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of Contents](#i142170b359b84de8ba2b2dc06feefe6a_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-Q\n\n☒\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026\n\n— OR —\n\n☐\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from __ to __\n\nCommission File Number 001-38086\n\nVistra Corp.\n\n(Exact name of registrant as specified in its charter)\n\nDelaware\n36-4833255\n\n(State or other jurisdiction of incorporation or organization)\n\n(I.R.S. Employer Identification No.)\n\n6555 Sierra Drive,\n\nIrving,\n\nTexas\n75039(214)812-4600\n\n(Address of principal executive offices) (Zip Code)\n(Registrant's telephone number, including area code)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered\n\nCommon stock, par value $0.01 per shareVSTNew York Stock Exchange\n\nNYSE Texas\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.   Yes ☒    No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes ☒    No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of \"large accelerated filer,\" \"accelerated filer,\" \"smaller reporting company,\" and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer ☒  Accelerated filer ☐  Non-accelerated filer ☐ Smaller reporting company ☐  Emerging growth company ☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes  ☐ No ☒\n\nIndicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date.\n\nClass\nOutstanding as of May 1, 2026\n\nCommon stock, par value $0.01 per share337,182,468\n\nTABLE OF CONTENTS\n\nPAGE\n\n[Glossary of Terms and Abbreviations](#i142170b359b84de8ba2b2dc06feefe6a_10)\n\n[ii](#i142170b359b84de8ba2b2dc06feefe6a_10)\n\n[Forward-Looking Statements](#i142170b359b84de8ba2b2dc06feefe6a_13)\n\n[v](#i142170b359b84de8ba2b2dc06feefe6a_13)\n\n[PART I.](#i142170b359b84de8ba2b2dc06feefe6a_16)\n\n[FINANCIAL INFORMATION](#i142170b359b84de8ba2b2dc06feefe6a_16)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_16)\n\n[Item 1.](#i142170b359b84de8ba2b2dc06feefe6a_19)\n\n[Financial Statements (Unaudited)](#i142170b359b84de8ba2b2dc06feefe6a_19)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_19)\n\n[Condensed Consolidated Statements of Operations](#i142170b359b84de8ba2b2dc06feefe6a_22)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_22)\n\n[Condensed Consolidated Balance Sheets](#i142170b359b84de8ba2b2dc06feefe6a_28)\n\n[2](#i142170b359b84de8ba2b2dc06feefe6a_28)\n\n[Condensed Consolidated Statements of Cash Flows](#i142170b359b84de8ba2b2dc06feefe6a_31)\n\n[4](#i142170b359b84de8ba2b2dc06feefe6a_31)\n\n[Condensed Consolidated Statements of Changes in Equity](#i142170b359b84de8ba2b2dc06feefe6a_34)\n\n[6](#i142170b359b84de8ba2b2dc06feefe6a_34)\n\n[Notes to Condensed Consolidated Financial Statements](#i142170b359b84de8ba2b2dc06feefe6a_37)\n\n[7](#i142170b359b84de8ba2b2dc06feefe6a_37)\n\n[1. Business](#i142170b359b84de8ba2b2dc06feefe6a_40)[and Significant Accounting Policies](#i142170b359b84de8ba2b2dc06feefe6a_40)\n\n[7](#i142170b359b84de8ba2b2dc06feefe6a_40)\n\n[2. Acquisitions](#i142170b359b84de8ba2b2dc06feefe6a_43)\n\n[8](#i142170b359b84de8ba2b2dc06feefe6a_43)\n\n[3. Revenue](#i142170b359b84de8ba2b2dc06feefe6a_46)\n\n[10](#i142170b359b84de8ba2b2dc06feefe6a_46)\n\n[4. Other Deductions, Net](#i142170b359b84de8ba2b2dc06feefe6a_1347)\n\n[12](#i142170b359b84de8ba2b2dc06feefe6a_1347)\n\n[5](#i142170b359b84de8ba2b2dc06feefe6a_52)[. Government](#i142170b359b84de8ba2b2dc06feefe6a_52)[G](#i142170b359b84de8ba2b2dc06feefe6a_52)[rants](#i142170b359b84de8ba2b2dc06feefe6a_52)\n\n[12](#i142170b359b84de8ba2b2dc06feefe6a_52)\n\n[6](#i142170b359b84de8ba2b2dc06feefe6a_55)[. Income Taxes](#i142170b359b84de8ba2b2dc06feefe6a_55)\n\n[12](#i142170b359b84de8ba2b2dc06feefe6a_55)\n\n[7](#i142170b359b84de8ba2b2dc06feefe6a_58)[. Property, Plant, and Equipment](#i142170b359b84de8ba2b2dc06feefe6a_58)\n\n[14](#i142170b359b84de8ba2b2dc06feefe6a_58)\n\n[8](#i142170b359b84de8ba2b2dc06feefe6a_1370)[. Loss Events and