VST on NYSE

Vistra

Logo: vistracorp.com⁶

Electricity retailer and generator

Vistra Corp. is an integrated retail electricity and power generation company based in Irving, Texas. The company is the largest competitive power generator in the U.S. with a capacity of approximately 39GW powered by a diverse portfolio, including natural gas, coal, nuclear, solar, and battery energy storage facilities. In the 2020 Forbes Global 2000, Vistra Energy was ranked as the 756th-largest public company in the world.³ Its shares trade on NYSE under the symbol VST.¹ Wikipedia text CC BY-SA 4.0

$152.06 down 2.11 (1.37%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

2016Founded¹

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TickerVST on NYSE¹
IndustryElectric Services¹
HeadquartersIrving¹
Websitewww.vistracorp.com
Legal formDelaware corporation¹
Incorporated inDE⁷
Business address6555 Sierra Drive, Irving, Tx 75039⁷
Filer categoryLarge accelerated filer⁷
LEI549300KP43CPCUJOOG15⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressC/O CAPITOL SERVICES, INC., 19901 Dover, United States⁴
Registered withDivision of Corporations, Department of State, 5985588⁴

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Vistra image from its website — Image: vistracorp.com¹⁰

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.8%Operating margin¹¹

5.4%Net margin¹¹

19.1%Revenue growth, 2025¹¹

18.5%Return on equity¹¹

3.34×Debt to equity¹¹

$1.3BFree cash flow¹¹

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Retail Energy Charge In Northeast/Midwest brought in 41% of the revenue Vistra broke down this way in fiscal 2025.

Retail Energy Charge In Northeast/Midwest$4.1B¹¹41%up 13% from 2024
Wholesale Generation Revenue From ERCOT$3.2B¹¹32%up 61% from 2024
Revenue From Other Wholesale Contracts$1.1B¹¹12%up 9% from 2024
Hedging Revenue, Realized$583.0M¹¹6%down 35% from 2024
Transferable Production Tax Credit Revenues$229.0M¹¹2%down 59% from 2024
Capacity Revenue$227.0M¹¹2%up 207% from 2024
Transferable Nuclear Production Tax Credit Revenues$220.0M¹¹2%down 60% from 2024
Total Other Revenues$152.0M¹¹2%down 94% from 2024
Business Interruption Insurance Proceeds$118.0M¹¹1%

Products and services by year

Products and services	2023	2024	2025
Retail Energy Charge In Northeast/Midwest	$1.6B	$3.6B	$4.1B
Wholesale Generation Revenue From ERCOT	$2.9B	$2.0B	$3.2B
Revenue From Other Wholesale Contracts	$1.5B	$1.1B	$1.1B
Hedging Revenue, Realized	$252.0M	$895.0M	$583.0M
Transferable Production Tax Credit Revenues	$10.0M	$556.0M	$229.0M
Capacity Revenue	$98.0M	$74.0M	$227.0M
Transferable Nuclear Production Tax Credit Revenues		$545.0M	$220.0M
Total Other Revenues	$975.0M	$2.5B	$152.0M
Business Interruption Insurance Proceeds			$118.0M

Business segments

Retail brought in 74% of the revenue Vistra broke down this way in fiscal 2025.

Retail$13.0B¹¹74%up 12% from 2024
East$3.3B¹¹19%up 82% from 2024
Texas$918.0M¹¹5%up 12% from 2024
West$328.0M¹¹2%down 22% from 2024
Asset Closure$4.0M¹¹0%down 89% from 2024

Business segments by year

Business segments	2023	2024	2025
Retail	$9.3B	$11.7B	$13.0B
East	$2.2B	$1.8B	$3.3B
Texas	$1.7B	$821.0M	$918.0M
West	$555.0M	$420.0M	$328.0M
Asset Closure	$45.0M	$38.0M	$4.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costs

Selling, general and admin10¢$1.7B
Other costs84¢$14.7B
Income tax1¢$179.0M
Profit5¢$944.0M

Out of $17.6B in revenue.¹¹

Where each dollar of operating cash went, fiscal 2025

Capital spendingShare buybacks

Capital spending67¢$2.8B
Dividends paid7¢$306.0M
Share buybacks25¢$1.0B

Out of $4.1B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.¹¹

Financial statements

Revenue¹²¹³¹⁴¹⁵¹¹$17.6B in 2025+52% since 2019

Operating income¹²¹³¹⁴¹⁵¹¹$1.9B in 2025−4% since 2019

Net income¹²¹³¹⁴¹⁵¹¹$944.0M in 2025+2% since 2019

Every line of the income statement as filed: the last 3 fiscal years, latest first.¹¹

Period ending	2025-12-31	2024-12-31	2023-12-31
Operating revenues	$17.7B	$17.2B	$14.8B
Fuel, purchased power costs, and delivery fees	-$9.1B	-$7.3B	-$7.6B
Operating costs	-$2.8B	-$2.4B	-$1.7B
Depreciation and amortization	-$2.0B	-$1.8B	-$1.5B
Selling, general, and administrative expenses	-$1.7B	-$1.6B	-$1.3B
Impairment of long-lived assets	-$228.0M	$0	-$49.0M
Operating income	$1.9B	$4.1B	$2.7B
Other income, net	$394.0M	$291.0M	$243.0M
Interest expense and related charges	-$1.2B	-$900.0M	-$740.0M
Impacts of Tax Receivable Agreement	$2.0M	-$5.0M	-$164.0M
Net income before income taxes	$1.1B	$3.5B	$2.0B
Income tax expense	-$179.0M	-$655.0M	-$508.0M
Net income	$944.0M	$2.8B	$1.5B
Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest	$0	-$153.0M	$1.0M
Net income attributable to Vistra	$944.0M	$2.7B	$1.5B
Cumulative dividends attributable to preferred stock	-$192.0M	-$192.0M	-$150.0M
Net income attributable to Vistra common stock	$752.0M	$2.5B	$1.3B
Basic (in shares)	339.1M shares	344.8M shares	369.8M shares
Diluted (in shares)	345.7M shares	352.6M shares	375.2M shares
Basic (in dollars per share)	$2.22	$7.16	$3.63
Diluted (in dollars per share)	$2.18	$7.00	$3.58

