VST Vistra Corp.

Q3 2025 10-Q

Filed: Nov 7, 2025Period ending Sep 30, 2025

Utilities

Electric ServicesSEC EDGAR

Vistra Corp. (VST) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 7, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $4.97B Q3 2025, down from $6.29B Q3 2024 (21% YoY decline) driven by Retail ($4.14B vs $4.25B) and Texas ($1.80B vs $4.24B) segments
• Net income $652M Q3 2025, down $1.185B YoY from $1.837B; Operating margin approx. 13.1% (operating income $650M/$4.97B) vs 41.2% YoY (operating income $2.59B/$6.29B)

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Risk Factors

• No material changes to risk factors from 2024 Form 10-K
• Continued exposure to market risks including energy price volatility

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Quarterly Financial Summary
XBRL

Revenue

$4.8B

▲ +10.1% YoY▲ +27.3% QoQ

Net Income

$652M

▼ -65.5% YoY▲ +99.4% QoQ

Net Margin

13.6%

▼ -2985bp YoY▲ +493bp QoQ

Source: XBRL data from Vistra Corp. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other Vistra Corp. Quarterly Reports

Q2 2025 10-Q

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