Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Vistra Corp. (VST) Halal?

FAIL

Vistra Corp. · NYSE: VST · Utilities

The short answer

No - Vistra Corp. (VST) fails this Shariah stock screen at the debt gate. The business is power generation (natural gas, nuclear, coal, solar, battery storage) and retail electricity through brands including TXU Energy and Dynegy, with no haram segments disclosed in its Q2 2026 10-Q. Interest-bearing debt of $19,595M is about 41.8% of its ~$46.9B market cap ($139.75 latest quote, October 2, 2026; 335.6M shares outstanding) - above the ~33% ceiling. Interest income of $11M - separately disclosed in Note 4 - is about 0.11% of total revenue ($9,657M, six months ended June 30, 2026), below the 5% ceiling. Note: Zoya rates VST not Shariah-compliant (September 2026); no Musaffa or ShariaPortfolio rating was found.

Gate 1 — Business activity: PASS

Vistra Corp. (NYSE: VST) is an integrated retail electricity and power generation company headquartered in Irving, Texas - per the Q2 2026 10-Q. Its generation fleet spans natural gas, nuclear, coal, solar, and battery energy storage, and its retail brands include TXU Energy, Dynegy, Homefield Energy, Ambit, TriEagle Energy, U.S. Gas & Electric, and Value Based Brands. It acquired Energy Harbor (completed March 2024). Haram flags checked (factual, from the filings): the 10-Q discloses no alcohol, tobacco, gambling, weapons, pork, or interest-based lending businesses. Nothing in the filings suggests a haram segment. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: FAIL

Per Vistra's 10-Q for the quarter ended June 30, 2026, interest-bearing debt was $19,595M - long-term debt less current portion $17,719M plus long-term debt due currently $1,876M. Against a market cap of about $46.9B ($139.75 latest quote, October 2, 2026; 335,635,195 shares outstanding as of August 3, 2026), debt / market cap is about 41.8%, above the ~33% ceiling. Cash and cash equivalents of $435M are about 0.9% of market cap. Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

Vistra's Q2 2026 10-Q discloses interest income of $11M as a separate line in Note 4 ('Other income (deductions), net') for the six months ended June 30, 2026, against total revenue of $9,657M - about 0.11% of revenue, well below the 5% ceiling (full-year FY2025: $18M vs $17,738M, about 0.10%). Gate 3 passes on a directly disclosed figure. Facts only.

Key figures used

Frequently asked questions

What does Vistra do?

Vistra Corp. (NYSE: VST), headquartered in Irving, Texas, is an integrated retail electricity and power generation company. Its generation fleet includes natural gas, nuclear, coal, solar, and battery energy storage facilities, and its retail brands include TXU Energy, Dynegy, Homefield Energy, Ambit, TriEagle Energy, U.S. Gas & Electric, and Value Based Brands, per the Q2 2026 10-Q. It acquired Energy Harbor (completed March 2024). The filings disclose no alcohol, tobacco, gambling, weapons, pork, or interest-based lending businesses.

Why does Vistra fail this Shariah stock screen?

Vistra fails this Shariah stock screen at the debt gate. Gate 1: the business is power generation and retail electricity - no haram segments are disclosed in the filings. Gate 2: interest-bearing debt of $19,595M is about 41.8% of its ~$46.9B market cap ($139.75 latest quote, October 2, 2026; 335.6M shares outstanding), above the ~33% ceiling - FAIL. Gate 3: separately disclosed interest income of $11M is about 0.11% of total revenue ($9,657M, six months ended June 30, 2026) - passes. Result: FAIL. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Vistra's interest-bearing debt ratio?

Per Vistra's 10-Q for the quarter ended June 30, 2026, interest-bearing debt was $19,595M - long-term debt less current portion $17,719M plus long-term debt due currently $1,876M. Against a market cap of about $46.9B ($139.75 latest quote on October 2, 2026; 335,635,195 shares outstanding as of August 3, 2026), debt / market cap is about 41.8% - above the ~33% ceiling. Cash and cash equivalents of $435M are about 0.9% of market cap. Gate 2 fails.

What is Vistra's non-compliant income ratio?

Vistra's Q2 2026 10-Q discloses interest income of $11M as a separate line in Note 4 ('Other income (deductions), net') for the six months ended June 30, 2026, against total revenue of $9,657M - about 0.11% of revenue, well below the 5% ceiling (full-year FY2025: $18M vs $17,738M, about 0.10%). Gate 3 passes on a directly disclosed figure.

Do Zoya, Musaffa, or ShariaPortfolio cover Vistra?

Zoya covers VST at zoya.finance/stocks/vst and as of September 2026 rated it not Shariah-compliant / not considered halal - consistent with the debt-ratio failure found here. No Musaffa stock page for Vistra (NYSE: VST) was found - reported as absent, not invented. No ShariaPortfolio screening page or rating for VST was found - reported as absent, not invented. This page applies the screen directly from Vistra's own SEC filings and reports these positions honestly.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).