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Vistra10-Q: Customer concentration

Vistra reports 40% wholesale credit exposure ($298M) with a single counterparty

What happened

The company has a significant concentration risk with one counterparty accounting for $298 million, or 40%, of its wholesale segments' net credit exposure. This dependency creates a critical need for robust counterparty risk management and monitoring solutions to mitigate potential defaults.

Source

SEC EDGARMay 7, 2026

Quarterly report (Form 10-Q)

Vistra 10-Q

Filing excerpt

Significant (i.e., 10% or greater) concentration of credit exposure exists with one counterparty, which represented an aggregate $298 million, or 40%, of our total net exposure of our wholesale segments as of March 31, 2026.

sec.gov/Archives/edgar/data/1692819/000169281926000014/vistra-2026033...Read the full source

Other signals in this filing (8)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Customer concentration

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 7, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$298M (Net credit exposure to a single counterparty)
Percent
40% (Portion of total net exposure of wholesale segments from a single counterparty)

Details

CIK
1692819
Accession number
0001692819-26-000014
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Diversification strategy
Signal category
Market

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
customerConcentration

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/0e2ac44f-fa30-40be-9136-eb5d1639a342 returns this record as JSON. POST /v1/companies/enrich returns every signal for vistracorp.com.

{
  "signal_id": "0e2ac44f-fa30-40be-9136-eb5d1639a342",
  "signal_type": "sec-10q",
  "signal_subtype": "customerConcentration",
  "detected_at": "2026-05-12T09:24:57.246+00:00",
  "company": {
    "name": "Vistra",
    "domain": "vistracorp.com"
  },
  "data": {
    "detail": "The company has a significant concentration risk with one counterparty accounting for $298 million, or 40%, of its wholesale segments' net credit exposure. This dependency creates a critical need for robust counterparty risk management and monitoring solutions to mitigate potential defaults.",
    "metrics": {
      "pct": 0.4,
      "timeframe": "current_quarter",
      "pct_context": "Portion of total net exposure of wholesale segments from a single counterparty",
      "dollar_context": "Net credit exposure to a single counterparty",
      "dollar_millions": 298
    },
    "summary": "Vistra reports 40% wholesale credit exposure ($298M) with a single counterparty",
    "excerpts": "Significant (i.e., 10% or greater) concentration of credit exposure exists with one counterparty, which represented an aggregate $298 million, or 40%, of our total net exposure of our wholesale segments as of March 31, 2026.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1692819/000169281926000014/vistra-20260331.htm",
    "filing_date": "2026-05-07",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Diversification strategy",
    "signal_category": "market"
  }
}

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