Vistra Corp. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Vistra Corp. (VST) delivered a dramatic Q1 2026 turnaround, with revenue surging 43.4% YoY to $5.64B and net income swinging to $1.03B from a prior-year loss of $268M, driven by strong power generation performance and improved operating leverage.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 43.4% YoY from $3.93B to $5.64B in Q1 2026, reflecting significantly higher realized power prices and increased generation volumes, consistent with elevated electricity demand trends across Vistra's key markets.
Operating income improved by $1.62B YoY, from a loss of $120M to a gain of $1.50B, pushing the operating margin to 26.6% from -3.1%. This dramatic swing reflects both revenue growth and improved cost management relative to the prior year's hedging and commodity cost pressures.
Operating cash flow reached $1.20B in Q1 2026, up 100.2% from $599M in Q1 2025, demonstrating strong cash conversion from improved earnings and working capital dynamics, which supports ongoing capital allocation priorities.
Revenue
$5.64B
++43.40% YoY
EPS (Basic)
$2.90
++411.83% YoY
Operating Income
$1.5B
++1349.17% YoY
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