Vistra Q2 2020 Earnings Report
Key Takeaways
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.
Delivered second quarter 2020 Net Income of $164 million and Net Income from Ongoing Operations of $178 million.
Second quarter 2020 Ongoing Operations Adjusted EBITDA was $929 million—results above expectations for the quarter.
Reaffirmed 2020 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted Free Cash Flow before Growth (FCFbG) guidance ranges of $3,285 to $3,585 million and $2,160 to $2,460 million, respectively.
Projected to achieve nearly $700 million of the ~$760 million of identified Dynegy, Crius Energy (Crius), and Ambit Energy (Ambit) transaction synergies and Operations Performance Initiative (OPI) EBITDA value lever targets by year-end 2020.
Vistra
Vistra
Vistra Revenue by Segment
Forward Guidance
Vistra is reaffirming its 2020 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $3,285 to $3,585 million and $2,160 to $2,460 million, respectively, while currently tracking above both guidance midpoints.
Revenue & Expenses
Visualization of income flow from segment revenue to net income