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Vistra VST Transferable PTC revenues — 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%
Hedging revenues — unrealized
$636M+224%
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%

Similar metrics at other companies

WEC Energy Group logo
WECPTCs sold to third parties
$64.08M-4.8%
Primoris Services logo
PRIMValue Of Transferable Investment Tax Credits Purchased
$11.25M+12.5%
Merchants Bancorp logo
MBINPayments To Acquire Transferable Energy Tax Credits
$18.17M-49.1%
Dominion Energy logo
DRenewable Energy Investment Tax Credits — Revenue
$23M+130%
Tradeweb Markets Inc. logo
TWTransferable tax credits
$0-100%
Sunrun logo
RUNProceeds from transfer of investment tax credits
$340.11M-45.6%

Other financials

Income statement

See full
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

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

Returns & leverage

See full
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 transferable PTC revenues — total revenues?
Vistra (VST) reported transferable PTC revenues — total revenues of $2M in Q1 2026.
How has Vistra's transferable PTC revenues — total revenues changed year-over-year?
Vistra's transferable PTC revenues — total revenues decreased by 0.0% year-over-year, from $2M to $2M.
What is the long-term trend for Vistra's transferable PTC revenues — total revenues?
Over 2 years (2023 to 2025), Vistra's transferable PTC revenues — total revenues has grown at a 378.5% compound annual growth rate (CAGR), from $10M to $229M.
What does transferable PTC revenues — total revenues mean?
This metric represents the portion of total corporate revenue derived from the sale or transfer of Production Tax Credits (PTCs) generated by renewable energy assets. Under the Inflation Reduction Act, these credits provide a mechanism for energy producers to monetize tax incentives by transferring them to third parties. This revenue stream reflects the company's ability to capitalize on federal clean energy policy to enhance cash flow from its generation portfolio.