Insur](#i142170b359b84de8ba2b2dc06feefe6a_1370)[ance Recoveries](#i142170b359b84de8ba2b2dc06feefe6a_1370)\n\n[15](#i142170b359b84de8ba2b2dc06feefe6a_1370)\n\n[9](#i142170b359b84de8ba2b2dc06feefe6a_61)[. Goodwill and Identifiable Intangible Assets and Liabilities](#i142170b359b84de8ba2b2dc06feefe6a_61)\n\n[16](#i142170b359b84de8ba2b2dc06feefe6a_61)\n\n[10](#i142170b359b84de8ba2b2dc06feefe6a_64)[. Collateral Financing Agreement with Affiliate](#i142170b359b84de8ba2b2dc06feefe6a_64)\n\n[17](#i142170b359b84de8ba2b2dc06feefe6a_64)\n\n[11](#i142170b359b84de8ba2b2dc06feefe6a_67)[. Debt, Credit Facilities, and Financings](#i142170b359b84de8ba2b2dc06feefe6a_67)\n\n[18](#i142170b359b84de8ba2b2dc06feefe6a_67)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_70)[2](#i142170b359b84de8ba2b2dc06feefe6a_70)[. Derivatives](#i142170b359b84de8ba2b2dc06feefe6a_70)\n\n[26](#i142170b359b84de8ba2b2dc06feefe6a_70)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_73)[3](#i142170b359b84de8ba2b2dc06feefe6a_73)[. Fair Value Measurements](#i142170b359b84de8ba2b2dc06feefe6a_73)\n\n[30](#i142170b359b84de8ba2b2dc06feefe6a_73)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_76)[4](#i142170b359b84de8ba2b2dc06feefe6a_76)[. Asset Retirement Obligations](#i142170b359b84de8ba2b2dc06feefe6a_76)\n\n[34](#i142170b359b84de8ba2b2dc06feefe6a_76)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_79)[5](#i142170b359b84de8ba2b2dc06feefe6a_79)[. Commitments and Contingencies](#i142170b359b84de8ba2b2dc06feefe6a_79)\n\n[35](#i142170b359b84de8ba2b2dc06feefe6a_79)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_82)[6](#i142170b359b84de8ba2b2dc06feefe6a_82)[. Equity](#i142170b359b84de8ba2b2dc06feefe6a_82)\n\n[41](#i142170b359b84de8ba2b2dc06feefe6a_82)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_85)[7](#i142170b359b84de8ba2b2dc06feefe6a_85)[. Earnings Per Share](#i142170b359b84de8ba2b2dc06feefe6a_85)\n\n[43](#i142170b359b84de8ba2b2dc06feefe6a_85)\n\n[1](#i142170b359b84de8ba2b2dc06feefe6a_88)[8](#i142170b359b84de8ba2b2dc06feefe6a_88)[. Segment Information](#i142170b359b84de8ba2b2dc06feefe6a_88)\n\n[43](#i142170b359b84de8ba2b2dc06feefe6a_88)\n\n[Item 2.](#i142170b359b84de8ba2b2dc06feefe6a_94)\n\n[Management's Discussion and Analysis of Financial Condition, and Results of Operations](#i142170b359b84de8ba2b2dc06feefe6a_94)\n\n[47](#i142170b359b84de8ba2b2dc06feefe6a_94)\n\n[Business Environment and Outlook](#i142170b359b84de8ba2b2dc06feefe6a_97)\n\n[47](#i142170b359b84de8ba2b2dc06feefe6a_97)\n\n[N](#i142170b359b84de8ba2b2dc06feefe6a_1312)[oteworthy Developments](#i142170b359b84de8ba2b2dc06feefe6a_1312)\n\n[48](#i142170b359b84de8ba2b2dc06feefe6a_1312)\n\n[Factors Affecting Our Financial Condition and Results of Operations](#i142170b359b84de8ba2b2dc06feefe6a_1338)\n\n[50](#i142170b359b84de8ba2b2dc06feefe6a_1338)\n\n[Results of Operations](#i142170b359b84de8ba2b2dc06feefe6a_103)\n\n[52](#i142170b359b84de8ba2b2dc06feefe6a_103)\n\n[Liquidity and Capital Resources](#i142170b359b84de8ba2b2dc06feefe6a_106)\n\n[58](#i142170b359b84de8ba2b2dc06feefe6a_106)\n\n[Critical Accounting Estimates](#i142170b359b84de8ba2b2dc06feefe6a_100)\n\n[61](#i142170b359b84de8ba2b2dc06feefe6a_100)\n\n[Changes in Accounting Standards](#i142170b359b84de8ba2b2dc06feefe6a_112)\n\n[61](#i142170b359b84de8ba2b2dc06feefe6a_112)\n\n[Item 3.](#i142170b359b84de8ba2b2dc06feefe6a_115)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#i142170b359b84de8ba2b2dc06feefe6a_115)\n\n[61](#i142170b359b84de8ba2b2dc06feefe6a_115)\n\n[Item 4.](#i142170b359b84de8ba2b2dc06feefe6a_118)\n\n[Controls and Procedures](#i142170b359b84de8ba2b2dc06feefe6a_118)\n\n[64](#i142170b359b84de8ba2b2dc06feefe6a_118)\n\n[PART II.](#i142170b359b84de8ba2b2dc06feefe6a_121)\n\n[OTHER INFORMATION](#i142170b359b84de8ba2b2dc06feefe6a_121)\n\n[65](#i142170b359b84de8ba2b2dc06feefe6a_121)\n\n[Item 1.](#i142170b359b84de8ba2b2dc06feefe6a_124)\n\n[Legal Proceedings](#i142170b359b84de8ba2b2dc06feefe6a_124)\n\n[65](#i142170b359b84de8ba2b2dc06feefe6a_124)\n\n[Item 