Vistra Corp. reports record Q1 earnings, expects Q2 to break records, and targets $200–$222 fair share value.

Vistra Corp. reported record earnings for Q1 and reaffirmed its 2026 guidance, driven by strong demand from data centers and hyperscalers. The company expects Q2 results to set a new quarterly record. Vistra prioritizes share repurchases, supported by a $3 billion buyback and dividend plan alongside a 10b5-1 repurchase program. Based on 2027 EBITDA estimates and a conservative valuation multiple, Vistra's fair share value is estimated between $200 and $222.