​

Vistra (VST) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Vistra Revenue Highlights

Latest Revenue (Y)

$17.74B

Latest Revenue (Q)

$-9.42B

Main Segment (Y)

Retail Energy Charge In ERCOT

Main Geography (Y)

East Segment

Vistra Revenue by Period

Vistra Revenue by Year

DateRevenueChange
2025-12-31$17.74B-8.46%
2024-12-31$19.38B24.67%
2023-12-31$15.54B-12.86%
2022-12-31$17.84B33.78%
2021-12-31$13.33B20.53%
2020-12-31$11.06B-3.83%
2019-12-31$11.50B14.46%
2018-12-31$10.05B86.78%
2017-12-31$5.38B2.32%
2016-12-31$5.26B-2.09%
2015-12-31$5.37B-10.17%
2014-12-31$5.98B1.34%
2013-12-31$5.90B4.67%
2012-12-31$5.64B-

Vistra generated $17.74B in revenue during NA 2025, up -8.46% compared to the previous quarter, and up 160.35% compared to the same period a year ago.

Vistra Revenue by Quarter

DateRevenueChange
2025-09-30$-9.42B-321.67%
2025-06-30$4.25B-17.81%
2025-03-31$5.17B-29.76%
2024-12-31$7.36B33.03%
2024-09-30$5.53B50.05%
2024-06-30$3.69B32.04%
2024-03-31$2.79B-17.66%
2023-12-31$3.39B-34.82%
2023-09-30$5.20B63.13%
2023-06-30$3.19B-15.07%
2023-03-31$3.76B-12.91%
2022-12-31$4.31B-25.69%
2022-09-30$5.80B54.03%
2022-06-30$3.77B-4.66%
2022-03-31$3.95B13.04%
2021-12-31$3.50B-10.59%
2021-09-30$3.91B42.29%
2021-06-30$2.75B-11.95%
2021-03-31$3.12B23.02%
2020-12-31$2.54B-25.40%
2020-09-30$3.40B35.23%
2020-06-30$2.52B-3.60%
2020-03-31$2.61B-7.74%
2019-12-31$2.83B-22.90%
2019-09-30$3.67B59.69%
2019-06-30$2.30B-15.27%
2019-03-31$2.71B-2.38%
2018-12-31$2.78B-21.62%
2018-09-30$3.54B40.15%
2018-06-30$2.53B108.75%
2018-03-31$1.21B28.42%
2017-12-31$943.00M-48.55%
2017-09-30$1.83B41.44%
2017-06-30$1.30B-4.50%
2017-03-31$1.36B13.94%
2016-12-31$1.19B-29.53%
2016-09-30$1.69B37.06%
2016-06-30$1.23B17.54%
2016-03-31$1.05B-5.07%
2015-12-31$1.10B-36.38%
2015-09-30$1.74B-

Vistra generated $-9.42B in revenue during Q3 2025, up -321.67% compared to the previous quarter, and up -255.45% compared to the same period a year ago.

Vistra Revenue Breakdown

Vistra Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Total Other Revenues$152.00M$2.46B$975.00M$-4.75B-
Capacity Revenue$227.00M$74.00M$98.00M--
Retail Energy Charge In ERCOT$8.97B$8.06B$7.67B--
Retail Energy Charge In Northeast/Midwest$4.06B$3.60B$1.64B--
Revenue From Other Wholesale Contracts$1.15B$1.05B$1.48B--
Wholesale Generation Revenue From ERCOT$3.19B$1.98B$2.91B--
Hedging And Other Revenues$-766.00M$971.00M$1.00M--
Intersegment Sales$-8.53B$-7.51B---
Affiliate Sales---$-4.75B-
Retail Contract Amortization--$-6.00M--
Retail Segment----$7.87B
Asset Closure Segment-----
Sunset Segment----$739.00M
Texas Segment----$2.79B
West Segment----$374.00M

Vistra's latest annual revenue breakdown by segment (product or service), as of Dec 25: Retail Energy Charge In ERCOT (106.22%), Retail Energy Charge In Northeast/Midwest (48.09%), Wholesale Generation Revenue From ERCOT (37.77%), Revenue From Other Wholesale Contracts (13.58%), Capacity Revenue (2.69%), Total Other Revenues (1.80%), Hedging And Other Revenues (-9.07%), and Intersegment Sales (-101.07%).

Quarterly Revenue by Product

Product/ServiceDec 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Retail Energy Charge In Northeast/Midwest$2.23B$793.00M$1.04B$1.88B$1.05B$663.00M$1.18B$464.00M------------
Capacity Revenue$177.00M$30.00M$20.00M$37.00M$18.00M$19.00M$78.00M$20.00M------------
Total Other Revenues-$497.00M$-317.00M$621.00M$1.95B$-105.00M$1.68B$-703.00M$-3.45B$1.40B$609.00M---------
Hedging And Other Revenues-$50.00M$-513.00M$1.94B$-106.00M$970.00M$1.00M$1.00M------------
Intersegment Sales-$-2.60B------------------
Wholesale Generation Revenue From ERCOT$1.84B$474.00M$874.00M$969.00M$520.00M$489.00M$1.62B$1.29B------------
Revenue From Other Wholesale Contracts$565.00M$250.00M$331.00M$512.00M$252.00M$286.00M$1.13B$349.00M------------
Retail Energy Charge In ERCOT$4.77B$2.21B$1.99B$3.86B$2.50B$1.70B$5.01B$2.67B------------
Affiliate Sales-------$-3.45B$1.40B$609.00M----------
Intangible Amortization-----$-1.00M--------------
Texas Segment--------$191.00M$1.35B$1.82B$-623.00M$1.33B$843.00M$1.08B$793.00M$1.59B---
Asset Closure Segment-----------$121.00M---$3.00M----
Sunset Segment--------$314.00M$828.00M$900.00M$-83.00M$630.00M$-122.00M$279.00M$464.00M$250.00M---
Retail Segment--------$2.43B$2.35B$2.58B$1.79B$2.04B$2.16B$1.75B$1.89B$2.52B---
West Segment--------$224.00M$231.00M$-51.00M$79.00M$203.00M$90.00M$33.00M$71.00M$84.00M---

