Track market-moving stories before they get noisy

Electricity demand is doing something it hasn't done in decades in the United States: growing fast. Vistra (VST -1.95%), one of the country's largest competitive power producers, told investors in its latest quarterly filing that data centers, the electrification of oil field operations, and electric vehicles are contributing to projected "fast-paced load growth" in the markets it serves.

You wouldn't know it from the stock. Shares have dropped about 37% from a 52-week high of $219.82, to about $139 as of this writing. And Vistra has company, as the whole independent power group has sold off this year. Nuclear operator Constellation Energy, for instance, is down about 32% from its own high.

With demand for Vistra's product climbing while its share price falls, is this a buying opportunity?

Image source: Getty Images.

A strong year, mostly locked inVistra's latest results, reported earlier this month, showed a business moving in the opposite direction from its share price. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from ongoing operations rose about 31% year over year in the second quarter, to $1.77 billion from $1.35 billion a year earlier, helped by higher realized power and capacity prices and contributions from recently acquired plants.

Management also reaffirmed its 2026 adjusted EBITDA guidance of $6.8 billion to $7.6 billion. Even more, it said it expects to land at or above the midpoint of that range.

The cash generation behind those earnings is substantial. The company guides to adjusted free cash flow before growth investments of about $3.9 billion to $4.7 billion this year. Against a market capitalization of about $47 billion, the midpoint works out to a roughly 9% free-cash-flow yield.

And unusually for a business tied to commodity power prices, this year's results are largely spoken for. Management says about 100% of its expected 2026 generation volumes are hedged. Topping it all off, the company has been shrinking its share count aggressively, repurchasing about $6.5 billion of stock since late 2021 and reducing shares outstanding by about 30%.

Amazon and Meta signed on for 20 yearsThe development I find more important for the long run, though, is who is signing up to buy Vistra's power -- and for how long.

In September 2025, the company struck a 20-year power purchase agreement with Amazon Web Services, the cloud computing arm of Amazon (AMZN +3.97%), to supply 1,200 megawatts of carbon-free power from its Comanche Peak nuclear plant in Texas. Deliveries are expected to begin in late 2027.

In January, Vistra followed with 20-year agreements with Meta Platforms (META +1.21%) covering 2,609 megawatts of nuclear power and capacity from its Perry, Davis-Besse, and Beaver Valley plants, including new capacity from planned upgrades to all three. Deliveries under the Meta deals start late this year.

Notably, those Meta agreements aren't even in the company's 2027 outlook yet. Management points to an adjusted EBITDA "midpoint opportunity" of $7.4 billion to $7.8 billion for 2027 excluding them (and excluding a pending acquisition of gas plants). Vistra has also committed up to $1.0 billion to Helix, a new data center infrastructure venture where it will serve as the preferred power partner.

In short, nearly 4,000 megawatts of the company's nuclear output is now contracted to two of the world's largest technology companies for two decades each. That's revenue visibility competitive power producers rarely get.

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Moneyball Superscore

74/100

Today's Change

(

-1.95

%) $

-2.72

Current Price

$

137.09

Adjusted EBITDA is up 31%, guidance is intact, and decades-long contracts keep stacking up. Yet the stock trades at a forward price-to-earnings ratio of about 13. The drawdown looks less like a verdict on Vistra and more like the market cooling on the AI-power trade that got crowded in 2025.

Sure, there are risks. Vistra sells into competitive markets, so beyond its hedges and contracts, its results ride on power prices no one controls. A slowdown in data center construction could test the demand thesis. And second-quarter net income was just $305 million, weighed down by unrealized losses on hedging positions -- lumpy accounting that comes with this business model.

But at a forward price-to-earnings ratio of about 13, with this much of the future under contract, I think the stock is attractive. And I'd be a buyer at today's price. If power prices roll over or the data center deals stop coming, that would change my thinking. For now, I'd simply size the position with the volatility in mind.

Vistra Corp. (VST - Free Report) reported $4.02 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 5.5%. EPS of $1.80 for the same period compares to $1.01 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $6.29 billion, representing a surprise of -36.17%. The company delivered an EPS surprise of +16.88%, with the consensus EPS estimate being $1.54.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Vistra performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Total retail electricity sales volumes: 31,800.00 GWh versus 34,031.77 GWh estimated by two analysts on average.Adjusted EBITDA- Retail: $773 million versus $750.28 million estimated by two analysts on average.Adjusted EBITDA- West: $68 million versus the two-analyst average estimate of $53.37 million.Adjusted EBITDA- East: $642 million compared to the $627.65 million average estimate based on two analysts.Adjusted EBITDA- Texas: $311 million versus $232.31 million estimated by two analysts on average.View all Key Company Metrics for Vistra here>>>

Shares of Vistra have returned -11.5% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Earnings Release Highlights

GAAP second quarter 2026 Net Income of $305 million, including an unrealized loss from hedges expected to settle in future years of $472 million. Achieved more than 30% growth in Ongoing Operations Adjusted EBITDA1 to $1,767 million for the quarter compared to second quarter 2025. Reaffirmed 2026 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted FCFbG1 guidance ranges of $6.8 billion to $7.6 billion and $3.925 billion to $4.725 billion, respectively.3 Announced Helix Digital Infrastructure alongside KKR, KIA, and NVIDIA with an initial commitment from Vistra of up to $1.0 billion. Received Federal Energy Regulatory Commission approval of the pending Cogentrix Energy acquisition. Earned second consecutive distinction as one of U.S. News & World Report's Best Companies to Work For. , /PRNewswire/ -- Vistra Corp. (NYSE: VST) today reported its second quarter 2026 financial results and other highlights.

