Vistra Corp. reports Q3 2026 earnings and raises 2026‑2027 outlook
Vistra Corp. posted third‑quarter 2026 revenue of $6.35 billion, a 27.7% year‑over‑year increase, and diluted EPS of $3.23, up 84.6% YoY. The company said higher Texas energy prices, the Lotus Acquisition plants and the return of Martin Lake Unit 1 drove the growth, while a $269 million Moss Landing battery impairment and lower nuclear decommissioning trust income offset some gains. Management raised its adjusted EBITDA guidance for 2026 to $7.1‑$7.5 billion and for 2027 to $7.7‑$8.5 billion, and increased its adjusted free‑cash‑flow‑before‑growth targets to $4.3‑$4.7 billion for 2026 and $4.3‑$5.1 billion for 2027.
Why it matters
The higher guidance suggests stronger cash generation and earnings potential, which could affect Vistra’s valuation and dividend capacity. The raised outlook also reflects confidence in recent acquisitions, such as Cogentrix, and may influence investor expectations for future share repurchases.
Key facts
- 1Q3 2026 revenue was $6.35 billion, up 27.7% from $4.97 billion a year earlier. tradingview.com
- 2Diluted EPS for the quarter was $3.23, an increase of 84.6% from $1.75 per share. tradingview.com
- 3Texas segment net income rose to $1.863 billion from $823 million in the prior quarter. tradingview.com
- 4Vistra recorded a $269 million impairment on its 350 MW Moss Landing battery facility. tradingview.com
- 5Adjusted EBITDA for Q3 2026 was $2.378 billion, described as a record quarter. zacks.com
- 6Vistra narrowed its 2026 adjusted EBITDA guidance to $7.1‑$7.5 billion and adjusted free cash flow before growth to $4.3‑$4.7 billion. zacks.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.