Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 second quarter 2026 net income of $305 million, which includes an unrealized loss from hedges expected to settle in future years of $472 million. Ongoing Operations Adjusted EBITDA rose more than 30% year over year to $1,767 million, driven mainly by higher realized energy and capacity prices and contributions from plants acquired from Lotus. For the first six months of 2026, net income was $1,334 million and Ongoing Operations Adjusted EBITDA was $3,261 million, both above the prior-year period.
Vistra reaffirmed its 2026 guidance for Ongoing Operations Adjusted EBITDA of $6.8–$7.6 billion and Ongoing Operations Adjusted FCFbG of $3.925–$4.725 billion. As of August 3, 2026, the company had hedged approximately 100% of expected 2026 generation volumes, 94% for 2027, and 72% for 2028, and indicated that this comprehensive hedging program supports its outlook.
Strategically, Vistra announced the formation of Helix Digital Infrastructure with KKR, Kuwait Investment Authority, and NVIDIA, with an initial commitment of up to $1.0 billion from Vistra, and received Federal Energy Regulatory Commission approval for its pending Cogentrix Energy acquisition. Since November 2021, it has executed roughly $6.5 billion of share repurchases, reducing shares outstanding to about 336 million, with approximately $1.2 billion remaining under its authorization. As of June 30, 2026, Vistra reported total available liquidity of $6,295 million, including cash of $435 million and substantial availability under its revolving credit facilities.
Vistra Corp. reports that on July 10, 2026, its subsidiaries TXU Energy Retail Company LLC, TXU Energy Receivables Company LLC and Vistra Operations Company LLC amended an existing accounts receivable securitization facility. The amendment increased the aggregate commitment of the committed purchasers from $1.1 billion to $1.25 billion and extended the term of the Receivables Purchase Agreement to July 9, 2027.
On the same date, TXU Energy Retail Company LLC, together with certain originators and Vistra Operations Company LLC, amended the Master Framework Agreement for a repurchase facility with MUFG Bank, Ltd., extending its term to July 9, 2027. These changes create or modify direct financial obligations and an off-balance sheet arrangement for Vistra through its subsidiaries.
Vistra Corp. reported results from the PJM Capacity Auction for planning year 2028/2029. The company cleared approximately 10,924 MW of capacity at a weighted average clearing price of $325.00 per megawatt-day across multiple PJM zones.
The largest cleared positions were in the RTO zone with 4,129.90 MW and ATSI with 2,069.50 MW, with additional capacity in COMED, DEOK, EMAAC, MAAC, and DOM, all at the same $325.00 per megawatt-day clearing price.
Vistra Corp., through its subsidiary Vistra Operations Company LLC, amended its main credit facilities effective June 24, 2026. The primary Credit Agreement now provides aggregate revolving credit commitments of $5.50 billion, up from $3.44 billion, expanding available liquidity.
The amendments release each guarantor from guarantees related to revolving loans, commitments, letters of credit and certain cash management agreements, remove collateral reinstatement requirements, and adjust various covenants, representations and other provisions. A parallel amendment to the Commodity-Linked Credit Agreement also releases guarantors and aligns its terms with the main facility changes.
Vistra Corp. reported a strong start to 2026, with first quarter Net Income of $1,029 million versus a loss a year ago and Ongoing Operations Adjusted EBITDA of $1,494 million. Results were helped by a $723 million unrealized hedge gain, higher realized energy and capacity prices, and contributions from the Lotus acquisition.
The company reaffirmed full‑year 2026 Ongoing Operations Adjusted EBITDA guidance of $6.8–$7.6 billion and Ongoing Operations Adjusted FCFbG guidance of $3.925–$4.725 billion. Vistra highlighted that a second major agency upgraded its corporate issuer credit rating to Investment Grade and noted it has repurchased about $6.3 billion of stock since November 2021, reducing shares outstanding to roughly 337 million.
Vistra Corp. reported the results of its Annual Meeting held on April 29, 2026, where shareholders elected all eleven director nominees. Each director candidate, including Scott B. Helm, Hilary E. Ackermann, and others, received strong majority support with substantial broker nonvotes recorded.
Shareholders also approved, on an advisory “say‑on‑pay” basis, the company’s 2025 named executive officer compensation, with 261,024,789 votes in favor, 8,309,496 against, and 286,966 abstentions. In addition, shareholders ratified the appointment of Deloitte & Touche LLP as Vistra’s independent registered public accounting firm for the year ending December 31, 2026, with 288,487,158 votes for, 7,437,594 against, and 123,763 abstentions.
Vistra Operations Company LLC, an indirect wholly owned subsidiary of Vistra Corp., completed a private offering of $4.0 billion aggregate principal amount of senior notes. The issue includes $500.0 million of 4.550% notes due 2028, $1.0 billion of 5.000% notes due 2031, $1.0 billion of 5.250% notes due 2033 and $1.5 billion of 5.550% notes due 2036.
