Vistra reports Q4 results and AWS nuclear power deal

Vistra Corp. reported its fourth quarter and full year 2025 financial results on Feb. 26, 2026. The company posted GAAP net income of $944 million for the full year, including an unrealized loss from hedges expected to settle in future years of $808 million. Cash flow from operations reached $4,070 million. Ongoing operations adjusted EBITDA totaled $5,912 million. Ongoing operations adjusted free cash flow before growth was $3,592 million, exceeding the midpoint of the original guidance range. Vistra also reported power purchase agreements for approximately 3,800 megawatts of nuclear power with Amazon Web Services at its Comanche Peak nuclear facility. The company issued 2026 guidance ranges for ongoing operations adjusted EBITDA of $6.8 billion to $7.6 billion and adjusted free cash flow before growth of $3.925 billion to $4.725 billion.