Company research
Vistra Corp.
CIK 1692819Updated Sep 26, 2026
SecurityVST · NYSE · equity
Historical securities (1)
VST.WS.A · NYSE · warrant · closed Feb 2, 2024Name history
Vistra Energy Corp. · through Jun 29, 2020Vistra Energy Corp · through Jan 29, 2018
VST price & chart
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NYSE:VST on TradingView ↗About the company
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, that provides essential resources to customers, businesses, and communities from California to Maine. Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. Learn more at vistracorp.com.
In the news
Vistra Achieves Investment‑Grade Credit Ratings from S&P and Fitch ↗
Recent filings
Entry into a Material Definitive Agreement · Other Events
Items 1.01, 8.01, 9.01
FWP filing
4 filing
4 filing
S-3ASR filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 41,550,000,000Source | 37,770,000,000Source | 32,966,000,000Source | 32,787,000,000Source |
| Property, Plant and Equipment, NetUSD | 19,846,000,000Source | 18,173,000,000Source | 12,432,000,000Source | 12,554,000,000Source |
| GoodwillUSD | 2,810,000,000Source | 2,807,000,000Source | 2,583,000,000Source | 2,583,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,435,000,000Source | 2,213,000,000Source | 1,864,000,000Source | 1,958,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 785,000,000Source | 1,188,000,000Source | 3,485,000,000Source | 455,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,323,000,000Source | 1,982,000,000Source | 1,674,000,000Source | 2,059,000,000Source |
| Inventory, NetUSD | — | 970,000,000Source | 740,000,000Source | 570,000,000Source |
| Assets, CurrentUSD | 9,179,000,000Source | 8,119,000,000Source | 11,637,000,000Source | 11,116,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 654,000,000Source | 515,000,000Source | 364,000,000Source | 293,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 98,000,000Source | 106,000,000Source | 50,000,000Source | 51,000,000Source |
| Other Assets, NoncurrentUSD | 1,539,000,000Source | 1,191,000,000Source | 551,000,000Source | 351,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 36,440,000,000Source | 32,187,000,000Source | 27,644,000,000Source | 27,869,000,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 2,476,000,000Source | 2,476,000,000Source | 2,476,000,000Source | 2,000,000,000Source |
| Common Stock, Value, IssuedUSD | 5,000,000Source | 5,000,000Source | 5,000,000Source | 5,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | -12,000,000Source | -454,000,000Source | -2,613,000,000Source | -3,643,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 17,000,000Source | 20,000,000Source | 6,000,000Source | 7,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 5,097,000,000Source | 5,570,000,000Source | 5,307,000,000Source | 4,902,000,000Source |
| Additional Paid in Capital, Common StockUSD | 9,536,000,000Source | 9,435,000,000Source | 10,095,000,000Source | 9,928,000,000Source |
| Liabilities and EquityUSD | 41,550,000,000Source | 37,770,000,000Source | 32,966,000,000Source | 32,787,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 11,814,000,000Source | 8,432,000,000Source | 9,823,000,000Source | 10,337,000,000Source |
| Operating Lease, Liability, CurrentUSD | 13,000,000Source | 13,000,000Source | 7,000,000Source | 8,000,000Source |
| Accounts Payable, CurrentUSD | 1,644,000,000Source | 1,510,000,000Source | 1,147,000,000Source | 1,556,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 92,000,000Source | 98,000,000Source | 48,000,000Source | 45,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,049,000,000Source | 697,000,000Source | 1,000,000Source | 1,000,000Source |
| Other Liabilities, NoncurrentUSD | 1,527,000,000Source | 1,256,000,000Source | 951,000,000Source | 1,004,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 13,000,000Source | 13,000,000Source | 15,000,000Source | 16,000,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | 1,674,000,000Source | 2,059,000,000Source |
| Deferred Tax Liabilities, NetUSD | 810,000,000Source | 688,000,000Source | — | — |
| Long-term DebtUSD | 17,043,000,000Source | 16,298,000,000Source | 14,402,000,000Source | — |
| Restricted Cash and Investments, CurrentUSD | — | — | 40,000,000Source | 37,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 944,000,000Source | 2,812,000,000Source | 1,492,000,000Source | -1,210,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,986,000,000Source | 1,843,000,000Source | 1,502,000,000Source | 1,596,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 113,000,000Source | 100,000,000Source | 77,000,000Source | 63,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 528,000,000Source | 242,000,000Source | -214,000,000Source | 852,000,000Source |
