Nov 6 (Reuters) - Vistra Corp ( VST ) on Thursday

forecast 2026 adjusted core profit higher than its outlook for

the current year, signaling confidence in its growing power

generation portfolio and strong demand across U.S. markets.

The Texas-based electricity producer expects 2026 adjusted

EBITDA between $6.8 billion and $7.6 billion, up from its 2025

forecast range of $5.7 billion to $5.9 billion, as it expands

gas-fired and clean energy capacity.

Vistra's ( VST ) board also approved an additional $1 billion in

share buybacks.

A surge in AI and cryptocurrency data centers, combined with

the accelerating electrification of homes and businesses, is

expected to push U.S. power demand to record levels in 2025 and

2026, according to the U.S. Energy Information Administration.

To meet the rise in demand, Vistra ( VST ) has in recent months

signed a 20-year deal to supply 1,200 megawatt from a nuclear

plant and acquired seven natural gas facilities totaling 2,600

MW for $1.9 billion.

It is also advancing construction on several solar and

storage projects, including facilities in Texas, Illinois, and

California, backed by long-term power purchase agreements with

Amazon and Microsoft.

For the third quarter, however, Vistra's ( VST ) net income more

than halved to $652 million due to a decline in unrealized gains

from derivative positions of $1.67 billion, and higher operating

expenses.

Operating expenses for the July-September quarter increased

about 6.3% to $655 million.