Every 10-Q that Vistra Corp (VST) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VST and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VST filings page.
Vistra Corp. reported stronger results for the first half of 2026. Operating revenues for the six months ended June 30 rose to $9,657 million from $8,183 million, driven by higher Retail and East segment activity, including expanded wholesale generation and capacity revenues. Net income attributable to Vistra increased sharply to $1,334 million from $59 million, with basic EPS for common stock at $3.67 versus a loss of $0.11 a year earlier, helped by lower depreciation, improved hedge outcomes and the absence of prior-year impairments.
Cash provided by operating activities climbed to $2,222 million from $1,171 million, supporting $1,572 million of capital expenditures and continued share repurchases and dividends. Total assets were $42.6 billion, with long-term debt including current maturities increasing to $19.6 billion. The company executed and integrated the $1.231 billion Lotus natural gas acquisition, advanced a pending Cogentrix purchase expected to close in late 2026, and committed up to $1 billion to the KKR Helix Fund focused on AI-related infrastructure. Vistra also secured investment-grade ratings, leading to the release of collateral on major credit facilities and notes, while continuing to manage legacy issues such as Moss Landing battery remediation and planned retirements or repowerings of several coal plants.
Vistra Corp. reported a strong turnaround for the quarter ended March 31, 2026. Operating revenues rose to $5,640 million from $3,933 million a year earlier, and net income attributable to Vistra jumped to $1,029 million from a net loss of $268 million. Diluted earnings per share moved from a loss of $0.93 to income of $2.87.
Cash provided by operating activities doubled to $1,199 million, supporting capital expenditures of $883 million, stock repurchases of $372 million, and common dividends of $77 million. Total assets stood at $41,308 million, with total equity of $5,610 million and 337,182,468 common shares outstanding as of May 1, 2026.
Vistra continued reshaping its portfolio and balance sheet. It closed the Lotus Acquisition, finalized the purchase price at $1,231 million, and agreed to acquire Cogentrix Energy for approximately $2.3 billion in cash plus 5,000,000 shares at $185 per share. In debt markets, Vistra Operations issued $2.25 billion of senior secured notes in January 2026 and, in April 2026, a further $4.0 billion of senior unsecured notes, using most proceeds to refinance higher-cost notes and repay the Term Loan B-3 facility.
Vistra Corp. reports lower results for the quarter ended September 30, 2025, with operating revenues of $4.971 billion versus $6.288 billion a year earlier and net income attributable to Vistra common stock of $604 million versus $1.840 billion. For the first nine months of 2025, revenue was $13.154 billion and net income attributable to common stock was $567 million, down from $2.074 billion.
Results reflect a $400 million write‑off of the Moss Landing 300 MW battery facility and an estimated $110 million of remediation costs under an EPA settlement, partly offset by insurance recoveries. Vistra is also investing about $355 million to restore the Martin Lake Unit 1, with $155 million spent so far and $104 million of related insurance recoveries recognized.
Strategically, Vistra closed a $1.9 billion acquisition of seven natural gas plants totaling 2,600 MW and issued $2.0 billion of new senior secured notes, using proceeds to redeem $1.0 billion of 5.500% senior unsecured notes due 2026. The Board added $1.0 billion to the share repurchase program. The company is also benefiting from the Inflation Reduction Act, recognizing $145 million of nuclear production tax credit revenue in the quarter and selling $490 million of transferable nuclear PTCs recognized from 2024 generation.