Vistra Transferable PTC revenues — Total revenues decreased by 97.4% to $2.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $2.00M to $2.00M. Over 2 years (FY 2023 to FY 2025), Transferable PTC revenues — Total revenues shows an upward trend with a 378.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates a growing reliance on government-subsidized renewable energy incentives or an expansion of the renewable generation fleet. A decrease may suggest a shift in generation mix, changes in tax credit eligibility, or fluctuations in the market price for transferred credits.
This metric represents the portion of total corporate revenue derived from the sale or transfer of Production Tax Credit...
Comparable to other utility and independent power producers (IPPs) that report 'tax equity' or 'transferable credit' income as a distinct revenue line item under the Inflation Reduction Act framework.
vst_segment_transferable_ptc_revenues_total_revenues| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.00M | $3.00M | $3.00M | $2.00M | $2.00M | $3.00M | $4.00M | $547.00M | $2.00M | $4.00M | $145.00M | $78.00M | $2.00M |
| QoQ Change | — | +50.0% | +0.0% | -33.3% | +0.0% | +50.0% | +33.3% | >999% | -99.6% | +100.0% | >999% | -46.2% | -97.4% |
| YoY Change | — | — | — | — | +0.0% | +0.0% | +33.3% | >999% | +0.0% | +33.3% | >999% | -85.7% | +0.0% |