Vistra Corp. (VST) FY2026 Q1 P&L / Income Statement

Revenue by Business Segment

2026-01-01 to 2026-03-31

Swipe to see the full flow
Vistra Corp. (VST) FY2026 Q1 P&L / Income StatementIncome statement for 2026-01-01 through 2026-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEOPERATINGPRE-TAXNETRetailTexasEastWestAsset ClosureOperating revenuesRevenue before reconciliation (calculated)EliminationsOperating income (loss)Operating expenses (calculated)Fuel, purchased power costs, and delivery feesOperating costsDepreciation and amortizationSelling, general, and administrative expensesNet income (loss) before income taxesOther income (expense), net (calculated)Net income (loss) attributable to VistraIncome tax (expense) benefitRevenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$9.03 BOperating income (loss)Operatingincome (loss)$1.50 BNet income (loss) before income taxesNet income (loss)before income taxes$1.21 BOperating revenuesOperating revenues$5.64 BNet income (loss) attributable to VistraNet income (loss)attributable to Vistra$1.03 BRetailRetail$3.69 BOperating expenses (calculated)Operating expenses(calculated)$4.14 BIncome tax (expense) benefitIncome tax(expense) benefit$183.00 MOther income (expense), net (calculated)Other income,net (calculated)−$287.00 MFuel, purchased power costs, and delivery feesFuel, purchased powercosts, and delivery fees$2.53 BTexasTexas$2.99 BOperating costsOperating costs$700.00 MEastEast$2.26 BDepreciation and amortizationDepreciation and amortization$484.00 MSelling, general, and administrative expensesSelling, general, andadministrative expenses$427.00 MWestWest$89.00 MEliminationsEliminations−$3.39 BAsset ClosureAsset Closure$6.00 M
Chart details

Vistra Corp. (VST) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Operating revenues
5,640,000,000 US dollars
Operating expenses (calculated)
4,141,000,000 US dollars
Operating income (loss)
1,499,000,000 US dollars
Other income (expense), net (calculated)
negative 287,000,000 US dollars
Net income (loss) before income taxes
1,212,000,000 US dollars
Income tax (expense) benefit
183,000,000 US dollars
Net income (loss) attributable to Vistra
1,029,000,000 US dollars
Retail
3,689,000,000 US dollars
Texas
2,987,000,000 US dollars
East
2,260,000,000 US dollars
West
89,000,000 US dollars
Asset Closure
6,000,000 US dollars
Fuel, purchased power costs, and delivery fees
2,530,000,000 US dollars
Operating costs
700,000,000 US dollars
Depreciation and amortization
484,000,000 US dollars
Selling, general, and administrative expenses
427,000,000 US dollars
Revenue before reconciliation (calculated)
9,031,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
Eliminations
negative 3,391,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
Vistra Corp. (VST) FY2026 Q1 Revenue by Business Segment Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Operating margin

26.6%

Operating profit / revenue

Cash conversion

116.5%

Operating cash / net income, same period

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!