"The Vistra team delivered another strong quarter, building on our momentum from the start of the year and continuing to execute at a high level," said Jim Burke, president and CEO of Vistra. "I'm incredibly proud of our employees across the company - through their commitment, collaboration, and focus on serving our customers, Vistra delivered a more than 30% year-over-year increase in Ongoing Operations Adjusted EBITDA.1 From our generation team maintaining a reliable fleet, to our commercial and retail teams navigating dynamic market conditions and delivering solutions for customers, these results reflect the hard work and dedication of our people."

"We also announced an important investment to further position Vistra for long-term growth. The formation of Helix Digital Infrastructure, alongside our partners NVIDIA, KKR, and Kuwait Investment Authority, as well as Vistra's role as Helix's preferred power provider, create an exciting opportunity for the company. At the same time, we continued advancing key strategic initiatives, including the pending Cogentrix acquisition, construction of our two Permian Basin natural gas units, and development of solar facilities, including Oak Hill 2 and Pulaski."

"Operationally, the Vistra team's preparation and disciplined execution during our annual spring maintenance season set us up for strong, reliable performance during the first half of the summer. During recent periods of extreme heat in Texas and the PJM market, Vistra achieved commercial availability of 97% or greater across our fleet, helping ensure reliable power when our customers and communities needed it most. As we complete the critical summer period and the remainder of the year, we remain focused on safely and reliably operating our fleet, advancing our strategy, and continuing to create solutions and value for our customers, communities, employees, and shareholders."

Summary of Financial Results for the Three and Six Months Ended June 30, 2026 and 2025
(Unaudited) (Millions of Dollars)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Net income

$           305

$           327

$        1,334

$            59

Ongoing operations Adjusted EBITDA

$        1,767

$        1,349

$        3,261

$        2,589

Adjusted EBITDA by Segment

Retail

$           773

$           756

$           841

$           940

Texas

$           311

$           142

$           897

$           632

East

$           642

$           418

$        1,443

$           932

West

$            68

$            49

$           124

$           111

Corporate and Other

$           (27)

$           (16)

$           (44)

$           (26)

Asset Closure

$           (23)

$           (17)

$           (42)

$           (41)

For the quarter ended June 30, 2026, Vistra reported Net Income of $305 million and Ongoing Operations Adjusted EBITDA1 of $1,767 million. Net Income for the second quarter 2026 decreased $22 million compared to the second quarter 2025, driven primarily by an increase in unrealized mark-to-market losses of $488 million on derivative positions, mostly offset by higher realized prices and capacity revenue, and three months' contribution from the plants acquired from Lotus. Ongoing Operations Adjusted EBITDA for the second quarter 2026 increased by $418 million compared to the second quarter 2025, driven primarily by higher realized energy and capacity prices and three months' contribution from the plants acquired from Lotus.

Guidance3

($ in millions)

Reaffirmed 2026

Guidance Ranges

Ongoing Operations Adjusted EBITDA

$6,800 - $7,600

Ongoing Operations Adjusted FCFbG

$3,925 - $4,725

As of Aug. 3, 2026, Vistra had hedged approximately 100% of its expected generation volumes for 2026, approximately 94% for 2027, and approximately 72% for 2028. The company's comprehensive hedging program provides support for the reaffirmed 2026 guidance ranges and the previously announced Ongoing Operations Adjusted EBITDA midpoint opportunity2 range of $7.4 billion to $7.8 billion for 2027.3 The ranges exclude any potential benefits from the pending acquisition of Cogentrix and the signed power purchase agreements with Meta, part of which are expected to contribute to our Adjusted EBITDA in 2027.

Share Repurchase Program

As of Aug. 3, 2026:

Vistra executed ~$6.5 billion in share repurchases since November 2021. Vistra had ~336 million shares outstanding, representing a ~30% reduction of the amount of the shares outstanding on Nov. 2, 2021. ~$1.2 billion of the share repurchase authorization remained available, which we expect to complete no later than year-end 2027. Liquidity

As of June 30, 2026, Vistra had total available liquidity of approximately $6,295 million, including cash and cash equivalents of $435 million, $4,408 million of availability under its corporate revolving credit facility, and $1,452 million of availability under its commodity-linked revolving credit facility. Available capacity under the commodity-linked revolving credit facility reflects the borrowing base of $1,452 million and excludes $298 million of commitments under the facility that were not available to be drawn as of June 30, 2026.

