secwatch / observer

Vistra Corp. — fact timeline

Source-grounded facts extracted from Vistra Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

VST Vistra Corp. JSON
Earnings Releases

Vistra Corp. updated its fiscal year 2026 guidance (reaffirmed).

“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.”
Earnings Releases

Vistra Corp. reported quarter ended March 31, 2026 results: net income $1,029 million. Guidance reaffirmed.

“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.”
Debt Financings

Vistra Corp. incurred senior notes of $4.0 billion aggregate principal amount with Wilmington Trust, National Association at 4.550% per annum on the 2028 Notes, at a rate of 5.000% on the 2031 Notes, at a maturing October 30, 2028; April 30, 2031; April 30, 2033; April 30, 2036.

“completed its previously announced private offering (the “Offering”) of $4.0 billion aggregate principal amount of the Issuer’s senior notes, consisting of $500.0 million aggregate principal amount of the Issuer’s 4.550% senior notes due 2028 (the “2028 Notes”), $1.0 billion aggregate principal amount of the Issuer’s 5.000% senior notes due 2031 (the “2031 Notes”), $1.0 billion aggregate principal amount of the Issuer’s 5.250% senior notes due 2033 (the “2033 Notes”) and $1.5 billion aggregate principal amount of the Issuer’s 5.550% senior notes due 2036 (the “2036 Notes””
Material Agreements

Vistra Corp. entered into Indenture with Wilmington Trust, National Association valued at $4.0 billion aggregate principal amount (effective 2026-04-22).

“The Notes were issued under an indenture (the “Base Indenture”), dated as of April 22, 2026, by and between the Issuer and Wilmington Trust, National Association, as trustee”
Debt Financings

Vistra Corp. incurred senior notes of $2.250 billion aggregate principal amount with Wilmington Trust, National Association at 4.700% per annum on the 2031 Notes and 5.350% per annum on the 2036 Notes maturing January 31, 2031 for the 2031 Notes and January 31, 2036 for the 2036 Notes.

“On January 22, 2026, Vistra Operations Company LLC (“Vistra Operations” or the “Issuer”), an indirect, wholly owned subsidiary of Vistra Corp., a Delaware corporation (the “Company” or “Vistra”), completed its previously announced private offering (the “Offering”) of $2.250 billion aggregate principal amount of the Issuer’s senior secured notes, consisting of $1.0 billion aggregate principal amount of the Issuer’s 4.700% senior secured notes due 2031 (the “2031 Notes”), and $1.250 billion aggregate principal amount of the Issuer’s 5.350% senior secured notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Secured Notes”).”
Material Agreements

Vistra Corp. entered into Twenty-Third Supplemental Indenture with Wilmington Trust, National Association valued at $2.250 billion (effective 2026-01-22).

“completed its previously announced private offering (the "Offering") of $2.250 billion aggregate principal amount of the Issuer’s senior secured notes”
Material Agreements

Vistra Corp. entered into Debt Commitment Letter with Goldman Sachs Bank USA valued at Up to approximately $2.0 billion in senior secured bridge loans under a 364-day senior secured bridg (effective 2025-12-31).

“In connection with its entry into the Transaction Agreements, Buyer entered into a debt commitment letter, dated December 31, 2025, and related fee letters with Goldman Sachs Bank USA (“GSB”), pursuant to which, and subject to the terms and conditions set forth therein, GSB has committed to provide up to approximately $2.0 billion in an aggregate principal amount of senior secured bridge loans under a 364-day senior secured bridge loan credit facility (the “Acquisition Bridge Facility”).”
Material Agreements

Vistra Corp. entered into Agreement and Plan of Merger with Hamilton Holdings II, LLC valued at Approximately $2.3 billion in cash plus 5,000,000 shares of Vistra common stock valued at $185 per s (effective 2025-12-31).

“Concurrently with the execution of the Purchase Agreement, Buyer and TSVME LLC, a Delaware limited liability company and wholly owned subsidiary of Buyer (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”, and, together with the Purchase Agreement, the “Transaction Agreements”, and each a “Transaction Agreement”) with Hamilton Holdings II, LLC, a Delaware limited liability company and indirect subsidiary of the Acquired Company (the “Target Company”), and Seller solely for purposes of Article II of the Merger Agreement and in its capacity as Members’ Representative (as defined in the Merger Agreement).”
Material Agreements

Vistra Corp. entered into Purchase and Sale Agreement with Q-Generation Holdings, LLC valued at Approximately $2.3 billion in cash plus 5,000,000 shares of Vistra common stock valued at $185 per s (effective 2025-12-31).

“On December 31, 2025, Vistra Operations Company LLC, a Delaware limited liability company (“Buyer”) and an indirect wholly owned subsidiary of Vistra Corp. (“Vistra”), and, for the limited purposes set forth therein, Vistra, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Q-Generation Holdings, LLC (the “Seller”).”
M&A Transactions

Vistra Corp. completed an acquisition involving Lotus Infrastructure Partners (via NEP Holdco 1, L.L.C., NatGas Fund Holdings, L.L.C., SEIF III NatGas Holdings, L.L.C., and Edgewater Parent, LLC) for $1.9 billion (closed 2025-10-22).

