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Vistra (VST) Q3 2026 earnings results (third quarter 2026)

8-K filed Nov 6, 2026

Vistra (VST) reported revenue of $6.3B for the third quarter 2026 (Q3 2026), +28% from a year earlier and +58% from the quarter before. Operating margin was 26.9%, net earnings $1.1B (18.0% of revenue).

Revenue$6.3B
Year over year+28%
Quarter over quarter+58%
Operating margin26.9%
Net earnings$1.1B

Vistra, Q3 2026: revenue $6.3B (+28% year over year), operating margin 26.9%, net earnings $1.1B. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$6.3B+58%+28%
Operating profit$1.7B+208%+65%
Net earnings$1.1B+274%+75%

What changed

Revenue was $6.3B in Q3 2026, up 28% year over year and up 58% from the previous quarter.

Operating profit was $1.7B, a 26.9% margin (up 6.0 points year over year). Of the extra revenue versus Q3 2025, 49% reached operating profit, above the 21% margin then. Total costs grew 18% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $1.1B, up 75% year over year. The effective tax rate was 23.8%.

Questions

What was Vistra's revenue in the third quarter 2026?

Vistra (VST) reported revenue of $6.3B for the third quarter 2026 (Q3 2026), +28% from a year earlier and +58% from the quarter before.

Was Vistra profitable in the third quarter 2026?

Operating profit was $1.7B (26.9% of revenue) and net earnings $1.1B.

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Source: Vistra 8-K on SEC EDGAR.