Earnings Webcast

Vistra will host a webcast today, Aug. 7, 2026, beginning at 10 a.m. ET (9 a.m. CT) to discuss these results and related matters. The live webcast and the accompanying slides that will be discussed on the call can be accessed via Vistra's website at www.vistracorp.com under "Investor Relations" and then "Events & Presentations." Participants can also listen by phone by registering here prior to the start time of the call to receive a conference call dial-in number. A replay of the webcast will be available on Vistra's website for one year following the live event.

About Vistra

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 https://www.vistracorp.com. 

1

Ongoing Operations excludes the Asset Closure segment. Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted Free Cash Flow before Growth are non-GAAP financial measures. Any reference to "Ongoing Operations Adjusted FCFbG" is a reference to Ongoing Operations Adjusted Free Cash Flow before Growth. See the "Non-GAAP Reconciliation" tables for further detail. Total segment information may not tie due to rounding.

2

Midpoint opportunities are not intended to be guidance and represent only our estimate of potential opportunities for Ongoing Operations Adjusted EBITDA in 2027 based on market curves as of October 31, 2025. Actual results could vary and are subject to a number of risks, uncertainties and factors, including power price market movements and our hedging strategy. We have not provided a quantitative reconciliation of Ongoing Operations Adjusted EBITDA opportunities for 2027 to GAAP net income (loss) because we cannot, without unreasonable effort, calculate certain reconciling items with confidence due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from Ongoing Operations Adjusted EBITDA in such out year periods.

3

2026 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted Free Cash Flow before Growth guidance ranges and 2027 Ongoing Operations Adjusted EBITDA Midpoint Opportunity exclude any potential impact from the pending acquisition of Cogentrix and the announced long-term power purchase agreements with Meta.

About Non-GAAP Financial Measures and Items Affecting Comparability

"Adjusted EBITDA" (EBITDA as adjusted for unrealized gains or losses from hedging activities, transition and merger expenses, non-cash compensation expenses, nuclear decommissioning trust income, asset retirement obligation expenses, and certain other items described from time to time in Vistra's earnings releases), "Adjusted Free Cash Flow before Growth" (or "Adjusted FCFbG") (cash from operating activities excluding changes in margin deposits and working capital and adjusted for maintenance capital expenditures, other net investment activities, and other items described from time to time in Vistra's earnings releases), "Ongoing Operations Adjusted EBITDA" (adjusted EBITDA less adjusted EBITDA from Asset Closure segment), and "Ongoing Operations Adjusted Free Cash Flow before Growth" or "Ongoing Operations Adjusted FCFbG" (adjusted free cash flow before growth less cash flow from operating activities from Asset Closure segment before growth) are "non-GAAP financial measures." A non-GAAP financial measure is a numerical measure of financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in Vistra's consolidated statements of operations, comprehensive income, changes in stockholders' equity and cash flows. Non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable GAAP measures. Vistra's non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.

Vistra uses Adjusted EBITDA as a measure of performance and believes that analysis of its business by external users is enhanced by visibility to both Net Income prepared in accordance with GAAP and Adjusted EBITDA. Vistra uses Adjusted Free Cash Flow before Growth as a measure of liquidity and performance, and believes that analysis of capital available to allocate for debt service, growth, and return of capital to stockholders is supported by disclosure of both cash provided by (used in) operating activities prepared in accordance with GAAP as well as Adjusted Free Cash Flow before Growth. Vistra uses Ongoing Operations Adjusted EBITDA as a measure of performance and Ongoing Operations Adjusted Free Cash Flow before Growth as a measure of liquidity and performance, and Vistra's management and board of directors have found it informative to view the Asset Closure segment as separate and distinct from Vistra's ongoing operations. The schedules attached to this earnings release reconcile the non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP.

Cautionary Note Regarding Forward-Looking Statements 

The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Vistra Corp. ("Vistra") operates and beliefs of and assumptions made by Vistra's management, involve risks and uncertainties, which are difficult to predict and are not guarantees of future performance, that could significantly affect the financial results of Vistra. All statements, other than statements of historical facts, that are presented herein, or in response to questions or otherwise, that address activities, events or developments that may occur in the future, including such matters as activities related to our financial or operational projections, financial condition and cash flows, projected synergy, net debt targets, capital allocation, capital expenditures, liquidity, projected Adjusted EBITDA to free cash flow conversion rate, dividend policy, business strategy, competitive strengths, goals, future acquisitions or dispositions, development or operation of power generation assets, market and industry developments and the growth of our businesses and operations, including potential transactions with large load facilities at our nuclear and natural gas plants (often, but not always, through the use of words or phrases, or the negative variations of those words or other comparable words of a future or forward-looking nature, including, but not limited to: "intends," "plans," "will likely," "unlikely," "believe," "confident," "expect," "seek," "anticipate," "estimate," "continue," "will," "shall," "should," "could," "may," "might," "predict," "project," "forecast," "target," "potential," "goal," "objective," "guidance," "on track" and "outlook"), are forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Although Vistra believes that in making any such forward-looking statement, Vistra's expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and risks that could cause results to differ materially from those projected in or implied by any such forward-looking statement, including, but not limited to: (i) adverse changes in general economic or market conditions (including changes in interest rates) or changes in political conditions or federal or state laws and regulations; (ii) the ability of Vistra to execute upon its contemplated strategic, capital allocation, performance, and cost-saving initiatives and to successfully integrate acquired businesses, including our ability to close the acquisition of Cogentrix Energy; (iii) actions by credit ratings agencies; (iv) the severity, magnitude and duration of extreme weather events, contingencies and uncertainties relating thereto, most of which are difficult to predict and many of which are beyond our control, and the resulting effects on our results of operations, financial condition and cash flows; and (v) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission by Vistra from time to time, including the uncertainties and risks discussed in the sections entitled "Risk Factors" and "Forward-Looking Statements" in Vistra's annual report on Form 10-K for the year ended December 31, 2025 and subsequently filed quarterly reports on Form 10-Q.

