Vistra Corp Stock Price, News & Analysis

Vistra (NYSE: VST) reported Q3 2025 GAAP net income $652M and Ongoing Operations Adjusted EBITDA $1,581M. The company narrowed 2025 Ongoing Operations Adjusted EBITDA guidance to $5.7B–$5.9B and raised/narrowed 2025 Ongoing Operations Adjusted FCFbG to $3.3B–$3.5B. Vistra initiated 2026 guidance of $6.8B–$7.6B Adjusted EBITDA and $3.925B–$4.725B Adjusted FCFbG, and provided a 2027 midpoint opportunity of $7.4B–$7.8B. The board authorized an additional $1.0B share repurchase (expect to use by year-end 2027). Company completed acquisition of seven natural gas plants (~2,600 MW) and announced two new gas units (~860 MW) plus a 20‑year, 1,200 MW PPA at Comanche Peak.

Vistra (NYSE: VST) declared quarterly and semi‑annual dividends on Oct. 30, 2025.

The board approved a $0.2270 quarterly dividend on common stock (~$75 million aggregate) payable Dec. 31, 2025 to holders of record Dec. 22, 2025 (ex‑dividend Dec. 22, 2025). This common payout is an approximate 2% increase versus the Q4 2024 dividend per share.

The board also declared semi‑annual dividends on preferred shares: Series B at $35.00 per preferred share (annualized $70.00), payable Dec. 15, 2025 (record date Dec. 1, 2025); and Series C at $44.375 per preferred share (annualized $88.75), payable Jan. 15, 2026 (record date Jan. 1, 2026).

Lotus Infrastructure Partners announced on October 22, 2025 the closing sale of a 2.6 GW natural gas-fired power generation portfolio to Vistra Corp. (NYSE: VST). The portfolio comprises seven modern facilities: five combined-cycle gas turbine plants and two combustion turbine plants located across PJM, ISO New England, New York ISO, and California ISO.

Lotus said the assets were operated and optimized during its ownership and that the sale returns significant capital to Lotus funds. Lazard served as exclusive financial advisor to Lotus, with legal counsel from King & Spalding and Eversheds Sutherland (US).

Vistra (NYSE: VST) completed the acquisition of seven modern natural gas generation facilities from Lotus Infrastructure Partners, adding approximately 2,600 MW of capacity on Oct 22, 2025.

The assets expand Vistra's geographically diverse fleet across key competitive markets including PJM, New England, New York, and California. The closing followed receipt of all required regulatory approvals. Company commentary emphasizes operational fit, customer reliability, and integration experience to support a seamless transition and continued focus on safety, affordability, and flexible power delivery.

Vistra (NYSE: VST) received FERC approval on October 2, 2025 for its purchase of subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The deal would add approximately 2,600 megawatts—five combined-cycle gas turbine plants and two combustion turbine plants—to Vistra's generation mix across PJM, New England, New York, and California. Vistra also announced the prior expiration of the HSR Act waiting period. The transaction is on track to close this quarter or Q1 2026 but remains subject to New York Public Service Commission approval and customary closing conditions.

Vistra (NYSE: VST) will report third quarter 2025 financial and operating results on Thursday, Nov. 6, 2025. The company will host a live conference call and webcast starting at 10:00 a.m. ET (9:00 a.m. CT). Investors can access the live webcast via Vistra's website under Investor Relations > Events & Presentations. Phone participants must register in advance to receive a dial-in number. A replay of the webcast will be available on Vistra's website for one year after the call.

Vistra (NYSE: VST) has priced a private offering of $2 billion in senior secured notes through its subsidiary Vistra Operations Company LLC. The offering consists of:

- $750 million of notes due 2028 at 4.300% interest
- $500 million of notes due 2030 at 4.600% interest
- $750 million of notes due 2035 at 5.250% interest

The notes will be secured by first-priority security interest in collateral pledged under the Credit Agreement. Proceeds will be used for refinancing activities, general corporate purposes including potential funding for the Lotus Infrastructure Partners acquisition, and offering-related expenses. The offering is expected to close on October 10, 2025.

Vistra (NYSE: VST) has announced a private offering of senior secured notes due in 2028, 2030, and 2035. The notes will be issued through Vistra Operations Company LLC and will be fully guaranteed by certain subsidiaries. The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

The notes will be secured by first-priority security interests in substantial company assets and will maintain this security until the Issuer's senior unsecured long-term debt achieves investment grade ratings. Proceeds will be used for refinancing activities, general corporate purposes, and potentially funding part of the previously announced Lotus Infrastructure Partners acquisition.

Vistra (NYSE:VST) has announced plans to construct two new advanced natural gas power units totaling 860 megawatts at its Permian Basin Power Plant, more than tripling the site's capacity from 325 MW to 1,185 MW. This expansion is part of the company's broader $1 billion capital plan to enhance grid reliability in Texas.

The company aims to add over 2,000 MW of new generation capacity in ERCOT between 2024 and 2028, enough to power 1 million homes. Since 2020, Vistra has invested nearly $2 billion to add approximately 3,100 MW of new generation capacity in Texas, including upgrades to existing gas plants, a new solar facility, and the repowering of a retiring coal plant.