1A.](#i142170b359b84de8ba2b2dc06feefe6a_127)\n\n[Risk Factors](#i142170b359b84de8ba2b2dc06feefe6a_127)\n\n[65](#i142170b359b84de8ba2b2dc06feefe6a_127)\n\n[Item 2.](#i142170b359b84de8ba2b2dc06feefe6a_130)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#i142170b359b84de8ba2b2dc06feefe6a_130)\n\n[65](#i142170b359b84de8ba2b2dc06feefe6a_130)\n\n[Item 3.](#i142170b359b84de8ba2b2dc06feefe6a_133)\n\n[Defaults Upon Senior Securities](#i142170b359b84de8ba2b2dc06feefe6a_133)\n\n[65](#i142170b359b84de8ba2b2dc06feefe6a_133)\n\n[Item 4.](#i142170b359b84de8ba2b2dc06feefe6a_136)\n\n[Mine Safety Disclosures](#i142170b359b84de8ba2b2dc06feefe6a_136)\n\n[66](#i142170b359b84de8ba2b2dc06feefe6a_136)\n\n[Item 5.](#i142170b359b84de8ba2b2dc06feefe6a_139)\n\n[Other Information](#i142170b359b84de8ba2b2dc06feefe6a_139)\n\n[66](#i142170b359b84de8ba2b2dc06feefe6a_139)\n\n[Item 6.](#i142170b359b84de8ba2b2dc06feefe6a_142)\n\n[Exhibits](#i142170b359b84de8ba2b2dc06feefe6a_142)\n\n[67](#i142170b359b84de8ba2b2dc06feefe6a_142)\n\n[SIGNATURE](#i142170b359b84de8ba2b2dc06feefe6a_145)\n\n[70](#i142170b359b84de8ba2b2dc06feefe6a_145)\n\ni\n\nGLOSSARY OF TERMS AND ABBREVIATIONS\n\nWhen the following terms and abbreviations appear in the text of this report, they have the meanings indicated below.\n\nCurrent and Former Related Entities:\n\nAmbit Energy\n\nAmbit Holdings, LLC, and/or its subsidiaries (d/b/a Ambit Energy), depending on context\n\nAmbit TexasAmbit Texas, LLC, a wholly owned subsidiary of Vistra\n\nBCOPBCOP Borrower LLC, a subsidiary of Vistra Zero\n\nDynegy Energy Services\nDynegy Energy Services, LLC and Dynegy Energy Services (East), LLC (each d/b/a Dynegy, Better Buy Energy, Brighten Energy, Honor Energy and True Fit Energy), indirect, wholly owned subsidiaries of Vistra, that are REPs in certain areas of MISO and PJM, respectively, and are engaged in the retail sale of electricity to residential and business customers\n\nEnergy HarborEnergy Harbor Holdings LLC (formerly known as Energy Harbor Corp.), and/or its subsidiaries, depending on context\n\nHomefield EnergyIllinois Power Marketing Company (d/b/a Homefield Energy), an indirect, wholly owned subsidiary of Vistra, a REP in certain areas of MISO that is engaged in the retail sale of electricity to municipal customers\n\nLotusLotus Infrastructure Partners\n\nLuminantsubsidiaries of Vistra engaged in competitive market activities consisting of electricity generation and wholesale energy sales and purchases as well as commodity risk management\n\nParentVistra Corp.\n\nTriEagle EnergyTriEagle Energy, LP (d/b/a TriEagle Energy, TriEagle Energy Services, Eagle Energy, Energy Rewards, Power House Energy and Viridian Energy), an indirect, wholly owned subsidiary of Vistra, a REP in certain areas of ERCOT and PJM that is engaged in the retail sale of electricity to residential and business customers\n\nTXU EnergyTXU Energy Retail Company LLC (d/b/a TXU), an indirect, wholly owned subsidiary of Vistra that is a REP in competitive areas of ERCOT and is engaged in the retail sale of electricity to residential and business customers\n\nU.S. Gas & ElectricU.S. Gas and Electric, LLC (d/b/a USG&E, Illinois Gas & Electric and ILG&E), an indirect, wholly owned subsidiary of Vistra, a REP in certain areas of PJM, ISO-NE, NYISO and MISO that is engaged in the retail sale of electricity to residential and business customers\n\nValue Based BrandsValue Based Brands LLC (d/b/a 4Change Energy, Express Energy and Veteran Energy), an indirect, wholly owned subsidiary of Vistra that is a REP in competitive areas of ERCOT and is engaged in the retail sale of electricity to residential and business customers\n\nVistraVistra Corp., and/or its subsidiaries, depending on context\n\nVistra IntermediateVistra Intermediate Company LLC, a direct, wholly owned subsidiary of Vistra\n\nVistra Operations\nVistra Operations Company LLC, an indirect, wholly