Any forward-looking statement speaks only at the date on which it is made, and except as may be required by law, Vistra will not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible to predict all of them; nor can Vistra assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

VISTRA CORP.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) (Millions of Dollars)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Operating revenues

$        4,017

$        4,250

$        9,657

$        8,183

Fuel, purchased power costs, and delivery fees

(1,774)

(1,974)

(4,304)

(4,421)

Operating costs

(853)

(733)

(1,553)

(1,426)

Depreciation and amortization

(445)

(541)

(929)

(1,063)

Selling, general, and administrative expenses

(392)

(419)

(819)

(810)

Impairment of long-lived assets

—

(68)

—

(68)

Operating income

553

515

2,052

395

Other income (deductions), net

186

191

162

186

Interest expense and related charges

(312)

(303)

(575)

(622)

Net income (loss) before income taxes

427

403

1,639

(41)

Income tax (expense) benefit

(122)

(76)

(305)

100

Net income attributable to Vistra

$           305

$           327

$        1,334

$            59

Cumulative dividends attributable to preferred stock

(47)

(47)

(96)

(96)

Net income (loss) attributable to Vistra common stock

$           258

$           280

$        1,238

$           (37)

VISTRA CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) (Millions of Dollars)

Six Months Ended June 30,

2026

2025

Cash flows — operating activities:

Net income

$        1,334

$            59

Adjustments to reconcile net income (loss) to cash provided by operating activities:

Depreciation and amortization

1,363

1,534

Deferred income tax expense (benefit), net

255

(128)

Impairment of long-lived and other assets

—

68

Unrealized net (gain) loss from mark-to-market valuations of commodities

(251)

551

Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps

(7)

74

Unrealized net (gain) loss from nuclear decommissioning trusts

22

(74)

Asset retirement obligation accretion expense

63

66

Bad debt expense

86

87

Stock-based compensation expense

67

46

Involuntary conversion gain

(48)

(80)

Other, net

—

13

Changes in operating assets and liabilities:

Margin deposits, net

(188)

(368)

Accrued interest

61

(5)

Accrued taxes other than income

(100)

(56)

Accrued employee incentive

(99)

(145)

Other operating assets and liabilities

(336)

(471)

Cash provided by operating activities

2,222

1,171

Cash flows — investing activities:

Capital expenditures, including nuclear fuel purchases and LTSA prepayments

(1,572)

(1,458)

Lotus acquisition purchase price adjustment

6

—

Proceeds from sales of nuclear decommissioning trust fund securities

3,036

3,024

Investments in nuclear decommissioning trust fund securities

(3,037)

(3,035)

Proceeds from sales of environmental allowances

128

25

Purchases of environmental allowances

(201)

(392)

Insurance proceeds for recovery of damaged property, plant, and equipment

234

173

Proceeds from sales of property, plant, and equipment, including nuclear fuel

50

—

Other, net

77

(8)

Cash used in investing activities

(1,279)

(1,671)

Cash flows — financing activities:

Issuances of debt

6,422

209

Repayments/repurchases of debt

(3,859)

(757)

Net borrowings (repayments) under accounts receivable financing

(925)

375

Borrowings under Revolving Credit Facility

400

—

Repayments under Revolving Credit Facility

(780)

—

Borrowings under Commodity-Linked Facility

—

987

Repayments under Commodity-Linked Facility

(1,420)

(126)

Debt issuance costs

(72)

—

Stock repurchases

(709)

(589)

Dividends paid to common stockholders

(154)

(152)

Dividends paid to preferred stockholders

(96)

(96)

Tax withholding on stock-based compensation

(69)

(50)

Principal payment on forward repurchase obligation

(19)

(41)

Other, net

(3)

13

Cash used in financing activities

(1,284)

(227)

Net change in cash, cash equivalents and restricted cash (current and noncurrent)

(341)

(727)

Cash, cash equivalents and restricted cash (current and noncurrent) — beginning balance

822

1,222

Cash, cash equivalents and restricted cash (current and noncurrent) — ending balance

$           481

$           495

VISTRA CORP.
NON-GAAP RECONCILIATIONS - ADJUSTED EBITDA
FOR THE THREE MONTHS ENDED JUNE 30, 2026
(Unaudited) (Millions of Dollars)

