{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-073364","form_type":"8-K","ticker":"VST","cik":"0001692819","company_name":"Vistra Corp.","filed_at":"2026-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.910830+00:00","generated_at":"2026-05-15T23:41:15.429528+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Vistra FY2025 Adj EBITDA $5.912B beats guidance; FY2026 outlook $6.8-7.6B; secures ~3.8 GW nuclear PPAs","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-073364","json":"https://secwatch.observer/filing/0001193125-26-073364.json","markdown":"https://secwatch.observer/filing/0001193125-26-073364.md","text":"https://secwatch.observer/filing/0001193125-26-073364.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692819/000119312526073364/0001193125-26-073364-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692819/000119312526073364/d21122d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:41:15.429528+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}