VST · 8-K · 20260807PR000017

Guidance and Outlook

Vistra Corp. · 2026-08-07 · Importance 53 · Surprise 6 · In source text

Vistra reaffirmed its 2026 Ongoing Operations Adjusted EBITDA guidance range of $6.8 billion to $7.6 billion and Ongoing Operations Adjusted FCFbG guidance range of $3.925 billion to $4.725 billion. As of August 3, 2026, the company had hedged approximately 100% of expected generation volumes for 2026, 94% for 2027, and 72% for 2028. The hedging program supports the 2026 guidance and a previously announced 2027 Adjusted EBITDA midpoint opportunity range of $7.4 billion to $7.8 billion, while the ranges exclude potential benefits from the pending Cogentrix acquisition and signed Meta power purchase agreements.

Key facts

2026 guidance includes projected EBITDA before adjustments for Ongoing Operations of $7,280 million (low) to $8,080 million (high). source
The 2026 guidance Regulation G table prepared as of November 6, 2025 shows Ongoing Operations Adjusted EBITDA guidance low/high of $6,800 / $7,600 million and Adjusted free cash flow before growth guidance low/high of $3,925 / $4,725 million. source

Impact estimates

metric	direction	stage	expected	basis
operating_income	unclear	committed	—	2026 guidance includes projected EBITDA before adjustments for Ongoing Operations of $7,280 million (low) to $8,080 million (high).