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Operating Revenue by Segment
Breaks revenue into the company’s major businesses (generation, retail energy, etc.), revealing which activities drive top-line growth. Because Vistra mixes wholesale market sales and retail contracts, changes in segment revenue expose sensitivity to power prices, weather and customer demand and help gauge stability of future cash flows.Texas and East generation revenues show large, quarter-to-quarter spikes—notably in Q1 2026—consistent with management’s report of record generation performance and availability that drove record adjusted EBITDA. Retail revenue has climbed steadily but Q1 retail EBITDA was muted by mild weather, highlighting revenue growth doesn’t guarantee margin expansion. Sunset’s disappearance after 2024 suggests asset retirements/sales that reduce legacy noise, while wide swings in Corporate & Other likely reflect hedging and non‑operational items; the pending Cogentrix deal and heavy hedging point to a larger, more stable revenue base ahead.
Date | Corporate & Other | Retail | Texas | East | West | Sunset | Asset Closure |
|---|---|---|---|---|---|---|---|
Jun 30, 2026 | -$2.04B | $3.61B | $1.42B | $954.00M | $71.00M | $0.00 | $0.00 |
Mar 31, 2026 | -$3.39B | $3.69B | $2.99B | $2.26B | $89.00M | $0.00 | $6.00M |
Dec 31, 2025 | -$2.06B | $3.50B | $1.56B | $1.56B | -$22.00M | $0.00 | $48.00M |
Sep 30, 2025 | -$2.88B | $4.14B | $1.80B | $1.75B | $165.00M | $0.00 | $2.00M |
Jun 30, 2025 | -$2.60B | $3.53B | $1.79B | $1.48B | $25.00M | $0.00 | $20.00M |
Mar 31, 2025 | -$986.00M | $3.17B | $210.00M | $1.38B | $157.00M | $0.00 | $4.00M |
Dec 31, 2024 | -$885.00M | $2.88B | $678.00M | $2.31B | $148.00M | $0.00 | $0.00 |
Sep 30, 2024 | -$4.30B | $4.25B | $4.10B | $1.52B | $242.00M | $469.00M | $1.00M |
Jun 30, 2024 | -$1.28B | $3.17B | $173.00M | $1.19B | $202.00M | $387.00M | $0.00 |
Mar 31, 2024 | -$1.04B | $2.49B | $439.00M | $637.00M | $285.00M | $239.00M | $0.00 |