Vistra's first quarter 2026 revenue and earnings beat expectations as the company reaffirms full-year guidance.

Vistra reported first quarter 2026 revenue of $5.64 billion, beating the $5.41 billion estimate, and net income of $1.03 billion. The company reaffirmed its full-year 2026 guidance ranges for Ongoing Operations Adjusted EBITDA and free cash flow.

Key Highlights

• Ongoing Operations Adjusted EBITDA increased 20.5% year-over-year to $1.494 billion, coming in just below the $1.53 billion estimate.
• Vistra reaffirmed its full-year 2026 guidance for Ongoing Operations Adjusted EBITDA of $6.8 billion to $7.6 billion and free cash flow of $3.925 billion to $4.725 billion.
• The company's corporate credit rating was upgraded to Investment Grade by a second major rating agency, following a similar upgrade last year.