Vistra Q1 2026 Adjusted EBITDA rises 20% to $1.49 billion; guidance reaffirmed

Vistra reported first-quarter 2026 Ongoing Operations Adjusted EBITDA of $1,494 million, up $254 million from a year earlier, driven by higher realized power and capacity prices and the Lotus gas plants. Retail weakened on mild weather, while Texas and East both rose sharply. The company reaffirmed its 2026 guidance and said it had hedged about 98% of expected 2026 generation.

• Ongoing Operations Adjusted EBITDA $1,494 million versus $1,240 million in Q1 2025
• Segments: Texas $586 million, East $801 million, Retail $68 million, West $56 million
• GAAP net income $1,029 million, including a $723 million unrealized hedge gain
• Hedged about 98% of 2026, 89% of 2027 and 65% of 2028 generation as of May 1
• 2026 guidance reaffirmed

SEC filing 8-K · accession 0001692819-26-000011 · sec.gov ↗