VST · 8-K · 20261106PR000023

Adjusted EBITDA Performance

Vistra Corp. · 2026-11-06 · Importance 77 · Surprise 64 · From source text

Third-quarter Ongoing Operations Adjusted EBITDA increased 50.4% to $2.378 billion from $1.581 billion a year earlier. The $797 million increase was attributed primarily to higher realized energy and capacity prices, three months’ contribution from Lotus-acquired plants, and Martin Lake Unit 1’s return to operation. Texas EBITDA rose to $1.227 billion from $784 million, and East rose to $979 million from $719 million; Retail increased to $98 million from $37 million. Nine-month Ongoing Operations Adjusted EBITDA was $5.639 billion versus $4.170 billion.

Key facts

• Vistra Corp. third-quarter 2026 Ongoing Operations Adjusted EBITDA was $2,378 million, more than 50% above third-quarter 2025. source
• Vistra Corp.'s third-quarter 2026 Ongoing Operations Adjusted EBITDA increased $797 million year over year, primarily due to higher realized energy and capacity prices, three months' contribution from Lotus-acquired plants, and Martin Lake Unit 1 returning to operational status. source
• Vistra Corp. reported third-quarter 2026 Ongoing Operations Adjusted EBITDA of $2,378 million versus $1,581 million in third-quarter 2025, and nine-month 2026 of $5,639 million versus $4,170 million in 2025. source

Impact estimates