| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 634 | 785 | 602 | 458 |
| Restricted cash | 37 | 31 | 30 | 31 |
| Trade accounts receivable net | 1,984 | 2,323 | 2,327 | 2,229 |
| Inventories net-Materials And Supplies | 603 | 599 | NaN | NaN |
| Inventories | NaN | NaN | 970 | 965 |
| Inventories net-Fuel And Natural Gas Storage | 427 | 417 | NaN | NaN |
| Commodity and other derivative contractual assets | 3,186 | 2,793 | 2,634 | 2,950 |
| Margin deposits related to commodity contracts | 1,070 | 1,133 | 721 | 728 |
| Margin deposits posted under affiliate financing agreement | 446 | 444 | 450 | 445 |
| Prepaid expense and other current assets | 629 | 654 | 647 | 678 |
| Total current assets | 9,016 | 9,179 | 8,381 | 8,484 |
| Restricted cash | 6 | 6 | 6 | 6 |
| Investments | 5,001 | 5,091 | 5,008 | 4,752 |
| Property, plant, and equipment net | 19,876 | 19,846 | 17,725 | 17,736 |
| Goodwill | 2,810 | 2,810 | 2,810 | 2,810 |
| Gross carrying amount | 3,819 | 3,844 | 3,579 | 3,675 |
| Accumulated amortization | 2,797 | 2,750 | 2,823 | 2,764 |
| Net | 1,022 | 1,094 | 756 | 911 |
| Retail trade names (not subject to amortization) | 1,341 | 1,341 | 1,341 | 1,341 |
| Identifiable intangible assets net | 2,363 | 2,435 | 2,097 | 2,252 |
| Commodity and other derivative contractual assets | 412 | 405 | 604 | 593 |
| Accumulated deferred income taxes | 239 | 239 | 9 | 9 |
| Other noncurrent assets | 1,585 | 1,539 | 1,380 | 1,504 |
| Total assets | 41,308 | 41,550 | 38,020 | 38,146 |
| Short-term borrowings | 0 | 1,800 | NaN | 861 |
| Accounts receivable financing | 750 | 1,225 | 1,225 | 1,125 |
| Long-term debt due currently | 1,899 | 1,201 | 231 | 230 |
| Forward repurchase obligation due currently | 641 | 632 | 701 | 682 |
| Trade accounts payable | 1,359 | 1,644 | 1,362 | 1,276 |
| Commodity and other derivative contractual liabilities | 4,209 | 4,049 | 3,610 | 4,086 |
| Margin deposits related to commodity contracts | 11 | 7 | 3 | 3 |
| Accrued taxes other than income | 114 | 224 | 180 | 143 |
| Accrued interest | 287 | 188 | 225 | 188 |
| Asset retirement obligations | 185 | 181 | 202 | 146 |
| Other current liabilities | 604 | 663 | 687 | 694 |
| Total current liabilities | 10,059 | 11,814 | 8,426 | 9,434 |
| Margin deposits financing with affiliate | 446 | 444 | 450 | 445 |
| Long-term debt, less amounts due currently | 17,264 | 15,842 | 15,757 | 15,540 |
| Forward repurchase obligation, less amounts due currently | NaN | 0 | 613 | 613 |
| Commodity and other derivative contractual liabilities | 1,256 | 1,729 | 1,388 | 1,430 |
| Accumulated deferred income taxes | 1,201 | 1,049 | 765 | 569 |
| Asset retirement obligations | 4,046 | 4,035 | 3,944 | 3,953 |
| Retirement and other employee benefits | NaN | NaN | 200 | 203 |
| Identifiable intangible liabilities | NaN | NaN | 141 | 144 |
| Regulatory liability | NaN | NaN | 691 | 565 |
| Operating lease liabilities | NaN | NaN | 72 | 72 |
| Finance lease liabilities | NaN | NaN | 217 | 217 |
| Liability for third-party remediation | NaN | NaN | 8 | 7 |
| Accrued severance costs | NaN | NaN | 34 | 35 |
| Tax receivable agreement obligation | NaN | NaN | 9 | 12 |
| Other accrued expenses | NaN | NaN | 82 | 71 |
| Other noncurrent liabilities and deferred credits | 1,426 | 1,527 | 1,454 | 1,326 |
| Total liabilities | 35,698 | 36,440 | 32,797 | 33,310 |
| Preferred stock (100,000,000 shares authorized, 1,000 liquidation preference per share, 2,476,066 shares outstanding at both march 31, 2026 and december 31, 2025, respectively) | 2,476 | 2,476 | 2,476 | 2,476 |
| Common stock (par value 0.01 per share, 1,800,000,000 shares authorized, 338,079,954 and 338,059,635 shares outstanding at march 31, 2026 and december 31, 2025, respectively) | 5 | 5 | 5 | 5 |
| Treasury stock, at cost (217,923,088 and 215,599,525 shares at march 31, 2026 and december 31, 2025, respectively) | 7,303 | 6,925 | 6,675 | 6,485 |
| Additional paid-in-capital | 9,499 | 9,536 | 9,491 | 9,450 |
| Retained earnings (accumulated deficit) | 903 | -12 | -107 | -642 |
| Accumulated other comprehensive income | 17 | 17 | 20 | 19 |
| Stockholders' equity | 5,597 | 5,097 | 5,210 | 4,823 |
| Noncontrolling interest in subsidiary | 13 | 13 | 13 | 13 |
| Total equity | 5,610 | 5,110 | 5,223 | 4,836 |
| Total liabilities and equity | 41,308 | 41,550 | 38,020 | 38,146 |
Vistra Corp. (VST)
Vistra Corp. (VST)