Vistra

VST

Market cap $58.9B

While the top- and bottom-line numbers for Vistra (VST) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NRG Energy edges out Vistra with stronger ROE, higher yield and better recent performance.

Vistra Corp. (VST) Q4 2025 Earnings Call Transcript

Vistra (NYSE: VST) delivered a record-setting full-year 2025 performance, with Ongoing Operations Adjusted EBITDA reaching $5.91 billion, surpassing the company's own original guidance midpoint by roughly $112 million.

No matter how transformative AI is, the sector faces two main challenges to its growth in the US.

Earnings Release Highlights GAAP full-year 2025 Net Income of $944 million, including an unrealized loss from hedges expected to settle in future years of $808 million, and Cash Flow from Operations of $4,070 million. Ongoing Operations Adjusted EBITDA1 of $5,912 million and Ongoing Operations Adjusted FCFbG1 of $3,592 million, exceeding the midpoint of the original guidance range by approximately $112 million and approximately $292 million, respectively.

Vistra's shares lag the industry after a Moss Landing setback, but rising data-center demand and bold acquisitions could reshape the outlook.

Vistra has a large generative capacity across its assets with growing EBITDA and solid margins. It has a low dividend yield even after a dip in price through late 2025.

VST heads into Q4 earnings with revenues seen up 32% and EPS up 120%, but a negative ESP clouds chances of a surprise beat.

Get a deeper insight into the potential performance of Vistra (VST) for the quarter ended December 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.