| Increase (Decrease) in InventoriesUSD | 3,000,000Source | 31,000,000Source | 174,000,000Source | -36,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | 16,000,000Source | 19,000,000Source | -350,000,000Source | 94,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | 136,000,000Source | 607,000,000Source | 457,000,000Source | -359,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 4,070,000,000Source | 4,563,000,000Source | 5,453,000,000Source | 485,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 3,065,000,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -4,396,000,000Source | -5,276,000,000Source | -2,145,000,000Source | -1,239,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 10,000,000Source | 3,000,000Source | 5,000,000Source | 4,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,752,000,000Source | 2,078,000,000Source | 1,676,000,000Source | 1,301,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 1,028,000,000Source | 1,266,000,000Source | 1,245,000,000Source | 1,949,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -74,000,000Source | -1,604,000,000Source | -294,000,000Source | -80,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 306,000,000Source | 305,000,000Source | 313,000,000Source | 302,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -19,000,000Source | -14,000,000Source | 83,000,000Source | 31,000,000Source |
| Repayments of Long-term DebtUSD | 2,584,000,000Source | 2,287,000,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -400,000,000Source | -2,317,000,000Source | 3,014,000,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 822,000,000Source | 1,222,000,000Source | 3,539,000,000Source | 525,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,165,000,000Source | 987,000,000Source | 636,000,000Source | 552,000,000Source |
| Income Taxes Paid, NetUSD | 97,000,000Source | — | — | — |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 134,000,000Source | 114,000,000Source | 34,000,000Source | 34,000,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 113,000,000Source | 100,000,000Source | 77,000,000Source | 65,000,000Source |
| Amortization of Debt Issuance CostsUSD | — | 34,000,000Source | 26,000,000Source | 28,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 194,000,000Source | 170,000,000Source | 88,000,000Source | 87,000,000Source |
| DepreciationUSD | — | 1,670,000,000Source | 1,344,000,000Source | 1,388,000,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 2,950,000,000Source | 2,631,000,000Source | 1,956,000,000Source | 2,047,000,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | -1,111,000,000Source | -3,494,000,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | — | — | 0Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -875,000,000Source | 1,208,000,000Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | 0Source | — | — | — |
| Gain (Loss) on Sale of PropertiesUSD | 0Source | 0Source | 95,000,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 6,000,000Source | 3,000,000Source | 1,000,000Source |
| GoodwillUSD | 2,810,000,000Source | 2,807,000,000Source | 2,583,000,000Source | 2,583,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 179,000,000Source | 655,000,000Source | 508,000,000Source | -350,000,000Source |
| InterestExpenseNonoperatingUSD | 1,179,000,000Source | 900,000,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 944,000,000Source | 2,659,000,000Source | 1,493,000,000Source | -1,227,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 0Source | 153,000,000Source | -1,000,000Source | 17,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 752,000,000Source | 2,467,000,000Source | 1,343,000,000Source | -1,377,000,000Source |
| Other Depreciation and AmortizationUSD | 400,000,000Source | — | — | — |
| Payments of Financing CostsUSD | 23,000,000Source | 76,000,000Source | 59,000,000Source | 31,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 2,498,000,000Source | 1,498,000,000Source |
| Restricted Cash and Investments, CurrentUSD | — | — | 40,000,000Source | 37,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | -36,000,000Source | 250,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 17,586,000,000Source | 14,761,000,000Source | 13,804,000,000Source | 15,631,000,000Source |
| Selling, General and Administrative ExpenseUSD | 1,714,000,000Source | 1,601,000,000Source | 1,308,000,000Source | 1,189,000,000Source |
| Operating Income (Loss)USD | 1,906,000,000Source | 4,081,000,000Source | 2,661,000,000Source | -1,177,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,123,000,000Source | 3,467,000,000Source | 2,000,000,000Source | -1,560,000,000Source |
