VST · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

Vistra Corp. · 2026-11-09 · Importance 57 · Surprise 64 · In source text

Net cash provided by operating activities increased $1.692 billion to $4.330 billion in the nine months ended September 30, 2026, from $2.638 billion in the prior-year period. The increase reflected higher realized revenue net of fuel, including higher East capacity prices, higher Texas energy margins, Lotus-acquired plants, and Martin Lake Unit 1 returning to service. Net margin deposits posted in support of hedging decreased by $177 million, also contributing to the cash-flow improvement. The company said operating cash flows tend to be seasonal and weighted toward the second half of the year.

Key facts

• Net cash provided by operating activities was $4.330 billion for the nine months ended September 30, 2026, an increase of $1.692 billion from the prior-year period. source
• Vistra's cash provided by operating activities was $4.330 billion for the nine months ended September 30, 2026. source
• The increase in operating cash flow was partly driven by a $177 million decrease in net margin deposits posted to support Vistra's hedging strategy. source
• Vistra's operational cash flows tend to be seasonal and weighted toward the second half of the year. source

Impact estimates