secwatch.observer — SEC 8-K summary
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Issuer:     Vistra Corp. (VST)
CIK:        0001692819
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001692819-26-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692819/000169281926000011/0001692819-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692819/000169281926000011/vistra-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001692819-26-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer