VST · 10-Q · 2026Q3 · Full report
Capacity Revenue Backlog
Vistra Corp. · 2026-11-09 · Importance 56 · Surprise 24 · In source text
As of September 30, 2026, Vistra reported $7.847 billion of remaining performance obligations for fixed-fee capacity awarded through ISO/RTO auctions or contracted with customers. The obligations reflect minimum guaranteed capacity revenues and do not represent all capacity expected to be delivered. The disclosed obligations extend through 2031 and thereafter, indicating contracted capacity commitments across multiple future periods.
Key facts
- As of September 30, 2026, future fixed-fee capacity performance obligations totaled $7.847 billion. source
- The remaining performance obligations table reports $3.293 billion in total for the displayed capacity performance-obligation category. source
- Vistra's future fixed-fee capacity revenues are recognized when capacity-provision obligations to ISOs/RTOs or counterparties are fulfilled. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +111.3% | As of September 30, 2026, future fixed-fee capacity performance obligations totaled $7.847 billion. |
| revenue | positive | committed | +46.7% | The remaining performance obligations table reports $3.293 billion in total for the displayed capacity performance-obligation category. |