Citable filing context
VST's research view summarizes recent SEC filing context, starting with debt_offering from Sep 24, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 24, 2026 | debt_offering | Vistra Operations completed an offering of $850 million in Series A and $650 million in Series B notes. |
| Aug 7, 2026 | earnings | Vistra Corp. reported second quarter 2026 net income of $305 million and reaffirmed its 2026 financial guidance. |
| Jul 16, 2026 | material_agreement | Vistra Corp. amended its receivables purchase agreement, increasing the commitment from $1.1 billion to $1.25 billion. |
| Aug 7, 2026 | Guidance: ongoing_operations_adjusted_ebitda | 6800.00 to 7600.00 |
| Aug 7, 2026 | Guidance: ongoing_operations_adjusted_fcfbg | 3925.00 to 4725.00 |
| May 7, 2026 | Guidance: ongoing_operations_adjusted_ebitda | 6800.00 to 7600.00 |
| Aug 10, 2026 | mda_quarterly | Vistra Corp. (VST) maintains an integrated business model across five segments: Retail, Texas, East, West, and Asset Closure. The company is currently executing a significant growth strategy focused on dispatchable power and data center support. Key developments include the pending acquisition of Cogentrix Energy (expected to close in late 2026), which adds 5,500 MW of natural gas capacity, and the recent Lotus Acquisition, which added 2,600 MW of gas generation. Vistra has also committed $1 billion to the KKR Helix Fund to support AI-driven infrastructure and data center development. Financially, Vistra achieved an investment-grade rating upgrade from S&P and Fitch in early 2026, leading to the release of collateral liens on its senior secured notes and credit facilities. The company is actively managing supply chain constraints and labor shortages that have impacted the timing and cost of solar and battery projects. Operational risks remain, notably regarding the Moss Landing energy storage facility, where a 2025 fire led to significant write-offs and ongoing remediation costs. Vistra continues to hedge its generation portfolio heavily, with 2026 volumes largely hedged, providing earnings stability. The company maintains a robust share repurchase program, with $1.22 billion remaining under its authorization as of August 2026. |
| May 8, 2026 | mda_quarterly | Vistra Corp. reported strong financial performance for the first quarter of 2026, with net income of $1.029 billion compared to a $268 million loss in the prior-year period. This improvement was driven largely by a $1.29 billion favorable swing in unrealized mark-to-market gains on commodity hedges and higher realized capacity and energy revenues. Adjusted EBITDA reached $1.475 billion, supported by the integration of the Lotus Acquisition, which added 2,600 MW of natural gas capacity across PJM, ISO-NE, NYISO, and CAISO. The company’s liquidity remains robust, bolstered by an investment-grade credit rating upgrade from S&P and Fitch in early 2026. This triggered a full release of collateral liens on senior secured notes and credit facilities. Vistra successfully issued $4.0 billion in senior unsecured notes in April 2026, using proceeds to retire higher-cost debt, including the $2.444 billion Term Loan B-3. Key strategic initiatives include the pending $2.3 billion acquisition of Cogentrix Energy (5,500 MW), expected to close in late 2026, and significant long-term power purchase agreements with Meta and AWS to supply carbon-free nuclear power. While the company faces ongoing supply chain constraints and regulatory scrutiny regarding environmental rules, it maintains a disciplined hedging strategy, with substantially all 2026 generation volumes hedged. |
Source: SEC EDGAR filing text and events; period Sep 24, 2026; filed Sep 24, 2026.
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