| Income Tax Expense (Benefit)USD | 179,000,000Source | 655,000,000Source | 508,000,000Source | -350,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 0Source | 153,000,000Source | -1,000,000Source | 17,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 944,000,000Source | 2,659,000,000Source | 1,493,000,000Source | -1,227,000,000Source |
| Earnings Per Share, BasicUSD per share | 2.22Source | 7.16Source | 3.63Source | -3.26Source |
| Earnings Per Share, DilutedUSD per share | 2.18Source | 7Source | 3.58Source | -3.26Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 339,124,917Source | 344,788,634Source | 369,771,359Source | 422,447,074Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 345,656,067Source | 352,567,060Source | 375,193,110Source | 422,447,074Source |
| Interest Expense (non-operating)USD | 1,179,000,000Source | 900,000,000Source | — | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 43,000,000Source | 48,000,000Source | 51,000,000Source | 9,000,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -875,000,000Source | 1,208,000,000Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source |
| Interest ExpenseUSD | — | — | 740,000,000Source | 368,000,000Source |
| Interest Income, OtherUSD | 18,000,000Source | 65,000,000Source | 86,000,000Source | 19,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 752,000,000Source | 2,467,000,000Source | 1,343,000,000Source | -1,377,000,000Source |
| Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, RedeemableUSD | — | 3,198,000,000Source | — | — |
| Other Cost and Expense, OperatingUSD | 2,803,000,000Source | 2,414,000,000Source | 1,702,000,000Source | 1,645,000,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 192,000,000Source | 192,000,000Source | 150,000,000Source | 150,000,000Source |
Filing attachments
ef20082680_ex4-1.htm · 8-K · 2026-09-24
Exhibit 4.1 VISTRA OPERATIONS COMPANY LLC, as Issuer VISTRA CORP., as Guarantor WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of September 24, 2026 Junior Subordinated Debt Securities TABLE OF CONTENTS Page Article 1 DEFINITIONS AND INCORPORATION BY REFERENCE Section 1.01 Definitions. 1 …
Read attachment ↗ef20082680_ex4-2.htm · 8-K · 2026-09-24
Exhibit 4.2 VISTRA OPERATIONS COMPANY LLC, as Issuer VISTRA CORP., as Guarantor 7.000% SERIES A JUNIOR SUBORDINATED NOTES DUE 2057 7.250% SERIES B JUNIOR SUBORDINATED NOTES DUE 2057 SUPPLEMENTAL INDENTURE Dated as of September 24, 2026 Wilmington Trust, National Association, as Trustee TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS …
Read attachment ↗ef20077984_ex4-1.htm · 8-K · 2026-07-16
EX-4.1 5 ef20077984_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 EXECUTION VERSION SEVENTEENTH AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT This SEVENTEENTH AMENDMENT (this “Amendment”), dated as of July 10, 2026, is among TXU ENERGY RECEIVABLES COMPANY LLC, a Delaware limited liability company, as seller (the “Seller”), TXU ENERGY RETAIL COMPANY LLC, a Texas limited liability company (“TXU”), as servicer (in such capacity, together with its successors and permitted assigns in such capacity, the “Ser…
Read attachment ↗ef20071492_ex4-1.htm · 8-K · 2026-04-28
EX-4.1 2 ef20071492_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 VISTRA OPERATIONS COMPANY LLC, as Issuer INDENTURE Dated as of April 22, 2026 Wilmington Trust, National Association, as Trustee CROSS-REFERENCE TABLE This Cross-Reference Table is not part of the Indenture. Trust Indenture Act Section Indenture Section 310(a)(1) 7.09 (a)(2) 7.09 (a)(3) N.A. (a)(4) N.A. (a)(5) …
Read attachment ↗ef20071492_ex4-11.htm · 8-K · 2026-04-28
EX-4.11 4 ef20071492_ex4-11.htm EXHIBIT 4.11 Exhibit 4.11 REGISTRATION RIGHTS AGREEMENT This REGISTRATION RIGHTS AGREEMENT dated April 22, 2026 (this “Agreement”) is entered into by and among Vistra Corp., a Delaware corporation (“Parent”), Vistra Operations Company LLC, a Delaware limited liability company and indirect wholly owned subsidiary of Parent (the “Company”), the Guarantors (as defined below) and Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., J.P. Morgan S…
Read attachment ↗ef20071492_ex4-2.htm · 8-K · 2026-04-28
EX-4.2 3 ef20071492_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 VISTRA OPERATIONS COMPANY LLC, as Issuer 4.550% SENIOR NOTES DUE 2028 5.000% SENIOR NOTES DUE 2031 5.250% SENIOR NOTES DUE 2033 5.550% SENIOR NOTES DUE 2036 SUPPLEMENTAL INDENTURE Dated as of April 22, 2026 Wilmington Trust, National Association, as Trustee TABLE OF CONTENTS Page Article 1 DEFINITIONS AND INCO…
Read attachment ↗