owned subsidiary of Vistra that is the issuer of certain series of notes (see Note 11 to the Financial Statements) and borrower under the Vistra Operations Credit Facilities\n\nVistra VisionVistra Vision LLC, an indirect subsidiary of Vistra\n\nVistra Zero\nsubsidiaries of Vistra engaged in the operation and development of renewables and energy storage assets\n\nVistra Zero OperatingVistra Zero Operating Company, LLC, an indirect, wholly owned subsidiary of Vistra\n\nTransmission System Operators:\n\nCAISOThe California Independent System Operator\n\nERCOTElectric Reliability Council of Texas, Inc.\n\nISO-NEISO New England Inc.\n\nMISOMidcontinent Independent System Operator, Inc.\n\nNYISONew York Independent System Operator, Inc.\n\nPJMPJM Interconnection, LLC\n\nAuthoritative Organizations:\n\nEPAU.S. Environmental Protection Agency\n\nFERCU.S. Federal Energy Regulatory Commission\n\nIRSU.S. Internal Revenue Service\n\nMSHAU.S. Mine Safety and Health Administration\n\nii\n\nNRCU.S. Nuclear Regulatory Commission\n\nPUCTPublic Utility Commission of Texas\n\nRCTRailroad Commission of Texas, which among other things, has oversight of lignite mining activity in Texas, and has jurisdiction over oil and natural gas exploration and production, permitting and inspecting intrastate pipelines, and overseeing natural gas utility rates and compliance\n\nSECU.S. Securities and Exchange Commission\n\nTCEQTexas Commission on Environmental Quality\n\nRules and Regulations:\n\nExchange ActSecurities Exchange Act of 1934, as amended\n\nIRAInflation Reduction Act of 2022\n\nOBBBAOne Big Beautiful Bill Act\n\nSecurities ActSecurities Act of 1933, as amended\n\nGeneral Terms:\n\n2025 Form 10-K\n\nVistra's annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 27, 2026\n\nAROasset retirement and mining reclamation obligation\n\nBoard\n\nVistra Corp.'s Board of Directors\n\nCCGTcombined cycle natural gas turbine\n\nCCRcoal combustion residuals\n\nCMEChicago Mercantile Exchange\n\nCRR\n\ncongestion revenue rights\n\nEBITDAearnings (net income) before interest expense, income taxes, depreciation and amortization\n\nESSenergy storage system\n\nFitch\n\nFitch Ratings, Inc. (a credit rating agency)\n\nFTR\n\nfinancial transmission rights\n\nGAAPgenerally accepted accounting principles\n\nGHGgreenhouse gas\n\nGWhgigawatt-hours\n\nHeat RateHeat Rate is a measure of the efficiency of converting a fuel source to electricity\n\nISOindependent system operator\n\nITCinvestment tax credit\n\nloaddemand for electricity\n\nLTSAlong-term service agreements for plant maintenance\n\nMarket Heat RateMarket Heat Rate is the implied relationship between wholesale electricity prices and natural gas prices and is calculated by dividing the wholesale market price of electricity, which is based on the price offer of the marginal supplier (generally natural gas plants), by the market price of natural gas\n\nMMBtumillion British thermal units\n\nMWmegawatts\n\nMWhmegawatt-hours\n\nNYMEXthe New York Mercantile Exchange, a commodity derivatives exchange\n\nPTCproduction tax credit\n\nREPretail electric provider\n\nRTOregional transmission organization\n\nS&P\nS&P Global Ratings (formerly Standard & Poor's Ratings) (a credit rating agency)\n\nSeries A Preferred StockVistra's 8.0% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value, with a liquidation preference of $1,000 per share\n\nSeries B Preferred StockVistra's 7.0% Series B Fixed-Rate Reset Cumulative Green Redeemable Perpetual Preferred Stock, $0.01 par value, with a liquidation preference of $1,000 per share\n\niii\n\nSeries C Preferred StockVistra's 8.875% Series C Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value, with a liquidation preference of $1,000 per share\n\nSG&Aselling, general, and administrative\n\nSO2\nsulfur dioxide\n\nSOFRSecured Overnight Financing Rate, the average rate at which institutions can borrow U.S. dollars overnight while posting U.S. Treasury