VST · 10-Q · 2026Q3 · Full report
Operating Income and Margins
Vistra Corp. · 2026-11-09 · Importance 69 · Surprise 64 · In source text
Operating income for the nine months ended September 30, 2026 was $3.758 billion, compared with $1.432 billion in the same 2025 period, an increase of approximately 162%. Operating margin rose to approximately 23.5% of revenue from 10.9% a year earlier. Third-quarter operating income was $1.706 billion versus $1.037 billion, while quarterly revenue was $6.347 billion versus $4.971 billion.
Key facts
- Vistra's net income increased by $1.763 billion in the nine months ended September 30, 2026, compared with the same period in 2025. source
- Vistra's net income increased by $488 million in the three months ended September 30, 2026, compared with the same period in 2025. source
- Vistra reported $1.706 billion in operating income for the three months ended September 30, 2026. source
- Vistra reported $3.758 billion in operating income for the nine months ended September 30, 2026. source
- Vistra's net income attributable to Vistra was $1.140 billion for the three months ended September 30, 2026. source
- Vistra's net income attributable to Vistra was $2.474 billion for the nine months ended September 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +29.4% | Vistra's net income increased by $1.763 billion in the nine months ended September 30, 2026, compared with the same period in 2025. |
| net_income | positive | realized | +8.1% | Vistra's net income increased by $488 million in the three months ended September 30, 2026, compared with the same period in 2025. |