Total assets¹⁸¹²¹³¹⁴¹⁵¹¹$41.5B in 2025+56% since 2019

Total liabilities¹⁸¹²¹³¹⁴¹⁵¹¹$36.4B in 2025+95% since 2019

Shareholders’ equity¹⁸¹²¹³¹⁴¹⁵¹¹$5.1B in 2025−36% since 2019

Cash¹⁸¹²¹³¹⁴¹⁵¹¹$785.0M in 2025+162% since 2019

Long-term debt¹⁵¹¹$17.0B in 2025+18% since 2023

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.¹¹

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$785.0M	$1.2B
Restricted cash	$31.0M	$28.0M
Trade accounts receivable net	$2.3B	$2.0B
Commodity and other derivative contractual assets	$2.8B	$2.6B
Margin deposits related to commodity contracts	$1.1B	$406.0M
Margin deposits posted under affiliate financing agreement	$444.0M	$435.0M
Prepaid expense and other current assets	$654.0M	$523.0M
Total current assets	$9.2B	$8.1B
Restricted cash	$6.0M	$6.0M
Investments	$5.1B	$4.5B
Property, plant, and equipment net	$19.8B	$18.2B
Goodwill	$2.8B	$2.8B
Identifiable intangible assets net	$2.4B	$2.2B
Commodity and other derivative contractual assets	$405.0M	$740.0M
Accumulated deferred income taxes	$239.0M	$9.0M
Other noncurrent assets	$1.5B	$1.2B
Total assets	$41.5B	$37.8B
Short-term borrowings	$1.8B	$0
Accounts receivable financing	$1.2B	$750.0M
Long-term debt due currently	$1.2B	$880.0M
Forward repurchase obligation due currently	$632.0M	$703.0M
Trade accounts payable	$1.6B	$1.5B
Commodity and other derivative contractual liabilities	$4.0B	$3.4B
Margin deposits related to commodity contracts	$7.0M	$49.0M
Accrued taxes other than income	$224.0M	$209.0M
Accrued interest	$188.0M	$193.0M
Asset retirement obligations	$181.0M	$142.0M
Other current liabilities	$663.0M	$645.0M
Total current liabilities	$11.8B	$8.4B
Margin deposits financing with affiliate	$444.0M	$435.0M
Long-term debt, less amounts due currently	$15.8B	$15.4B
Forward repurchase obligation, less amounts due currently	$0	$632.0M
Commodity and other derivative contractual liabilities	$1.7B	$1.4B
Accumulated deferred income taxes	$1.0B	$697.0M
Asset retirement obligations	$4.0B	$3.9B
Other noncurrent liabilities and deferred credits	$1.5B	$1.3B
Total liabilities	$36.4B	$32.2B
Preferred stock (100,000,000 shares authorized, $1,000 liquidation preference per share, 2,476,066 shares outstanding at both December 31, 2025 and 2024, respectively)	$2.5B	$2.5B
Common stock (par value $0.01 per share, 1,800,000,000 shares authorized, 338,059,635 and 339,754,307 shares outstanding at December 31, 2025 and 2024, respectively)	$5.0M	$5.0M
Treasury stock, at cost (215,599,525 and 208,998,299 shares at December 31, 2025 and 2024, respectively)	-$6.9B	-$5.9B
Additional paid-in-capital	$9.5B	$9.4B
Accumulated deficit	-$12.0M	-$454.0M
Accumulated other comprehensive income	$17.0M	$20.0M
Stockholders' equity	$5.1B	$5.6B
Noncontrolling interest in subsidiary	$13.0M	$13.0M
Total equity	$5.1B	$5.6B	$5.3B	$4.9B
Total liabilities and equity	$41.5B	$37.8B
Preferred stock, shares authorized (in shares)	100.0M shares	100.0M shares
Preferred sock, liquidation preference (in dollars per share)	$1.0K	$1.0K
Preferred stock, shares outstanding (in shares)	2.5M shares	2.5M shares
Common stock, par or stated value per share (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	1.8B shares	1.8B shares
Common stock, shares outstanding (in shares)	338.1M shares	339.8M shares
Treasury stock, common shares (in shares)	215.6M shares	209.0M shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$785.0M	$1.2B
Restricted cash	$31.0M	$28.0M
Trade accounts receivable net	$2.3B	$2.0B
Commodity and other derivative contractual assets	$2.8B	$2.6B
Margin deposits related to commodity contracts	$1.1B	$406.0M
Margin deposits posted under affiliate financing agreement	$444.0M	$435.0M
Prepaid expense and other current assets	$654.0M	$523.0M
Total current assets	$9.2B	$8.1B
Restricted cash	$6.0M	$6.0M
Investments	$5.1B	$4.5B
Property, plant, and equipment net	$19.8B	$18.2B
Goodwill	$2.8B	$2.8B
Identifiable intangible assets net	$2.4B	$2.2B
Commodity and other derivative contractual assets	$405.0M	$740.0M
Accumulated deferred income taxes	$239.0M	$9.0M
Other noncurrent assets	$1.5B	$1.2B
Total assets	$41.5B	$37.8B
Short-term borrowings	$1.8B	$0
Accounts receivable financing	$1.2B	$750.0M
Long-term debt due currently	$1.2B	$880.0M
Forward repurchase obligation due currently	$632.0M	$703.0M
Trade accounts payable	$1.6B	$1.5B
Commodity and other derivative contractual liabilities	$4.0B	$3.4B
Margin deposits related to commodity contracts	$7.0M	$49.0M
Accrued taxes other than income	$224.0M	$209.0M
Accrued interest	$188.0M	$193.0M
Asset retirement obligations	$181.0M	$142.0M
Other current liabilities	$663.0M	$645.0M
Total current liabilities	$11.8B	$8.4B
Margin deposits financing with affiliate	$444.0M	$435.0M
Long-term debt, less amounts due currently	$15.8B	$15.4B
Forward repurchase obligation, less amounts due currently	$0	$632.0M
Commodity and other derivative contractual liabilities	$1.7B	$1.4B
Accumulated deferred income taxes	$1.0B	$697.0M
Asset retirement obligations	$4.0B	$3.9B
Other noncurrent liabilities and deferred credits	$1.5B	$1.3B
Total liabilities	$36.4B	$32.2B
Preferred stock (100,000,000 shares authorized, $1,000 liquidation preference per share, 2,476,066 shares outstanding at both December 31, 2025 and 2024, respectively)	$2.5B	$2.5B
Common stock (par value $0.01 per share, 1,800,000,000 shares authorized, 338,059,635 and 339,754,307 shares outstanding at December 31, 2025 and 2024, respectively)	$5.0M	$5.0M
Treasury stock, at cost (215,599,525 and 208,998,299 shares at December 31, 2025 and 2024, respectively)	-$6.9B	-$5.9B
Additional paid-in-capital	$9.5B	$9.4B
Accumulated deficit	-$12.0M	-$454.0M
Accumulated other comprehensive income	$17.0M	$20.0M
Stockholders' equity	$5.1B	$5.6B
Noncontrolling interest in subsidiary	$13.0M	$13.0M
Total equity	$5.1B	$5.6B	$5.3B	$4.9B
Total liabilities and equity	$41.5B	$37.8B
Preferred stock, shares authorized (in shares)	100.0M shares	100.0M shares
Preferred sock, liquidation preference (in dollars per share)	$1.0K	$1.0K
Preferred stock, shares outstanding (in shares)	2.5M shares	2.5M shares
Common stock, par or stated value per share (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	1.8B shares	1.8B shares
Common stock, shares outstanding (in shares)	338.1M shares	339.8M shares
Treasury stock, common shares (in shares)	215.6M shares	209.0M shares

