Filing Flows › Vistra (VST) › Q2 2026
Vistra (VST) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Vistra (VST) reported revenue of $4.0B for the second quarter 2026 (Q2 2026), -5% from a year earlier and -29% from the quarter before. Operating margin was 13.8%, net earnings $305M (7.6% of revenue).
Vistra, Q2 2026: revenue $4.0B (-6% year over year), operating margin 13.8%, net earnings $305M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | -29% | -5% |
| Operating profit | $553M | -63% | +7% |
| Net earnings | $305M | -70% | -7% |
| Operating cash flow | $1.0B | -15% | +79% |
| Free cash flow | $334M | +6% | — |
What changed
Revenue was $4.0B in Q2 2026, down 5% year over year and down 29% from the previous quarter. Retail energy charge in ERCOT was the largest line at 56% of revenue. Transferable PTC revenues lost $1.0M year over year (down 25%), 0% of the total change.
Operating profit was $0.55B, a 13.8% margin (up 1.6 points year over year). Total costs fell 7% while revenue fell 5%. Net earnings were $0.30B, down 7% year over year. The effective tax rate was 28.6%.
Operating cash flow was $1.0B (up 79% year over year), 335% of net earnings. Non-cash charges added back $0.65B of depreciation and amortization and $0.04B of share-based compensation. Capital expenditures of $0.69B left free cash flow of $0.33B.
Questions
What was Vistra's revenue in the second quarter 2026?
Vistra (VST) reported revenue of $4.0B for the second quarter 2026 (Q2 2026), -5% from a year earlier and -29% from the quarter before.
Was Vistra profitable in the second quarter 2026?
Operating profit was $553M (13.8% of revenue) and net earnings $305M.
Source: Vistra 10-Q on SEC EDGAR.