“(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase”
Debt Financings

Vistra Corp. incurred senior notes of $2 billion aggregate principal amount with private placement qualified institutional buyers at 4.300% per annum on the 2028 Notes, 4.600% per annum on the 2030 Notes, 5.250% p maturing October 15, 2028 for the 2028 Notes, October 15, 2030 for the 2030 Notes, October 15, 2035 for the 2035 Notes.

“On October 10, 2025, Vistra Operations Company LLC ("Vistra Operations" or the "Issuer"), an indirect, wholly owned subsidiary of Vistra Corp., a Delaware corporation (the "Company" or "Vistra"), completed its previously announced private offering (the "Offering") of $2 billion aggregate principal amount of the Issuer's senior secured notes, consisting of $750 million aggregate principal amount of 4.300% senior secured notes due 2028 (the "2028 Notes"), $500 million aggregate principal amount of the Issuer's 4.600% senior secured notes due 2030 (the "2030 Notes"), and $750 million aggregate principal amount of the Issuer's 5.250% senior secured notes due 2035 (the "2035 Notes" and, together with the 2028 Notes and the 2030 Notes, the "Secured Notes").”

Stephen J. Muscato resigned as Executive Vice President and President of Vistra Wholesale Operations & Development at Vistra Corp..

“On November 19, 2024, Stephen J. Muscato notified Vistra Corp. (the “Company”) that, after more than 25 years of service, he will resign from his position as Executive Vice President and President of Vistra Wholesale Operations & Development effective January 1, 2025, and retire from the Company on or about April 1, 2025.”
Earnings Releases

Vistra Corp. reported the quarter ended March 31, 2024 results: net income $18 million.

“On May 8, 2024, Vistra Corp. (the “Company”) issued a news release announcing, among other matters, its financial results for the quarter ended March 31, 2024.”
Shareholder Votes

Vistra Corp. shareholders approved Ratification of the Selection of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for the Year Ending December 31, 2024 at the 2024-05-01 meeting.

“Proposal Five - Ratification of the Selection of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for the Year Ending December 31, 2024 . Voting results were as follows: For Against Abstain 318,479,492 6,595,792 187,008”
Shareholder Votes

Vistra Corp. shareholders approved Approval of an Amendment to the Company’s 2016 Omnibus Incentive Compensation Plan to Increase the Number of Shares Available for Issuance to Plan Participants at the 2024-05-01 meeting.

“Proposal Four – Approval of an Amendment to the Company’s Omnibus Incentive Plan to Increase the Number of Shares Available for Issuance to Plan Participants . Voting results were as follows: For Against Abstain Broker Nonvotes 297,393,823 10,435,667 822,129 16,610,673”
Shareholder Votes

Vistra Corp. shareholders approved Approval, on an Advisory Basis, whether the Advisory Stockholder Vote on the Compensation of Named Executive Officers Should Occur Every One, Two or Three Years at the 2024-05-01 meeting.

“Proposal Three - Approval, on an Advisory Basis, whether the Advisory Stockholder Vote on the Compensation of Named Executive Officers Should Occur Every One, Two or Three Years . Voting results were as follows: 1 yr 2 yrs 3 yrs Abstain Broker Nonvotes 298,543,802 470,539 9,435,372 201,905 16,610,673”
Shareholder Votes

Vistra Corp. shareholders approved Approval, on an Advisory Basis, of Named Executive Officer Compensation at the 2024-05-01 meeting.

“Proposal Two - Approval, on an Advisory Basis, of Named Executive Officer Compensation . Voting results were as follows: For Against Abstain Broker Nonvotes 304,395,966 3,365,159 890,494 16,610,673”
Shareholder Votes

Vistra Corp. shareholders approved Election of Directors at the 2024-05-01 meeting.

“Proposal One - Election of Directors - Voting results for Proposal One were as follows: Scott B. Helm: For Against Abstain Broker Nonvotes 307,368,437 1,085,691 197,491 16,610,673 Hilary E. Ackermann: For Against Abstain Broker Nonvotes 296,030,267 12,414,731 206,621 16,610,673 Arcilia C. Acosta: For Against Abstain Broker Nonvotes 306,756,347 1,689,237 206,035 16,610,673 Gavin R. Baiera: For Against Abstain Broker Nonvotes 307,741,030 705,076 205,513 16,610,673 Paul M. Barbas: For Against Abstain Broker Nonvotes 306,485,990 1,967,200 198,429 16,610,673 James A. Burke: For Against Abstain Broker Nonvotes 308,112,254 353,050 186,315 16,610,673 Lisa Crutchfield: For Against Abstain Broker Nonvotes 307,763,525 687,549 200,545 16,610,673 Julie A. Lagacy: For Against Abstain Broker Nonvotes 308,022,772 417,264 211,583 16,610,673 John W. (Bill) Pitesa: For Against Abstain Broker Nonvotes 308,353,454 98,667 199,498 16,610,673 John R. Sult: For Against Abstain Broker Nonvotes 307,759,299 689,6”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.