The Filings Report

Vistra Corp.

VSTNYSECIK 1692819Utilities / Utilities - Electricfiscal year ends December39 quarters since 2016

Revenue, Q2 FY2026
$4.0B
−5.5% on Q2 FY2025
Net income
$305M
−6.7% on Q2 FY2025
Free cash flow
$334M
+383.1% on Q2 FY2025
Diluted EPS
$0.76
−6.2% on Q2 FY2025
Revenue, TTM
$19.2B
trailing four quarters
Net margin, TTM
11.6%
net income $2.2B
Free cash flow, TTM
$2.3B
$5.1B less $2.9B capex
Cash and equivalents
$435M
long-term debt $19.6B, Jun 30, 2026
Shares, 12-month change
−0.9%
336M shares, Jun 30, 2026
Buybacks, TTM
$1.1B
2.5% of market value
Dividends, TTM
$308M
0.7% of market value
Market value
$46.4B
at the close, buybacks

Latest quarter Q2 FY2026, filed August 10, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Vistra Corp. reported revenue of $4.0B, −5.5% on Q2 FY2025, and net income of $305M (−6.7%). Operating margin was 13.8%. Free cash flow, operating cash flow less capital expenditures, was $334M ($1.0B less $689M). Diluted earnings per share were $0.76.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 10, 2026.

Revenue and net incomeRevenueNet income
−$2B$0$2B$4B$6B$8BQ3'22, Revenue: $5.1BQ3'22, Net income: $668MQ3'22Q4'22, Revenue: $3.9BQ4'22, Net income: −$246MQ4'22Q1'23, Revenue: $4.4BQ1'23, Net income: $699MQ1'23Q2'23, Revenue: $3.2BQ2'23, Net income: $476MQ2'23Q3'23, Revenue: $4.1BQ3'23, Net income: $502MQ3'23Q4'23, Revenue: $3.1BQ4'23, Net income: −$184MQ4'23Q1'24, Revenue: $3.1BQ1'24, Net income: −$35MQ1'24Q2'24, Revenue: $3.8BQ2'24, Net income: $365MQ2'24Q3'24, Revenue: $6.3BQ3'24, Net income: $1.9BQ3'24Q4'24, Revenue: $4.0BQ4'24, Net income: $441MQ4'24Q1'25, Revenue: $3.9BQ1'25, Net income: −$268MQ1'25Q2'25, Revenue: $4.3BQ2'25, Net income: $327MQ2'25Q3'25, Revenue: $5.0BQ3'25, Net income: $652MQ3'25Q4'25, Revenue: $4.6BQ4'25, Net income: $233MQ4'25Q1'26, Revenue: $5.6BQ1'26, Net income: $1.0BQ1'26Q2'26, Revenue: $4.0BQ2'26, Net income: $305MQ2'26−$2B$0$2B$4B$6B$8BQ3'22, Revenue: $5.1BQ3'22, Net income: $668MQ4'22, Revenue: $3.9BQ4'22, Net income: −$246MQ4'22Q1'23, Revenue: $4.4BQ1'23, Net income: $699MQ2'23, Revenue: $3.2BQ2'23, Net income: $476MQ2'23Q3'23, Revenue: $4.1BQ3'23, Net income: $502MQ4'23, Revenue: $3.1BQ4'23, Net income: −$184MQ4'23Q1'24, Revenue: $3.1BQ1'24, Net income: −$35MQ2'24, Revenue: $3.8BQ2'24, Net income: $365MQ2'24Q3'24, Revenue: $6.3BQ3'24, Net income: $1.9BQ4'24, Revenue: $4.0BQ4'24, Net income: $441MQ4'24Q1'25, Revenue: $3.9BQ1'25, Net income: −$268MQ2'25, Revenue: $4.3BQ2'25, Net income: $327MQ2'25Q3'25, Revenue: $5.0BQ3'25, Net income: $652MQ4'25, Revenue: $4.6BQ4'25, Net income: $233MQ4'25Q1'26, Revenue: $5.6BQ1'26, Net income: $1.0BQ2'26, Revenue: $4.0BQ2'26, Net income: $305MQ2'26

Net income losses drawn in red.

