Vistra (VST) Operating Expenses (2016 - 2026)
Vistra (VST) posted quarterly Operating Expenses of $427.0 million for Q1 2026, up 9.21% year-over-year from $391.0 million in Q1 2025, and down 7.17% quarter-over-quarter from $460.0 million in Q4 2025.
Vistra (VST) Operating Expenses (2016 - 2026) Analysis & Trends
Vistra's Operating Expenses history runs 11 years deep, the most recent figure standing at $427.0 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 9.21% year-over-year to $427.0 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 6.64% YoY), while the FY2025 annual figure was $1.7 billion, up 7.06% from the prior year.
- Operating Expenses for Q1 2026 stood at $427.0 million, down from $460.0 million in the prior quarter.
- The five-year high for Operating Expenses was $464.0 million in Q4 2024, with the low at $280.0 million in Q2 2022.
- The 5-year median for Operating Expenses is $357.0 million (2023), against an average of $366.9 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 30.7% in 2024, then decreased 0.86% in 2025.
- Vistra's Operating Expenses stood at $295.0 million in 2022, then grew by 20.34% to $355.0 million in 2023, then soared by 30.7% to $464.0 million in 2024, then fell by 0.86% to $460.0 million in 2025, then retreated by 7.17% to $427.0 million in 2026.
- Business Quant data shows VST's Operating Expenses at $427.0 million in Q1 2026, $460.0 million in Q4 2025, and $444.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vistra | 46.81 Bn | 44.94 Bn | 3.16 Bn | 392.00 Mn |
| 2 | Nrg Energy | 24.30 Bn | 24.14 Bn | 2.01 Bn | 6.54 Bn |
| 3 | Talen Energy | 14.61 Bn | 14.25 Bn | - | 186.00 Mn |
| 4 | Oklo | 7.31 Bn | 7.31 Bn | - | 74.40 Mn |
| 5 | Transalta | 3.81 Bn | 3.54 Bn | 313.03 Mn | 126.51 Mn |
| 6 | Kenon Holdings | 3.41 Bn | 2.08 Bn | 84.00 Mn | -23.00 Mn |
| 7 | Digi Power X | 334.66 Mn | 206.54 Mn | -5.52 Mn | 4.65 Mn |
Historic Data
Download 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 | 391.00 Mn |
| Dec 31, 2024 | 464.00 Mn |
| Sep 30, 2024 | 411.00 Mn |
| Jun 30, 2024 | 375.00 Mn |
| Mar 31, 2024 | 351.00 Mn |
| Dec 31, 2023 | 355.00 Mn |
| Sep 30, 2023 | 357.00 Mn |
| Jun 30, 2023 | 309.00 Mn |
| Mar 31, 2023 | 288.00 Mn |
| Dec 31, 2022 | 295.00 Mn |
| Sep 30, 2022 | 323.00 Mn |
| Jun 30, 2022 | 280.00 Mn |
| Mar 31, 2022 | 288.00 Mn |
| Dec 31, 2021 | 269.00 Mn |
| Sep 30, 2021 | 269.00 Mn |