Vistra's earnings power is underpinned by a hedged generation fleet and nuclear expansion, with operating cash flow averaging $1.1B per quarter despite a 12.4% revenue decline.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue declined 12.4% year-over-year to $4.0B in 2026Q2, yet operating margin of 13.8% and ROE of 5.5% indicate resilient hedging, though mark-to-market swings (EPS from -$0.93 to $2.88) distort underlying trends.
Vistra has secured long‑term PPAs with major tech firms such as Meta and Amazon, providing carbon‑free energy from its nuclear fleet. The 20‑year Meta agreement covers over 2,600 MW of zero‑carbon power, ensuring a steady revenue stream as AI workloads grow.
Vistra’s long‑term contracts, including the 20‑year Meta deal, lock in pricing and cash‑flow visibility for decades. These agreements give the company pricing power and reduce exposure to short‑term market volatility.
The company is actively adding battery storage and solar projects, signaling a commitment to cleaner energy sources. This expansion diversifies its generation mix and positions Vistra to meet future clean‑energy demand.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 6, 2026 | $3.01+1.0% vs $2.98 | $6.3B+5.2% vs $6.0B |
Q3 2026 Aug 7, 2026 | $0.77-52.2% vs $1.61 | $4.0B-26.5% vs $5.5B |
Q2 2026 May 7, 2026 | $2.87+117.4% vs $1.32 | $5.6B+8.1% vs $5.2B |
Q1 2026 Feb 26, 2026 | $0.54-76.5% vs $2.31 | $4.6B-20.8% vs $5.8B |
Vistra is growing profitability, with Q3 adjusted EBITDA up 50% and 98% of the 2027 generation already hedged. Despite strong fundamentals, VST shares are down 25% YTD and fell nearly 14% on November 4 after Democrats won governorships in Texas and Ohio. I believe political risk is overblown and unlikely to materially impact VST in the next few years.
Vistra (NYSE: VST - Get Free Report) declared that its board has authorized a stock repurchase program on Friday, November 6th, RTT News reports. The company plans to buy back $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 3.3% of its shares through open market purchases. Share repurchase programs
GE Vernova provides essential technology for global power generation and electrification. Vistra operates as a major integrated power producer with growing exposure to data center energy demand.
Vistra Corp. (VST) Q3 2026 Earnings Call Transcript
Benchmark VST against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Vistra Corp. (VST)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $124.80 | $42.08B | 15.64 | 2.98% | 13.15% | 66.78% | 0.71% | |
| $88.29 | $18.63B | 22.05 | 9.17% | 2.56% | 25.38% | 2.34% | |
| $249.95 | $89.76B | 25.54 | 8.34% | 11.08% | 14.48% | 0.62% | |
| $29.79 | $17.83B | 14.90 | 27.06% | 23.07% | 46.65% | 1.69% | |
| $18.07 | $3.37B | -5.43 | — | — | -69.73% | — | |
| $14.87 | $10.6B | 5.82 | -0.37% | 13.46% | 15.23% | 4.73% |
Vistra Corp. (VST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Vistra Corp. (VST) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 7, 2026·SEC
Jul 16, 2026·SEC
Jul 14, 2026·SEC
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Vistra Corp. (VST) stock FAQ — growth, dividends, profitability & financials explained
Vistra Corp. (VST) reported $20.59B in revenue over the trailing twelve months. Revenue was $17.74B in fiscal year 2025. That is 215% more than the $5.64B of fiscal year 2012.
Vistra Corp. (VST) grew revenue by 19.8% over the trailing twelve months, compared with the twelve months before.
Yes. Vistra Corp. (VST) earned $2.71B in net income over the trailing twelve months (a 13.1% net margin).
Yes. Vistra Corp. (VST) pays a dividend that yields 0.71% at the current price, a small yield.
Vistra Corp. (VST) had a return on equity (ROE) of 66.8% over the trailing twelve months. That is well above the market's typical 10-15%.
Vistra Corp. (VST) generated $4.25B in free cash flow over the trailing twelve months.
Vistra Corp. (VST) has a dividend payout ratio of 32%. This suggests the dividend is well-covered and sustainable.
