Vistra (VST) Operating Expenses (2016 - 2026)
Vistra (VST) posted Operating Expenses of $392.0 million for Q2 2026, down 8.2% on a QoQ basis from $427.0 million in Q1 2026, and down 6.44% year-over-year from $419.0 million in Q2 2025.
Analysis
Vistra (VST) Operating Expenses (2016 - 2026) Analysis & Trends
Vistra has reported Operating Expenses for 11 years, with the latest figure at $392.0 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 6.44% year-over-year to $392.0 million in Q2 2026; TTM through Jun 2026 was $1.7 billion, a 31.27% decrease from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 7.06% from the prior year.
- Operating Expenses was $392.0 million for Q2 2026 at Vistra, down from $427.0 million in the prior quarter.
- The five-year high for Operating Expenses was $832.0 million in Q3 2024, with the low at $392.0 million in Q2 2026.
- Average Operating Expenses over 5 years is $607.9 million, with a median of $633.5 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses increased 20.23% in 2024, then tumbled 46.63% in 2025.
- Over 5 years, Operating Expenses stood at $626.0 million in 2022, then grew by 13.42% to $710.0 million in 2023, then sank by 34.51% to $465.0 million in 2024, then fell by 1.08% to $460.0 million in 2025, then dropped by 14.78% to $392.0 million in 2026.
- The last three Operating Expenses figures came in at $392.0 million (Q2 2026), $427.0 million (Q1 2026), and $460.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vistra | 50.90 Bn | 49.03 Bn | 3.16 Bn | 392.00 Mn |
| 2 | Nrg Energy | 24.41 Bn | 24.25 Bn | 2.01 Bn | 6.54 Bn |
| 3 | Talen Energy | 14.67 Bn | 14.31 Bn | - | 186.00 Mn |
| 4 | Transalta | 5.57 Bn | 5.28 Bn | 313.03 Mn | 134.46 Mn |
| 5 | Kenon Holdings | 3.60 Bn | 1.85 Bn | 84.00 Mn | -24.00 Mn |
| 6 | Central Puerto | 2.11 Bn | -335.75 Bn | - | - |
| 7 | Hallador Energy | 775.81 Mn | 746.83 Mn | 62.37 Mn | 114.16 Mn |
| 8 | Net Power | 30.94 Mn | 30.94 Mn | - | 209.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 392.00 Mn |
| Mar 31, 2026 | 427.00 Mn |
| Dec 31, 2025 | 460.00 Mn |
| Sep 30, 2025 | 444.00 Mn |
| Jun 30, 2025 | 419.00 Mn |
| Mar 31, 2025 | 791.00 Mn |
| Dec 31, 2024 | 465.00 Mn |
| Sep 30, 2024 | 832.00 Mn |
| Jun 30, 2024 | 766.00 Mn |
| Mar 31, 2024 | 718.00 Mn |
| Dec 31, 2023 | 710.00 Mn |
| Sep 30, 2023 | 692.00 Mn |
| Jun 30, 2023 | 641.00 Mn |
| Mar 31, 2023 | 611.00 Mn |
| Dec 31, 2022 | 626.00 Mn |
| Sep 30, 2022 | 661.00 Mn |
| Jun 30, 2022 | 621.00 Mn |
| Mar 31, 2022 | 666.00 Mn |
| Dec 31, 2021 | 600.00 Mn |
| Sep 30, 2021 | 667.00 Mn |