Retail

Texas

East

West

Eliminations /
Corp and
Other

Ongoing
Operations
Consolidated

Asset
Closure

Vistra Corp.
Consolidated

Net income (loss)

$   484

$   592

$  (166)

$    28

$      (517)

$      421

$  (116)

$      305

Income tax expense

—

—

—

—

122

122

—

122

Interest expense and related charges (a)

10

(10)

(24)

(4)

339

311

1

312

Depreciation and amortization (b)

10

213

302

14

18

557

3

560

EBITDA before Adjustments

504

795

112

38

(38)

1,411

(112)

1,299

Unrealized net (gain) loss resulting from commodity hedging transactions

261

(446)

629

28

—

472

—

472

Purchase accounting impacts

1

—

(14)

—

(13)

(26)

—

(26)

Non-cash compensation expenses

—

—

—

—

35

35

—

35

Transition and merger expenses

1

—

2

—

12

15

—

15

Insurance income (c)

—

(48)

—

—

—

(48)

—

(48)

Decommissioning-related activities (d)

—

4

(95)

1

—

(90)

90

—

Other, net

6

6

8

1

(23)

(2)

(1)

(3)

Adjusted EBITDA

$   773

$   311

$   642

$    68

$       (27)

$    1,767

$   (23)

$    1,744

(a)

Corporate and Other includes $9 million of unrealized mark-to-market net losses on interest rate swaps.

(b)

Includes nuclear fuel amortization of $30 million and $86 million, respectively, in the Texas and East segments.

(c)

Includes involuntary conversion gain recognized from Martin Lake Incident property damage insurance in the Texas segment.

(d)

Includes NDT (income) loss of the PJM nuclear facilities, ARO and environmental remediation expenses, and other expenses associated with the Moss Landing Incident.

VISTRA CORP.
NON-GAAP RECONCILIATIONS - ADJUSTED EBITDA
FOR THE SIX MONTHS ENDED JUNE 30, 2026
(Unaudited) (Millions of Dollars)

Retail

Texas

East

West

Eliminations /
Corp and Other

Ongoing
Operations
Consolidated

Asset
Closure

Vistra Corp.
Consolidated

Net income (loss)

$  (240)

$ 2,683

$    10

$    62

$   (1,045)

$    1,470

$  (136)

$    1,334

Income tax expense

—

—

—

—

305

305

—

305

Interest expense and related charges (a)

23

(24)

(46)

(7)

628

574

1

575

Depreciation and amortization (b)

20

424

657

28

36

1,165

6

1,171

EBITDA before Adjustments

(197)

3,083

621

83

(76)

3,514

(129)

3,385

Unrealized net (gain) loss resulting from commodity hedging transactions

1,026

(2,168)

854

37

—

(251)

—

(251)

Purchase accounting impacts

1

—

(15)

—

(13)

(27)

—

(27)

Non-cash compensation expenses

—

—

—

—

67

67

—

67

Transition and merger expenses

—

—

2

—

24

26

—

26

Insurance income (c)

—

(48)

—

—

—

(48)

(6)

(54)

Decommissioning-related activities (d)

—

8

(35)

1

—

(26)

92

66

Other, net

11

22

16

3

(46)

6

1

7

Adjusted EBITDA

$   841

$   897

$ 1,443

$   124

$       (44)

$    3,261

$   (42)

$    3,219

(a)

Corporate and Other includes $7 million of unrealized mark-to-market net gains on interest rate swaps.

(b)

Includes nuclear fuel amortization of $66 million and $176 million, respectively, in the Texas and East segments.

(c)

Includes involuntary conversion gain recognized from Martin Lake Incident property damage insurance in Texas segment and revenues from Moss Landing Incident business interruption proceeds in the Asset Closure segment.

(d)

Includes NDT (income) loss of the PJM nuclear facilities, ARO and environmental remediation expenses, and other expenses associated with the Moss Landing Incident.

VISTRA CORP.
NON-GAAP RECONCILIATIONS - ADJUSTED EBITDA
FOR THE THREE MONTHS ENDED JUNE 30, 2025
(Unaudited) (Millions of Dollars)

Retail

Texas

East

West

Eliminations /
Corp and Other

Ongoing
Operations
Consolidated

Asset
Closure

Vistra Corp.
Consolidated

Net income (loss)

$  (123)

$   863

$   120

$   (50)

$      (440)

$      370

$   (43)

$      327

Income tax expense

—

—

1

—

75

76

—

76

Interest expense and related charges (a)

17

(18)

(8)

(1)

312

302

1

303

Depreciation and amortization (b)

24

197

412

16

20

669

(1)

668

EBITDA before Adjustments

(82)

1,042

525

(35)

(33)

1,417

(43)

1,374

Unrealized net (gain) loss resulting from commodity hedging transactions

841

(900)

(39)

82

—

(16)

—

(16)

Purchase accounting impacts

8

—

9

—

—

17

—

17

Non-cash compensation expenses

—

—

—

—

25

25

—

25

Transition and merger expenses

5

—

—

—

17

22

—

22

Impairment of long-lived assets

—

68

—

—

—

68

—

68

Insurance income (c)

—

(80)

—

—

—

(80)

(21)

(101)

Decommissioning-related activities (d)

—

4

(81)

—

—

(77)

43

(34)

ERP system implementation expenses

3

3

3

—

—

9

1

10

Other, net (e)

(19)

5

1

2

(25)

(36)

3

(33)

Adjusted EBITDA

$   756

$   142

$   418

$    49

$       (16)

$    1,349

$   (17)

$    1,332

(a)

Corporate and Other includes $26 million of unrealized mark-to-market net losses on interest rate swaps.