Bonds as collateral\n\nTRAAmended and Restated Tax Receivable Agreement, containing certain rights (TRA Rights) to receive payments from Vistra related to certain tax benefits, including benefits realized as a result of certain transactions entered into at the emergence of our predecessor from reorganization under Chapter 11 of the U.S. Bankruptcy Code\n\nU.S.United States of America\n\nVistra Operations Commodity-Linked Credit Agreementcredit agreement, dated as of February 4, 2022 (as amended, restated, amended and restated, supplemented, and/or otherwise modified from time to time) by and among Vistra Operations, Vistra Intermediate, the lenders party thereto, the other credit parties thereto, the administrative agent, the collateral agent, and the other parties named therein\n\nVistra Operations Credit Agreementcredit agreement, dated as of October 3, 2016 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time), by and among Vistra Operations, Vistra Intermediate, the lenders party thereto, the letter of credit issuers party thereto, the administrative agent, the collateral agent, and the other parties named therein\n\nVistra Operations Credit Facilities\nVistra Operations revolving credit commitments and term loan financing facilities\n\nVistra Zero Credit Agreementcredit agreement, dated as of March 26, 2024 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time), by and among Vistra Zero Operating, the lenders party thereto, the administrative agent, and collateral agent, and the other parties named therein\n\niv\n\nFORWARD-LOOKING STATEMENTS\n\nThis quarterly report on Form 10-Q contains forward-looking statements that involve risks and uncertainties. All statements, other than statements of historical facts, that are included in this report, or made in presentations, in response to questions or otherwise, that address activities, events or developments that may occur in the future, including (without limitation) such matters as activities related to our financial or operational projections, capital allocation, capital expenditures, liquidity, dividend policy, business strategy, competitive strengths, goals, future acquisitions or dispositions, development or operation of power generation assets, market and industry developments, and the growth of our businesses and operations, including potential transactions with large load facilities at our nuclear and natural gas plants (often, but not always, through the use of words or phrases such as \"intends,\" \"plans,\" \"potential,\" \"will likely,\" \"unlikely,\" \"believe,\" \"expect,\" \"anticipated,\" \"estimate,\" \"should,\" \"could,\" \"may,\" \"projection,\" \"forecast,\" \"target,\" \"goal,\" \"objective,\" and \"outlook\"), are forward-looking statements. Although we believe that in making any such forward-looking statement our expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and risks that could cause our actual results to differ materially from those projected in or implied by such forward looking statement. Any such forward-looking statement is qualified in its entirety by reference to the discussion in (i) Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition, and Results of Operations in our 2025 Form 10-K, and (ii) Part I, Item 2 Management's Discussion and Analysis of Financial Condition, and Results of Operations in this quarterly report on Form 10-Q.\n\nAny forward-looking statement speaks only at the date on which it is made, and except as may be required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict them. In addition, we may be unable to assess the impact of any such event or condition or the extent to which any such event or condition, or combination of events or conditions, may cause results to differ materially from those contained in or implied by any forward-looking statement. As such, you should not unduly rely on such forward-looking statements.\n\nv\n\nPART I. FINANCIAL INFORMATION"}