Vistra's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Retail Energy Charge In ERCOT (49.82%), Retail Energy Charge In Northeast/Midwest (23.24%), Wholesale Generation Revenue From ERCOT (19.20%), Revenue From Other Wholesale Contracts (5.90%), and Capacity Revenue (1.85%).

Vistra Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 25Dec 24Dec 23Dec 22Dec 21
West Segment$328.00M$877.00M$914.00M$336.00M$374.00M
East Segment$6.17B$5.66B$4.21B$3.71B$2.59B

Vistra's latest annual revenue breakdown by geography, as of Dec 25: East Segment (94.96%), and West Segment (5.04%).

Quarterly Revenue by Country

CountryDec 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
East Segment$4.69B$1.48B$1.38B$3.50B$1.52B$637.00M$909.00M$651.00M$846.00M$1.81B$1.31B$1.13B$319.00M$955.00M$849.00M$508.00M$505.00M$724.00M$570.00M$644.00M
West Segment$260.00M$68.00M$157.00M$350.00M$242.00M$285.00M$115.00M$344.00M$224.00M$231.00M$-51.00M$236.00M$79.00M$72.00M$203.00M$90.00M$48.00M$33.00M$71.00M$84.00M

Vistra's latest quarterly revenue breakdown by geography, as of Dec 25: East Segment (94.75%), and West Segment (5.25%).

Vistra Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
NRGNRG Energy$30.71B-
DUKDuke Energy$30.36B$8.54B
EXCExelon$24.26B$6.71B
AEPAmerican Electric Power$21.88B$6.01T
NGGNational Grid$19.85B$11.36B
VSTVistra$17.74B$-9.42B
DDominion Energy$16.51B$4.53B
XELXcel Energy$14.67B$3.64B
SRESempra$13.70B$3.00B
ETREntergy$12.95B$3.81B
PEGPublic Service Enterprise Group$12.17B$3.23B

VST Revenue FAQ

What is Vistra’s yearly revenue?

Vistra's yearly revenue for 2025 was $17.74B, representing a decrease of -8.46% compared to 2024. The company's yearly revenue for 2024 was $19.38B, representing an increase of 24.67% compared to 2023. VST's yearly revenue for 2023 was $15.54B, representing a decrease of -12.86% compared to 2022.

What is Vistra’s quarterly revenue?

Vistra's quarterly revenue for Q3 2025 was $-9.421B, a -321.67% decrease from the previous quarter (Q2 2025), and a -270.24% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $4.25B, a -17.81% decrease from the previous quarter (Q1 2025), and a 15.24% increase year-over-year (Q2 2024). VST's quarterly revenue for Q1 2025 was $5.17B, a -29.76% decrease from the previous quarter (Q4 2024), and a 85.14% increase year-over-year (Q1 2024).

What is Vistra’s revenue growth rate?

Vistra's revenue growth rate for the last 3 years (2023-2025) was 14.12%, and for the last 5 years (2021-2025) was 33.04%.

What are Vistra’s revenue streams?

Vistra's revenue streams in c 25 are Total Other Revenues, Capacity Revenue, Retail Energy Charge In ERCOT, Retail Energy Charge In Northeast/Midwest, Revenue From Other Wholesale Contracts, Wholesale Generation Revenue From ERCOT, Hedging And Other Revenues, and Intersegment Sales. Total Other Revenues generated $152M in revenue, accounting 1.80% of the company's total revenue, down -93.83% year-over-year. Capacity Revenue generated $227M in revenue, accounting 2.69% of the company's total revenue, up 206.76% year-over-year. Retail Energy Charge In ERCOT generated $8.97B in revenue, accounting 106.22% of the company's total revenue, up 11.19% year-over-year. Retail Energy Charge In Northeast/Midwest generated $4.06B in revenue, accounting 48.09% of the company's total revenue, up 12.91% year-over-year. Revenue From Other Wholesale Contracts generated $1.15B in revenue, accounting 13.58% of the company's total revenue, up 9.14% year-over-year. Wholesale Generation Revenue From ERCOT generated $3.19B in revenue, accounting 37.77% of the company's total revenue, up 61.17% year-over-year. Hedging And Other Revenues generated $-766M in revenue, accounting -9.07% of the company's total revenue, down -178.89% year-over-year. Intersegment Sales generated $-8.531B in revenue, accounting -101.07% of the company's total revenue, up 13.63% year-over-year.

What is Vistra’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Vistra was Retail Energy Charge In ERCOT. This segment made a revenue of $8.97B, representing 106.22% of the company's total revenue.