Filings monitor · VST

What Vistra Corp.'s SEC filings said

10-Q for 2026Q3, filed 9 Nov 2026. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Guidance and Outlook85 · importance in its document · 8-K exhibit · 6 Nov 2026
   Vistra raised and narrowed its 2026 Ongoing Operations Adjusted EBITDA guidance to $7.1 billion–$7.5 billion and Adjusted FCFbG guidance to $4.3 billion–$4.7 billion. For 2027, it initiated guidance of $7.7 billion–$8.5 billion in…
2. Liquidity and Cash Position83 · importance in its document · 10-Q · 2026Q3
   Available liquidity increased $6.140 billion to $8.923 billion at September 30, 2026, comprising $2.743 billion of cash and cash equivalents and $6.180 billion of availability under the Vistra Operations revolving and commodity-linked…
3. Capital Return Program78 · importance in its document · 8-K exhibit · 6 Nov 2026
   The board authorized an additional $1.5 billion of share repurchases, bringing remaining authorization to approximately $2.5 billion as of November 2, 2026, with completion expected by year-end 2028. Vistra reported approximately $6.7…
4. Cogentrix Acquisition75 · importance in its document · 8-K exhibit · 5 Nov 2026
   Vistra completed its acquisition of Cogentrix Energy on Oct. 30, 2026, purchasing 10 natural gas generation facilities with approximately 5,496 MW of capacity from funds managed by Quantum Capital Group; the release did not disclose a…
5. Operating Income and Margins69 · importance in its document · 10-Q · 2026Q3
   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%…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 9 Nov 2026

Full report · Filing on EDGAR

• Liquidity and Cash PositionImportance 83
  Available liquidity increased $6.140 billion to $8.923 billion at September 30, 2026, comprising $2.743 billion of cash and cash equivalents and $6.180 billion of availability under the Vistra Operations revolving and…
• Cogentrix AcquisitionImportance 71
  Vistra acquired Cogentrix on October 30, 2026, adding 10 natural gas generation facilities with approximately 5,500 MW of capacity across PJM, ISO-NE, and ERCOT. Consideration included approximately $2.2 billion in…
• Operating Income and MarginsImportance 69 · +1 more on this subject
  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…
• Receivables Facility CapacityImportance 59
  In July 2026, Vistra amended its Accounts Receivable Securitization Program to extend the facility through July 2027 and increase its purchase limit from $1.1 billion to $1.25 billion. There were no outstanding…
• Revenue Performance and MixImportance 59
  Nine-month operating revenue increased 21.7% to $16.004 billion from $13.154 billion in 2025. Retail revenue was $12.113 billion, Texas $7.260 billion, and East $5.044 billion, before $8.712 billion of eliminations;…
• Liquidity and Debt PositionImportance 59 · +1 more on this subject
  Long-term debt, including amounts due currently, increased to $21.146 billion at September 30, 2026, from $17.043 billion at December 31, 2025, a rise of approximately 24%. Vistra Operations debt before unamortized…
• Operating Cash Flow TrendsImportance 57
  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…
• Wholesale Power Price TrendsImportance 57
  Vistra reported materially higher average wholesale power prices in several PJM and MISO hubs in the third quarter of 2026 versus 2025: PJM Western Hub rose to $70.00/MWh from $46.82/MWh, PJM AEP Dayton to $60.45/MWh…
• Capacity Revenue BacklogImportance 56 · +1 more on this subject
  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…
• IRA Energy Tax CreditsImportance 53
  The U.S. Inflation Reduction Act (IRA), enacted in August 2022, provides a nuclear production tax credit (PTC) for existing nuclear facilities from 2024 through 2032, worth up to $15 per MWh subject to a…
• Generation Retirement and RepoweringImportance 52
  Vistra lists 3,928 MW of coal capacity with announced retirement dates: Baldwin and Kincaid by mid-to-end 2027, and Miami Fort by early 2028; Newton is also expected to retire by the end of 2027. Retirement timing may…
• Preferred Stock Redemption FinancingImportance 52
  In September 2026, Vistra Operations issued $850 million of Series A junior subordinated notes and $650 million of Series B notes, with net proceeds of approximately $1.485 billion. The proceeds, together with cash on…

8-K filings last 12 months

• Guidance issued6 Nov 2026 · 8-K Item 2.02 · Routine · rule score 25
  “Guidance ($ in millions) Narrowed 2026 Guidance Ranges Initiated 2027 Guidance Ranges Ongoing Operations Adjusted EBITDA $7,100 - $7,500 $7,700 - $8,500 Ongoing Operations Adjusted FCFbG $4,300 - $4,700 $4,300 - $5,100 As of Oct. 30,…”
  Read from the attached exhibit: Guidance and Outlook · Capital Return Program · Adjusted EBITDA Performance
• Equity issuance · Acquisition or disposal completed · New debt5 Nov 2026 · 8-K Items 2.01, 2.03, 3.02 · Routine · rule score 40
  Read from the attached exhibit: Cogentrix Acquisition · Generation Capacity Expansion
• New debt5 Oct 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Results (release not read)7 Aug 2026 · 8-K Item 2.02 · Routine · rule score 20
  Read from the attached exhibit: Operating Cash Flow Trends · Acquisition / Partnership / Divestiture · Capital Return Program
• New debt16 Jul 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• New debt30 Jun 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Results (release not read)7 May 2026 · 8-K Item 2.02 · Routine · rule score 20
• New debt28 Apr 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Results (release not read)26 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20
• New debt27 Jan 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Equity issuance5 Jan 2026 · 8-K Item 3.02 · Routine · rule score 40

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.