earnings
confidence high
sentiment positive
materiality 0.75
Vistra Q2 net income $305M; adjusted EBITDA up 30% YoY to $1,767M
Vistra Corp.
- GAAP Q2 net income $305M vs $327M YoY; includes $472M unrealized hedge loss.
- Ongoing Operations Adjusted EBITDA $1,767M, up 30%+ from $1,349M; Retail $773M, Texas $311M, East $642M.
- Reaffirmed 2026 guidance: Adj. EBITDA $6.8–7.6B; Adj. FCFbG $3.925–4.725B; hedged ~100% of 2026 volumes.
- Announced Helix Digital Infrastructure with KKR, KIA, NVIDIA; Vistra initial commitment up to $1.0B.
- FERC approved pending Cogentrix acquisition; ~$6.5B buybacks since Nov 2021; liquidity ~$6,295M.