Vistra Q4 2021 Earnings Report
Key Takeaways
Vistra reported Q4 2021 Net Income of $731 million, a significant increase compared to the previous year, driven by ERCOT securitization and hedging transactions. The company's Adjusted EBITDA from Ongoing Operations was $1,165 million, also benefiting from the ERCOT securitization.
Net Income for Q4 2021 was $731 million, a $757 million increase year-over-year.
Ongoing Operations Adjusted EBITDA for Q4 2021 was $1,165 million, driven by ERCOT securitization.
Retail segment Adjusted EBITDA was $937 million, up $526 million year-over-year due to ERCOT securitization.
Generation segments' Adjusted EBITDA totaled $228 million, a decrease of $163 million year-over-year.
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