Vistra Corp

Latest Results (19.10.2025):

Vistra Corp reported its second quarter of 2025 financial results, showing a decrease in net income compared to the same period last year. Despite the decline, the company remains optimistic about its growth prospects, reaffirming its 2025 guidance and increasing its 2026 financial outlook through strategic expansions and robust hedging strategies.

Net Income Decreases in Q2 2025

For the quarter ended June 30, 2025, Vistra Corp reported a net income of $327 million, a decrease of $140 million compared to $467 million in Q2 2024. The decline was primarily driven by higher plant outage expenses, including Martin Lake Unit 1 and Moss Landing, as well as increased depreciation and amortization due to capital additions.

Strategic Expansion and License Extensions

Vistra solidified opportunities to expand its generation capacity by executing a definitive agreement to acquire a 2,600-MW natural gas generation fleet across multiple electricity markets. Additionally, the company received NRC approval to extend the license of its Perry Nuclear Power Plant in Ohio through 2046, ensuring all six of its nuclear reactors are licensed for a total of 60 years.

Reaffirmed 2025 Guidance and Enhanced 2026 Outlook

The company reaffirmed its 2025 guidance ranges, with ongoing operations adjusted EBITDA expected between $5,500 and $6,100 million and adjusted free cash flow before growth between $3,000 and $3,600 million. Vistra also increased its 2026 midpoint opportunity for ongoing operations adjusted EBITDA to over $6,800 million, supported by comprehensive hedging programs covering approximately 100% of expected generation volumes for 2025 and 95% for 2026.

Strong Liquidity Position

As of June 30, 2025, Vistra maintained a solid liquidity position with total available liquidity of approximately $2,618 million, including $458 million in cash and cash equivalents and $2,160 million available under its corporate revolving credit facility. This robust liquidity supports the company's ongoing operations and strategic initiatives.