(b)

Includes nuclear fuel amortization of $30 million and $92 million, respectively, in the Texas and East segments.

(c)

Includes involuntary conversion gain recognized from Martin Lake Incident property damage insurance in the Texas segment and revenues from Moss Landing Incident business interruption proceeds in the Asset Closure segment.

(d)

Includes NDT (income) loss of the PJM nuclear facilities, ARO and environmental remediation expenses, and other expenses associated with the Moss Landing Incident.

(e)

Includes the final application of bill credits to large commercial and industrial customers that curtailed their usage during Winter Storm Uri in the Retail segment.

VISTRA CORP.
NON-GAAP RECONCILIATIONS - ADJUSTED EBITDA
FOR THE SIX MONTHS ENDED JUNE 30, 2025
(Unaudited) (Millions of Dollars)

Retail

Texas

East

West

Eliminations /
Corp and Other

Ongoing
Operations
Consolidated

Asset
Closure

Vistra Corp.
Consolidated

Net income (loss)

$ 1,009

$   143

$  (370)

$    27

$      (639)

$      170

$  (111)

$        59

Income tax expense (benefit)

—

—

1

—

(101)

(100)

—

(100)

Interest expense and related charges (a)

35

(32)

(20)

(2)

639

620

2

622

Depreciation and amortization (b)

47

378

808

31

39

1,303

(2)

1,301

EBITDA before Adjustments

1,091

489

419

56

(62)

1,993

(111)

1,882

Unrealized net (gain) loss resulting from commodity hedging transactions

(156)

130

528

50

—

552

(1)

551

Purchase accounting impacts

8

—

23

—

—

31

—

31

Non-cash compensation expenses

—

—

—

—

46

46

—

46

Transition and merger expenses

5

—

1

—

34

40

—

40

Impairment of long-lived assets

—

68

—

—

—

68

—

68

Insurance income (c)

—

(80)

—

—

—

(80)

(21)

(101)

Decommissioning-related activities (d)

—

9

(46)

—

—

(37)

89

52

ERP system implementation expenses

3

3

3

—

—

9

1

10

Other, net (e)

(11)

13

4

5

(44)

(33)

2

(31)

Adjusted EBITDA

$   940

$   632

$   932

$   111

$       (26)

$    2,589

$   (41)

$    2,548

(a)

Corporate and Other includes $74 million of unrealized mark-to-market net losses on interest rate swaps.

(b)

Includes nuclear fuel amortization of $61 million and $176 million, respectively, in the Texas and East segments.

(c)

Includes involuntary conversion gain recognized from Martin Lake Incident property damage insurance in the Texas segment and revenues from Moss Landing Incident business interruption proceeds in the Asset Closure segment.

(d)

Includes NDT (income) loss of the PJM nuclear facilities, ARO and environmental remediation expenses, and other expenses associated with the Moss Landing Incident.

(e)

Includes the final application of bill credits to large commercial and industrial customers that curtailed their usage during Winter Storm Uri in the Retail segment.

VISTRA CORP. - NON-GAAP RECONCILIATIONS 2026 GUIDANCE1
(Unaudited) (Millions of Dollars)

Ongoing

Operations

Asset

Closure

Vistra Corp.

Consolidated

Low

High

Low

High

Low

High

Net income (loss)

$ 3,100

$       3,730

$  (90)

$  (90)

$ 3,010

$ 3,640

Income tax expense

830

1,000

—

—

830

1,000

Interest expense and related charges (a)

1,200

1,200

—

—

1,200

1,200

Depreciation and amortization (b)

2,150

2,150

—

—

2,150

2,150

EBITDA before Adjustments

$ 7,280

$       8,080

$  (90)

$  (90)

$ 7,190

$ 7,990

Unrealized net (gain) loss resulting from hedging transactions

(728)

(728)

—

—

(728)

(728)

Fresh start/purchase accounting impacts

58

58

—

—

58

58

Non-cash compensation expenses

137

137

—

—

137

137

Transition and merger expenses

29

29

—

—

29

29

Decommissioning-related activities (c)

64

64

22

22

86

86

ERP system implementation expenses & other transformational initiatives

17

17

—

—

17

17

Other, net

(57)

(57)

(12)

(12)

(69)

(69)

Adjusted EBITDA guidance

$ 6,800

$       7,600

$  (80)

$  (80)

$ 6,720

$ 7,520

1 Regulation G Table 2026 Guidance prepared as of November 6, 2025, based on market curves as of October 31, 2025. Guidance excludes any potential benefit from the nuclear production tax credit.

