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Vistra VST Q2 2026 earnings

Reported August 7, 2026 · Before market open

Revenue$4.0BMiss by $1.4B
EPS$0.76Miss by $0.85
Revenue estimate$5.5B
EPS estimate$1.61
“The Vistra team delivered another strong quarter, building on our momentum from the start of the year and continuing to execute at a high level. I'm incredibly proud of our employees across the company - through their commitment, collaboration, and focus on serving our customers, Vistra delivered a more than 30% year-over-year increase in Ongoing Operations Adjusted EBITDA. From our generation team maintaining a reliable fleet, to our commercial and retail teams navigating dynamic market conditions and delivering solutions for customers, these results reflect the hard work and dedication of our people.”
Jim Burke

Next report

Nov 6, 2026 (in a month)
Revenue estimate$7.2B
EPS estimate$2.89

Financials

Q2 2026

Income statement

See full
Revenue$4.0B-5.5%
Operating income$553.0M+7.4%
Net income$305.0M-6.7%
EPS (diluted)$0.76-6.2%

Balance sheet

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Cash & equivalents$481.0M-2.8%
Total debt$19.6B+15.8%
Total equity$5.5B+13.7%
Total assets$42.6B+11.7%

Cash flow

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Operating cash flow$1.0B+78.8%
CapEx$689.0M-0.1%
Free cash flow$334.0M+383%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$46.91B-31.7%
Enterprise value$66.02B-21.7%
P/E21.1×-38.5×
P/S2.4×-1.6×

Profitability

See full
Operating margin18.5%-0.8pp
Net margin11.6%-1.4pp
FCF margin11.7%+2.8pp

Returns & leverage

See full
Return on equity43.1%-2.8pp
Debt / equity3.6×+0.1×
Current ratio1×+0.1×

Segments

By product

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Retail energy charge in ERCOT$2.3B+2.1%
Retail energy charge in Northeast/Midwest$1.1B+37.6%
Wholesale generation revenue from ISO/RTO$620.0M+30.8%
Revenue from other wholesale contracts$303.0M+21.2%
Hedging revenues — realized$154.0M-63.9%

By segment

See full
Retail$3.6B+2.2%
Texas$1.4B-20.7%
East$954.0M-35.5%
West$79.0M+16.2%
Asset Closure--100%

FAQ

When did Vistra report Q2 2026 earnings?
Vistra (VST) reported Q2 2026 earnings on August 7, 2026 before market open.
What were Vistra's Q2 2026 revenue and EPS?
Vistra reported revenue of $4.0B and eps of $0.76 for Q2 2026.
Did Vistra beat estimates in Q2 2026?
Revenue missed the consensus estimate of $5.5B by $1.4B. EPS missed the consensus estimate of $1.61 by $0.85.
How did Vistra's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 5.5% from $4.3B a year earlier and eps declined 6.2% from $0.81.
Where can I find Vistra's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001692819-26-000017) and the 10-Q periodic report (0001692819-26-000019) directly on SEC EDGAR. The filing index links above go to sec.gov.