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Sep 30, 2020
Vistra Q3 2020 Earnings Report
Reported third quarter results above expectations and reaffirmed 2020 and 2021 guidance.
Key Takeaways
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.
Delivered third quarter 2020 Net Income of $442 million and Net Income from Ongoing Operations of $502 million.
Third quarter 2020 Ongoing Operations Adjusted EBITDA was $1,185 million—results above expectations for the quarter.
Reaffirmed 2020 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted Free Cash Flow before Growth guidance ranges, as raised and narrowed on Sept. 29, of $3,485 to $3,685 million and $2,375 to $2,575 million, respectively.
Reaffirmed 2021 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges, initiated on Sept. 29, of $3,075 to $3,475 million and $1,765 to $2,165 million, respectively.
Revenue by Segment
Forward Guidance
Vistra is reaffirming both its 2020 and 2021 Ongoing Operations guidance ranges, forecasting 2020 Ongoing Operations Adjusted EBITDA of $3,485 to $3,685 million, 2020 Ongoing Operations Adjusted FCFbG of $2,375 to $2,575 million, 2021 Ongoing Operations Adjusted EBITDA of $3,075 to $3,475 million, and 2021 Ongoing Operations Adjusted FCFbG of $1,765 to $2,165 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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