earnings
confidence high
sentiment positive
materiality 0.85
Vistra FY2025 Adj EBITDA $5.912B beats guidance; FY2026 outlook $6.8-7.6B; secures ~3.8 GW nuclear PPAs
Vistra Corp.
2025-FY EPS reported
$2.18
revenue$17,738,000,000
- Ongoing Operations Adj EBITDA $5.912B for FY2025, +$269M YoY, exceeding midpoint guidance by ~$112M.
- 2026 guidance: Adj EBITDA $6.8-7.6B; Adj FCFbG $3.925-4.725B; 2027 midpoint $7.4-7.8B (ex Cogentrix & Meta PPAs).
- Signed ~3,800 MW nuclear PPAs: 1,200 MW with AWS at Comanche Peak; 2,600 MW with Meta at PJM; supports 20-year license renewal.
- Announced Cogentrix Energy acquisition (~5,500 MW nat gas), closing mid-to-late 2026; closed Lotus (2,600 MW) in Nov 2025.
- Share repurchases ~$5.9B since 2021; shares outstanding ~337M (30% reduction); $1.8B authorization remaining, expected by 2027.