Top Page
Vistra Corp
(NYSE:VST)
Vistra Corp (VST) vs. SPDR S&P 500 ETF (SPY)
Vistra Corp Business Overview & Revenue Model
Vistra Corp Earnings Call Summary
Vistra Corp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.75B | 19.38B | 15.54B | 17.84B | 13.33B | 11.06B |
| Gross Profit | 8.18B | 7.69B | 5.17B | 3.81B | 60.00M | 2.50B |
| EBITDA | 5.15B | 7.19B | 4.62B | 1.29B | 852.00M | 3.16B |
| Net Income | 1.15B | 2.66B | 1.49B | -1.23B | -1.27B | 636.00M |
Balance Sheet | ||||||
| Total Assets | 38.02B | 37.77B | 32.97B | 32.79B | 29.68B | 25.21B |
| Cash, Cash Equivalents and Short-Term Investments | 602.00M | 1.19B | 3.48B | 455.00M | 1.32B | 406.00M |
| Total Debt | 17.50B | 17.36B | 14.68B | 13.34B | 11.01B | 9.88B |
| Total Liabilities | 32.80B | 32.19B | 27.64B | 27.87B | 21.39B | 16.85B |
| Stockholders Equity | 5.21B | 5.57B | 5.31B | 4.90B | 8.29B | 8.37B |
Cash Flow | ||||||
| Free Cash Flow | 1.65B | 2.48B | 3.78B | -816.00M | -1.24B | 2.08B |
| Operating Cash Flow | 3.99B | 4.56B | 5.45B | 485.00M | -206.00M | 3.34B |
| Investing Cash Flow | -2.48B | -5.28B | -2.15B | -1.24B | -1.15B | -1.57B |
| Financing Cash Flow | -1.81B | -1.60B | -294.00M | -80.00M | 2.27B | -1.80B |
Vistra Corp Technical Analysis
Vistra Corp Risk Analysis
Vistra Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $84.09B | 22.49 | 7.53% | 4.03% | -7.06% | 38.21% | |
70 Outperform | $63.62B | 17.43 | 12.85% | 3.25% | 7.66% | 37.42% | |
68 Neutral | $29.73B | 22.67 | 64.19% | 1.11% | 6.40% | 62.12% | |
67 Neutral | $51.84B | 20.66 | 9.27% | 4.59% | 12.72% | 4.90% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $56.64B | 26.72 | 7.10% | 2.91% | 9.07% | -28.58% | |
63 Neutral | $55.66B | 58.68 | 21.63% | 0.56% | 42.77% | -47.64% |
Vistra Corp Corporate Events
On January 22, 2026, Vistra Operations Company LLC completed a $2.25 billion private offering of senior secured notes, split between $1.0 billion of 4.700% notes due 2031 and $1.25 billion of 5.350% notes due 2036, issued under its existing secured notes indenture and guaranteed by certain subsidiaries with a first-priority security interest over a substantial portion of the group’s assets and equity. The transaction yielded approximately $2.225 billion in net proceeds, which Vistra plans to use alongside cash on hand to fund part of the consideration for its previously announced acquisition of Cogentrix Energy, to refinance existing indebtedness, and to cover related fees and expenses; the notes feature standard redemption, change-of-control and covenant protections, underscoring Vistra’s continued use of secured debt markets to support M&A-driven expansion and balance-sheet management.
The most recent analyst rating on (VST) stock is a Buy with a $227.00 price target. To see the full list of analyst forecasts on Vistra Corp stock, see the VST Stock Forecast page.
In January 2026, Vistra announced 20-year power purchase agreements with Meta Platforms to supply a total of 2,609 MW of carbon-free power and capacity from its PJM-region nuclear plants, including existing output from the Perry and Davis-Besse facilities and future uprate capacity at Perry, Davis-Besse, and Beaver Valley. Deliveries of operating capacity are expected to begin in late 2026 and reach full delivery by the end of 2027, while partial delivery of uprate capacity is targeted by 2031 and full delivery by the end of 2034; to enable the uprates, Vistra plans capital expenditures from 2026 through 2034 and projects that these investments will meet or exceed its mid-teens levered return target and increase Adjusted Free Cash Flow before Growth by an estimated 8%-10% from operating output and an additional 5%-7% from uprates, reinforcing the company’s strategy to monetize its nuclear fleet and strengthen long-term cash generation.
The most recent analyst rating on (VST) stock is a Hold with a $165.00 price target. To see the full list of analyst forecasts on Vistra Energy stock, see the VST Stock Forecast page.
On January 5, 2026, Vistra announced definitive agreements for its subsidiary Vistra Operations Company LLC to acquire Cogentrix Energy’s portfolio of 10 modern natural gas-fired power plants totaling roughly 5,500 MW across PJM, ISO New England, and ERCOT, via a purchase and sale structure combined with a merger that will make the portfolio a wholly owned Vistra subsidiary. The transaction, approved by Vistra’s board and expected to close in mid-to-late 2026 subject to federal antitrust, energy, and state regulatory approvals, carries a net purchase price of about $4.0 billion, funded through approximately $2.3 billion in cash, $0.9 billion in Vistra stock, and the assumption of about $1.5 billion of Cogentrix debt, partly backstopped by a $2.0 billion committed bridge facility from Goldman Sachs Bank USA; it is expected to expand Vistra’s generation capacity to roughly 50,000 MW, enhance its presence in fast‑growing U.S. power markets, and support its stated capital allocation plans while preserving balance-sheet strength through a mix of cash and equity and customary safeguards such as termination fees and liability caps for deal failure.
The most recent analyst rating on (VST) stock is a Hold with a $179.00 price target. To see the full list of analyst forecasts on Vistra Energy stock, see the VST Stock Forecast page.
On December 17, 2025, Vistra Corp. announced the results of its participation in the PJM Capacity Auction for the planning year 2027/2028, securing approximately 10,566 megawatts of capacity at a weighted average clearing price of $333.44 per megawatt-day. This development underscores the company’s strong presence in the power generation market and its strategic efforts to stay competitive and ensure a reliable energy supply, with potential benefits for both operational stability and stakeholder confidence.
The most recent analyst rating on (VST) stock is a Buy with a $233.00 price target. To see the full list of analyst forecasts on Vistra Energy stock, see the VST Stock Forecast page.
On November 14, 2025, Vistra Energy announced an annual tax payment of $687,690 for the taxable year of 2024, to be distributed to holders of TRA Rights on December 1, 2025. This payment includes a return of basis and interest income, with federal tax law potentially requiring withholding on interest income if holders fail to provide a certified taxpayer identification number.
The most recent analyst rating on (VST) stock is a Buy with a $231.00 price target. To see the full list of analyst forecasts on Vistra Energy stock, see the VST Stock Forecast page.
On October 22, 2025, Vistra Operations Company LLC, a subsidiary of Vistra Corp., completed the acquisition of seven natural gas generation facilities from Lotus Infrastructure Partners, totaling approximately 2,600 MW of capacity. This strategic acquisition, which received all necessary regulatory approvals, enhances Vistra’s ability to deliver reliable and flexible power across key competitive markets such as PJM, New England, New York, and California. The transaction, valued at a base purchase price of $1.9 billion, was funded through cash and the assumption of existing debt. Vistra’s CEO, Jim Burke, emphasized the company’s disciplined approach to growth and the alignment of these assets with Vistra’s existing portfolio, which will support the company’s operational capabilities and customer needs.
The most recent analyst rating on (VST) stock is a Buy with a $223.00 price target. To see the full list of analyst forecasts on Vistra Energy stock, see the VST Stock Forecast page.