Cash from operations¹²¹³¹⁴¹⁵¹¹$4.1B in 2025+49% since 2019

Capital spending¹²¹³¹⁴¹⁵¹¹$2.8B in 2025+286% since 2019

Free cash flow¹²¹³¹⁴¹⁵¹¹$1.3B in 2025−35% since 2019

Dividends paid¹²¹³¹⁴¹⁵¹¹$306.0M in 2025+26% since 2019

Share buybacks¹²¹³¹⁴¹⁵¹¹$1.0B in 2025+57% since 2019

Every line of the cash flow as filed: the last 3 fiscal years, latest first.¹¹

Period ending	2025-12-31	2024-12-31	2023-12-31
Total reportable segment net income (loss)	$944.0M	$2.8B	$1.5B
Depreciation and amortization	$3.0B	$2.6B	$2.0B
Deferred income tax expense (benefit), net	$136.0M	$607.0M	$457.0M
Gain on sale of land	$0	$0	-$95.0M
Impairment of long-lived and other assets	$228.0M	$0	$49.0M
Unrealized net (gain) loss from mark-to-market valuations of commodities	$808.0M	-$1.2B	-$490.0M
Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps	$67.0M	-$53.0M	$36.0M
Unrealized net gain from nuclear decommissioning trusts	-$138.0M	-$116.0M	$0
Change in asset retirement obligation liability	-$20.0M	$38.0M	$27.0M
Asset retirement obligation accretion expense	$134.0M	$114.0M	$34.0M
Impacts of Tax Receivable Agreement	-$2.0M	$5.0M	$164.0M
Gain on TRA repurchase and tender offers	$0	-$10.0M	-$29.0M
Bad debt expense	$201.0M	$183.0M	$164.0M
Stock-based compensation expense	$113.0M	$100.0M	$77.0M
Involuntary conversion gain	-$120.0M	$0	$0
Other, net	-$47.0M	-$89.0M	$103.0M
Accounts receivable trade	-$528.0M	-$242.0M	$214.0M
Inventories	-$3.0M	-$31.0M	-$174.0M
Accounts payable trade	$16.0M	$19.0M	-$350.0M
Commodity and other derivative contractual assets and liabilities	-$102.0M	-$175.0M	$82.0M
Margin deposits, net	-$769.0M	$842.0M	$1.9B
Accrued interest	-$4.0M	-$18.0M	$46.0M
Accrued taxes	$27.0M	-$1.0M	$5.0M
Accrued employee incentive	-$40.0M	$8.0M	$58.0M
Asset retirement obligation settlement	-$96.0M	-$88.0M	-$81.0M
Major plant outage deferral	$7.0M	-$91.0M	-$32.0M
Other net assets	$88.0M	-$616.0M	$84.0M
Other net liabilities	$220.0M	-$111.0M	-$243.0M
Cash provided by operating activities	$4.1B	$4.6B	$5.5B
Capital expenditures, including nuclear fuel purchases and LTSA prepayments	-$2.8B	-$2.1B	-$1.7B
Proceeds from sales of nuclear decommissioning trust fund securities	$5.2B	$2.2B	$601.0M
Investments in nuclear decommissioning trust fund securities	-$5.2B	-$2.2B	-$624.0M
Proceeds from sales of environmental allowances	$275.0M	$773.0M	$500.0M
Purchases of environmental allowances	-$1.2B	-$1.2B	-$1.1B
Insurance proceeds for recovery of damaged property, plant, and equipment	-$325.0M	-$3.0M	-$15.0M
Proceeds from sales of property, plant, and equipment, including nuclear fuel	$119.0M	$196.0M	$115.0M
Proceeds from sales of transferable ITCs	$0	$150.0M	$0
Other, net	-$10.0M	-$6.0M	-$5.0M
Cash used in investing activities	-$4.4B	-$5.3B	-$2.1B
Issuances of debt	$2.5B	$3.8B	$2.5B
Repayments/repurchases of debt	-$2.6B	-$2.3B	-$33.0M
Net borrowings (repayments) under accounts receivable financing	$475.0M	$750.0M	-$425.0M
Borrowings under Revolving Credit Facility	$530.0M	$50.0M	$100.0M
Repayments under Revolving Credit Facility	-$150.0M	-$50.0M	-$350.0M
Borrowings under Commodity-Linked Facility	$2.5B	$1.8B	$0
Repayments under Commodity-Linked Facility	-$1.1B	-$1.8B	-$400.0M
Debt issuance costs	-$23.0M	-$76.0M	-$59.0M
Stock repurchases	-$1.0B	-$1.3B	-$1.2B
Dividends paid to common stockholders	-$306.0M	-$305.0M	-$313.0M
Dividends paid to preferred stockholders	-$192.0M	-$173.0M	-$150.0M
Dividends paid to noncontrolling and redeemable noncontrolling interest holders	$0	-$180.0M	$0
Payment for acquisition of noncontrolling interest	$0	-$1.7B	$0
Principal payment on forward repurchase obligation	-$703.0M	$0	$0
TRA Repurchase and tender offer return of capital	$0	-$122.0M	$0
Other, net	-$19.0M	-$14.0M	$83.0M
Cash used in financing activities	-$74.0M	-$1.6B	-$294.0M
Net change in cash, cash equivalents, and restricted cash (current and noncurrent)	-$400.0M	-$2.3B	$3.0B
Interest paid	$1.2B	$987.0M	$636.0M
Capitalized interest	-$125.0M	-$77.0M	-$37.0M
Interest paid (net of capitalized interest)	$1.0B	$910.0M	$599.0M
Accrued property, plant and equipment additions	$108.0M	$258.0M	$104.0M
Issuance of Series C Preferred Stock as consideration for the repurchase of TRA Rights with a carrying value of $506 million	$0	$0	$476.0M
Gain on taxable receivable agreement, repurchase rights, carrying value of the repurchase rights			$506.0M

Compare Vistra with another company

Corporate structure

Vistra sits at the top of its group. 64 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Vistra

State Street Corporation Filed SCHEDULE 13G on Vistra, latest Aug 7, 2026
VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Vistra, latest Apr 28, 2026
VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Vistra, latest Apr 28, 2026
VANGUARD GROUP INC Filed SCHEDULE 13G/A on Vistra, latest Mar 26, 2026 (5 filings since Feb 9, 2022)
Qatar Investment Authority Filed SCHEDULE 13G on Vistra, latest Aug 5, 2025 (2 filings since Mar 7, 2022)
FMR LLC Filed SCHEDULE 13G/A on Vistra, latest May 12, 2025 (5 filings since Feb 9, 2022)
BlackRock Filed SC 13G/A on Vistra, latest Nov 8, 2024 (6 filings since Dec 10, 2021)
Brookfield Corporation Filed SC 13G/A on Vistra, latest Feb 13, 2024 (3 filings since Feb 14, 2022)

Vistra Irving, Texas, United States
- Dynegy Subsidiary · Houston
- Luminant Subsidiary · Dallas
- TXU Energy Subsidiary · Irving
- 1 Ambit Energy Holdings, LLC Subsidiary · Texas, United States
- 10 Dynegy Marketing and Trade, LLC Subsidiary · Delaware, United States
- 11 Dynegy Midwest Generation, LLC Subsidiary · Delaware, United States
- 12 Dynegy Resources Generation HoldCo, LLC Subsidiary · Delaware, United States
- 13 Energy Harbor Holdings LLC Subsidiary · Delaware, United States
- 14 Energy Harbor LLC Subsidiary · Delaware, United States
- 15 Energy Harbor Nuclear Generation LLC Subsidiary · Delaware, United States
- 16 EquiPower Resources Corp. Subsidiary · Delaware, United States
- 17 Illinois Power Marketing Company, LLC Subsidiary · Delaware, United States
- 18 Kincaid Generation, L.L.C. Subsidiary · Virginia, United States
- 19 La Frontera Holdings, LLC Subsidiary · Delaware, United States
- 2 Ambit Holdings, LLC Subsidiary · Texas, United States
- 20 Luminant Commercial Asset Management LLC Subsidiary · Ohio, United States
- 21 Luminant Energy Company LLC Subsidiary · Texas, United States
- 22 Luminant Generation Company LLC Subsidiary · Texas, United States
- 23 Luminant Power LLC Subsidiary · Delaware, United States
- 24 Oak Grove Management Company LLC Subsidiary · Delaware, United States
- 25 TXU Energy Retail Company LLC Subsidiary · Texas, United States
- 26 Value Based Brands LLC Subsidiary · Texas, United States
- 27 Vistra Asset Company LLC Subsidiary · Delaware, United States
- 28 Vistra Intermediate Company LLC Subsidiary · Delaware, United States
- 29 Vistra Operations Company LLC Subsidiary · Delaware, United States
- and 24 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Vistra reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Construction in progress	$1.9B¹¹ Dec 31, 2025	$1.1B¹¹ Dec 31, 2024	+80.8%
Accumulated depreciation	$9.3B¹¹ Dec 31, 2025	$8.0B¹¹ Dec 31, 2024	+15.6%
Property and equipment, net	$19.8B¹¹ Dec 31, 2025	$18.2B¹¹ Dec 31, 2024	+9.2%
Finance-lease assets	$149.0M¹¹ Dec 31, 2025	$153.0M¹¹ Dec 31, 2024	−2.6%
Operating-lease assets (leased space)	$98.0M¹¹ Dec 31, 2025	$106.0M¹¹ Dec 31, 2024	−7.5%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$785.0M¹¹ Dec 31, 2025	$1.2B¹¹ Dec 31, 2024	−33.9%
Long-term investments	$4.5B¹⁵ Dec 31, 2024	$2.0B¹⁵ Dec 31, 2023	+121.7%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$2.8B¹¹ Dec 31, 2025	$2.8B¹¹ Dec 31, 2024	+0.1%
Intangible assets, net (excluding goodwill)	$2.4B¹¹ Dec 31, 2025	$2.2B¹¹ Dec 31, 2024	+10.0%
Finite-lived intangibles, gross	$3.8B¹¹ Dec 31, 2025	$3.5B¹¹ Dec 31, 2024	+9.4%
Accumulated amortization	$2.8B¹¹ Dec 31, 2025	$2.6B¹¹ Dec 31, 2024	+4.1%
Finite-lived intangibles, net	$1.1B¹¹ Dec 31, 2025	$872.0M¹¹ Dec 31, 2024	+25.5%

Inventory

Item	Latest	A year before	Change
Inventory, total	$970.0M¹⁵ Dec 31, 2024	$740.0M¹⁵ Dec 31, 2023	+31.1%

Properties, in its own words

The following table presents our asset fleet as of December 31, 2025 by segment. All of our facilities are 100% (fee simple) owned.