(a)

Includes $60 million interest related to noncontrolling interest repurchase.

(b)

Includes nuclear fuel amortization of $423 million.

(c)

Represents net of all NDT income (loss) of the PJM nuclear facilities, ARO accretion expense for operating assets and ARO remeasurement impacts for operating assets.

VISTRA CORP. - NON-GAAP RECONCILIATIONS 2026 GUIDANCE1
(Unaudited) (Millions of Dollars)

Ongoing

Operations

Asset

Closure

Vistra Corp.

Consolidated

Low

High

Low

High

Low

High

Adjusted EBITDA guidance

$ 6,800

$       7,600

$  (80)

$  (80)

$ 6,720

$ 7,520

Interest paid, net

(1,125)

(1,125)

—

—

(1,125)

(1,125)

Tax (paid) / received

(111)

(111)

—

—

(111)

(111)

Working capital, margin deposits and accrued environmental allowances

640

640

—

—

640

640

Reclamation and remediation

(78)

(78)

(80)

(80)

(158)

(158)

ERP system implementation expenses & other transformational initiatives

(16)

(16)

—

—

(16)

(16)

Other changes in other operating assets and liabilities

(112)

(112)

(5)

(5)

(117)

(117)

Cash provided by operating activities

$ 5,998

$       6,798

$ (165)

$ (165)

$ 5,833

$ 6,633

Capital expenditures including nuclear fuel purchases and LTSA prepayments

(1,536)

(1,536)

—

—

(1,536)

(1,536)

Other net investing activities

(20)

(20)

—

—

(20)

(20)

Working capital, margin deposits and accrued environmental allowances

(640)

(640)

—

—

(640)

(640)

Transition and merger expenses

41

41

—

—

41

41

Interest on noncontrolling interest repurchase obligation

60

60

—

—

60

60

ERP system implementation expenses & other transformational initiatives

22

22

—

—

22

22

Adjusted free cash flow before growth guidance

$ 3,925

$       4,725

$ (165)

$ (165)

$ 3,760

$ 4,560

1 Regulation G Table 2026 Guidance prepared as of November 6, 2025, based on market curves as of October 31, 2025.

SOURCE Vistra Corp

Wall Street expects a year-over-year increase in earnings on higher revenues when Vistra Corp. (VST - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 7. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $2.02 per share in its upcoming report, which represents a year-over-year change of +100%.

Revenues are expected to be $6.29 billion, up 48.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 13.78% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Vistra?For Vistra, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -16.63%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Vistra will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Vistra would post earnings of $2.21 per share when it actually produced earnings of $2.87, delivering a surprise of +29.86%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Vistra doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Utility - Electric Power industry, Evergy Inc (EVRG - Free Report) , is soon expected to post earnings of $0.82 per share for the quarter ended June 2026. This estimate indicates no change from the year-ago quarter. Revenues for the quarter are expected to be $1.47 billion, up 2.6% from the year-ago quarter.

The consensus EPS estimate for Evergy has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -6.75%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Evergy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

When a stock surges more than eightfold in just five years, it's understandable that some investors wonder if they've missed the party. When the name in question is a utility stock, that wonderment is probably heightened because "conventional wisdom" says utility stocks aren't supposed to notch gains like that.

But that's exactly what Vistra (VST -3.86%) did. Proving that the artificial intelligence (AI) trade often acts as a rising tide that lifts even boring boats, Vistra is up a staggering 720% over the past five years. Nearly all of that bullishness was accrued before the start of 2026. This year, Vistra stock is down about 3% amid a somewhat volatile half-year of trading.

This utility stock has been fueled by the AI boom. It may have more upside ahead. Image source: Getty Images.

That may be more of a sign that the utility is taking a well-deserved break than that its bull run is over. Vistra still commands a prominent position in two marquee data center markets, suggesting the utility may have the energy to drive more long-term upside.

Vistra at the right place at the right time Vistra's ascent into the pantheon of story stocks is all the more remarkable when considering it's the entity that emerged from the bankruptcy of Energy Future Holdings a decade ago. Today, Vistra has a dominant market position in the power generation fleet industry, positioning it to capitalize on the AI power boom.

Hyperscalers, such as Meta Platforms, are taking notice. So are well-known professional investors. The point is that many market participants now view Vistra and a small number of its competitors not as stodgy utilities, but rather as key purveyors of AI infrastructure. That status is great when the AI trade is working, but that trade gives and takes away. With AI stocks taking a breather, Vistra is following suit. The stock is off about 4.5% over the past three months.

That's a minor "dip" in the context of its five-year run, but it may be a reason for long-term investors to put Vistra on their watch lists. Near-term stock headwinds aren't altering projections that hyperscalers will spend $700 billion this year. Nor does Vistra's recent sluggishness change the fact that hyperscalers ink long-term contracts with the company, providing investors with coveted revenue clarity.

