Vistra posts $1.14 billion Q3 net income, lifts 2026 EBITDA outlook and launches 2027 guidance
Vistra Corp. reported third‑quarter 2026 net income of $1.14 billion, driven by a $559 million unrealized hedge gain. Adjusted EBITDA for ongoing operations rose more than 50% year over year to $2.378 billion. The company expanded its 2026 EBITDA target to $7.1‑$7.5 billion and added a 2027 outlook of $7.7‑$8.5 billion, while authorizing an extra $1.5 billion of share repurchases. It also closed the Cogentrix Energy acquisition, adding about 5,500 MW of natural‑gas capacity and began commercial operation of two solar facilities.
Why it matters
The higher EBITDA guidance raises the earnings baseline for investors, potentially supporting a higher valuation. The new share‑repurchase authorization could boost earnings per share if executed before year‑end 2028. The acquisition and new solar assets expand Visura’s generation mix, which may improve long‑term growth prospects.
Key facts
- 1Q3 2026 net income was $1,140 million, which included a $559 million unrealized gain from hedging positions. prnewswire.com
- 2Ongoing Operations Adjusted EBITDA increased to $2,378 million, more than 50% above the same quarter in 2025. prnewswire.com
- 3The 2026 EBITDA guidance range was raised to $7.1 billion – $7.5 billion. prnewswire.com
- 4Vistra initiated 2027 guidance for Ongoing Operations Adjusted EBITDA of $7.7 billion – $8.5 billion. prnewswire.com
- 5The board approved an additional $1.5 billion of share repurchases, expected to be used by the end of 2028. prnewswire.com
- 6Vistra completed the acquisition of Cogentrix Energy, adding roughly 5,500 MW of natural‑gas generation capacity. prnewswire.com
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.