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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Operating revenues $ 4,971 $ 6,288 $ 13,154 $ 13,187
Fuel, purchased power costs, and delivery fees (2,370) (2,207) (6,791) (5,520)
Operating costs (655) (616) (2,081) (1,742)
Depreciation and amortization (460) (466) (1,523) (1,306)
Selling, general, and administrative expenses (444) (411) (1,254) (1,137)
Impairment of long-lived assets (5) 0 (73) 0
Operating income 1,037 2,588 1,432 3,482
Other income, net 105 136 291 282
Interest expense and related charges (286) (332) (908) (743)
Impacts of Tax Receivable Agreement 0 0 0 (5)
Net income before income taxes 856 2,392 815 3,016
Income tax expense (204) (555) (104) (694)
Net income 652 1,837 711 2,322
Net (income) loss attributable to noncontrolling interest 0 51 0 (104)
Net income attributable to Vistra 652 1,888 711 2,218
Cumulative dividends attributable to preferred stock (48) (48) (144) (144)
Net income attributable to Vistra common stock $ 604 $ 1,840 $ 567 $ 2,074
Weighted average shares of common stock outstanding:        
Weighted average shares of common stock outstanding - basic (in shares) 338,749,454 342,969,916 339,313,294 346,315,125
Weighted average shares of common stock outstanding - diluted (in shares) 345,035,160 350,203,692 346,303,617 353,805,937
Net income per weighted average share of common stock outstanding:        
Net income per weighted average share of common stock outstanding - basic (in dollars per share) $ 1.78 $ 5.36 $ 1.67 $ 5.99
Net income per weighted average share of common stock outstanding - diluted (in dollars per share) $ 1.75 $ 5.25 $ 1.64 $ 5.86