Vistra (VST) Q3 2025: $652M Profit, 2026 EBITDA Outlook Raised to $6.8–$7.6B; Board Adds $1B Buyback
What Vistra reported today Vistra posted third‑quarter 2025 GAAP net income of $652 million and Ongoing Operations Adjusted EBITDA of $1.581 billion. Management said the year‑over‑year decline in GAAP profit primarily reflects lower unrealized mark‑to‑market gains on hedging positions and the Martin Lake Unit 1 outage, partially offset by recognition of nuclear production tax credit revenue and firmer capacity prices. PR Newswire Top line performance came in at $4.97 billion, about 21% lower than the prior year’s quarter. Investors Guidance: a bigger 2026, tighter 2025 On the call and in media briefings, Vistra linked the stronger 2026 outlook to expanding