Facility · Location · ISO/RTO · Technology · Primary Fuel · Net Capacity (MW) (a)

The rest of Item 2

Texas Segment

Ennis · Ennis, TX · ERCOT · CCGT · Natural Gas · 366

Forney · Forney, TX · ERCOT · CCGT · Natural Gas · 1,912

Hays · San Marcos, TX · ERCOT · CCGT · Natural Gas · 1,122

Lamar · Paris, TX · ERCOT · CCGT · Natural Gas · 1,180

Midlothian · Midlothian, TX · ERCOT · CCGT · Natural Gas · 1,596

Odessa · Odessa, TX · ERCOT · CCGT · Natural Gas · 1,180

Wise · Poolville, TX · ERCOT · CCGT · Natural Gas · 787

DeCordova · Granbury, TX · ERCOT · CT · Natural Gas · 362

Morgan Creek · Colorado City, TX · ERCOT · CT · Natural Gas · 446

Permian Basin · Monahans, TX · ERCOT · CT · Natural Gas · 404

Graham · Graham, TX · ERCOT · ST · Natural Gas · 630

Lake Hubbard · Dallas, TX · ERCOT · ST · Natural Gas · 921

Stryker Creek · Rusk, TX · ERCOT · ST · Natural Gas · 685

Trinidad · Trinidad, TX · ERCOT · ST · Natural Gas · 244

Coleto Creek · Goliad, TX · ERCOT · ST · Coal · 650

Martin Lake · Tatum, TX · ERCOT · ST · Coal · 2,455

Oak Grove · Franklin, TX · ERCOT · ST · Coal · 1,710

Comanche Peak · Glen Rose, TX · ERCOT · Nuclear · Uranium · 2,400

Brightside · Live Oak County, TX · ERCOT · Solar · Renewable · 50

Emerald Grove · Crane County, TX · ERCOT · Solar · Renewable · 108

Oak Hill · Rusk County, TX · ERCOT · Solar · Renewable · 200

Upton 2 · Upton County, TX · ERCOT · Solar/Battery · Renewable · 190

DeCordova · Granbury, TX · ERCOT · Battery · Renewable · 260

Total Texas Segment · 19,858

Beaver Falls · Beaver Falls, NY · NYISO · CCGT · Natural Gas · 108

Independence · Oswego, NY · NYISO · CCGT · Natural Gas · 1,212

Syracuse · Solvay, NY · NYISO · CCGT · Natural Gas · 103

Bellingham · Bellingham, MA · ISO-NE · CCGT · Natural Gas · 566

Blackstone · Blackstone, MA · ISO-NE · CCGT · Natural Gas · 544

Casco Bay · Veazie, ME · ISO-NE · CCGT · Natural Gas · 543

Lake Road · Dayville, CT · ISO-NE · CCGT · Natural Gas · 827

Manchester · Providence, RI · ISO-NE · CCGT · Natural Gas · 510

Masspower · Indian Orchard, MA · ISO-NE · CCGT · Natural Gas · 281

Milford · Milford, CT · ISO-NE · CCGT · Natural Gas · 600

Facility · Location · ISO/RTO · Technology · Primary Fuel · Net Capacity (MW) (a)

Baldwin · Baldwin, IL · MISO · Solar/Battery · Renewable · 70

Coffeen · Coffeen, IL · MISO · Solar/Battery · Renewable · 46

Baldwin · Baldwin, IL · MISO · ST · Coal · 1,185

Newton · Newton, IL · MISO · ST · Coal · 615

Kincaid · Kincaid, IL · PJM · ST · Coal · 1,108

Miami Fort 7 & 8 · North Bend, OH · PJM · ST · Coal · 1,020

Fairless · Fairless Hills, PA · PJM · CCGT · Natural Gas · 1,320

Fayette · Masontown, PA · PJM · CCGT · Natural Gas · 726

Garrison · Dover, DE · PJM · CCGT · Natural Gas · 309

Hanging Rock · Ironton, OH · PJM · CCGT · Natural Gas · 1,430

Hopewell · Hopewell, VA · PJM · CCGT · Natural Gas · 370

Kendall · Minooka, IL · PJM · CCGT · Natural Gas · 1,288

Liberty · Eddystone, PA · PJM · CCGT · Natural Gas · 607

Ontelaunee · Reading, PA · PJM · CCGT · Natural Gas · 600

Sayreville · Sayreville, NJ · PJM · CCGT · Natural Gas · 349

Washington · Beverly, OH · PJM · CCGT · Natural Gas · 711

Calumet · Chicago, IL · PJM · CT · Natural Gas · 380

Dicks Creek · Monroe, OH · PJM · CT · Natural Gas · 155

Hazleton · Pardeesville, PA · PJM · CT · Natural Gas · 158

Pleasants · Saint Marys, WV · PJM · CT · Natural Gas · 388

Miami Fort (CT) · North Bend, OH · PJM · CT · Fuel Oil · 77

Beaver Valley 1 & 2 · Shippingport, PA · PJM · Nuclear · Uranium · 1,872

Perry · Perry, OH · PJM · Nuclear · Uranium · 1,268

Davis-Besse · Oak Harbor, OH · PJM · Nuclear · Uranium · 908

Total East Segment · 22,254

West Segment

Moss Landing 1 & 2 · Moss Landing, CA · CAISO · CCGT · Natural Gas · 1,020

Moss Landing (b) · Moss Landing, CA · CAISO · Battery · Renewable · 350

Oakland · Oakland, CA · CAISO · CT · Fuel Oil · 110

Greenleaf · Yuba City, CA · CAISO · CT · Natural Gas · 49

Total West Segment · 1,529

Total capacity · 43,641

(a)Approximate net generation capacity. Actual net generation capacity may vary based on a number of factors, including ambient temperature. Capacity based on winter rating. We have not included units that have been retired or are out of operation. See Note 7 to the Financial Statements for additional information.

(b)Net capacity represents the Moss Landing 350 MW battery facility and excludes the Moss Landing 100 and 300 MW battery facilities as they will not return to service. See Note 8 to the Financial Statements for additional information.

Our wholesale commodity risk management group also procures renewable energy credits from renewable generation in ERCOT and PJM to support our electricity sales to wholesale and retail customers to satisfy the increasing demand for renewable resources from such customers. As of December 31, 2025, Vistra had long-term agreements to procure renewable energy credits from approximately 950 MW of renewable generation. These renewable generation sources deliver electricity when conditions make them available, and, when on-line, they generally compete with baseload units. Because they cannot be relied upon to meet demand continuously due to their dependence on weather and time of day, these generation sources are categorized as non-dispatchable and create the need for intermediate/load-following resources to respond to changes in their output.

Item 2 of the 10-K filed Feb 27, 2026.¹⁹

Stakes and holdings (Wikidata)

Luminant

Things Wikidata records the company as owning, with the share when stated.¹

The story

In 2016, Texas Competitive Electric Holdings (TCEH) parent company of TXU Energy and Luminant, emerged from Chapter 11 (as part of the bankruptcy protection for Energy Future Holdings Corporation). TCEH was then rebranded as Vistra Energy.