Free cash flow
−$500M$0$500M$1.0B$1.5BQ3'22, Free cash flow: $519MQ3'22Q4'22, Free cash flow: $1MQ4'22Q1'23, Free cash flow: $951MQ1'23Q2'23, Free cash flow: $1.1BQ2'23Q3'23, Free cash flow: $1.2BQ3'23Q4'23, Free cash flow: $467MQ4'23Q1'24, Free cash flow: −$153MQ1'24Q2'24, Free cash flow: $698MQ2'24Q3'24, Free cash flow: $1.0BQ3'24Q4'24, Free cash flow: $923MQ4'24Q1'25, Free cash flow: −$169MQ1'25Q2'25, Free cash flow: −$118MQ2'25Q3'25, Free cash flow: $1.0BQ3'25Q4'25, Free cash flow: $596MQ4'25Q1'26, Free cash flow: $316MQ1'26Q2'26, Free cash flow: $334MQ2'26−$500M$0$500M$1.0B$1.5BQ3'22, Free cash flow: $519MQ4'22, Free cash flow: $1MQ4'22Q1'23, Free cash flow: $951MQ2'23, Free cash flow: $1.1BQ2'23Q3'23, Free cash flow: $1.2BQ4'23, Free cash flow: $467MQ4'23Q1'24, Free cash flow: −$153MQ2'24, Free cash flow: $698MQ2'24Q3'24, Free cash flow: $1.0BQ4'24, Free cash flow: $923MQ4'24Q1'25, Free cash flow: −$169MQ2'25, Free cash flow: −$118MQ2'25Q3'25, Free cash flow: $1.0BQ4'25, Free cash flow: $596MQ4'25Q1'26, Free cash flow: $316MQ2'26, Free cash flow: $334MQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$5B$10B$15B$20BQ3'22, Cash and equivalents: $535MQ3'22Q4'22, Cash and equivalents: $455MQ4'22Q1'23, Cash and equivalents: $518MQ1'23Q2'23, Cash and equivalents: $643MQ2'23Q3'23, Cash and equivalents: $3.2BQ3'23Q4'23, Cash and equivalents: $3.5BQ4'23, Long-term debt: $14.4BQ4'23Q1'24, Cash and equivalents: $1.1BQ1'24Q2'24, Cash and equivalents: $1.6BQ2'24, Long-term debt: $15.9BQ2'24Q3'24, Cash and equivalents: $905MQ3'24, Long-term debt: $14.7BQ3'24Q4'24, Cash and equivalents: $1.2BQ4'24, Long-term debt: $16.3BQ4'24Q1'25, Cash and equivalents: $561MQ1'25, Long-term debt: $16.3BQ1'25Q2'25, Cash and equivalents: $458MQ2'25, Long-term debt: $15.8BQ2'25Q3'25, Cash and equivalents: $602MQ3'25, Long-term debt: $16.0BQ3'25Q4'25, Cash and equivalents: $785MQ4'25, Long-term debt: $17.0BQ4'25Q1'26, Cash and equivalents: $634MQ1'26, Long-term debt: $19.2BQ1'26Q2'26, Cash and equivalents: $435MQ2'26, Long-term debt: $19.6BQ2'26$0$5B$10B$15B$20BQ3'22, Cash and equivalents: $535MQ4'22, Cash and equivalents: $455MQ4'22Q1'23, Cash and equivalents: $518MQ2'23, Cash and equivalents: $643MQ2'23Q3'23, Cash and equivalents: $3.2BQ4'23, Cash and equivalents: $3.5BQ4'23, Long-term debt: $14.4BQ4'23Q1'24, Cash and equivalents: $1.1BQ2'24, Cash and equivalents: $1.6BQ2'24, Long-term debt: $15.9BQ2'24Q3'24, Cash and equivalents: $905MQ3'24, Long-term debt: $14.7BQ4'24, Cash and equivalents: $1.2BQ4'24, Long-term debt: $16.3BQ4'24Q1'25, Cash and equivalents: $561MQ1'25, Long-term debt: $16.3BQ2'25, Cash and equivalents: $458MQ2'25, Long-term debt: $15.8BQ2'25Q3'25, Cash and equivalents: $602MQ3'25, Long-term debt: $16.0BQ4'25, Cash and equivalents: $785MQ4'25, Long-term debt: $17.0BQ4'25Q1'26, Cash and equivalents: $634MQ1'26, Long-term debt: $19.2BQ2'26, Cash and equivalents: $435MQ2'26, Long-term debt: $19.6BQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 10, 2026.

Vistra Corp. income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 10, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 27, 2026Q3 FY2025ended Sep 30, 2025filed Nov 7, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 8, 2025Q4 FY2024ended Dec 31, 2024filed Feb 28, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue4,0175,6404,5844,9714,2503,9334,0376,288−5.5%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative392427460444419391464411−6.4%
Operating income5531,4994741,037515(120)5992,588+7.4%
Other income (expense)186———191(5)——−2.6%
Pretax income4271,212308856403(444)4512,392+6.0%
Income tax1221837520476(176)(39)555+60.5%
Net income3051,029233652327(268)4411,888−6.7%
Diluted EPS ($)0.762.87—1.750.81(0.93)—5.25−6.2%
Diluted shares (millions)339342—345346340—350—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 10, 2026.

