Vistra Corp.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

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

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Contents

Consolidated Statements of Operations

(Millions of Dollars, Except Share Data)

	Year Ended December 31,
	2025	2024	2023
Operating revenues	$17,738	$17,224	$14,779
Fuel, purchased power costs, and delivery fees	(9,101)	(7,285)	(7,557)
Operating costs	(2,803)	(2,414)	(1,702)
Depreciation and amortization	(1,986)	(1,843)	(1,502)
Selling, general, and administrative expenses	(1,714)	(1,601)	(1,308)
Impairment of long-lived assets	(228)	—	(49)
Operating income	1,906	4,081	2,661
Other income, net	394	291	243
Interest expense and related charges	(1,179)	(900)	(740)
Impacts of Tax Receivable Agreement	2	(5)	(164)
Net income before income taxes	1,123	3,467	2,000
Income tax expense	(179)	(655)	(508)
Net income	944	2,812	1,492
Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest	—	(153)	1
Net income attributable to Vistra	944	2,659	1,493
Cumulative dividends attributable to preferred stock	(192)	(192)	(150)
Net income attributable to Vistra common stock	$752	$2,467	$1,343
Weighted average shares of common stock outstanding:
Basic	339,124,917	344,788,634	369,771,359
Diluted	345,656,067	352,567,060	375,193,110
Net income per weighted average share of common stock outstanding:
Basic	$2.22	$7.16	$3.63
Diluted	$2.18	$7.00	$3.58

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.