| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating revenues | NaN | NaN | 4,971 | 4,250 |
| Fuel, purchased power costs, and delivery fees | NaN | NaN | 2,370 | 1,974 |
| Operating costs | NaN | NaN | 655 | 733 |
| Depreciation and amortization | NaN | NaN | 460 | 541 |
| Selling, general, and administrative expenses | NaN | NaN | 444 | 419 |
| Net income before income taxes | NaN | 1,123 | NaN | NaN |
| Interest expenses and related charges | NaN | NaN | 286 | 303 |
| Total | NaN | 75 | 204 | 76 |
| Net income (loss) | 1,029 | 233 | 652 | 327 |
| Depreciation and amortization | 718 | 725 | 691 | 762 |
| Deferred income tax expense (benefit), net | 159 | 68 | 196 | 57 |
| Gain on sale of land | NaN | 0 | NaN | NaN |
| Impairment of long-lived and other assets | NaN | 155 | 5 | 68 |
| Unrealized net (gain) loss from mark-to-market valuations of commodities | 723 | -441 | 184 | 16 |
| Unrealized net (gain) loss from mark-to-market valuations of interest rate swaps | 16 | 17 | -10 | -26 |
| Unrealized net loss from nuclear decommissioning trusts | -111 | -26 | 90 | 89 |
| Change in asset retirement obligation liability | NaN | -20 | NaN | NaN |
| Asset retirement obligation accretion expense | 29 | 34 | 34 | 32 |
| Impacts of tax receivable agreement | NaN | -2 | NaN | NaN |
| Gain on tra repurchase and tender offers | NaN | 0 | NaN | NaN |
| Bad debt expense | 42 | 49 | 65 | 43 |
| Stock-based compensation expense | 32 | 31 | 36 | 25 |
| Involuntary conversion gain | NaN | 40 | 0 | 80 |
| Other, net | 12 | 83 | -23 | 44 |
| Accounts receivable trade | NaN | 528 | NaN | NaN |
| Inventories | NaN | 3 | NaN | NaN |
| Accounts payable trade | NaN | 16 | NaN | NaN |
| Commodity and other derivative contractual assets and liabilities | NaN | 102 | NaN | NaN |
| Margin deposits, net | -67 | 408 | -7 | 151 |
| Accrued interest | 99 | -36 | 37 | -56 |
| Accrued taxes other than income | -110 | 46 | 37 | 53 |
| Accrued employee incentive | -135 | 66 | 39 | 32 |
| Asset retirement obligation settlement | NaN | 96 | NaN | NaN |
| Major plant outage deferral | NaN | -7 | NaN | NaN |
| Other net assets | NaN | -88 | NaN | NaN |
| Other net liabilities | NaN | 220 | NaN | NaN |
| Other operating assets and liabilities | -2,788 | NaN | 886 | 1,993 |
| Cash provided by operating activities | 1,199 | 1,432 | 1,467 | 572 |
| Capital expenditures, including nuclear fuel purchases and ltsa prepayments | 883 | 836 | 458 | 690 |
| Acquisition (net of cash acquired)-Lotus Acquisition | NaN | 1,140 | NaN | NaN |
| Acquisition (net of cash acquired)-Energy Harbor | NaN | 0 | NaN | NaN |
| Lotus acquisition purchase price adjustment | -6 | NaN | 0 | 0 |
| Proceeds from sales of nuclear decommissioning trust fund securities | 1,821 | 1,033 | 1,096 | 917 |
| Investments in nuclear decommissioning trust fund securities | 1,822 | 1,039 | 1,103 | 923 |
| Proceeds from sales of environmental allowances | 121 | 218 | 32 | 4 |
| Purchases of environmental allowances | 160 | 678 | 119 | 85 |
| Insurance proceeds for recovery of damaged property, plant, and equipment | 186 | 127 | 25 | 173 |
| Proceeds from sales of property, plant, and equipment, including nuclear fuel | 28 | 98 | 21 | 0 |
| Proceeds from sales of transferable itcs | NaN | 0 | NaN | NaN |
| Other, net | -65 | 17 | -15 | 6 |
| Cash used in investing activities | -638 | -2,234 | -491 | -610 |
| Issuances of debt | 2,250 | 2,082 | 215 | 209 |
| Repayments/repurchases of debt | 115 | 1,820 | 7 | 751 |
| Net borrowings (repayments) under accounts receivable financing | -475 | 0 | 100 | 43 |
| Borrowings under revolving credit facility | 150 | 380 | 150 | NaN |
| Repayments under revolving credit facility | 530 | 0 | 150 | NaN |
| Borrowings under commodity-linked facility | NaN | 1,520 | 0 | 987 |
| Repayments under commodity-linked facility | 1,420 | 100 | 861 | 126 |
| Debt issuance costs | 26 | 21 | 2 | 0 |
| Stock repurchases | 372 | 252 | 187 | 252 |
| Dividends paid to common stockholders | 77 | 77 | 77 | 69 |
| Dividends paid to preferred stockholders | 21 | 75 | 21 | 75 |
| Dividends paid to noncontrolling and redeemable noncontrolling interest holders | NaN | 0 | 0 | 0 |
| Tax withholding on stock based compensation | 68 | NaN | 1 | 0 |
| Payment for acquisition of noncontrolling interest | NaN | 0 | NaN | NaN |
| Principal payment on forward repurchase obligation | NaN | 662 | 0 | 41 |
| Tra repurchase and tender offer return of capital | NaN | 0 | 0 | 0 |
| Other, net | -1 | -40 | 8 | 12 |
| Cash used in financing activities | -706 | 986 | -833 | -63 |
| Net change in cash, cash equivalents and restricted cash (current and noncurrent) | -145 | 184 | 143 | -101 |
| Cash, cash equivalents and restricted cash (current and noncurrent) beginning balance | 822 | 1,222 | 1,222 | 1,222 |
| Cash, cash equivalents and restricted cash (current and noncurrent) ending balance | 677 | 184 | 143 | -101 |
Vistra Corp. (VST)
Vistra Corp. (VST)