Vistra Corp. Earnings Recaps
Q3 2025
Nov 8, 2025
Vistra's robust third quarter 2025 results highlight significant advancements in operational execution and growth strategies, including acquisitions and new power agreements, positioning the company for sustainable future profitability.
Key takeaways
- Adjusted EBITDA guidance for 2025 narrowed to $5.7 billion to $5.9 billion, with adjusted free cash flow before growth expected at $3.3 billion to $3.5 billion.
- Introduced 2026 adjusted EBITDA guidance of $6.8 billion to $7.6 billion, driven by strong performance from recently acquired assets.
- Secured a landmark 20-year power purchase agreement at Comanche Peak, ensuring operational stability through at least the mid-2050s.
- Maintained a robust commercial performance with a generation fleet availability of approximately 93% and a nuclear capacity factor of 95%.
- Continued strong growth in retail customer count, credited to enhanced service and brand portfolio in the Texas market.