---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-138876"
form_type: "8-K"
ticker: "VST"
cik: "0001692819"
company_name: "Vistra Corp."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:26:11.952475+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Vistra Q1 net income $698M, adj EBITDA $554M; reaffirms 2023 guidance, dividend raised 15%

## Summary
- Net income $698M vs loss of $284M YoY; Ongoing Operations net income $725M vs loss of $172M.
- Ongoing Operations Adj EBITDA $554M, up $13M YoY, driven by hedges and PJM bonus partially offset by mild weather.
- Reaffirmed 2023 guidance: Ongoing Operations Adj EBITDA $3.4B-$4.0B, Adj FCFbG $1.75B-$2.35B.
- Declared Q2 2023 dividend of $0.204/share, ~15% increase; ~$2.7B share repurchased since Nov 2021 (23% of shares).
- Energy Harbor acquisition on track for Q4 2023; ~86% of generation hedged for 2023-2025.

## SEC filing metadata
- accession: 0001193125-23-138876
- form_type: 8-K
- ticker: VST
- cik: 0001692819
- company_name: Vistra Corp.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692819/000119312523138876/0001193125-23-138876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692819/000119312523138876/d351861d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-138876
- JSON: https://secwatch.observer/filing/0001193125-23-138876.json
- Plain text: https://secwatch.observer/filing/0001193125-23-138876.txt

## Key facts
- Earnings Releases
  Vistra Corp. reported the quarter ended March 31, 2023 results: net income $698 million. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Net income: $698 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: On May 9, 2023, Vistra Corp. (the “Company”) issued a press release announcing, among other matters, its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000119312523138876/0001193125-23-138876-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.