Vistra Corp.
For the period ended Jun 30, 2026. Filed Aug 10, 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.
Jun 30, 2026 · Filed Aug 10, 2026
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8. Property, Plant, and Equipment
- PROPERTY, PLANT, AND EQUIPMENT
Our property, plant, and equipment consist of our power generation assets, related mining assets, land, information systems hardware, capitalized corporate office lease space, and other leasehold improvements. Land and construction work in progress are not depreciated.
| June 30, 2026 | December 31,2025 | |
|---|---|---|
| (in millions) | ||
| Power generation and structures and office and other equipment | $25,814 | $25,084 |
| Land | 636 | 637 |
| Construction work in progress | 1,841 | 1,917 |
| Finance lease right-of-use assets | 192 | 190 |
| Nuclear fuel | 2,183 | 2,036 |
| Property, plant, and equipment — gross | 30,666 | 29,864 |
| Less accumulated depreciation | (9,981) | (9,273) |
| Less finance lease right-of-use assets accumulated amortization | (40) | (41) |
| Less accumulated amortization of nuclear fuel | (701) | (704) |
| Property, plant, and equipment — net | $19,944 | $19,846 |
Depreciation and amortization of property, plant, and equipment consisted of the following:
| Property, Plant, and Equipment · Condensed Consolidated Statements of Operations · Three Months Ended June 30, · Six Months Ended June 30, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2026 · 2025 · 2026 · 2025 | |||||||||
| (in millions) | |||||||||
| Power generation and structures and office and other equipment | Depreciation and amortization | $415 | $497 | $869 | $976 | ||||
| Finance lease right-of-use assets | Depreciation and amortization | 3 | 2 | 5 | 4 | ||||
| Nuclear fuel | Fuel, purchased power costs, and delivery fees | 116 | 122 | 242 | 237 | ||||
| Total property, plant, and equipment expense | $534 | $621 | $1,116 | $1,217 | |||||
Retirement and Repowering of Generation Facilities
Below are our operating facilities that have an announced retirement date. Operating results for generation facilities with defined retirement dates, excluding facilities that will be repowered to gas-fueled facilities, are included in our Asset Closure segment in the calendar year following the year in which the retirement occurs. The Moss Landing 300 MW and Moss Landing 100 MW battery facilities were transferred to the Asset Closure segment during the first quarter of 2025 and the fourth quarter of 2025, respectively, as we do not plan to return those assets to operations. See Note 9 for additional information.
| Facility | Location | ISO/RTO | Fuel Type | Net Capacity (MW) | Expected Coal Retirement Date | Segment |
|---|---|---|---|---|---|---|
| Baldwin | Baldwin, IL | MISO | Coal | 1,185 | By the end of 2027 (a) | East |
| Coleto Creek | Goliad, TX | ERCOT | Coal | 650 | By the end of 2026 | Texas |
| Kincaid | Kincaid, IL | PJM | Coal | 1,108 | By the end of 2027 (a) | East |
| Miami Fort | North Bend, OH | PJM | Coal | 1,020 | By the middle of 2028 | East |
| Newton | Newton, IL | MISO | Coal | 615 | By the end of 2027 (a) | East |
| Total | 4,578 | |||||
(a)Expected retirement dates may change if economic or other conditions dictate, or if we are required to continue running the plants for grid reliability reasons.
The Company intends to repower Coleto Creek and Miami Fort as gas-fueled facilities upon their retirements as coal-fueled facilities. We are currently evaluating the feasibility of repowering the other coal-fueled facilities with expected retirement dates in 2027 to gas-fueled facilities.
Impairment of Long-Lived Assets
In the three and six months ended June 30, 2025, we recognized impairment losses of approximately $68 million related to development projects we have no plans to complete.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.