Vistra (VST) made $6.3B of revenue in the third quarter 2026 (Q3 2026), +28% from a year earlier. Of every dollar of revenue, 27¢ was left as operating profit, 18¢ was left as net earnings.
Drawing the Sankey…
Retail energy charge in ERCOT went from 52% of revenue in Q2 2025 to 34% in Q1 2026, the largest shift in the mix.
Vistra (VST) made $6.3B of revenue in the third quarter 2026 (Q3 2026), +28% from a year earlier. Of every dollar of revenue, 27¢ was left as operating profit, 18¢ was left as net earnings.
What is Vistra's profit margin?
Net earnings were $1.1B, 18.0% of revenue, in the third quarter 2026; the operating margin was 26.9%.