Vistra Earnings Reports

Vistra delivered strong Q4 2024 results, reporting significant year-over-year growth in net income and adjusted EBITDA. The company benefited from the Energy Harbor acquisition and increased revenues from nuclear production tax credits.

Vistra Corp. reported a Net Income of $1,837 million and Ongoing Operations Adjusted EBITDA of $1,444 million for the third quarter of 2024. The company also raised and narrowed its 2024 Ongoing Operations Adjusted EBITDA guidance to $5.0 billion - $5.2 billion and initiated 2025 Ongoing Operations Adjusted EBITDA guidance of $5.5 billion - $6.1 billion.

Vistra Corp. reported a Net Income of $467 million and Ongoing Operations Adjusted EBITDA of $1,414 million for the second quarter of 2024. The company reaffirmed its midpoint guidance for 2024 Ongoing Operations Adjusted EBITDA of $4,800 million, excluding any potential contribution from the nuclear production tax credit.

Vistra reported a net income of $18 million and Ongoing Operations Adjusted EBITDA of $813 million for Q1 2024. The company increased synergy expectations for Energy Harbor and announced targeted Operational Performance Improvement initiatives. Vistra also initiated a combined midpoint guidance for 2024 Ongoing Operations Adjusted EBITDA of $4,800 million and was added to the S&P 500.

Vistra Corp. reported a strong full-year performance for 2023, with GAAP Net Income of $1,492 million and Cash Flow from Operations of $5,453 million. The company also announced the approval of the Energy Harbor acquisition, expected to close on March 1, 2024, and authorized an additional $1.5 billion for share repurchases.

Vistra reported a net income of $502 million and an Ongoing Operations Adjusted EBITDA of $1,613 million for the third quarter of 2023. The company's performance was driven by strong operating results and effective hedging strategies, particularly in Texas, which experienced a record-breaking summer. Vistra also raised its 2023 Ongoing Operations Adjusted EBITDA guidance and initiated 2024 guidance, reflecting confidence in its increased earning potential.

Vistra reported a strong second quarter with a Net Income of $476 million and an Ongoing Operations Adjusted EBITDA of $1,008 million. The company updated its guidance for 2023, narrowing the range and raising the lower end of its Ongoing Operations Adjusted EBITDA and FCFbG guidance. Vistra is progressing towards the acquisition of Energy Harbor Corp and achieved commercial operation of the 350-megawatt Phase III expansion of the Moss Landing Energy Storage Facility.

Vistra reported a strong first quarter with a Net Income of $698 million and Ongoing Operations Adjusted EBITDA of $554 million. The company is progressing with its strategic priorities, including the acquisition of Energy Harbor Corp., and continues its share repurchase program.

Vistra Corp. reported its full-year 2022 financial results, with solid performance in the fourth quarter. The company's generation fleet met the demand during Winter Storm Elliott, and Vistra exceeded its initial goal of returning capital to shareholders by year-end 2022.

Vistra reported a net income of $678 million and Ongoing Operations Adjusted EBITDA of $1,038 million for the third quarter of 2022. The company's generation fleet performed well during the summer, and the retail business demonstrated resilience. Vistra initiated 2023 Ongoing Operations Adjusted EBITDA guidance with a midpoint of $3,700 million.

Vistra reported a Net Loss of $(1,357) million for Q2 2022, primarily due to unrealized losses from mark-to-market valuations of commodity positions. However, the company delivered Ongoing Operations Adjusted EBITDA of $761 million and authorized an additional $1.25 billion for share repurchases.

Vistra reported a Net Loss of $(284) million for the first quarter of 2022. However, Ongoing Operations Adjusted EBITDA was $547 million. The company reaffirmed its 2022 Ongoing Operations Adjusted EBITDA and Adjusted FCFbG guidance.

Vistra reported Q4 2021 Net Income of $731 million, a significant increase compared to the previous year, driven by ERCOT securitization and hedging transactions. The company's Adjusted EBITDA from Ongoing Operations was $1,165 million, also benefiting from the ERCOT securitization.

Vistra reported a net income of $10 million and net income from ongoing operations of $16 million for the third quarter of 2021. The ongoing operations adjusted EBITDA was $1,177 million. The company announced plans to return at least $7.5 billion to common stockholders through year-end 2026.

Vistra's Q2 2021 results showed a net income of $35 million. The Ongoing Operations Adjusted EBITDA was $825 million, but excluding the impacts of Winter Storm Uri, it reached $909 million. The company reaffirmed its 2021 Ongoing Operations Adjusted EBITDA and Adjusted Free Cash Flow before Growth guidance.

Vistra announced the financial impact of Winter Storm Uri on 2021 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted Free Cash Flow before Growth (FCFbG) is estimated at ~$(1,600) million, including self-help initiatives. The company reissued its 2021 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges at $1,475 to $1,875 million and $200 to $600 million, respectively.

Vistra reported a net loss of $27 million for Q4 2020, with an adjusted EBITDA from ongoing operations of $802 million. The company's retail segment saw strong performance, driven by margin performance in ERCOT and the addition of Ambit. However, the winter storm Uri is expected to have a material adverse impact on future financial results.

Vistra reported a net income of $442 million and an Ongoing Operations Adjusted EBITDA of $1,185 million for the third quarter of 2020, exceeding expectations. The company reaffirmed its 2020 and 2021 Ongoing Operations Adjusted EBITDA and Adjusted Free Cash Flow before Growth guidance ranges.

Vistra reported a Net Income of $164 million and an Ongoing Operations Adjusted EBITDA of $929 million for Q2 2020, exceeding expectations. The company reaffirmed its 2020 Ongoing Operations Adjusted EBITDA and FCFbG guidance and is currently tracking above the midpoint of the guidance range.

Vistra reported strong first-quarter results, with Ongoing Operations Adjusted EBITDA of $850 million and Net Income from Ongoing Operations of $62 million, surpassing consensus and management expectations. The company reaffirmed its 2020 Ongoing Operations Adjusted EBITDA and Adjusted FCFbG guidance.

Vistra Energy reported strong 2019 results, exceeding guidance midpoint for the fourth consecutive year. The company delivered Ongoing Operations Adjusted EBITDA of $3,393 million and Net Income from Ongoing Operations of $1,035 million. Vistra is focused on further strengthening the balance sheet and providing long-term capital allocation clarity later in the year.