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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Operating revenues $ 4,250 $ 3,845 $ 8,183 $ 6,899
Fuel, purchased power costs, and delivery fees (1,974) (1,597) (4,421) (3,313)
Operating costs (733) (628) (1,426) (1,126)
Depreciation and amortization (541) (437) (1,063) (840)
Selling, general, and administrative expenses (419) (375) (810) (726)
Impairment of long-lived assets (68) 0 (68) 0
Operating income 515 808 395 894
Other income, net 191 59 186 146
Interest expense and related charges (303) (241) (622) (411)
Impacts of Tax Receivable Agreement 0 0 0 (5)
Net income (loss) before income taxes 403 626 (41) 624
Income tax (expense) benefit (76) (159) 100 (139)
Net income 327 467 59 485
Net income attributable to noncontrolling interest 0 (102) 0 (155)
Net income attributable to Vistra 327 365 59 330
Cumulative dividends attributable to preferred stock (47) (47) (96) (96)
Net income (loss) attributable to Vistra common stock $ 280 $ 318 $ (37) $ 234
Weighted average shares of common stock outstanding:        
Weighted average shares of common stock outstanding - basic (in shares) 339,401,983 347,046,021 339,599,887 348,006,109
Weighted average shares of common stock outstanding - diluted (in shares) 345,505,188 354,327,393 339,599,887 355,555,429
Net income (loss) per weighted average share of common stock outstanding:        
Net Income (loss) per weighted average share of common stock outstanding - basic (in dollars per share) $ 0.82 $ 0.92 $ (0.11) $ 0.67
Net income (loss) per weighted average share of common stock outstanding - diluted (in dollars per share) $ 0.81 $ 0.90 $ (0.11) $ 0.66