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14:00
Aug 07 ◎

VST FY2026 Q2 Watch

Vistra Corp. (VST) FY2026 Q2 Earnings Call

KKR VST ▾

Jim Burke

KKR is leading the Helix platform investment and bringing substantial capital access, positioning it to benefit from the build-out of data center infrastructure and potentially become a preferred partner for Vistra's power projects.

"Helix will focus on combining power solutions for datasets and infrastructure, creating a rack-to-grid, one-stop-shop solution As part of this solution, the Helix platform will seek to improve our markets, our proven commercial track"

KKR WATCH

Jim Burke

Management maintains a cautiously optimistic tone, reaffirming 2026 guidance with confidence in hitting at least the midpoint, while acknowledging ERCOT headwinds for 2027 that are offset by PJM strength and new contracts.

"We are confident in our ability to deliver at or above the midpoint. Looking forward to 2027, current ERCOT forward curves are meaningfully"

VST WATCH

HIGH

14:00
May 07 ◎

VST FY2026 Q1 Watch

Vistra Corp. (VST) FY2026 Q1 Earnings Call

META VST CEG NRG GEV ▾

Jim Burke

Meta is a contracted anchor customer for Vistra's nuclear capacity, securing multi-year revenue and supporting Vistra's nuclear uprate investments.

"long-term power purchase agreements with Meta for approximately 2,600 megawatts of energy and capacity at our PGM nuclear sites"

META WATCH

Jim Burke

Management is bullish on the long-term demand environment and its ability to execute growth projects, while reaffirming near-term guidance.

"we believe power market fundamentals will continue to improve through the end of the decade and beyond."

VST WATCH

Jim Burke

Vistra expects only 5-6% annual load growth in ERCOT and 2-3% in PJM through 2030, below many third-party forecasts and ISO projections, and says even those modest forecasts are not fully reflected in forward curves. — If actual load growth materializes as Vistra expects, forward prices may be underpriced, benefiting merchants with generation to hedge.

"we did have Constellation come out in the last month or two and talk about a little bit of a pause from customers"

CEG WATCH NRG WATCH

Jim Burke

Vistra highlights that many hyperscalers are exploring 'bridge power' via gas turbines while waiting for grid interconnection, which could open a new market for gas-fired generation. — Gas turbine suppliers and related infrastructure may see incremental near-term demand as customers seek expedited capacity.

"more of our conversations have been leaning towards the use of gas in these bridge power solutions"

GEV WATCH ETN WATCH

HIGH

15:00
Feb 26 ◎

VST FY2025 Q4 Watch

Vistra Corp. (VST) FY2025 Q4 Earnings Call

AMZN META VST ▾

Jim Burke

Amazon is committed to a long-term PPA with Vistra, reinforcing its demand for reliable nuclear power and progressing data center development at the site.

"a 20-year agreement with Amazon Web Services for 1200 megawatts at our Comanche Peak Nuclear Power Plant in Texas"

AMZN WATCH

Jim Burke

Meta's significant long-term nuclear PPA with Vistra shows its continued commitment to securing clean power for its data centers.

"20-year agreements with META covering 2,176 megawatts of operating capacity and an additional 433 megawatts of upgrades at our PGM nuclear plants"

META WATCH

Jim Burke

Management's tone is highly confident, with record results, aggressive growth through acquisitions and long-term PPAs, and raised free cash flow per share projections through 2027.

"We remain confident in the ever-increasing customer demand for power enthusiastic about the growth opportunities that load growth presents for Vistra"

VST WATCH

HIGH

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