---
schema_version: "secwatch.filing_event.v1"
accession: "0001692819-26-000011"
form_type: "8-K"
ticker: "VST"
cik: "0001692819"
company_name: "Vistra Corp."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:51:22.704434+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vistra Q1 Net Income $1,029M; reaffirms FY26 EBITDA guidance $6.8-$7.6B

## Summary
- GAAP net income of $1,029M vs. $(268)M YoY; includes $723M unrealized hedge gain.
- Ongoing operations adjusted EBITDA of $1,494M, up $254M YoY on higher capacity prices.
- Reaffirms FY26 guidance: adj. EBITDA $6.8-$7.6B; adj. FCFbG $3.925-$4.725B.
- Targets closing 5,500-MW Cogentrix gas portfolio acquisition in H2 2026; signed long-term PPAs with Meta at PJM nuclear sites.
- Fitch upgraded corporate credit to Investment Grade; ~$1.5B left in share buyback authorization.

## SEC filing metadata
- accession: 0001692819-26-000011
- form_type: 8-K
- ticker: VST
- cik: 0001692819
- company_name: Vistra Corp.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692819/000169281926000011/0001692819-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692819/000169281926000011/vistra-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692819-26-000011
- JSON: https://secwatch.observer/filing/0001692819-26-000011.json
- Plain text: https://secwatch.observer/filing/0001692819-26-000011.txt

## Key facts
- Earnings Releases
  Vistra Corp. reported quarter ended March 31, 2026 results: net income $1,029 million. Guidance reaffirmed.
  - Period: quarter ended March 31, 2026
  - Net income: $1,029 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: For the quarter ended March 31, 2026, Vistra reported Net Income of $1,029 million and Ongoing Operations Adjusted EBITDA 1 of $1,494 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000169281926000011/0001692819-26-000011-index.htm
- Earnings Releases
  Vistra Corp. updated its fiscal year 2026 guidance (reaffirmed).
  - Period: fiscal year 2026
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Reaffirmed 2026 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $6.8 billion to $7.6 billion and $3.925 billion to $4.725 billion, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000169281926000011/0001692819-26-000011-index.htm

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