VST
Market read
The latest filing evidence is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Invalidation: The isolated read changes if VST's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“For the six months ended June 30, 2026 compared to six months ended June 30, 2025, interest expense and related charges decreased primarily due to an $81 million increase in unrealized mark-to-market gains on interest rate swaps, partially offset by $35 milli…”10-Q · Aug 10, 2026 ↗
“For the six months ended June 30, 2026 compared to the six months ended June 30, 2025, fuel, purchased power costs, and delivery fees decreased primarily due to a $264 million increase in unrealized mark-to-market gains on commodity derivative positions and l…”10-Q · Aug 10, 2026 ↗
“Capital Expenditures Estimated 2026 capital expenditures and nuclear fuel purchases as of December 31, 2025 total approximately $2.587 billion and include: • $1.087 billion for investments in generation and mining facilities inclusive of LTSA prepayments; • $…”10-K · Feb 27, 2026 ↗
“The primary drivers for the increase include: Three Months Ended June 30, 2025 Compared to 2024 Retail Texas East West (in millions) Favorable change in realized revenue net of fuel in East driven by higher volumes and margins.”10-Q · Aug 8, 2025 ↗
Valuation discipline
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 9 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for VST. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-08 against the comparable filing from 2025-05-08.
No thresholded deterioration was identified.
“Sources and Uses of Cash Three Months Ended March 31, 2026 2025 Change (in millions) Net cash provided by operating activities $ 1,199 $ 599 $ 600 Net cash used in investing activities $ (638) $ (1,061) $ 423 Net cash used in financing activities $ (706) $ (164) $ (542) Operating Cash Flows The change in net cash provided by operating activities was primarily driven by (i) increased realized revenue net of fuel driven primarily by higher realized capacity prices and energy margins, (ii) increase in realized revenue net of expenses from the addition of plants acquired in the Lotus Acquisition and (iii) a $284 million increase in net margin deposits as $67 million in net margin deposits suppo...”
“Three Months Ended March 31, 2026 2025 (in millions) Interest expense and related charges $ (263) $ (319) Interest expense and related charges decreased primarily due to a $64 million increase in unrealized mark-to-market gains on interest rate swaps.”
“Retail Three Months Ended March 31, 2026 2025 (in millions) Net income (loss) $ (724) $ 1,132 Adjusted EBITDA $ 68 $ 184 Retail electricity sales volumes (GWh): Sales volumes in ERCOT 15,904 17,965 Sales volumes in Northeast/Midwest 14,205 15,358 Total retail electricity sales volumes 30,109 33,323 Retail net income decreased due to a $1.762 billion increase in unrealized mark-to-market losses on commodity derivative positions and a decrease in retail margins primarily due to an increase in excess volumes sold at lower wholesale prices and a decrease in customer consumption due to weather.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
“At the end of the lease term for the Interconnection Electrical Facilities, the substation will be sold back to Luminant’s affiliate, Vistra Operations Company, LLC at a price to be determined based upon bids obtained in the secondary market.”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
VST is currently a Participant in the organic co-movement group Mixed Risk Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for VST; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.