Vistra Corp.

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 8, 2025

VST$133.92+7.3%Stored close · as of Nov 9, 2026

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Contents

PAGE
Glossary of Terms and Abbreviations	ii
Forward-Looking Statements	v
PART I.	FINANCIAL INFORMATION	1
Item 1.	Financial Statements (Unaudited)	1
		Condensed Consolidated Statements of Operations	1
		Condensed Consolidated Statements of Comprehensive Income (Loss)	1
		Condensed Consolidated Balance Sheets	2
		Condensed Consolidated Statements of Cash Flows	4
		Condensed Consolidated Statements of Changes in Equity	6
		Notes to Condensed Consolidated Financial Statements	8
			1. Business, Significant Accounting Policies, Significant Events, and Recent Developments	8
			2. Acquisitions	11
			3. Revenue	15
			4. Government Assistance	18
			5. Income Taxes	19
			6. Property, Plant, and Equipment	20
			7. Goodwill and Identifiable Intangible Assets and Liabilities	21
			8. Collateral Financing Agreement with Affiliate	22
			9. Debt, Credit Facilities, and Financings	23
			10. Derivatives	30
			11. Fair Value Measurements	35
			12. Asset Retirement Obligations	39
			13. Commitments and Contingencies	40
			14. Equity	47
			15. Earnings Per Share	49
			16. Segment Information	49
			17. Supplementary Financial Information	52
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	55
		Significant Activities and Events, and Items Influencing Future Performance	55
		Critical Accounting Policies and Estimates	58
		Results of Operations	58
		Financial Condition	69
		Commitments and Contingencies	74
		Changes in Accounting Standards	74
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	74
Item 4.	Controls and Procedures	76
PART II.	OTHER INFORMATION	77
Item 1.		Legal Proceedings	77
Item 1A.		Risk Factors	77
Item 2.		Unregistered Sales of Equity Securities and Use of Proceeds	77
Item 3.		Defaults Upon Senior Securities	78
Item 4.		Mine Safety Disclosures	78
Item 5.		Other Information	78
Item 6.		Exhibits	79
SIGNATURE				81

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.

About this filing

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