Vistra Corp.

For the period ended Sep 30, 2025. Filed Nov 7, 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.

Sep 30, 2025 · Filed Nov 7, 2025

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

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Contents

PAGE
Glossary of Terms and Abbreviations	i
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	9
			1. Business, Significant Accounting Policies, Significant Events, and Recent Developments	9
			2. Acquisitions	12
			3. Revenue	16
			4. Government Assistance	20
			5. Income Taxes	20
			6. Property, Plant, and Equipment	21
			7. Goodwill and Identifiable Intangible Assets and Liabilities	22
			8. Collateral Financing Agreement with Affiliate	24
			9. Debt, Credit Facilities, and Financings	24
			10. Derivatives	33
			11. Fair Value Measurements	37
			12. Asset Retirement Obligations	42
			13. Commitments and Contingencies	43
			14. Equity	50
			15. Earnings Per Share	51
			16. Segment Information	52
			17. Supplementary Financial Information	55
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	57
		Significant Activities and Events, and Items Influencing Future Performance	57
		Critical Accounting Policies and Estimates	61
		Results of Operations	61
		Financial Condition	72
		Commitments and Contingencies	77
		Changes in Accounting Standards	77
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	77
Item 4.	Controls and Procedures	79
PART II.	OTHER INFORMATION	80
Item 1.		Legal Proceedings	80
Item 1A.		Risk Factors	80
Item 2.		Unregistered Sales of Equity Securities and Use of Proceeds	80
Item 3.		Defaults Upon Senior Securities	80
Item 4.		Mine Safety Disclosures	81
Item 5.		Other Information	81
Item 6.		Exhibits	81
SIGNATURE				83

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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