Vistra acquired Dynegy in 2018. In 2019, Ambit Energy was acquired, resulting in a 32% residential market share in Electric Reliability Council of Texas (ERCOT), with NRG Energy as its largest competitor. It also acquired Crius Energy in 2019.

In May 2025, Vistra announced they were set to buy seven natural gas power plants for US$1.9 billion from Lotus Infrastructure Partners.

From Wikipedia’s article on Vistra Corp., shared under CC BY-SA 4.0.⁸

Leadership

Who has led Vistra, and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Chief operating officer

James A. Burke2017–2020

20202025

Chief executive officerJames A. Burke Aug 3, 2022 to now²⁰
Chief executive officerCurtis A. Morgan Dec 5, 2017 to May 24, 2022²¹
PresidentScott A. Hudson Mar 9, 2020 to Oct 6, 2020²²
PresidentJames A. Burke Dec 18, 2020 to now²³
PresidentCurtis A. Morgan Dec 5, 2017 to Oct 6, 2020²¹
Chief financial officerKristopher E. Moldovan Aug 3, 2022 to now²⁴
Chief financial officerJames A. Burke Dec 18, 2020 to Jun 21, 2022²³
Chief operating officerJames A. Burke Dec 5, 2017 to Oct 6, 2020²⁵

Board members and other officers (29)

SVP, Chief Accounting OfficerMargaret Montemayor Nov 16, 2023 to now²⁶
EVP & Chief Strategy OfficerStacey H. Dore Aug 31, 2022 to now²⁷
SVP and President RetailScott A. Hudson Jan 25, 2018 to now²⁸
SVP & Chief Commercial OfficerStephen J. Muscato Jan 25, 2018 to Nov 26, 2024²⁹
VP and ControllerElizabeth Christine Dobry Feb 2, 2018 to Mar 10, 2023³⁰
OfficerCarrie Lee Kirby May 8, 2017 to now³¹
OfficerCurtis A. Morgan May 8, 2017 to Nov 9, 2017³²
OfficerJames A. Burke May 8, 2017 to Nov 9, 2017³³
OfficerSara Graziano May 8, 2017 to May 29, 2019³⁴
OfficerStephanie Zapata Moore May 8, 2017 to Nov 9, 2017³⁵
OfficerTerry L. Nutt May 18, 2017 to Dec 5, 2017³⁶
Board memberRobert Charles Walters Jan 8, 2025 to now³⁷
Board memberJohn William Pitesa Mar 18, 2024 to now³⁸
Board memberJulie A. Lagacy Feb 7, 2023 to now³⁹
Board memberJames A. Burke Aug 3, 2022 to now²⁰
Board memberArcilia Acosta Mar 5, 2020 to now⁴⁰
Board memberLisa Crutchfield Mar 5, 2020 to now⁴¹
Board memberHilary E. Ackermann Apr 11, 2018 to now⁴²
Board memberJohn R. Sult Apr 11, 2018 to now⁴³
Board memberPaul M. Barbas Apr 11, 2018 to now⁴⁴
Board memberBruce Zimmerman Jul 3, 2018 to Jun 11, 2019⁴⁵
Board memberCurtis A. Morgan May 8, 2017 to May 24, 2022³²
Board memberCyrus Madon May 8, 2017 to May 8, 2017⁴⁶
Board memberGavin R. Baiera May 8, 2017 to now⁴⁷
Board memberJeff D. Hunter May 8, 2017 to May 5, 2023⁴⁸
Board memberJennifer Box May 8, 2017 to May 8, 2017⁴⁹
Board memberBrian K. Ferraioli May 18, 2017 to May 5, 2023⁵⁰
Board memberScott B. Helm Jul 14, 2017 to now⁵¹
General counselStephanie Zapata Moore Dec 5, 2017 to now⁵²

Subsidiaries and ownership

Owners

Subsidiaries

Dynegy
Luminant
TXU Energy
U.S. Gas and Electric Inc.

Subsidiaries (Exhibit 21)

1 Ambit Energy Holdings, LLC Texas⁹
10 Dynegy Marketing and Trade, LLC Delaware⁹
11 Dynegy Midwest Generation, LLC Delaware⁹
12 Dynegy Resources Generation HoldCo, LLC Delaware⁹
13 Energy Harbor Holdings LLC Delaware⁹
14 Energy Harbor LLC Delaware⁹
15 Energy Harbor Nuclear Generation LLC Delaware⁹
16 EquiPower Resources Corp. Delaware⁹
17 Illinois Power Marketing Company, LLC Delaware⁹
18 Kincaid Generation, L.L.C. Virginia⁹
19 La Frontera Holdings, LLC Delaware⁹
2 Ambit Holdings, LLC Texas⁹
20 Luminant Commercial Asset Management LLC Ohio⁹
21 Luminant Energy Company LLC Texas⁹
22 Luminant Generation Company LLC Texas⁹
23 Luminant Power LLC Delaware⁹
24 Oak Grove Management Company LLC Delaware⁹
25 TXU Energy Retail Company LLC Texas⁹
26 Value Based Brands LLC Texas⁹
27 Vistra Asset Company LLC Delaware⁹
28 Vistra Intermediate Company LLC Delaware⁹
29 Vistra Operations Company LLC Delaware⁹
3 Ambit Texas, LLC Texas⁹
30 Vistra Preferred, LLC Delaware⁹

All 34 listed subsidiaries

31 Vistra Vision Holdings I LLC Delaware⁹
32 Vistra Vision Holdings II LLC Delaware⁹
33 Vistra Vision LLC Delaware⁹
34 Volt Asset Company, LLC Delaware⁹
4 Comanche Peak Power Company LLC Delaware⁹
5 Crius Energy, LLC Delaware⁹
6 Crius Energy Holdings, LLC Delaware⁹
7 Dynegy Coal Holdco, LLC Delaware⁹
8 Dynegy Energy Services (East), LLC Delaware⁹
9 Dynegy Energy Services, LLC Delaware⁹

From Wikidata.¹ The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

Vistra Energy Corp.Dec 27, 2017 to Jun 29, 2020⁷
Vistra Energy CorpMay 4, 2016 to Jan 29, 2018⁷

Timeline

Oct 5, 20268-K Entered a material agreement; New debt or obligation⁵³
Sep 24, 20268-K Entered a material agreement; Other events⁵⁴
Aug 7, 20268-K Results of operations⁵⁵
Jul 16, 20268-K Entered a material agreement; New debt or obligation⁵⁶
Jul 14, 20268-K Other events⁵⁷
Jun 30, 20268-K Entered a material agreement; New debt or obligation⁵⁸
May 7, 20268-K Results of operations⁵⁹
May 4, 20268-K Shareholder vote⁶⁰
Apr 28, 20268-K Entered a material agreement; New debt or obligation⁶¹
Feb 26, 20268-K Results of operations⁶²
Jan 27, 20268-K Entered a material agreement; New debt or obligation⁶³
Jan 9, 20268-K Regulation FD disclosure⁶⁴
Aug 3, 2022New chief executive James A. Burke becomes CEO²⁰
Dec 5, 2017New chief executive Curtis A. Morgan becomes CEO²¹
2016Founded Founded¹

Calendar

Coming up

Nov 6, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.75 a share, on Nov 6, 2025.⁶⁵

When it reported results

Aug 7, 2026Reported quarterly or annual results⁵⁵
May 7, 2026Reported quarterly or annual results⁵⁹
Feb 26, 2026Reported quarterly or annual results⁶²
Nov 6, 2025Reported quarterly or annual results⁶⁶
Aug 7, 2025Reported quarterly or annual results⁶⁷
May 7, 2025Reported quarterly or annual results⁶⁸
Feb 27, 2025Reported quarterly or annual results⁶⁹
Nov 7, 2024Reported quarterly or annual results⁷⁰

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

490 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 96 major events, 248 insider forms, 24 large holders, 102 other. The latest 20:

Oct 8, 20264 EDGAR
Oct 7, 2026144 EDGAR
Oct 7, 20264 EDGAR
Oct 6, 2026144 EDGAR
Oct 5, 20268-K EDGAR
Sep 24, 20268-K EDGAR
Sep 14, 2026424B2 EDGAR
Sep 11, 2026FWP PRICING TERM SHEET EDGAR
Sep 10, 20264 EDGAR
Sep 10, 20264 EDGAR
Sep 10, 2026424B5 EDGAR
Sep 9, 2026S-3ASR EDGAR
Sep 8, 2026144 EDGAR
Sep 8, 2026144 EDGAR
Sep 2, 20264 EDGAR
Aug 24, 20264 EDGAR
Aug 10, 202610-Q EDGAR
Aug 7, 20268-K EDGAR
Aug 7, 2026SCHEDULE 13G EDGAR
Jul 16, 20268-K EDGAR

The 490 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

129 open-market trades by officers, directors and large owners since October 2021: 29 buys and 100 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Sep 8, 2026	Moldovan Kristopher E.EVP and CFO	Sale	20,000	$151.03	$3.0M	Form 4
Sep 8, 2026	HUDSON SCOTT AEVP & President Vistra Retail	Sale	44,444	$151.82	$6.7M	Form 4
Sep 1, 2026	BURKE JAMES APresident and CEO	Buy	4,465	$135.25	$603.9K	Form 4
Aug 31, 2026	BURKE JAMES APresident and CEO	Buy	2,200	$135.99	$299.2K	Form 4
Aug 24, 2026	BURKE JAMES APresident and CEO	Buy	2,000	$135.00	$270.0K	Form 4
Jun 18, 2026	Acosta ArciliaDirector	Sale	15,000	$167.52	$2.5M	Form 4
Jun 18, 2026	SULT JOHN RDirector	Sale	6,500	$170.00	$1.1M	Form 4
Jun 16, 2026	HELM SCOTT BDirector	Sale	25,000	$160.00	$4.0M	Form 4
Jun 15, 2026	BARBAS PAUL MDirector	Sale	244	$153.00	$37.3K	Form 4
Jun 12, 2026	BARBAS PAUL MDirector	Sale	244	$147.93	$36.1K	Form 4
Jun 2, 2026	Montemayor MargaretSVP, Chief Accounting Officer	Sale	4,600	$160.00	$736.0K	Form 4
May 27, 2026	Montemayor MargaretSVP, Chief Accounting Officer	Sale	5,000	$164.96	$824.8K	Form 4
Mar 9, 2026	Moore Stephanie ZapataEVP and General Counsel	Sale	10,000	$160.31	$1.6M	Form 4
Dec 11, 2025	BURKE JAMES APresident and CEO	Sale	22,251	$162.05	$3.6M	Form 4
Dec 11, 2025	BURKE JAMES APresident and CEO	Sale	22,251	$162.05	$3.6M	Form 4
Nov 24, 2025	Moore Stephanie ZapataEVP and General Counsel	Sale	8,219	$173.35	$1.4M	Form 4
Nov 14, 2025	HUDSON SCOTT AEVP & President Vistra Retail	Sale	56,000	$168.86	$9.5M	Form 4
Nov 14, 2025	Kirby Carrie LeeEVP and Chief Admin. Officer	Sale	58,275	$174.75	$10.2M	Form 4
Nov 11, 2025	BURKE JAMES APresident and CEO	Sale	21,935	$186.53	$4.1M	Form 4
Oct 29, 2025	BURKE JAMES APresident and CEO	Sale	9,641	$192.30	$1.9M	Form 4

All 129 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

State Street CorporationSCHEDULE 13G, 1 filing Aug 7, 2026⁷¹
VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 2026⁷²
VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 2026⁷³
VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to Mar 26, 2026⁷⁴
Qatar Investment AuthoritySCHEDULE 13G, 2 filings Mar 7, 2022 to Aug 5, 2025⁷⁵
FMR LLCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to May 12, 2025⁷⁶
BlackRockSC 13G/A, 6 filings Dec 10, 2021 to Nov 8, 2024⁷⁷
Brookfield CorporationSC 13G/A, 3 filings Feb 14, 2022 to Feb 13, 2024⁷⁸

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Age	Salary	Total pay
2025	James A. BurkePresident and Chief Executive Officer		$1.4M	$16.0M⁷⁹
2025	Stacey DoréChief Strategy and Sustainability Officer & EVP Public Affairs	53	$654.7K	$6.8M⁷⁹
2025	Kristopher E. MoldovanEVP and Chief Financial Officer	54	$665.1K	$6.7M⁷⁹
2025	Scott A. HudsonEVP and President Vistra Retail	62	$650.0K	$4.1M⁷⁹
2025	Stephanie Zapata MooreEVP, General Counsel, and Chief Compliance Officer	52	$604.8K	$3.2M⁷⁹
2024	James A. BurkePresident and Chief Executive Officer		$1.3M	$12.2M⁷⁹
2024	Kristopher E. MoldovanEVP and Chief Financial Officer	54	$645.8K	$4.9M⁷⁹
2024	Stacey DoréChief Strategy and Sustainability Officer & EVP Public Affairs	53	$635.7K	$4.8M⁷⁹
2024	Scott A. HudsonEVP and President Vistra Retail	62	$634.7K	$4.3M⁷⁹
2023	James A. BurkePresident and Chief Executive Officer		$1.3M	$10.5M⁷⁹
2023	Stacey DoréChief Strategy and Sustainability Officer & EVP Public Affairs	53	$617.6K	$4.6M⁷⁹
2023	Kristopher E. MoldovanEVP and Chief Financial Officer	54	$627.5K	$4.5M⁷⁹
2023	Scott A. HudsonEVP and President Vistra Retail	62	$621.7K	$4.0M⁷⁹

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	29,064,465	$4.6B	0.1%	+584,124
Vanguard Capital Management LLC	21,393,858	$3.4B	0.1%	−102
Vanguard Portfolio Management LLC	16,939,291	$2.7B	0.1%	+37,073
State Street Corp	16,850,452	$2.7B	0.1%	+79,972
Fmr LLC	14,160,202	$2.2B	0.1%	−1,647,805
Geode Capital Management, LLC	9,037,395	$1.4B	0.1%	+3,724
Morgan Stanley	8,880,730	$1.4B	0.1%	+623,792
Norges Bank	5,811,201	$921.8M	0.1%	New
UBS Group AG	5,398,501	$856.4M	0.1%	+800,517
Goldman Sachs Group Inc	4,742,324	$752.3M	0.1%	+1,403,075
Invesco Ltd.	3,713,835	$589.1M	0.0%	+560,123
Dimensional Fund Advisors LP	3,546,461	$562.7M	0.1%	+109,581
Jpmorgan Chase & Co	3,252,881	$528.2M	0.0%	−4,236,776
Massachusetts Financial Services Co /ma/	3,160,826	$501.6M	0.2%	−790,963
Northern Trust Corp	3,022,047	$479.4M	0.1%	−125,895
Bank Of America Corp /de/	2,952,496	$468.4M	0.0%	−31,398
Franklin Resources Inc	2,685,874	$426.1M	0.1%	+94,547
Capital World Investors	2,574,260	$408.4M	0.0%	+40,007
Canada Pension Plan Investment Board	2,449,824	$388.6M	0.2%	−733,769
Bank of New York Mellon Corp	2,407,727	$381.9M	0.1%	+21,788
Clearbridge Investments, LLC	2,313,189	$366.9M	0.3%	−160,530
Appaloosa LP	2,215,272	$351.4M	4.7%	+192,940
Charles Schwab Investment Management Inc	2,107,738	$334.4M	0.0%	+28,490
Reaves W H & Co Inc	2,070,918	$328.5M	5.0%	−23,629
Nuveen, LLC	1,961,303	$311.1M	0.1%	−194,799

