---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-114425"
form_type: "8-K"
ticker: "VST"
cik: "0001692819"
company_name: "Vistra Corp."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:27:51.352891+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vistra Q1: GAAP loss $268M, Ongoing Ops EBITDA surges to $1.24B; 2025 outlook reaffirmed

## Summary
- GAAP Q1 Net Loss of $268M vs $18M income last year; Ongoing Ops Adjusted EBITDA rose to $1,240M from $810M.
- Reaffirmed 2025 guidance: Ongoing Ops Adj EBITDA $5.5-6.1B, cash flow $3.0-3.6B; 2026 midpoint >$6B.
- Share repurchases totaled ~$5.2B since Nov 2021; outstanding shares reduced ~30% to 339.3M; $1.5B authorization remains.
- New clean energy commitments: Newton coal-to-solar/storage (52MW), PPAs with Amazon (200MW) and Microsoft (405MW).
- Liquidity ~$3.9B; hedging 100% for 2025 and 90% for 2026.

## SEC filing metadata
- accession: 0001193125-25-114425
- form_type: 8-K
- ticker: VST
- cik: 0001692819
- company_name: Vistra Corp.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692819/000119312525114425/0001193125-25-114425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692819/000119312525114425/d932115d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-114425
- JSON: https://secwatch.observer/filing/0001193125-25-114425.json
- Plain text: https://secwatch.observer/filing/0001193125-25-114425.txt

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