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Jan 6, 2026 8:00 AM

Vistra Strengthens Generation Footprint With $4.7 Billion Acquisition

Vistra Corp. (NYSE:VST) stock rose Tuesday after the company disclosed that it has penned a deal to acquire Cogentrix Energy for around $4.7 billion.

Cogentrix is indirectly owned by funds managed by Quantum Capital Group.

The portfolio comprised 10 modern natural gas generation facilities with roughly 5,500 MW of total capacity.

The assets include three combined-cycle and two combustion-turbine plants in PJM, four combined-cycle facilities in ISO New England, and one cogeneration plant in ERCOT.

The Cogentrix portfolio has an average heat rate of approximately 7,800 Btu/kWh, including the Patriot and Hamilton-Liberty plants, which came online in 2016 with sub-7,000 Btu/kWh efficiency.

Details

In particular, Vistra will acquire the Cogentrix assets for a net purchase price of ...