Vistra Posts Record $5.91B Adjusted EBITDA, Beats 2025 Guidance by $112M
Vistra generated $5.91 billion in adjusted EBITDA for full-year 2025, surpassing its guidance midpoint by $112 million. The company affirmed a robust multi-year growth path in its 2026 outlook, emphasizing sustained EBITDA expansion.
1. Full-Year 2025 Record Adjusted EBITDA
Vistra achieved $5.91 billion in ongoing operations adjusted EBITDA for 2025, marking the highest annual result in company history driven by strong wholesale power margins and disciplined cost management.
2. Guidance Midpoint Surpassed
The $112 million beat of the original guidance midpoint reflects operational resilience across the fleet and effective trading strategies amid volatile energy markets.
3. 2026 Growth Outlook
Management reaffirmed its multi-year growth trajectory in the 2026 guidance, highlighting plans for continued EBITDA expansion through renewable investments, margin improvements, and disciplined capital allocation.