Vistra Corp.: Beat — Revenue $6.35B
Earnings BeatQ3 2026 · Pre-market
Did Vistra Corp. (VST) beat earnings today?
Yes, Vistra Corp. (VST) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected revenue.
Total Revenue+6.14% surprise
$6.35BActual
Expected: $5.98B
vs. year ago +27.7%
Released Nov 06 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net income | $1.14B | $652.00M | 74.8% |
Financial Outlook / Guidance
| Metric | FY2026 Outlook | FY2027 Outlook |
|---|---|---|
| Guidance | Guidance | |
| Ongoing Operations Adjusted EBITDA | $7,100M-$7,500M | $7,700M-$8,500M |
| Ongoing Operations Adjusted FCFbG | $4,300M-$4,700M | $4,300M-$5,100M |
FY2026 Outlook
- Ongoing Operations Adjusted EBITDA
- Guidance$7,100M-$7,500M
- Ongoing Operations Adjusted FCFbG
- Guidance$4,300M-$4,700M
FY2027 Outlook
- Ongoing Operations Adjusted EBITDA
- Guidance$7,700M-$8,500M
- Ongoing Operations Adjusted FCFbG
- Guidance$4,300M-$5,100M
Business Highlights
- ➤Closed the Cogentrix Energy acquisition, adding approximately 5,500 MW of natural gas generation capacity.
- ➤Commenced operations at the 405 MW Pulaski Solar Facility in Illinois under a Microsoft PPA.
- ➤Commenced operations at the 100 MW Deer Creek Solar & Energy Storage Facility in California.
- ➤Announced a 20-year, 207 MW PPA with New Era Energy and Digital at Odessa.
- ➤Fleet achieved commercial availability of nearly 95% during the summer.
- ➤July set new all-time peak-demand records in both ERCOT and PJM.
- ➤Board authorized an additional $1.5 billion of share repurchases.
- ➤Approximately $2.5 billion of repurchase authorization remained available as of November 2, 2026.
- ➤Vistra had hedged approximately 100% of expected 2026 generation volumes.
- ➤Redeemed all $1 billion of Series A Preferred Stock in October and November 2026.
Management Commentary
Jim Burke, president and CEO of Vistra
“I am proud of the results the Vistra team delivered this quarter. Through one of the hottest calendar third quarters on record, our generation team kept the fleet running safely and reliably while our retail team delivered for our customers. At the same time, our people moved forward a significant amount of commercial and development work. I want to thank each one of our team members for their hard work and dedication - it's what truly sets Vistra apart.”
Jim Burke, president and CEO of Vistra
“That effort shows in our results, with Ongoing Operations Adjusted EBITDA up more than 50% year over year. This summer brought record weather across our markets, including the new all-time peak demand records in July in both ERCOT and PJM. Through that period, our fleet achieved commercial availability of nearly 95%. Our disciplined approach to spring maintenance paid off when our customers and communities needed reliable power most. With the Cogentrix acquisition now closed, we've added approximately 5,500 MW of new natural gas-fueled generation to our portfolio, and we continue to be well positioned for the growing demand ahead.”
Jim Burke, president and CEO of Vistra
“We also made significant progress on our growth strategy this quarter. We began commercial operations at our Pulaski and Deer Creek facilities, and signed a 20-year agreement with New Era at our Odessa plant. As the power landscape evolves, we continue to see more of these opportunities. Our team remains focused on delivering safe, reliable, and affordable electricity to our customers, and we look forward to finishing the year strong.”