Vistra Corp.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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.
Mar 31, 2026 · Filed May 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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. Equity
- EQUITY
Common Stock
Common Stock Dividends
Dividends are subject to declaration by the Board and may be subject to numerous factors at the time of declaration. These factors include, but are not limited to, prevailing market conditions, Vistra's results of operations, financial condition and liquidity, Delaware law, and any contractual limitations, such as the cumulative dividend requirements described in the certificates of designation of our outstanding preferred stock. Dividends per common share totaled $0.2280 and $0.2235 for the three months ended March 31, 2026 and 2025, respectively.
In April 2026, the Board declared a quarterly dividend of $0.2290 per share of common stock that will be paid in June 2026.
Share Repurchase Program
In October 2021, the Board authorized a share repurchase program (Share Repurchase Program). Under this program, shares of the Company's common stock may be repurchased in open market transactions, privately negotiated transactions, or other means in accordance with federal securities laws. The timing, number, and value of shares repurchased will be determined at our discretion, considering factors such as capital allocation priorities, stock market price, general market and economic conditions, legal requirements, and compliance with debt agreements and preferred stock certificates of designation.
| Amount Authorized for Share Repurchases | |
|---|---|
| (in billions) | |
| Board Authorization Dates: | |
| October 2021 | $2.00 |
| August 2022 | 1.25 |
| March 2023 | 1.00 |
| February 2024 | 1.50 |
| October 2024 | 1.00 |
| October 2025 | 1.00 |
| Cumulative authorization at March 31, 2026 | $7.75 |
The following table provides information about our repurchases of common stock for the period between January 1, 2026 and May 1, 2026:
| $7.750 Billion Board Authorization | ||||
|---|---|---|---|---|
| Total Number of Shares Repurchased | Average Price Paid Per Share | Amount Paid for Shares Repurchased | Amount Available for Additional Repurchases at the End of the Period | |
| (in millions, except share amounts and price paid per share) | ||||
| Three Months Ended March 31, 2026 (a) | 2,373,546 | $159.82 | $379 | $1,621 |
| April 1, 2026 through May 1, 2026 | 912,690 | 157.30 | 144 | |
| January 1, 2026 through May 1, 2026 (a) | 3,286,236 | $159.12 | $523 | $1,477 |
(a)Shares repurchased include 57,811 and 48,235, respectively, of unsettled shares for $9 million and $8 million, respectively, as of March 31, 2026 and May 1, 2026, respectively.
Preferred Stock
The following is a summary of our cumulative redeemable preferred stock outstanding. In the event of liquidation or dissolution of the Company, the payment of dividends and the distribution of assets to preferred stockholders takes precedence over the Company's common stockholders.
| Preferred Stock Series | Issuance Date | Shares Issued | Shares Outstanding | Contractual Rates | Earliest Redemption Date (a) | Date at Which Dividend Rate Becomes Floating | Floating Annual Rates |
|---|---|---|---|---|---|---|---|
| Series A | October 15, 2021 | 1,000,000 | 1,000,000 | 8.000% | October 15, 2026 | October 15, 2026 | 5-Year U.S. Treasury rate (subject to floor of 1.07%) plus 6.93% |
| Series B | December 10, 2021 | 1,000,000 | 1,000,000 | 7.000% | December 15, 2026 | December 15, 2026 | 5-Year U.S. Treasury rate (subject to floor of 1.26%) plus 5.74% |
| Series C | December 29, 2023 | 476,081 | 476,066 | 8.875% | January 15, 2029 | January 15, 2029 | 5-Year U.S. Treasury rate (subject to floor of 3.83%) plus 5.045% |
(a)Subject to our right, in limited circumstances, to redeem preferred stock prior to the earliest redemption date.
Each series of preferred stock has a liquidation price of $1,000, plus accrued and unpaid dividends through their redemption date. Preferred stock is not convertible into or exchangeable for any other securities of the Company and has limited voting rights.
Preferred Stock Dividends
Preferred stock dividends are payable semiannually in arrears when declared by the Board. The following table summarizes preferred stock dividends paid per share for the three months ended March 31, 2026 and 2025.
| Three Months Ended March 31, | ||
|---|---|---|
| Preferred Stock Series | 2026 | 2025 |
| Series C Preferred Stock | $44.375 | $44.375 |
In February 2026, the Board declared a semi-annual dividend of $40.000 per share on Series A Preferred Stock that was paid in April 2026. In April 2026, the Board declared a semi-annual dividend of $35.000 per share of Series B Preferred Stock that will be paid in June 2026 and a semi-annual dividend of $44.375 per share of Series C Preferred Stock that will be paid in July 2026.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.