The notes are guaranteed by certain subsidiaries, sold under Rule 144A and Regulation S, and governed by an indenture with covenants on liens, mergers and asset sales. Vistra received about $3.97 billion in net proceeds, to be used with cash on hand to repay or redeem existing debt, including senior notes due February 2027 and a Term Loan B-3 facility, as well as for general corporate purposes and offering costs.
The notes pay interest semi-annually starting October 30, 2026 and allow optional redemption, including make-whole provisions before specified dates and par redemptions thereafter. Holders are entitled to a 101% cash repurchase right upon certain change of control events combined with ratings downgrades, and there is an additional 101% tax-related repurchase feature tied to specified foreign entity ownership.
Vistra Corp. reported fourth-quarter and full-year 2025 results showing modest operating growth but lower GAAP earnings. For 2025, operating revenues were $17,738 million and Net Income was $944 million, down from $2,812 million in 2024, mainly due to an unrealized pre-tax net loss from hedges of $808 million.
Ongoing Operations Adjusted EBITDA rose to $5,912 million from $5,643 million, reflecting contributions from the Energy Harbor and Lotus acquisitions and stronger retail margins. Vistra issued 2026 guidance for Ongoing Operations Adjusted EBITDA of $6,800–$7,600 million and Ongoing Operations Adjusted FCFbG of $3,925–$4,725 million, and reaffirmed a 2027 Ongoing Operations Adjusted EBITDA midpoint opportunity of $7.4–$7.8 billion.
Strategically, the company highlighted a 20-year PPA with AWS for up to 1,200 MW of carbon-free power at Comanche Peak, the acquisition of a 2,600 MW gas portfolio from Lotus, commissioning of the 200 MW Oak Hill Solar Facility, and planned acquisition of Cogentrix Energy’s 5,500 MW gas portfolio alongside 20-year PPAs with Meta for more than 2,600 MW. As of December 31, 2025, Vistra had total liquidity of about $2,783 million, and in January 2026 issued $2.25 billion of senior secured notes to help fund the Cogentrix acquisition and for general corporate purposes.
Vistra Corp., through subsidiary Vistra Operations Company LLC, completed a private offering of $2.250 billion in senior secured notes. This includes $1.0 billion of 4.700% notes due 2031 and $1.250 billion of 5.350% notes due 2036, both fully guaranteed by certain subsidiaries and secured by a first‑priority lien on substantial assets.
The Issuer received approximately $2.225 billion in net proceeds, to be used with cash on hand to fund part of the Cogentrix Energy acquisition, for general corporate purposes including repaying existing debt, and to pay related fees and expenses. The notes feature optional redemption, change‑of‑control and specified tax‑related repurchase rights, and covenants limiting liens, mergers and major asset sales.
Vistra Corp. has entered into 20-year power purchase agreements with Meta Platforms to supply a total of 2,609 MW of carbon-free power and capacity from Vistra’s PJM nuclear plants. Deliveries of operating energy and capacity are expected to begin on a partial basis in late 2026, reaching full delivery by year end 2027, while uprate-related deliveries are expected to phase in starting in 2031 and reach full delivery by year end 2034.
To support the planned uprates, Vistra expects capital spending from 2026 through 2034, with less than 20% of the aggregate spend projected by year end 2028. Based on expected payments and its after-tax spend profile, the company anticipates these investments will meet or exceed its publicly communicated mid-teens levered return target. At full delivery and assuming its 2026 Adjusted Free Cash Flow before Growth from Ongoing Operations guidance, Vistra projects incremental Adjusted Free Cash Flow before Growth accretion of approximately 8%-10% from operating energy and capacity and an additional approximately 5%-7% from uprate energy and capacity, converting incremental Adjusted EBITDA to incremental Adjusted Free Cash Flow before Growth at a weighted average ratio of approximately 80%.
Vistra Corp. agreed to acquire 100% of Q-Generation, LLC through a cash-and-stock transaction coupled with a merger of a Vistra subsidiary into a Q-Generation affiliate. At closing, Vistra and its buyer subsidiary expect to pay approximately $2.3 billion in cash, net of an estimated $1.5 billion of assumed indebtedness, plus 5,000,000 Vistra common shares valued by the parties at $185 per share.
The buyer obtained a commitment from Goldman Sachs Bank USA for up to $2.0 billion of senior secured bridge loans to help fund the cash portion. Closing is conditioned on multiple regulatory approvals, including the Federal Energy Regulatory Commission, Hart-Scott-Rodino clearance, and specific state utility regulators in New Hampshire, Texas, and Connecticut.
