Vistra Corp. reported sharply declining profitability for Q3 2025 (9 months ended September 30, 2025), with Net Income falling to \(711 million from \)2.322 billion in the prior year period, despite total operating revenues remaining flat year-over-year at approximately \(13.15 billion. Revenue from contracts with customers grew substantially, offset by significant volatility in commodity hedging results. Cash and equivalents declined significantly, dropping to \)638 million.
Operational & Financial Impacts: Two major incidents heavily impacted results: The January 2025 Moss Landing battery f
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