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Vistra VST Asset Closure — Selling, General and Administrative Expense

Other segment segments

Retail
$256M+5.3%
Texas
$59M+43.9%
East
$50M-13.8%
West
$3M+50.0%

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$632M+9.5%

Other financials

Income statement

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Revenue$5.6B+43.4%
Operating income$1.5B+1,349%
Net income$1.0B+484%
EPS (diluted)$2.87+409%

Balance sheet

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Cash & equivalents$677.0M+13.6%
Total debt$19.2B+6.7%
Total equity$5.6B+16.0%
Total assets$41.3B+8.1%

Cash flow

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Operating cash flow$1.2B+100%
CapEx$883.0M+15.0%
Free cash flow$316.0M+287%

Valuation

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Market cap$56.57B-9.9%
Enterprise value$75.06B-6.4%
P/E25.2×-0.6×
P/S2.9×-0.6×

Profitability

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Operating margin18.1%-3.3pp
Net margin11.5%-1.9pp
FCF margin9.3%-4.4pp

Returns & leverage

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Return on equity43%-3.3pp
Debt / equity3.4×-0.3×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Vistra in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: Vistra’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vistra's asset closure — selling, general and administrative expense?
Vistra (VST) reported asset closure — selling, general and administrative expense of $15M in Q1 2026.
How has Vistra's asset closure — selling, general and administrative expense changed year-over-year?
Vistra's asset closure — selling, general and administrative expense decreased by 11.8% year-over-year, from $17M to $15M.
What is the long-term trend for Vistra's asset closure — selling, general and administrative expense?
Over 3 years (2022 to 2025), Vistra's asset closure — selling, general and administrative expense has grown at a 14.5% compound annual growth rate (CAGR), from $44M to $66M.
What does asset closure — selling, general and administrative expense mean?
This represents the overhead costs associated with managing the Asset Closure business unit, including personnel, legal, and administrative support. It reflects the corporate effort required to oversee the decommissioning process and ensure regulatory adherence. These expenses are necessary to support the specialized teams managing site retirement.