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Vistra Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Vistra holds $41.3B in total assets. Shareholders' equity is $5.6B against $19.2B in total debt. Cash and equivalents total $677.0M. The current ratio is 0.896 and debt-to-equity is 3.42. Based on the Q1 2026 filing.

Total Assets$41.3BTotal Stockholders Equity$5.6BLong Term Debt$19.2BCash And Equivalents$677.0MTotal Current Assets$9.0BTotal Current Liabilities$10.1B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$49.4B
P/E Ratio22.02
ROE43.01%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.5B$1.3B$1.3B$1.4B$1.6B$1.4B
Accrued interest$193M$244M$188M$225M$188M$287M
Accounts receivable financing$750M$1.1B$1.1B$1.2B$1.2B$750M
Derivative Instruments And Hedges Liabilities$3.4B$4.6B$4.1B$3.6B$4B$4.2B
Forward repurchase obligation due currently$703M$723M$682M$701M$632M$641M
Margin deposits related to commodity contracts$49M$5M$3M$3M$7M$11M
Other accrued liabilities$645M$606M$694M$687M$663M$604M
Current portion of long-term debt$0$1.4B$861M—$1.8B$0
Current Portion of Long-Term Debt and Finance Lease Obligations$880M$882M$230M$231M$1.2B$1.9B
Short-term borrowings$0$1.4B$861M—$1.8B$0
Total current liabilities$8.4B$9.8B$9.4B$8.4B$11.8B$10.1B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$2.1B$2B$2.3B$2.4B$2.4B$2.1B
Allowance for Doubtful Accounts$79M$75M$75M$104M$89M$73M
Cash and cash equivalents$1.2B$596M$495M$638M$822M$677M
Derivative Instruments And Hedges$2.6B$3.3B$3B$2.6B$2.8B$3.2B
Margin Deposit Assets$406M$579M$728M$721M$1.1B$1.1B
Margin deposits posted under affiliate financing agreement$435M$446M$445M$450M$444M$446M
Prepaid expenses and other current assets$523M$596M$678M$647M$654M$629M
Restricted cash$28M$29M$31M$30M$31M$37M
Total current assets$8.1B$8.4B$8.5B$8.4B$9.2B$9B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)$20M$20M$19M$20M$17M$17M
Additional paid-in capital$9.4B$9.4B$9.5B$9.5B$9.5B$9.5B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$5M$5M$5M$5M$5M$5M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$2.5B$2.5B$2.5B$2.5B$2.5B$2.5B
Retained earnings-$454M-$835M-$642M-$107M-$12M$903M
Total liabilities and stockholders' equity$37.8B$38.2B$38.1B$38B$41.6B$41.3B
Total stockholders' equity$5.6B$4.8B$4.8B$5.2B$5.1B$5.6B
Treasury stock$5.9B$6.2B$6.5B$6.7B$6.9B$7.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset retirement obligations$142M$136M$146M$202M$181M$185M
Debt Instrument Repurchased Face Amount$1.3B—$1.3B$1.3B$632M$641M
Long-term debt$16.3B$16.3B$15.8B$16B$17B$19.2B
Long-Term Debt and Finance Lease Obligations$15.4B$15.4B$15.5B$15.8B$15.8B$17.3B
Other Debt Including Capitalized Leases$55M$55M$55M$55M$46M$46M
Other non-current liabilities$1.3B$1.2B$1.3B$1.5B$1.5B$1.4B
Total Carrying Value of Debt$16.5B$16.5B$15.9B$16.1B$17.2B$19.3B
Total liabilities$32.2B$33.4B$33.3B$32.8B$9M$40M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$1.2B$1.7B$1.5B$1.4B$1.5B$1.6B
Goodwill$2.8B$2.8B$2.8B$2.8B$2.8B$2.8B
Deferred tax assets$9M$9M$9M$9M$239M$239M
Derivative Instruments And Hedges Noncurrent$740M$769M$593M$604M$405M$412M
Intangible assets — net$872M$980M$911M$756M$1.1B$1B
Other intangible assets—net$2.2B$2.3B$2.3B$2.1B$2.4B$2.4B
