In Q1'26, VST's Operating Cash Flow reached $1.20B USD, reflecting a moderate increase from the $1.43B USD in Q4'25 and a significant rebound from the $572M USD low in Q2'25. Free Cash Flow also strengthened to $1.20B USD in Q1'26, up sharply from $694M USD in Q4'25 and reversing the negative values seen in Q1'25 (-$169M USD) and Q2'25 (-$118M USD). This latest data point indicates improved liquidity generation amid seasonal or operational factors. Over the period from Q2'23 to Q1'26, Operating Cash Flow exhibited volatility, starting strong at $1.58B USD in Q2'23 before declining to a low of $312M USD in Q1'24, then recovering to peaks like $1.70B USD in Q3'24 and maintaining above $1.20B USD in recent quarters, suggesting an overall upward trend with periodic dips likely tied to capital expenditures or market conditions. Free Cash Flow followed a similar volatile pattern, with highs of $1.24B USD in Q2'23 contrasting sharp negatives in Q1'24 (-$26M USD) and Q1-Q2'25, but rebounding robustly to $1.20B USD by Q1'26, highlighting VST's ability to generate positive free cash in stronger periods while underscoring sensitivity to investment cycles in the energy sector.