Overview

* Vistra ( VST ) Q3 revenue missed analyst expectations, adjusted EBITDA exceeded estimates

* Vistra ( VST ) narrowed 2025 guidance and initiated 2026 guidance, reflecting strategic adjustments

* Company announced $1.0 bln share repurchase authorization and acquisition of gas plants

Outlook

* Vistra ( VST ) narrows 2025 EBITDA guidance to $5.7 bln-$5.9 bln

* Vistra ( VST ) initiates 2026 EBITDA guidance of $6.8 bln-$7.6 bln

Result Drivers

* NATURAL GAS PLANT ACQUISITION - Vistra ( VST ) completed acquisition of seven natural gas plants, adding 2,600 MW of capacity

* NEW POWER UNITS - Plans to build two new natural gas power units totaling 860 MW in West Texas to meet growing power needs

* NUCLEAR PPA - 20-year power purchase agreement for 1,200 MW from Comanche Peak Nuclear Plant expected to support continued operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $4.97 $6.10

Revenue bln bln (6

Analysts

)

Q3 Net $652 mln

Income

Q3 Beat $1.58 $1.55

Adjusted bln bln (10

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electric utilities peer group is "buy"

* Wall Street's median 12-month price target for Vistra Corp ( VST ) is $232.00, about 18.4% above its November 5 closing price of $189.39

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)