Other non-current assets$1.2B$1.7B$1.5B$1.4B$1.5B$1.6B
Strategic investments$4.5B$4.5B$4.8B$5B$5.1B$5B
Property, plant and equipment, net$18.2B$17.7B$17.7B$17.7B$19.8B$19.9B
Accumulated depreciation$8B$8.4B$8.5B$8.9B$9.3B$9.7B
Total property and equipment, gross$26.6B$26.7B$26.8B$27.3B$29.9B$30.4B
Property and equipment, net$18.2B$17.7B$17.7B$17.7B$19.8B$19.9B
Software and Technology Licenses, Net$1.2B$1.7B$1.5B$1.4B$1.5B$1.6B
Total assets$37.8B$38.2B$38.1B$38B$41.6B$41.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Line of Credit Remaining Borrowing Capacity—$3.3B$2.2B$3.1B—$3.5B
Property and other taxes, including payroll$209M$101M$143M$180M$224M$114M
Allowance for doubtful accounts$79M$75M$75M$104M$89M$73M
Asset Retirement Obligation$4.1B$4.1B$4.1B$4.1B$4.2B$4.2B
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)1.8B1.8B1.8B1.8B1.8B1.8B
Common Stock, Shares, Outstanding339.8M340M339.1M338.7M338.1M338.1M
Construction work in progress$1.1B$1.4B$1.6B$2B$1.9B$1.8B
Long-term debt, gross$16.5B$16.5B$15.9B$16.1B$17.2B$19.3B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$171M$158M$151M$142M$153M$169M
Deferred income taxes$697M$512M$569M$765M$1B$1.2B
Commodity and other derivative contractual liabilities$1.4B$1.5B$1.4B$1.4B$1.7B$1.3B
Derivative Asset (Liability), Collateral, Obligation or Right to Return or Reclaim Cash. Offset-$183M-$314M-$502M-$505M-$884M-$823M
Derivative Asset (Liability), Fair Value, Gross Liability (Asset)$0$0$0$0$0$0
Derivative Asset (Liability), Subject to Master Netting Arrangement-$1.2B-$1.7B-$1.5B-$1.3B-$1.7B-$1B
Net fair value-$1.4B-$2B-$2B-$1.8B-$2.6B-$1.9B
Net Capacity (MW)—5163.005163.004578.00—4578.00
Finance Lease, Right-of-Use Asset, Accumulated Amortization$33M$35M$37M$39M$41M$43M
Property, plant and equipment$186M$186M$186M$186M$190M$197M
Finite-Lived Intangible Assets, Accumulated Amortization$2.6B$2.7B$2.8B$2.8B$2.8B$2.8B
2028—$80M$71M$73M—$64M
2030—$41M$33M$37M—$26M
Remainder of 2026—$237M$227M$218M—$177M
2027—$177M$170M$168M—$85M
2029—$59M$51M$53M—$44M
Gross Carrying Amount$3.5B$3.7B$3.7B$3.6B$3.8B$3.8B
Total identifiable intangible liabilities$155M$149M$144M$141M$138M$133M
Borrowings Outstanding—$3.5B$4.6B$3.9B—$3.9B
Letters of Credit Outstanding—$1.2B$1.3B$981M—$1.3B
Committed Revolving Credit Facilities—$8.7B$8.9B$9.1B—$9.1B
Long-Term Debt and Lease Obligation$15.4B$15.4B$15.5B$15.8B$15.8B$17.3B
Less: current maturities$880M$882M$230M$231M$1.2B$1.9B
Longterm Debt Percentage Bearing Variable Interest Amount—230000000000.0%230000000000.0%230000000000.0%—230000000000.0%
Margin deposits financing with affiliate$435M$446M$445M$450M$444M$446M
Noncontrolling interests in subsidiaries$13M$13M$13M$13M$13M$13M
Numbers of states in which entity operates—16.0016.0016.00—16.00
Other (including finance leases)$55M$55M$55M$55M$46M$46M
Preferred Stock Liquidation Preference$1000.00$1000.00$1000.00$1000.00$1000.00$1000.00
Preferred Stock, Shares Authorized100M100M100M100M100M100M
Preferred Stock, Shares Outstanding2.5M2.5M2.5M2.5M2.5M2.5M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$934M$755M$370M—$1.3B
Treasury stock, shares (in shares)209M211.4M213.3M214.2M215.6M217.9M
Unbilled Receivables$802M$737M$1.1B$924M$924M$785M