Vistra Corp

Latest Results (17.12.2024):

Net Income and Cash Flow

In the third quarter of 2024, Vistra Corp reported a GAAP net income of $1,837 million and cash flow from operations amounting to $1,702 million. This significant increase in net income compared to the previous year was primarily driven by unrealized mark-to-market gains on derivative positions and the addition of Energy Harbor.

Ongoing Operations Performance

Vistra Corp's net income from ongoing operations for the third quarter of 2024 was $1,855 million, with an ongoing operations adjusted EBITDA of $1,444 million. Despite a decrease in adjusted EBITDA by $169 million from the third quarter of 2023, the company maintained strong performance due to strategic acquisitions and operational efficiencies.

Guidance and Outlook

Vistra Corp has raised and narrowed its 2024 guidance ranges for ongoing operations adjusted EBITDA to $5.0 billion – $5.2 billion and ongoing operations adjusted FCFbG to $2.65 billion – $2.85 billion. Additionally, the company initiated 2025 guidance ranges, projecting ongoing operations adjusted EBITDA between $5.5 billion and $6.1 billion, and adjusted FCFbG between $3.0 billion and $3.6 billion.

Share Repurchase Program

As of November 4, 2024, Vistra Corp has executed approximately $4.58 billion in share repurchases since November 2021, reducing its outstanding shares by about 30%. The Board of Directors has authorized an additional $1.0 billion for share repurchases, with $2.2 billion remaining available, expected to be utilized by the end of 2026.

Clean Energy Investments

Vistra Corp continues to expand its zero-carbon resources, securing power purchase agreements for over 600 MW of new solar facilities with Amazon and Microsoft. The company is also increasing its nuclear ownership by acquiring the remaining 15% minority interest in Vistra Vision, enhancing its portfolio of carbon-free assets. Additionally, the Nuclear Regulatory Commission has approved the extension of Comanche Peak's operating licenses, further solidifying Vistra's commitment to clean energy.