Vistra Q2 profit falls as revenue rises; reaffirms 2025 EBITDA guidance
Vistra reported second-quarter 2025 operating revenues of $4,250 million, up from $3,845 million a year earlier, but GAAP net income fell to $327 million from $467 million and Ongoing Operations Adjusted EBITDA fell to $1,349 million from $1,412 million, which the company attributed mainly to higher plant outage costs. Vistra reaffirmed its 2025 Ongoing Operations Adjusted EBITDA guidance of $5.5 billion to $6.1 billion and raised its 2026 Adjusted EBITDA midpoint opportunity to more than $6.8 billion, excluding a planned acquisition of seven natural gas facilities of about 2,600 MW from Lotus Infrastructure Partners.
Key points
- Q2 2025 GAAP net income was $327 million, down $140 million from $467 million in Q2 2024.
- Ongoing Operations Adjusted EBITDA was $1,349 million, down $63 million from $1,412 million a year earlier.
- 2025 Ongoing Operations Adjusted EBITDA guidance of $5.5 billion to $6.1 billion was reaffirmed.
- Vistra signed a definitive agreement to acquire seven natural gas facilities of about 2,600 MW from Lotus Infrastructure Partners.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.