Vistra Expands Power Portfolio with Long-Term Contracts and Strategic Investments
Vistra (NYSE: VST) has significantly expanded its power generation platform through long-term contracts, strategic acquisitions, and new investments. The company signed 20-year PPAs for over 3,800 MW of nuclear energy with Meta Platforms (NASDAQ:META) and Amazon Web Services (AMZN), anchoring operations into the mid-century. Vistra also acquired Cogentrix’s natural gas portfolio adding 5,500 MW to its existing fleet and is constructing two new Permian Basin units for an additional 860 MW. In Q2 2026, Adjusted EBITDA surged by 30% year-over-year to $1.77 billion on revenue of $4.02 billion. The company reaffirmed its full-year guidance and expects the Meta PPAs to contribute an additional $700 million in adjusted earnings starting in 2027, excluding Cogentrix impacts. Vistra also committed up to $1 billion to Helix Digital Infrastructure alongside NVIDIA (NASDAQ:NVDA) and KKR. This venture positions Vistra as a preferred power provider for AI data centers, with potential additional investment if milestones are met.
Topics: AI Infrastructure Energy Mergers and Acquisitions Nuclear Power