Vistra Corp. balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 10, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 27, 2026Q3 FY2025ended Sep 30, 2025filed Nov 7, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 8, 2025Q4 FY2024ended Dec 31, 2024filed Feb 28, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents4356347856024585611,188905−5.0%
Short-term investments—————————
Total current assets10,2769,0169,1798,3818,4848,4308,1198,531+21.1%
Total assets42,60341,30841,55038,02038,14638,22837,77037,878+11.7%
Total current liabilities10,55710,05911,8148,4269,4349,7538,4327,660+11.9%
Long-term debt19,59519,16317,04315,98815,77016,30516,29814,730+24.3%
Total liabilities37,10935,69836,44032,79733,31033,39032,18729,225+11.4%
Stockholders’ equity5,4825,5975,0975,2104,8234,8255,5705,441+13.7%
Shares outstanding (millions)336337337339339339339340—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 10, 2026.

Vistra Corp. cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 10, 2026Q1 FY2026ended Mar 31, 2026filed May 8, 2026Q4 FY2025ended Dec 31, 2025filed Feb 27, 2026Q3 FY2025ended Sep 30, 2025filed Nov 7, 2025Q2 FY2025ended Jun 30, 2025filed Aug 8, 2025Q1 FY2025ended Mar 31, 2025filed May 8, 2025Q4 FY2024ended Dec 31, 2024filed Feb 28, 2025Q3 FY2024ended Sep 30, 2024filed Nov 8, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow1,0231,1991,4321,4675725991,3531,702+78.8%
Capital expenditures689883836458690768430685−0.1%
Free cash flow (CFO − capex)3343165961,009(118)(169)9231,017+383.1%
Depreciation and amortization445484463460541522537466−17.7%
Share repurchases337372252187252337245399+33.7%
Dividends paid7777777769837580+11.6%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 27, 2026.

Income statement

Vistra Corp. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 27, 2026FY2024ended Dec 31, 2024filed Feb 28, 2025FY2023ended Dec 31, 2023filed Feb 29, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 28, 2019FY2017ended Dec 31, 2017filed Feb 26, 2018FY2016ended Dec 31, 2016filed May 18, 2017
Revenue17,73817,22414,77913,72812,07711,44311,8099,1445,430—
Cost of revenue——————————
Gross profit——————————
Research and development——————————
Selling, general and administrative1,7141,6011,3081,1891,0401,035904926600—
Operating income1,9064,0812,661(1,177)(1,515)1,5191,993491198—
Other income (expense)——————————
Pretax income1,1233,4672,000(1,560)(1,722)8901,216(101)250—
Income tax179655508(350)(458)266290(45)504—
Net income9442,6591,493(1,227)(1,274)636928(54)(254)—
Diluted EPS ($)2.187.003.58(3.26)(2.69)1.301.86(0.11)(0.59)—
Diluted shares (millions)346353375422482491500505428—

Balance sheet

Vistra Corp. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 27, 2026FY2024ended Dec 31, 2024filed Feb 28, 2025FY2023ended Dec 31, 2023filed Feb 29, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 28, 2019FY2017ended Dec 31, 2017filed Feb 26, 2018FY2016ended Dec 31, 2016filed May 18, 2017
Cash and equivalents7851,1883,4854551,3254063006361,487843
Short-term investments——————————
Total current assets9,1798,11911,63711,1167,8833,4294,1143,4352,6732,473
Total assets41,55037,77032,96632,78729,68325,20826,61626,02414,60015,167
Total current liabilities11,8148,4329,82310,3375,8433,0364,5743,6251,3511,504
Long-term debt17,04316,29814,402———————
Total liabilities36,44032,18727,64427,86921,39116,84718,65618,1578,2588,570
Stockholders’ equity5,0975,5705,3074,9028,2918,3717,9597,8636,3426,597
Shares outstanding (millions)337339348381449484488486428—

