Vistra reports Q3 2026 earnings beat, raises 2026‑27 EBITDA guidance and authorizes $1.5 bn share buyback
Vistra Corp. posted third‑quarter 2026 net income of $1.14 billion and revenue of $6.35 billion, with adjusted EBITDA of $2.378 billion, surpassing expectations. The company lifted its 2026 adjusted EBITDA midpoint to a range of $7.1 billion‑$7.5 billion and introduced 2027 guidance of $7.7 billion‑$8.5 billion. It also authorized an additional $1.5 billion of share repurchases through year‑end 2028. Analysts trimmed price targets, with CIBC lowering its target to $175 and Scotiabank to $169, citing Texas power‑price and data‑center risks.
Why it matters
The higher guidance signals stronger future earnings and cash flow, which could support dividend and capital‑return plans. However, the target cuts reflect market concerns over Texas regulatory and pricing headwinds, potentially limiting upside for investors.
Key facts
- 1Net income for Q3 2026 was $1.14 billion, up from $652 million a year earlier. pulse2.com
- 2Operating revenue for the quarter increased to $6.35 billion from $4.97 billion. pulse2.com
- 3Adjusted EBITDA for Q3 2026 was $2.378 billion. blockchain.news
- 4Vistra raised its 2026 adjusted EBITDA guidance midpoint to $7.1 billion‑$7.5 billion. pulse2.com
- 5The company initiated 2027 adjusted EBITDA guidance of $7.7 billion‑$8.5 billion. pulse2.com
- 6Vistra authorized an additional $1.5 billion of share repurchases through year‑end 2028. blockchain.news
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.