01%Recent Filings
8-K
8-K
10-Q
Q2 FY2025 results
Vistra's Q2 revenue climbed 10.5% year-over-year to $4.25B, fueled by stronger East segment generation and full-quarter Energy Harbor integration, while Texas output dipped amid the Martin Lake outage. Operating income fell 36.2% to $515M on higher outage costs and a $68M impairment for shelved projects, yet diluted EPS held at $0.81 versus $0.90 last year, with YTD EPS swinging to a $0.11 loss from $0.66 profit (derived). Cash from operations eased to $1.17B YTD, supporting $1.46B in capex including nuclear fuel; free cash flow stood at negative $300M after $1.46B capex, with $458M cash and $2.16B revolver availability bolstering liquidity against $16.5B debt. The pending $1.9B Lotus gas acquisition promises PJM diversification, but regulatory hurdles loom. Moss Landing fire remediation drags, yet insurance offsets ease the sting.
8-K
Vistra's Q2 earnings and expansions
Vistra Corp. reported Q2 2025 net income of $327 million, down from $467 million last year due to higher outage costs and depreciation, yet Ongoing Operations Adjusted EBITDA held at $1,349 million. The company inked a deal to buy 2,600 MW of natural gas plants from Lotus Infrastructure Partners for geographic diversification and secured NRC approval to run its 1,268 MW Perry Nuclear Plant through 2046. It reaffirmed 2025 guidance of $5.5-6.1 billion in Ongoing Operations Adjusted EBITDA while lifting the 2026 midpoint opportunity above $6.8 billion. Acquisitions face integration risks.
8-K
Vistra clears 10,314 MW in PJM auction
Vistra Corp. cleared 10,314 MW in the PJM Capacity Auction for the 2026/2027 planning year, announced July 22, 2025, at a weighted average price of $329.17 per MW-day across multiple zones. This outcome secures revenue from its diverse power generation assets, bolstering reliability amid shifting energy demands. Results beat expectations. Yet forward-looking projections carry risks from market volatility and regulatory changes.
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