SOVEREIGN RESEARCHBY PAVEL SOVEREIGN

PRIMARY EVIDENCE / VERIFIED

Vistra — Q2 2026

Original Source

Source Organization
Vistra
Document Type
ORIGINAL DISCLOSURE
Published At
2026-08-07
Reporting Period
Q2 2026
Created At
2026-10-06T16:10:17.862Z
Updated At
2026-10-06T16:26:27.621Z
Open original source

Key Numbers

NO VERIFIED NUMERIC EXTRACTION

Numeric categories remain separate.

Typed Source Statements

FACT

Expected generation was approximately 100% hedged for 2026, 94% for 2027 and 72% for 2028 as of August 3. Management guidance excludes the pending acquisition and Meta PPA benefits; merchant repricing is not immediate.

Guidance / hedging / footnote 3

Management Statements

NO VERIFIED MANAGEMENT STATEMENT

Source quotations require a locator.

Pavel Interpretation

NOT YET COMMITTED

Interpretations are recorded through committed judgments.

Affected Variables

Power Generation · WACC / Financing · Grid / Interconnection

Related Companies

Vistra

Evidence Tags

BASELINE INITIALIZATION · SOURCE REVIEW 2026-10-06