Vistra Q1 2023 Earnings Report
Key Takeaways
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.
Recorded first quarter 2023 Net Income of $698 million and Net Income from Ongoing Operations of $725 million and achieved Ongoing Operations Adjusted EBITDA of $554 million.
Reaffirmed 2023 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges.
Made progress towards closing the acquisition of Energy Harbor Corp., which is expected in fourth quarter 2023.
Continued to execute on the $4.25 billion share repurchase program, repurchasing ~$2.7 billion from Nov. 2, 2021 through May 4, 2023, representing a repurchase of ~23% of the shares outstanding.
Vistra
Vistra
Vistra Revenue by Segment
Forward Guidance
Vistra reaffirmed its 2023 guidance ranges of Ongoing Operations Adjusted EBITDA of $3,400 million to $4,000 million and Ongoing Operations Adjusted FCFbG of $1,750 million to $2,350 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income