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

11 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Feb 17, 2026	Julia LetlowRepublican, House	Buy	$1,001 - $15,000	−24.6%	Report
Jan 16, 2026	Nancy PelosiDemocratic, House	Buy	$100,001 - $250,000	−19.4%	Report
Oct 31, 2025	Lisa C. McClainRepublican, House	Sale	$1,001 - $15,000	+31.6%	Report
Oct 30, 2025	Lisa C. McClainRepublican, House	Buy	$1,001 - $15,000	−32.5%	Report
Oct 30, 2025	Lisa C. McClainRepublican, House	Sale	$1,001 - $15,000	+32.5%	Report
Jun 17, 2025	Lisa C. McClainRepublican, House	Buy	$1,001 - $15,000	−42.7%	Report
Apr 7, 2025	Jefferson ShreveRepublican, House	Sale	$15,001 - $50,000	+3.4%	Report
Apr 1, 2025	Julie JohnsonDemocratic, House	Sale	$1,001 - $15,000	+11.9%	Report
Mar 5, 2025	Jefferson ShreveRepublican, House	Buy	$15,001 - $50,000	−11.3%	Report
Feb 12, 2025	Julie JohnsonDemocratic, House	Buy	$1,001 - $15,000	−35.7%	Report
Jan 14, 2025	Nancy PelosiDemocratic, House	Buy	$500,001 - $1,000,000	−42.5%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Vistra is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARVistra Corp.²
CIK0001692819
Employer ID (EIN)36-4833255¹⁹
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company¹⁹
Incorporated inDelaware¹⁹
Fiscal year endsDecember 31²
Industry code (SIC)4911 Electric Services²
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance²
Business address6555 Sierra Drive, Irving, TX 75039²
Phone214-812-4600²
Shares outstanding335,635,195 as of Aug 3, 2026¹⁷
Public float$65.3B as of Jun 30, 2025¹⁹
AuditorDeloitte & Touche LLP, Dallas, Texas PCAOB ID 34; it also attests to the company’s internal control over financial reporting¹⁹
On EDGAR sinceDec 23, 2016²
Filings1,007 in all: 4 (477), 8-K (166), 144 (77), 3 (58), 10-Q (29), 424B3 (29), SC 13G/A (29), 4/A (24)²
All 42 form types
425 (13), SC 13G (10), 10-K (9), DEF 14A (9), CORRESP (7), EFFECT (7), UPLOAD (7), 8-A12B (4), ARS (4), POS AM (4), S-8 (4), SCHEDULE 13G (4), CERT (3), S-1/A (3), 10-Q/A (2), 25-NSE (2), 8-K/A (2), DEFA14A (2), PRE 14A (2), S-3ASR (2), S-4 (2), S-4/A (2), SCHEDULE 13G/A (2), SEC STAFF LETTER (2), 10-K/A (1), 144/A (1), 424B2 (1), 424B5 (1), 5 (1), CERTNYS (1), FWP (1), RW (1), S-1 (1), S-3 (1)
Latest filingsAnnual report (10-K) Feb 27, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Mar 18, 2026
Latest 8-K (8-K) Oct 5, 2026

Securities registered for trading

Class	Symbol	Exchange
Common stock, par value $0.01 per share	VST	New York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).¹⁹

Risk factors and legal proceedings

The risks Vistra names in Item 1A of its 10-K filed Feb 27, 2026: 48 risks under these headings, as written.¹⁹

Market, Financial, and Economic Risks
Regulatory and Legislative Risks
Operational Risks
Risks Related to Our Structure and Ownership of our Common Stock
Market, Financial and Economic Risks
Our revenues, results of operations and operating cash flows generally are affected by price fluctuations in the wholesale power market and other market factors beyond our control.
We purchase natural gas, coal, fuel oil, and nuclear fuel for our generation facilities, and higher than expected fuel costs, volatility, or disruption in these fuel markets may have an adverse impact on our costs, revenues, results of operations, financial condition and cash flows.
We have retired, announced planned retirements of, and may be forced to retire or idle additional underperforming generation units which could result in significant costs and have an adverse effect on our operating results.
Our assets or positions cannot be fully hedged against changes in commodity prices and Market Heat Rates, and hedging transactions may not work as planned, or counterparties may default on their obligations, which could have a material adverse impact on our business, financial condition, results of operations and cash flows.
We do not apply hedge accounting to our commodity derivative transactions, which may cause increased volatility in our quarterly and annual financial results.
If electricity demand does not grow at the rate expected, or if we are unable to execute on large load offtake opportunities, including under long-term power purchase or offtake agreements that we have entered into, our financial performance, growth opportunities, and stock price could be adversely impacted.
Competition, changes in market structure, and/or state or federal interference in the wholesale and retail power markets, together with subsidized generation, may have a material adverse effect on our financial condition, results of operations and cash flows.

