Earnings Releases·Nov 6, 2026, 7:01 AM ET

Vistra — Third Quarter 2026 Earnings Summary

GAAP Net Income for Q3 2026 reached $1,140 million (up from $652 million in Q3 2025), while Ongoing Operations Adjusted EBITDA grew over 50% year-over-year to $2,378 million.
Raised 2026 Ongoing Operations Adjusted EBITDA guidance to a range of $7.1 billion to $7.5 billion and initiated 2027 guidance of $7.7 billion to $8.5 billion; 2026 FCFbG guidance also increased to $4.3 billion to $4.7 billion.
Closed the acquisition of Cogentrix Energy in October 2026, adding 5,500 MW of capacity, while commencing operations at the Pulaski Solar and Deer Creek Solar & Storage facilities.
Board authorized an additional $1.5 billion in share repurchases, bringing total executed buybacks since November 2021 to approximately $6.7 billion, and redeemed all $1 billion of Series A Preferred Stock.
Record weather and higher realized energy prices drove performance, with the fleet achieving nearly 95% commercial availability and 100% of 2026 generation volumes hedged as of October 30, 2026.