Vistra Corp.
Revenue
$5B
Net Income
$652M
Vistra Corp.
Revenue
$5B
Net Income
$652M
Vistra Corp.
CIK: 0001692819
Earnings Analysis
Analyzed 11 of 12 reports
Performance Summary - Q3 2025neutral (49)not_provided
Reality-Based Sentiment Analysisneutral49/100
Based on actual market data, not just management spin. Weighted score: 10% management tone + 40% earnings beat/miss + 30% price action + 20% guidance accuracy.
Financial Performance Trend
Overall Analysis & Outlook
Over the past 5 quarters, Vistra Corp. has been consistently bullish with stable guidance. Revenue has grown 12.3% during this period. The latest quarter shows neutral sentiment with cautious tone from management.
Latest Quarter Highlights:
Vistra reported Q3 2025 revenues of $4.97 billion with net income of $652 million, facing challenges from battery storage facility incidents while maintaining stable operations across retail and generation segments. The company completed a natural gas generation facility acquisition and continues to navigate regulatory and environmental compliance requirements.
Detailed Quarterly Reports
In-depth analysis of each quarter's earnings filing
Q3 2025
10-Q • Filed 11/7/2025
Summary
Vistra reported Q3 2025 revenues of $4.97 billion with net income of $652 million, facing challenges from battery storage facility incidents while maintaining stable operations across retail and generation segments. The company completed a natural gas generation facility acquisition and continues to navigate regulatory and environmental compliance requirements.
Revenue
$4.97B
Net Income
$652M
Guidance
Tone
Capex
$1.92B
Partnerships
Key Quotes
"We expect the Moss Landing 350 MW battery to return to service in late 2025 or early 2026."
"The acquisition resulted in the addition of seven natural gas generation facilities totaling 2,600 MW in Delaware and Pennsylvania, Rhode Island, New York, and California"
"We continue to evaluate the feasibility of converting coal-fueled facilities to gas-fueled facilities"
Q2 2025
10-Q • Filed 8/8/2025
Summary
Vistra delivered solid Q2 2025 results with stable revenue and strong operating cash flow. The company is expanding its natural gas generation portfolio through strategic acquisitions and maintaining a disciplined capital allocation approach.
Revenue
$4.25B
Net Income
$327M
Guidance
Tone
Capex
$1.46B(+51% YoY)
Partnerships
Key Quotes
"Our expansion is expected to further geographically diversify Vistra's natural gas fleet"
"We are pursuing all Specified Regulatory Approvals and anticipate the Transactions will close in late 2025 or early 2026"
Q1 2025
10-Q • Filed 5/8/2025
Summary
Vistra experienced a significant quarterly net loss of $268 million, driven by challenges in the power generation market and increased costs. The company continues to invest in renewable energy projects while facing operational headwinds, including the Moss Landing energy storage facility incident.
Revenue
$3.93B
Net Income
$-268M
Guidance
Tone
Capex
$768M
Partnerships
Key Quotes
"We detected a fire at our Moss Landing 300 MW energy storage facility that resulted in ceasing operations at all facilities"
"We will know more after the investigation of the cause of the Moss Landing Incident is complete"
Q4 2024
10-K • Filed 2/28/2025
Summary
Vistra demonstrates a strong strategic focus on energy transition, decarbonization, and maintaining a resilient balance sheet. The company is proactively addressing environmental regulations while investing in low-carbon generation technologies like nuclear, solar, and battery storage.
Revenue
$-2,587M
Net Income
$-1,071M
Guidance
Tone
Key Quotes
"Our integrated business model distinguishes us from our electricity competitors"
"We are committed to sustainability, setting aggressive targets, and transitioning our fleet to low-to-no carbon resources"
Q3 2024
10-Q • Filed 11/8/2024
Summary
Vistra delivered strong quarterly results with robust revenue and net income, driven by strategic nuclear and retail business integration. The Energy Harbor merger and nuclear production tax credits are providing significant financial upside.
Revenue
$6.29B
Net Income
$1.89B
Guidance
Tone
Capex
$1.65B
Partnerships
Key Quotes
"Nuclear PTCs could have a material impact on our 2024 financial statements"
"The Energy Harbor merger combines our nuclear and retail businesses to provide diversification and scale"
Q2 2024
10-Q • Filed 8/9/2024
Summary
Vistra reported stable Q2 performance with solid revenue and continued strategic focus on nuclear and retail businesses. The Energy Harbor merger provides diversification across carbon-free technologies and strengthens the company's market position.
Revenue
$3.85B
Net Income
$365M
Guidance
Tone
Capex
$963M
Partnerships
Key Quotes
"The Energy Harbor Merger combines our nuclear and retail businesses and certain renewables and energy storage facilities to provide diversification and scale"
"We have been approved for license renewal at our Comanche Peak Nuclear Plant, extending licenses into 2050 and 2053"
Q1 2024
10-Q • Filed 5/10/2024
Summary
Vistra reported a sequential decline in quarterly revenue and net income, with reduced wholesale generation revenue and market-to-market commodity impacts. The company completed the Energy Harbor merger, expanding its nuclear and retail business.
Revenue
$3.05B
Net Income
$18M
Guidance
Tone
Capex
$465M
Q4 2023
10-K • Filed 2/29/2024
Summary
Vistra reported full-year 2023 revenue of $10.273 billion and net income of $1.327 billion. The company continues to focus on transitioning its generation portfolio towards lower-emission sources while navigating complex regulatory environments in the power generation sector.
Revenue
$-1,427M
Net Income
$-349M
Guidance
Tone
Key Quotes
"We are targeting to achieve a 60% reduction in Scope 1 and Scope 2 CO2 equivalent emissions by 2030"
"Our most valuable asset is our talented, dedicated and diverse group of employees"
"We compete to win. We will create the leading integrated energy company"
Q3 2023
10-Q • Filed 11/7/2023
Summary
Vistra delivered strong Q3 2023 financial performance with $4.086 billion in revenue and $502 million in net income. The company continues to focus on clean energy transition through renewable development and the pending Energy Harbor nuclear merger.
Revenue
$4.09B
Net Income
$502M
Guidance
Tone
Capex
$1.26B
Partnerships
Key Quotes
"This combination is expected to create a leading integrated retail electricity and zero-carbon generation company"
"We will only invest in growth projects if we are confident that the expected returns will meet or exceed internal targets"
Q2 2023
10-Q • Filed 8/9/2023
Summary
Vistra delivered strong Q2 2023 financial results with quarterly revenue of $3.189 billion and net income of $476 million. The company continues to focus on renewable energy development and energy storage projects while maintaining a solid financial position.
Revenue
$3.19B
Net Income
$476M
Guidance
Tone
Capex
$926M
Partnerships
Key Quotes
"We will only invest in growth projects if we are confident that the expected returns will meet or exceed internal targets."
"This transaction is expected to accelerate Vistra's path to a clean energy transition by more than doubling the amount of zero-carbon generation it has online at the time of the Transactions' closing."
Q1 2023
10-Q • Filed 5/9/2023
Summary
Vistra delivered strong Q1 2023 financial performance with significant year-over-year improvements, driven by improved market conditions and effective commodity hedging strategies. The company continues to focus on clean energy transition and energy storage projects.
Revenue
$4.42B
Net Income
$698M
Guidance
Tone
Capex
$484M
Partnerships
Key Quotes
"We continue to execute our strategy of transitioning towards a clean energy portfolio"
"Our comprehensive hedging strategy has enabled us to effectively manage commodity price volatility"
Sector Comparison
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