Jun 30, 2022

Vistra Q2 2022 Earnings Report

Vistra experienced a net loss due to mark-to-market hedging losses but delivered strong Ongoing Operations Adjusted EBITDA and authorized an additional share repurchase program.

Key Takeaways

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 experienced a Net Loss of $(1,357) million due to unrealized mark-to-market hedging losses.

The company delivered Ongoing Operations Adjusted EBITDA of $761 million.

Vistra has hedged over 60% of its expected generation volumes for 2023-2025, with 2023 hedged at approximately 80%.

An incremental $1.25 billion was authorized for share repurchases, bringing the total authorization to $3.25 billion since November 2021.

Total Revenue
$1.59B
Previous year: $2.57B
-38.1%
EPS
-$3.27
Previous year: $0.15
-2280.0%
Ongoing Ops Net Income
-$1.31B
Previous year: $49M
-2777.6%
Ongoing Ops Adj. EBITDA
$761M
Previous year: $909M
-16.3%
Gross Profit
-$1.01B
Previous year: $816M
-223.7%
Cash and Equivalents
$1.87B
Previous year: $444M
+321.4%
Free Cash Flow
-$1.55B
Previous year: $242M
-742.1%
Total Assets
$37.5B
Previous year: $27B
+38.7%

Vistra

Vistra

Vistra Revenue by Segment

Forward Guidance

Vistra is reaffirming its 2022 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $2,810 to $3,310 million and $2,070 to $2,570 million, respectively.

Revenue & Expenses

Visualization of income flow from segment revenue to net income