Vistra reported FY2025 revenue of $17.74 billion and Q1 2026 revenue of $5.64 billion, with the official record making power prices, hedging, generation reliability, capex and cash conversion the main proof points.
Vistra: the power-market cash machine with a fuel and capex stress test
NYSEVSTCoverage BootstrapVistra Corp.
Thesis summary
Vistra reported FY2025 revenue of $17.74 billion and Q1 2026 revenue of $5.64 billion, with the official record making power prices, hedging, generation reliability, capex and cash conversion the main proof points.
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