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Just reported
Q3 2026 results
From Vistra's results release of November 6, 2026; its quarterly report has since been filed.
Revenue
Actual
$6.35B
+28% y/y
+44% q/qGuided
—
No guide given
EPS, GAAP
Actual
$3.23
+85% y/y
+325% q/qGuided
—
No guide given
Operating income, GAAP
Actual
$1.71B
+65% y/y
+208% q/qGuided
—
No guide given
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
The full earnings report →Keep exploring
The themes Vistra is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
The themes it is part of
- Curated
AI power & data-centre infrastructure
By InspectStocks · 19 companies
Power generation, electrical gear and cooling that data centres need to run.
- Price, 1 year
- +3.0%
- Revenue, 1 year
- +22.9%
+13A 11B 5C 1F 2
- Curated
Nuclear & uranium
By InspectStocks · 11 companies
Uranium miners, nuclear fuel and reactor makers, and nuclear power operators.
- Price, 1 year
- -35.8%
- Revenue, 1 year
- +25.4%
+5A 1B 3C 1F 6
Highest-graded in Utilities Independent Power Producers
Graded A or B and worth $2B or more: A first, then the largest.
- CEGConstellation Energy Corporation$97.3BA+
NRGNRG Energy, Inc.$20.5BB- TLNTalen Energy Corporation$16.5BB-
KENKenon Holdings Ltd.$3.2BB
Grade rose recently in Utilities
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
- CEGConstellation Energy CorporationNov 9, 2026BAGraded B, now A
AESThe AES CorporationNov 3, 2026CBGraded C, now B
KEPKorea Electric Power CorporationSep 15, 2026CAGraded C, now A
How it makes money
- Retail electricity and related services41%
- Electricity generation in Texas33%
- Electricity generation in the East25%
- Electricity generation in the West1%
- Retired-plant cleanup and related work0%
Shares of revenue are estimates for quarter ended March 31, 2026, high confidence, not figures from a filing.
Competes with
What it sells6
Retail electricity plans
Electricity plans sold to households and businesses through brands including TXU Energy, Ambit Energy, Dynegy Energy Services, Homefield Energy, and Energy Harbor.
Retail natural gas and related services
Natural gas plans and related services sold to retail customers through Vistra's retail businesses.
Natural-gas-fired electricity
Electricity generated by gas-fired plants, including plants that can adjust output to meet changing demand.
Show 3 more
Nuclear electricity
Electricity generated at Vistra's nuclear plants; the company also has long-term power supply agreements for some nuclear output.
Coal- and lignite-fired electricity
Electricity produced by burning coal or lignite at Vistra's power plants.
Solar electricity and battery storage
Electricity from solar facilities and stored electricity that batteries can release back to the grid.
Who buys it5
- Households that choose a retail electricity or natural gas plan and pay through regular bills.
- Commercial and industrial businesses that buy retail electricity or natural gas, sometimes under negotiated contracts.
- Wholesale electricity buyers, including utilities and other electricity sellers, that purchase power in regional markets or through bilateral contracts.
Show 2 more
- Meta, which has a long-term agreement for nuclear electricity and capacity from Vistra plants in the eastern United States.
- Amazon Web Services, which has a long-term agreement for nuclear electricity from Vistra's Comanche Peak plant in Texas.
What it stands on, and what could break it
What the business leans on
- 1Revenue and costs depend on wholesale electricity prices, fuel prices, and how much electricity plants can generate; hedging reduces some price exposure but does not remove it.
- 2Natural gas, coal, lignite, and nuclear fuel must be available and delivered to plants; Vistra uses suppliers, transport agreements, and, for some Texas plants, lignite it mines itself.
- 3Retail service depends on local utility and transmission infrastructure to deliver electricity and provide customer information.
- 4Power plant operations depend on permits and rules covering electricity markets, emissions, water, nuclear safety, and cleanup of coal ash and retired sites.
What could go wrong
- 1Wholesale power and fuel prices can change sharply, and hedges may not fully protect Vistra from price changes or counterparty defaults; commodity contracts can also make reported results move as market prices change.
- 2Extreme heat, cold, or other operating problems can raise demand or reduce available generation. Nuclear, coal, and gas plants require ongoing maintenance, and a major incident such as the Moss Landing battery fire can bring cleanup costs and lost operations.
- 3Environmental rules and cleanup requirements could require costly equipment changes, ash or groundwater remediation, or earlier plant retirements; the company says some future closure obligations cannot yet be fully determined.
About Vistra Corp.
Vistra operates power plants and sells electricity and natural gas to households and businesses. Its plants use natural gas, nuclear fuel, coal, solar power, and batteries to produce or store electricity, which it sells to retail customers and into wholesale power markets. The company reported about 5 million retail customers (December 31, 2025, high confidence) and 43,641 megawatts of net generation capacity (December 31, 2025, high confidence).
- Head office
- Irving, Texas, United States
- Founded
- 2016
- Employees
- 6,390 (December 31, 2025, high confidence)
- Listed on
- New York Stock Exchange (NYSE)
- Financial year ends
- December 31
Built from Vistra Corp.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.