Recent 8-K filings for VST

• May 7, 2026, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 9.01 ◈ Earnings Releases ×2

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

  GAAP net income of $1,029M vs. $(268)M YoY; includes $723M unrealized hedge gain.

• April 28, 2026, 7:59 PM ET debt materiality 0.60 neutral item 1.01item 2.03item 9.01 ◈ Debt Financings◈ Material Agreements

  Vistra Operations closes $4B senior notes offering; proceeds to repay 2027 notes and Term Loan B-3

  Four tranches: $500M 4.550% due 2028, $1.0B 5.000% due 2031, $1.0B 5.250% due 2033, $1.5B 5.550% due 2036.

• February 26, 2026, 6:59 PM ET earnings materiality 0.85 positive item 2.02item 9.01

  Vistra FY2025 Adj EBITDA $5.912B beats guidance; FY2026 outlook $6.8-7.6B; secures ~3.8 GW nuclear PPAs

  Ongoing Operations Adj EBITDA $5.912B for FY2025, +$269M YoY, exceeding midpoint guidance by ~$112M.

• January 27, 2026, 6:59 PM ET debt materiality 0.75 neutral item 1.01item 2.03item 9.01 ◈ Debt Financings◈ Material Agreements

  Vistra issues $2.25B senior secured notes to fund Cogentrix Energy acquisition

  Issued $1.0B of 4.700% notes due 2031 and $1.25B of 5.350% notes due 2036.

• January 9, 2026, 6:59 PM ET other material materiality 0.80 positive item 7.01

  Vistra signs 20-year PPAs with Meta to supply 2,609 MW nuclear power

  Signed 20-year PPAs with Meta for 2,609 MW of carbon-free nuclear power from Perry, Davis-Besse, and Beaver Valley plants.

• January 5, 2026, 6:59 PM ET M&A materiality 0.90 positive item 1.01item 3.02item 7.01item 9.01 ◈ Material Agreements ×3

  Vistra acquires Cogentrix Energy's 5,500 MW natural gas fleet for ~$4.0B net

  Vistra to buy 10 gas plants (5,496 MW) from Quantum Capital Group.

• December 17, 2025, 6:59 PM ET other material materiality 0.65 positive item 8.01

  Vistra clears 10,566 MW in PJM capacity auction at $333.44/MW-day for 2027/2028

  Total cleared capacity of approximately 10,566 MW across all PJM zones.

• November 6, 2025, 6:59 PM ET earnings materiality 0.90 positive item 2.02item 9.01

  Vistra Reports Q3 2025 Net Income of $652M, Narrows 2025 EBITDA Guidance to $5.7B-$5.9B

  Third quarter 2025 GAAP Net Income of $652 million and Ongoing Operations Adjusted EBITDA of $1,581 million.

• October 28, 2025, 7:59 PM ET M&A materiality 0.75 positive item 2.01item 7.01item 9.01 ◈ M&A Transactions

  Vistra completes $1.9B acquisition of seven natural gas plants (2,600 MW) from Lotus Infrastructure Partners

  Acquired 100% membership interests in seven modern natural gas generation facilities totaling ~2,600 MW capacity.

• October 15, 2025, 7:59 PM ET debt materiality 0.60 neutral item 1.01item 2.03item 9.01 ◈ Debt Financings

  Vistra closes $2B senior secured note offering with three tranches due 2028, 2030, 2035

  Issued $750M of 4.300% notes due 2028, $500M of 4.600% notes due 2030, and $750M of 5.250% notes due 2035.

• September 29, 2025, 7:59 PM ET other material materiality 0.65 positive item 8.01

  Vistra signs 20-year PPA for 1,200 MW carbon-free power from Comanche Peak

  20-year PPA with investment-grade customer for 1,200 MW of carbon-free power from Comanche Peak Nuclear Power Plant.

• August 7, 2025, 7:59 PM ET earnings materiality 0.70 neutral item 2.02item 9.01

  Vistra Q2 GAAP net income $327M; reaffirms 2025 EBITDA guidance $5.5-6.1B

  GAAP net income $327M vs $467M YoY; Ongoing Ops net income $370M; Ongoing Ops Adjusted EBITDA $1,349M.

