Vistra Q3 2023 Earnings Report
Key Takeaways
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 recorded a Net Income of $502 million and an Ongoing Operations Adjusted EBITDA of $1,613 million in Q3 2023.
The company raised its 2023 Ongoing Operations Adjusted EBITDA guidance range to $3.95 billion to $4.10 billion.
Vistra initiated its 2024 Ongoing Operations Adjusted EBITDA guidance range of $3.7 billion to $4.1 billion.
The company's generation fleet achieved high commercial availability during the record-breaking summer in ERCOT.
Vistra
Vistra
Vistra Revenue by Segment
Forward Guidance
Vistra initiated its 2024 Ongoing Operations Adjusted EBITDA guidance range of $3.7 billion to $4.1 billion and Ongoing Operations Adjusted FCFbG guidance ranges of $1.9 billion to $2.3 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income