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Vistra VST Hedging revenues — unrealized — Total revenues

Other product segments

Total other revenues
-$3.39B-244%
Intersegment sales
-$2.32B-8.5%
Retail energy charge in ERCOT
$1.89B-4.6%
Wholesale generation revenue from ISO/RTO
$1.38B+57.4%
Retail energy charge in Northeast/Midwest
$1.26B+21.2%
Intersegment sales — unrealized
-$1.07B-193%
Revenue from other wholesale contracts
$350M+5.7%
Capacity revenue from ISO/RTO
$122M+510%
Business interruption insurance proceeds
$6M
Hedging revenues — realized
-$3M-102%
Intangible amortization and other revenues
-$2M-100%
Transferable PTC revenues
$2M0.0%

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$784K+142%
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WKCUnrealized gains (losses) on hedge instruments
-$41.1M-1,481%
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UTZUnrealized gains (losses) on hedge instruments
$2.3M+136%
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ANFUnrealized gains (losses) on hedge instruments
$2.05M+116%
V2X logo
VVXUnrealized gains (losses) on hedge instruments
$1.73M+164%

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:Revenues.

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 hedging revenues — unrealized — total revenues?
Vistra (VST) reported hedging revenues — unrealized — total revenues of $636M in Q1 2026.
How has Vistra's hedging revenues — unrealized — total revenues changed year-over-year?
Vistra's hedging revenues — unrealized — total revenues increased by 224.0% year-over-year, from -$513M to $636M.
What is the long-term trend for Vistra's hedging revenues — unrealized — total revenues?
Over 3 years (2021 to 2025), Vistra's hedging revenues — unrealized — total revenues has grown at a -49.3% compound annual growth rate (CAGR), from -$5.87B to -$766M.
What does hedging revenues — unrealized — total revenues mean?
This metric represents the non-cash, mark-to-market gains or losses recognized from derivative financial instruments used to hedge commodity price risk. It reflects the accounting impact of changes in the fair value of open energy contracts that have not yet been settled. This figure is critical for understanding the volatility of earnings driven by market price fluctuations rather than operational performance.