The other 41 risks

Our results of operations and financial condition could be materially and adversely affected by energy market participants continuing to construct new generation facilities or expanding or enhancing existing generation facilities despite relatively low power prices and such additional generation capacity results in a reduction in wholesale power prices.
Economic downturns would likely have a material adverse effect on our businesses.
Our liquidity needs could be difficult to satisfy, particularly during times of uncertainty in the financial markets or during times of significant fluctuation in commodity prices, and we may be unable to access capital on favorable terms or at all in the future, which could have a material adverse effect on us. We currently maintain a mix of investment grade and non-investment grade credit ratings that could negatively affect our ability to access capital on favorable terms or result in higher collateral requirements, particularly if our credit ratings were to be downgraded in the future.
Our indebtedness could adversely affect our ability in the future to raise additional capital to fund our operations. It could also expose us to the risk of increased interest rates and limit our ability to react to changes in the economy, or our industry, as well as impact our cash available for distribution.
The agreements and instruments governing our debt, including the Vistra Operations Credit Facilities and indentures, contain restrictions and limitations that could affect our ability to operate our business, or liquidity, and results of operations, and any failure to comply with these restrictions could have a material adverse effect on us.
Certain obligations are required to be secured by letters of credit, surety bonds, first liens, or cash, which increase our costs. If we are unable to provide such security, it may restrict our ability to conduct our business, which could have a material adverse effect on us.
We may not be able to consummate the Cogentrix Transactions on the anticipated terms, on the anticipated timeline, or at all, which could adversely affect our business, financial condition, results of operation and stock price.
Following the completion of the Cogentrix Transactions, we may not realize the anticipated synergies and other expected benefits of the Cogentrix Transactions on the anticipated timeline or at all.
We may not be able to complete future acquisitions, including the pending Cogentrix Transactions, on favorable terms or at all, successfully integrate future acquisitions into our business, or effectively identify and invest in value-creating businesses, assets or projects, which could result in unanticipated expenses and losses or otherwise hinder or delay our growth strategy.
Our ability to achieve the expected growth of our Vistra Zero portfolio, consisting of our solar generation, battery ESS, and other renewables development projects, is subject to substantial capital requirements and other significant uncertainties.
Circumstances associated with potential divestitures could adversely affect our results of operations and financial condition.
If our goodwill, intangible assets, or long-lived assets become impaired, we may be required to record a significant charge to earnings.
Issuances or acquisitions of our common stock, or sales or dispositions of our common stock by stockholders, that result in an ownership change as defined in Internal Revenue Code (IRC) §382 could further limit our ability to use certain tax attributes and our federal net operating losses to offset our future taxable income.
Tax legislation initiatives or challenges to our tax positions, or potential future legislation or the imposition of new or increased taxes or fees, could have a material adverse effect on our financial condition, results of operations and cash flows.
Our businesses are subject to ongoing complex governmental regulations and legislation that have adversely impacted, and may in the future adversely impact, our businesses, results of operations, liquidity, financial condition, and cash flows.
We are required to obtain, and to comply with, government permits and approvals.
Our cost of compliance with existing and new environmental laws could have a material adverse effect on us.
We could be materially and adversely affected if new federal or state legislation or regulations are adopted to address global climate change, or if existing regulations are vacated, stayed, revised or re-proposed, that could require efforts that exceed or are more expensive than our currently planned initiatives or if we are subject to lawsuits for alleged damage to persons or property resulting from greenhouse gas emissions.
Luminant's mining operations are subject to RCT oversight.
Luminant's lignite mining reclamation activity will require significant resources as existing and retired mining operations are reclaimed over the next several years.
Litigation, legal proceedings, regulatory investigations or other administrative proceedings could expose us to significant liabilities and reputational damage that could have a material adverse effect on us.
Our retail businesses, which each have REP certifications that are subject to review of the public utility commissions in the states in which we operate, are subject to changing state rules and regulations that could have a material impact on the profitability of our business.
Volatile power supply costs and demand for power have and could in the future adversely affect the financial performance of our retail businesses.
Our retail operations are subject to significant competition from other REPs, which could result in a loss of existing customers and the inability to attract new customers.
Our retail operations rely on the infrastructure of local utilities or independent transmission system operators to provide electricity to, and to obtain information about, our customers. Any infrastructure failure could negatively impact customer satisfaction and could have a material adverse effect on us.
Cybersecurity attacks or technology systems failures could disrupt business operations and expose us to significant liabilities, reputational damage, loss of customers, and regulatory action.
We may suffer material losses, costs and liabilities due to operation risks, regulatory risks, and the risk of nuclear accidents arising from the ownership and operation of the nuclear generation facilities.
The operation and maintenance of power generation facilities and related mining operations are capital intensive and involve significant risks that could adversely affect our results of operations, liquidity and financial condition.
Operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and we may not have adequate insurance to cover these risks and hazards. Our employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of our operations.
We have been and may in the future be materially and adversely affected by obligations to comply with federal and state regulations, laws, and other legal requirements that govern the operations, assessments, storage, closure, corrective action, disposal and monitoring relating to CCR.
The availability and cost of emission allowances could adversely impact our costs of operations.
We have been and may in the future be materially and adversely affected by the effects of extreme weather conditions and seasonality.
Events outside of our control, including an epidemic or outbreak of an infectious disease may materially adversely affect our business.
Changes in technology, increased electricity conservation efforts, or energy sustainability efforts may reduce the value of our business, introduce new or emerging risks, and may otherwise have a material adverse effect on us.
We may potentially be affected by emerging technologies that may over time affect change in capacity markets and the energy industry overall.
The loss of the services of our "key" management and personnel could adversely affect our ability to successfully operate our businesses.
We could be materially and adversely impacted by strikes or work stoppages by our unionized employees.
Vistra is a holding company and its ability to obtain funds from its subsidiaries is structurally subordinated to existing and future liabilities of its subsidiaries.
Evolving expectations from stakeholders, including investors, on sustainability issues, including climate risk, and erosion of stakeholder trust or confidence could influence actions or decisions about our company and our industry and could adversely affect our business, operations, financial results or stock price.
We may not pay any dividends on our common stock in the future, and we may not realize the anticipated benefits of our share repurchase program.
Holders of our preferred stock may have interests and rights that are different from our common stockholders.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataVistra on Wikidata
2
SEC EDGARVistra filings on SEC EDGAR
3
WikipediaVistra on Wikipedia
4
GLEIFVistra LEI record (549300KP43CPCUJOOG15)
5
Yahoo FinanceVST quote
6
Company websiteVistra logo
7
SEC EDGARVistra filings on SEC EDGAR
8
WikipediaVistra on Wikipedia (revision used)
9
SEC EDGARVistra annual report, Exhibit 21 (subsidiaries)
10
Company websiteVistra photo
11
SEC EDGARVistra 10-K for fiscal 2025
12
SEC EDGARVistra 10-K for fiscal 2019
13
SEC EDGARVistra 10-K for fiscal 2020
14
SEC EDGARVistra 10-K for fiscal 2021
15
SEC EDGARVistra 10-K for fiscal 2022
16
SEC EDGARVistra 10-Q for fiscal 2026
17
SEC EDGARVistra 10-Q for fiscal 2026
18
SEC EDGARVistra 10-K for fiscal 2019
19
SEC EDGARVistra 10-K filed Feb 27, 2026: Item 2, Properties
20
SEC EDGARJames A. Burke, Chief executive officer
21
SEC EDGARCurtis A. Morgan, Chief executive officer
22
SEC EDGARScott A. Hudson, President
23
SEC EDGARJames A. Burke, President
24
SEC EDGARKristopher E. Moldovan, Chief financial officer
25
SEC EDGARJames A. Burke, Chief operating officer
26
SEC EDGARMargaret Montemayor, SVP, Chief Accounting Officer
27
SEC EDGARStacey H. Dore, EVP & Chief Strategy Officer
28
SEC EDGARScott A. Hudson, SVP and President Retail
29
SEC EDGARStephen J. Muscato, SVP & Chief Commercial Officer
30
SEC EDGARElizabeth Christine Dobry, VP and Controller
31
SEC EDGARCarrie Lee Kirby, Officer
32
SEC EDGARCurtis A. Morgan, Officer
33
SEC EDGARJames A. Burke, Officer
34
SEC EDGARSara Graziano, Officer
35
SEC EDGARStephanie Zapata Moore, Officer
36
SEC EDGARTerry L. Nutt, Officer
37
SEC EDGARRobert Charles Walters, Board member
38
SEC EDGARJohn William Pitesa, Board member
39
SEC EDGARJulie A. Lagacy, Board member
40
SEC EDGARArcilia Acosta, Board member
41
SEC EDGARLisa Crutchfield, Board member
42
SEC EDGARHilary E. Ackermann, Board member
43
SEC EDGARJohn R. Sult, Board member
44
SEC EDGARPaul M. Barbas, Board member
45
SEC EDGARBruce Zimmerman, Board member
46
SEC EDGARCyrus Madon, Board member
47
SEC EDGARGavin R. Baiera, Board member
48
SEC EDGARJeff D. Hunter, Board member
49
SEC EDGARJennifer Box, Board member
50
SEC EDGARBrian K. Ferraioli, Board member
51
SEC EDGARScott B. Helm, Board member
52
SEC EDGARStephanie Zapata Moore, General counsel
53
SEC EDGAREntered a material agreement; New debt or obligation
54
SEC EDGAREntered a material agreement; Other events
55
SEC EDGARResults of operations
56
SEC EDGAREntered a material agreement; New debt or obligation
57
SEC EDGAROther events
58
SEC EDGAREntered a material agreement; New debt or obligation
59
SEC EDGARResults of operations
60
SEC EDGARShareholder vote
61
SEC EDGAREntered a material agreement; New debt or obligation
62
SEC EDGARResults of operations
63
SEC EDGAREntered a material agreement; New debt or obligation
64
SEC EDGARRegulation FD disclosure
65
NasdaqNasdaq calendar
66
SEC EDGARVistra 8-K, Item 2.02 (results of operations)
67
SEC EDGARVistra 8-K, Item 2.02 (results of operations)
68
SEC EDGARVistra 8-K, Item 2.02 (results of operations)
69
SEC EDGARVistra 8-K, Item 2.02 (results of operations)
70
SEC EDGARVistra 8-K, Item 2.02 (results of operations)
71
SEC EDGARState Street Corporation SCHEDULE 13G on Vistra
72
SEC EDGARVANGUARD CAPITAL MANAGEMENT LLC SCHEDULE 13G on Vistra
73
SEC EDGARVANGUARD PORTFOLIO MANAGEMENT LLC SCHEDULE 13G on Vistra
74
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on Vistra
75
SEC EDGARQatar Investment Authority SCHEDULE 13G on Vistra
76
SEC EDGARFMR LLC SCHEDULE 13G/A on Vistra
77
SEC EDGARBlackRock SC 13G/A on Vistra
78
SEC EDGARBrookfield Corporation SC 13G/A on Vistra
79
SEC EDGARVistra proxy statement (DEF 14A), 2025 pay