Today's Change

(

-3.86

%) $

-6.30

Current Price

$

157.08

Another point to consider: While Vistra is seemingly joined at the hip with the AI trade, there's more to the story, and that "more" can defray some AI-related risks. For example, Vistra is seen as a beneficiary of increased demand for electric vehicles, oilfield electrification, and the return of more manufacturing jobs to the U.S.

Dividend growth potential In utilities-sector terms, Vistra's dividend yield of nearly 0.6% is below average, but yield doesn't tell the entire story. This is a company with blue chip dividend stock potential because it's expected to return $3 billion combined this year and in 2027 across buybacks and dividends.

Vistra is already proving to be a dividend growth powerhouse. It initiated that payout in 2019 at $0.50 a share, and it's nearly doubled since then.

Additionally, the utility has investment-grade credit ratings from Fitch and S&P, and its cash-flow trajectory supports reinvestment in the business. So even if Vistra needs to tap capital markets, it can do so cost-effectively. It probably doesn't need to over the near term due to strong capital allocation practices and cash flow, which should be music to the ears of long-term investors.

Posted by Defense World Staff on Jul 18th, 2026

Allspring Global Investments Holdings LLC lifted its holdings in shares of Vistra Corp. (NYSE:VST – Free Report) by 18.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,157 shares of the company’s stock after buying an additional 109,096 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.21% of Vistra worth $106,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra in the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Vistra in the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new stake in Vistra in the 4th quarter valued at about $30,000. Strive Financial Group LLC purchased a new position in Vistra in the 4th quarter worth approximately $33,000. Finally, Salomon & Ludwin LLC lifted its stake in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades A number of equities research analysts have recently issued reports on the company. Seaport Research Partners restated a “buy” rating and issued a $230.00 price target on shares of Vistra in a research report on Monday, June 15th. TD Cowen reduced their price objective on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Morgan Stanley reissued an “overweight” rating and set a $210.00 price target on shares of Vistra in a research report on Wednesday, June 24th. Finally, Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $230.62.

Read Our Latest Report on VST

Vistra News Summary Here are the key news stories impacting Vistra this week:

Positive Sentiment: Scotiabank raised its FY2026 and FY2027 earnings estimates for Vistra, while keeping an Outperform rating and a $298 price target, reinforcing the view that earnings can keep growing. Scotiabank Raises Vistra Estimates Positive Sentiment: News that Vistra secured PJM capacity points to better future revenue visibility, which investors typically view as supportive for utility and power producer stocks. Vistra Secures PJM Capacity Positive Sentiment: Coverage highlighting rising demand from data centers and increased capital investments in nuclear, solar, storage, and gas assets suggests Vistra could benefit from long-term load growth and reliable earnings expansion. Vistra Benefiting From Data Center Demand Positive Sentiment: KeyBanc reaffirmed its Buy rating, adding to the bullish analyst tone around the stock. KeyBanc Sticks to Buy Rating Neutral Sentiment: Vistra was also mentioned in media coverage and trading commentary as a stock showing momentum, which may reflect investor enthusiasm but does not add new fundamental information. Vistra Rises Higher Than Market Insiders Place Their Bets In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. The trade was a 32.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director owned 53,006 shares in the company, valued at $8,109,918. The trade was a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 in the last quarter. Corporate insiders own 0.92% of the company’s stock.

Vistra Stock Up 1.7% Vistra stock opened at $155.12 on Friday. The company has a market capitalization of $52.30 billion, a P/E ratio of 25.98 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The stock has a 50-day simple moving average of $154.14 and a 200-day simple moving average of $158.42.

Vistra (NYSE:VST – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Equities research analysts expect that Vistra Corp. will post 9.53 earnings per share for the current year.

Vistra Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.229 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s payout ratio is currently 15.41%.

About Vistra (Free Report)

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

Featured Stories Five stocks we like better than Vistra AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident GE Aerospace Faces a Prove-It Moment in Q2 Earnings Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST – Free Report).

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Vistra Corp. (VST - Free Report) ended the recent trading session at $157.98, demonstrating a +2.04% change from the preceding day's closing price. This change outpaced the S&P 500's 0.81% gain on the day. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 1.3%.

Coming into today, shares of the company had gained 11.75% in the past month. In that same time, the Utilities sector gained 3.47%, while the S&P 500 gained 1.13%.

The upcoming earnings release of Vistra Corp. will be of great interest to investors. The company's earnings report is expected on August 7, 2026. In that report, analysts expect Vistra Corp. to post earnings of $2.43 per share. This would mark year-over-year growth of 140.59%. Meanwhile, our latest consensus estimate is calling for revenue of $6.42 billion, up 50.98% from the prior-year quarter.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.52 per share and a revenue of $23.85 billion, signifying shifts of +80.99% and +34.45%, respectively, from the last year.

Investors should also pay attention to any latest changes in analyst estimates for Vistra Corp. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.38% upward. Vistra Corp. currently has a Zacks Rank of #3 (Hold).

With respect to valuation, Vistra Corp. is currently being traded at a Forward P/E ratio of 16.26. This expresses a discount compared to the average Forward P/E of 18.41 of its industry.

The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 108, putting it in the top 44% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.