Vistra Reports Third Quarter 2026 Results
Key Highlights
- ➤Ongoing Operations Adjusted EBITDA $2,378 million, up more than 50% year over year
- ➤2026 EBITDA guidance raised and narrowed to $7.1 billion-$7.5 billion
- ➤2027 EBITDA guidance initiated at $7.7 billion-$8.5 billion
- ➤Board authorizes additional $1.5 billion share repurchases through year-end 2028
- ➤Cogentrix acquisition adds approximately 5,500 MW of natural gas generation capacity
Expert Statements
Jim Burke, President and CEO of Vistra
“I am proud of the results the Vistra team delivered this quarter,”
Jim Burke, President and CEO of Vistra
“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.”
Jim Burke, President and CEO of Vistra
“At the same time, our people moved forward a significant amount of commercial and development work.”
Jim Burke, President and CEO of Vistra
“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.”
Jim Burke, President and CEO of Vistra
“This summer brought record weather across our markets, including the new all-time peak demand records in July in both ERCOT and PJM.”
Jim Burke, President and CEO of Vistra
“Through that period, our fleet achieved commercial availability of nearly 95%.”
Jim Burke, President and CEO of Vistra
“Our disciplined approach to spring maintenance paid off when our customers and communities needed reliable power most.”
Jim Burke, President and CEO of Vistra
“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.”
Jim Burke, President and CEO of Vistra
“We began commercial operations at our Pulaski and Deer Creek facilities, and signed a 20-year agreement with New Era at our Odessa plant.”
Jim Burke, President and CEO of Vistra
“As the power landscape evolves, we continue to see more of these opportunities.”
Jim Burke, President and CEO of Vistra
“Our team remains focused on delivering safe, reliable, and affordable electricity to our customers, and we look forward to finishing the year strong.”
* GAAP third quarter 2026 Net Income of $1,140 million, including an unrealized gain from hedges expected to settle in future years of $559 million. * Achieved more than 50% growth in Ongoing Operations Adjusted EBITDA(1) to $2,378 million for the quarter compared to third quarter 2025. * Raised the midpoint and narrowed the range for 2026 Ongoing Operations Adjusted EBITDA(1) to $7.1 billion to $7.5 billion and Ongoing Operations Adjusted FCFbG(1) to $4.3 billion to $4.7 billion. * Initiated 2027 Ongoing Operations Adjusted EBITDA(1) and Ongoing Operations Adjusted FCFbG(1) guidance ranges of $7.7 billion to $8.5 billion and $4.3 billion to $5.1 billion, respectively. * Board authorized an additional $1.5 billion of share repurchases, which is expected to be utilized by year-end 2028. * In October 2026, closed the acquisition of Cogentrix Energy, consisting of approximately 5,500 MW of natural gas-fueled generation capacity. * Commenced operations of our 405 MW Pulaski Solar Facility in Illinois, under a power purchase agreement with Microsoft, and our 100 MW Deer Creek Solar & Energy Storage Facility in California. * Announced a 20-year 207 MW power purchase agreement with New Era Energy and Digital at our Odessa combined cycle gas plant in Texas. IRVING, Texas, Nov. 6, 2026 /PRNewswire/ -- Vistra Corp. (NYSE: VST) today reported its third quarter 2026 financial results and other highlights.
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