Vistra initiates 2027 adjusted EBITDA guidance of $7.7 billion-$8.5 billion
VST•Vistra set initial 2027 adjusted EBITDA guidance of $7.7 billion-$8.5 billion and narrowed its 2026 forecast to $7.1 billion-$7.5 billion, raising the midpoint. Third-quarter adjusted EBITDA was $2.38 billion.
1. Guidance and results
Vistra narrowed its 2026 adjusted EBITDA guidance to $7.1 billion-$7.5 billion, raising the midpoint, and forecast adjusted free cash flow before growth of $4.3 billion-$4.7 billion. Its initial 2027 outlook projects adjusted EBITDA of $7.7 billion-$8.5 billion and adjusted free cash flow before growth of $4.3 billion-$5.1 billion. The outlook reflects the recent closing of the Cogentrix acquisition and the first phase of the Meta operating power purchase agreement.
2. Third-quarter performance
Third-quarter adjusted EBITDA reached $2.38 billion, supported by above-plan thermal fleet availability, favorable hedging and strong retail volumes and margins.