• July 23, 2025, 7:59 PM ET other material materiality 0.60 neutral item 8.01

  Vistra clears ~10,314 MW in PJM 2026/2027 capacity auction at $329.17/MW-day

  Cleared 10,313.8 MW across all PJM zones at a uniform clearing price of $329.17 per MW-day.

• May 21, 2025, 7:59 PM ET M&A materiality 0.78 positive item 1.01item 7.01item 9.01

  Vistra to acquire 2.6 GW of natural gas assets from Lotus for $1.9B

  Seven natural gas facilities totaling 2,557 MW for $1.9B, or ~$743/kW; includes Fairless (1,320 MW), Manchester (510 MW), etc.

• May 7, 2025, 7:59 PM ET earnings materiality 0.80 neutral item 2.02item 9.01

  Vistra Q1: GAAP loss $268M, Ongoing Ops EBITDA surges to $1.24B; 2025 outlook reaffirmed

  GAAP Q1 Net Loss of $268M vs $18M income last year; Ongoing Ops Adjusted EBITDA rose to $1,240M from $810M.

• February 27, 2025, 6:59 PM ET earnings materiality 0.85 positive item 2.02item 9.01

  Vistra reports FY2024 Net Income $2.81B, Adj EBITDA $5.66B; reaffirms 2025 guidance

  GAAP FY2024 Net Income $2,812M ($2.8B), Cash from Ops $4,563M; Adj EBITDA $5,656M exceeded original guidance midpoint by $856M.

• December 9, 2024, 6:59 PM ET debt materiality 0.75 neutral item 1.01item 2.03item 9.01

  Vistra issues $1.25B senior secured notes in two tranches (5.050% due 2026, 5.700% due 2034)

  Issued $500M of 5.050% notes due 2026 and $750M of 5.700% notes due 2034.

• November 20, 2024, 6:59 PM ET leadership materiality 0.60 neutral item 5.02 ◈ executive_change

  Vistra EVP & President of Wholesale Ops Stephen Muscato to resign Jan 1, 2025, retire April 1

  Stephen J. Muscato resigns as EVP and President of Vistra Wholesale Operations effective Jan 1, 2025.

• November 19, 2024, 6:59 PM ET other material materiality 0.65 neutral item 1.01item 9.01

  Vistra modifies Avenue unit purchase terms, conditional on $1.25B notes offering

  Vistra enters letter agreement with Avenue; if $1.25B+ notes priced by Dec 20, Avenue's 15% Vistra Vision stake closes Dec 31, 2024 in single payment.

• November 7, 2024, 6:59 PM ET earnings materiality 0.90 positive item 2.02item 9.01

  Vistra Q3 net income $1,837M; raises 2024 EBITDA guidance; initiates 2025; $3.1B Vision acquisition

  GAAP net income $1,837M for Q3 2024, up $1,335M YoY; Ongoing Ops Adjusted EBITDA $1,444M.

• September 24, 2024, 7:59 PM ET M&A materiality 0.85 positive item 1.01item 8.01item 9.01

  Vistra to acquire remaining 15% stake in Vistra Vision for $3.248B, closing Dec. 31

  Vistra will pay $3.248B (NPV $3.085B at 6% discount) for Nuveen/Avenue's 15% interest in Vistra Vision.

• August 8, 2024, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01

  Vistra Q2 Net Income $467M, raises 2025 EBITDA midpoint by $200M to $5.2-5.7B

  Q2 2024 Net Income $467M; Ongoing Operations Adj EBITDA $1,414M, up $406M YoY.

• July 31, 2024, 7:59 PM ET other material materiality 0.75 positive item 8.01

  Vistra clears 10,255 MW in PJM capacity auction at $273.45/MW-day for 2025/2026

  Cleared 10,255 MW in PJM 2025/2026 capacity auction at weighted avg price of $273.45/MW-day.

• May 8, 2024, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 9.01 ◈ Earnings Releases

  Vistra Q1 Adj. EBITDA surges to $813M; raises Energy Harbor synergies, initiates 2024 guidance

  Q1 2024 Ongoing Ops Adj. EBITDA $813M, up $259M YoY from $554M.

Executive changes

Earnings & guidance

Materiality & sentiment trend

Max materiality 0.90 · Median 0.65 · Most common event debt

18 positive 0 negative 21 neutral

source · VST on sec.gov