Cash flow statement

Vistra Corp. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 27, 2026FY2024ended Dec 31, 2024filed Feb 28, 2025FY2023ended Dec 31, 2023filed Feb 29, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 26, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 28, 2019FY2017ended Dec 31, 2017filed Feb 26, 2018FY2016ended Dec 31, 2016filed May 18, 2017
Operating cash flow4,0704,5635,453485(206)3,3372,7361,4711,386—
Capital expenditures2,7522,0781,6761,3011,0331,259713530114—
Free cash flow (CFO − capex)1,3182,4853,777(816)(1,239)2,0782,0239411,272—
Depreciation and amortization1,9861,8431,5021,5961,7531,7371,6401,394699—
Share repurchases1,0281,2661,2451,94947106567630—
Dividends paid30630531330229026624300—

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$1M
3 purchases by 1 insider; officers and directors $1M
Sold, three months
$17M
6 sales by 2 insiders; officers and directors $17M
Bought, twelve months
$1M
3 purchases by 1 insider; officers and directors $1M
Sold, twelve months
$60M
21 sales by 10 insiders; officers and directors $60M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 7, 2026Moldovan Kristopher E.EVP and CFOopen-market sale10b5-1indirect20,000$165.00$3M179,044Oct 8, 2026
Oct 6, 2026Hudson Scott AEVP & President Vistra Retailopen-market sale10b5-122,222$160.14$4M308,915Oct 7, 2026
Sep 8, 2026Moldovan Kristopher E.EVP and CFOopen-market sale10b5-1indirect20,000$151.03$3M199,044Sep 10, 2026
Sep 8, 2026Hudson Scott AEVP & President Vistra Retailopen-market sale10b5-17,777$150.97$1M367,804Sep 10, 2026
Sep 8, 2026Hudson Scott AEVP & President Vistra Retailopen-market sale10b5-128,826$151.85$4M338,978Sep 10, 2026
Sep 8, 2026Hudson Scott AEVP & President Vistra Retailopen-market sale10b5-17,841$152.56$1M331,137Sep 10, 2026
Sep 1, 2026Burke James APresident and CEO, Directoropen-market buyindirect4,465$135.25$604K1MSep 2, 2026
Aug 31, 2026Burke James APresident and CEO, Directoropen-market buyindirect2,200$135.99$299K1MSep 2, 2026
Aug 24, 2026Burke James APresident and CEO, Directoropen-market buyindirect2,000$135.00$270K1MAug 24, 2026
Jun 18, 2026Sult John RDirectoropen-market sale10b5-16,500$170.00$1M70,714Jun 23, 2026
Jun 18, 2026Acosta ArciliaDirectoropen-market sale10b5-17,500$165.04$1M40,107Jun 23, 2026
Jun 18, 2026Acosta ArciliaDirectoropen-market sale10b5-17,500$170.00$1M32,607Jun 23, 2026
Jun 16, 2026Helm Scott BDirectoropen-market sale10b5-125,000$160.00$4M232,200Jun 18, 2026
Jun 15, 2026Barbas Paul MDirectoropen-market sale10b5-1244$153.00$37K53,006Jun 16, 2026
Jun 12, 2026Barbas Paul MDirectoropen-market sale10b5-1244$147.93$36K53,250Jun 16, 2026
Jun 2, 2026Montemayor MargaretSVP, Chief Accounting Officeropen-market sale4,600$160.00$736K9,760Jun 4, 2026
May 27, 2026Montemayor MargaretSVP, Chief Accounting Officeropen-market sale5,000$164.96$825K14,360May 29, 2026
May 15, 2026Sult John RDirectoraward1,268$0.00—77,214May 19, 2026
May 15, 2026Pitesa John WilliamDirectoraward1,268$0.00—5,898May 19, 2026
May 15, 2026Helm Scott BDirectoraward2,008$0.00—257,200May 19, 2026
May 15, 2026Barbas Paul MDirectoraward1,268$0.00—53,494May 19, 2026
May 15, 2026Crutchfield LisaDirectoraward1,268$0.00—34,618May 19, 2026
May 15, 2026Baiera Gavin R.Directoraward1,268$0.00—51,641May 19, 2026
May 15, 2026Acosta ArciliaDirectoraward1,268$0.00—47,607May 19, 2026
May 15, 2026Ackermann Hilary E.Directoraward1,268$0.00—68,852May 19, 2026

Full insider history for Vistra Corp., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held VST in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded VST by quarter.

FundManagerQuarterValueSharesWeightMove
Appaloosa ManagementDavid TepperQ2 2026$351M2M4.55%added +9.5%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Vistra Operations Company LLC, CIK 1692819 on EDGAR
Extract generated
October 6, 2026
Withheld
none
Repaired
1 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: operating income FY2017
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquireProductiveAssets, PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends, PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated October 6, 2026.

JSON file
/data/financials/VST.json