Quarterly ResultMay 7, 2026, 07:07 AM
Vistra Q1 Net Income $1.03B; Adjusted EBITDA $1.49B; Reaffirms 2026 Guidance
AI Summary
Vistra Corp. reported strong first-quarter 2026 financial results, with GAAP Net Income reaching $1,029 million and Ongoing Operations Adjusted EBITDA increasing to $1,494 million. The company reaffirmed its 2026 guidance ranges for Ongoing Operations Adjusted EBITDA and Adjusted Free Cash Flow before Growth. Vistra also highlighted the upgrade of its corporate issuer credit rating to Investment Grade by a second major agency, significant share repurchases, and progress on strategic initiatives like the Cogentrix acquisition and Meta power purchase agreements.
Key Highlights
- Q1 2026 GAAP Net Income was $1,029 million, a $1,297 million increase from Q1 2025.
- Q1 2026 Ongoing Operations Adjusted EBITDA was $1,494 million, up $254 million from Q1 2025.
- Reaffirmed 2026 Ongoing Operations Adjusted EBITDA guidance range of $6.8 billion to $7.6 billion.
- Reaffirmed 2026 Ongoing Operations Adjusted FCFbG guidance range of $3.925 billion to $4.725 billion.
- Corporate issuer credit rating upgraded to Investment Grade by a second major credit rating agency.
- Executed ~$6.3 billion in share repurchases since November 2021, reducing shares outstanding by ~30%.
- Total available liquidity as of March 31, 2026, was approximately $4,173 million.