Vistra will file a resale registration statement for the stock consideration within five business days after closing, and the seller agreed not to transfer the shares for about three months after closing. The agreements include outside termination dates, extension rights tied to regulatory approvals, and reverse termination fees of $77,839,364 and $72,160,636 if the buyer fails to close after conditions are met.
Vistra Corp. reported results from the PJM capacity auction for planning year 2027/2028, clearing about 10,566 MW at a weighted average price of $333.44 per megawatt-day. This is the amount of generation capacity that PJM will rely on from Vistra in that future period in return for capacity payments at the auction price.
The cleared capacity is spread across multiple PJM zones, including RTO, COMED, DEOK, EMAAC, MAAC, ATSI, and DOM, each at the same clearing price of $333.44 per megawatt-day. These forward capacity commitments help underpin future revenue associated with keeping Vistra’s natural gas, nuclear, coal, solar, and battery assets available to support grid reliability.
Vistra Corp. announced an annual tax payment related to its Amended and Restated Tax Receivable Agreement for the 2024 tax year. The company will pay an aggregate of $687,690 on December 1, 2025 to holders of record of TRA Rights as of November 24, 2025. This amount consists of $590,353 as a return of basis and $97,337 as interest income, allocated proportionally based on each holder’s TRA Rights ownership. Vistra estimates the value of each TRA Right on October 3, 2016 to have been $2.99924 and has made approximately $57,221,909 of prior payments under the agreement. Under federal tax law, up to 30% of the interest income portion may be withheld for holders who have not provided a certified taxpayer identification number.
Vistra Corp. filed a current report to let investors know it has released financial results for the quarter ended September 30, 2025. The company issued a news release on November 6, 2025, and attached it as Exhibit 99.1 to this Form 8-K.
The earnings information in the news release and this report is being furnished, not filed, under the securities laws, which affects how it is treated for certain legal liability purposes.
Vistra Corp. (VST) completed a strategic acquisition. On October 22, 2025, its subsidiary Vistra Operations Company LLC closed the previously announced purchase of 100% of the membership interests in seven entities, including Geranium Energy Storage I and II, NatGas California, Carneys Point Energy Storage, Logan Energy Storage, SBFH Holdco, and Edgewater Generation Holdings.
The base purchase price was $1.9 billion, subject to customary adjustments. Vistra funded the transaction with cash and by assuming the Acquired Companies’ senior secured credit facility, which includes an existing term loan with approximately $800 million principal outstanding.
Vistra also issued a press release announcing the closing, furnished under Regulation FD and incorporated by reference as Exhibit 99.1.
Vistra Corp. announced that wholly owned subsidiary Vistra Operations completed a private offering of $2 billion senior secured notes. The issuance includes $750 million of 4.300% notes due 2028, $500 million of 4.600% notes due 2030, and $750 million of 5.250% notes due 2035, sold under Rule 144A/Reg S.
The company received approximately $1.979 billion in net proceeds after fees and premiums. Vistra plans to use the funds, together with cash on hand, to support refinancing of outstanding debt, for general corporate purposes, which could include funding a portion of the consideration for the previously announced Lotus Infrastructure subsidiaries acquisition, and to pay related fees and expenses.
The notes are guaranteed by subsidiary guarantors and secured by a first‑priority lien on the same collateral as the credit agreement. Collateral will be released if the issuer’s senior unsecured long‑term debt attains investment grade from at least two of three agencies, subject to reversion. Holders have a 101% repurchase right upon a qualifying change of control with a ratings downgrade.
Vistra Corp. filed an 8-K reporting a material event related to its credit arrangements. The filing references a Ninth Amendment to the Credit Agreement dated October 1, 2025 among Vistra Operations Company LLC (the borrower), Vistra Intermediate Company LLC (holdings), Citibank, N.A. (as Administrative Agent and Collateral Agent), and other lenders. The cover page notes interactive data embedded in the Inline XBRL document and the filing is signed by William M. Quinn, Senior Vice President and Treasurer, dated October 6, 2025.
Vistra Corp. has entered into a 20-year power purchase agreement with a large investment-grade customer to supply 1,200 MW of carbon-free power from its Comanche Peak Nuclear Power Plant. The contract includes options to extend for up to an additional 20 years, providing very long-term visibility on nuclear generation sales.
Vistra anticipates power delivery to begin in the fourth quarter of 2027 and ramp up to the full 1,200 MW by 2032. Based on current power forwards, its previously communicated fiscal year 2026 Adjusted EBITDA expectations and its medium-term conversion ratio of Adjusted Free Cash Flow before Growth to Adjusted EBITDA, the company expects this agreement to increase Adjusted Free Cash Flow before Growth by approximately 8–10% if the customer ultimately uses the full contracted capacity.