Vistra reports FY results

Vistra press release (VST): FY Adjusted EBITDA of $645M
Revenue of $17.74B (+3.0% Y/Y) misses by $1.89B.
GAAP full-year 2025 net income of $944 million, including an unrealized loss from hedges expected to settle in future years of $808 million, and cash flow from operations of $4,070 million.
Guidance

($ in millions)

2026 Guidance Ranges

Ongoing Operations Adjusted EBITDA

$6,800 – $7,600

Ongoing Operations Adjusted FCFbG

$3,925 – $4,725

Guidance

($ in millions)	2026 Guidance Ranges
Ongoing Operations Adjusted EBITDA	$6,800 – $7,600
Ongoing Operations Adjusted FCFbG	$3,925 – $4,725