Vistra VST
NYSE VST
$151.12 -0.60 (-0.40%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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