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Vistra Corp. (VST) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-07-10 22:52
In the latest market close, Vistra Corp. (VST) reached $92.31, with a +1% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.09%, and the technology-dominated Nasdaq saw an increase of 1.18%. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Vistra Corp. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revi ...
Forget Boring Utilities - AI-Boosted Vistra Is My New Favorite
Seeking Alpha· 2024-06-29 11:47
FireflyLight/iStock via Getty Images Some utilities are boring. There's no question about it. Their business models are straightforward and come with great income visibility. Moreover, they often come with juicy dividends that account for a big part of the total return. Over the past ten years, the Utilities ETF (XLU) has seen a 56% stock price increase. Including dividends, the total return more than doubles to 118%. Unfortunately, not even including dividends was the XLU ETF able to outperform the S&P 500 ...
Vistra(VST) - 2024 Q1 - Quarterly Report
2024-05-09 22:49
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 — OR — ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number 001-38086 Vistra Corp. (Exact name of registrant as specified in its charter) Delaware 36-4833255 (State or other j ...
Vistra(VST) - 2024 Q1 - Earnings Call Transcript
2024-05-08 20:53
Vistra Corp. (NYSE:VST) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Eric Micek - Vice President of Investor Relations Jim Burke - President & Chief Executive Officer Kristopher Moldovan - Executive Vice President & Chief Financial Officer Steve Muscato - Executive Vice President & Chief Commercial Officer Scott Hudson - President of the Retail Business Conference Call Participants Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI David Arcaro - Morgan Stanle ...
Vistra(VST) - 2024 Q1 - Quarterly Results
2024-05-08 11:01
Exhibit 99.1 Vistra Reports First Quarter 2024 Results, Raises Expectations for Energy Harbor and Consolidated Adjusted EBITDA Earnings Release Highlights IRVING, Texas — May 8, 2024 — Vistra Corp. (NYSE: VST) today reported its first quarter 2024 financial results and other highlights. "It's been an exciting start to 2024 for Vistra with the team delivering on multiple fronts. I'm proud of our ability to successfully close the acquisition of Energy Harbor within two weeks of receiving FERC approval. Our te ...
Vistra(VST) - 2023 Q4 - Annual Report
2024-02-29 02:35
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 — OR — ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number 001-38086 Vistra Corp. (Exact name of registrant as specified in its charter) | Delaware | 36-4833255 | | --- | --- | | ...
Vistra(VST) - 2023 Q4 - Earnings Call Transcript
2024-02-28 16:30
Vistra Corp. (NYSE:VST) Q4 2023 Earnings Conference Call February 28, 2024 10:00 AM ET Company Participants Eric Micek - Vice President of Investor Relations Jim Burke - President & Chief Executive Officer Kris Moldovan - Executive Vice President & Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Bank of America Durgesh Chopra - Evercore ISI Michael Sullivan - Wolfe Research Angie Storozynski - Seaport Operator Goo ...
Vistra(VST) - 2023 Q4 - Earnings Call Presentation
2024-02-28 15:19
Fourth Quarter and Full-Year 2023 Results Feb. 28, 2024 ● ● ● ● ● ● ● ● ● ● ● ● ● ● � � 000000000000000000000000000 ● ● ● ● ● ● ● ● � � � � ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● 000000000000000000000000000 ● ● ● ● ● ● ● ● � � Safe Harbor Statements Cautionary Note Regarding Forward-Looking Statements The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based o ...
Vistra(VST) - 2023 Q4 - Annual Results
2024-02-28 12:06
Financial Performance - Full-year 2023 Net Income of $1,492 million and Cash Flow from Operations of $5,453 million[5] - Operating revenues for 2023 increased to $14.779 billion, up 7.7% from $13.728 billion in 2022[33] - Net income attributable to Vistra common stock for 2023 was $1.343 billion, a significant improvement from a net loss of $1.377 billion in 2022[33] - Cash provided by operating activities in 2023 was $5.453 billion, compared to $485 million in 2022[35] - Adjusted EBITDA for 2023 was $4.101 billion, with the Retail segment contributing $1.105 billion and the Texas segment contributing $1.770 billion[39] - Vistra's consolidated net income for the year ended December 31, 2023, was a loss of $1,210 million, with ongoing operations contributing a net income of $1,158 million and Texas segment reporting a loss of $615 million[43] - Adjusted EBITDA for the year ended December 31, 2023, was $2,994 million, with ongoing operations contributing $3,119 million and asset closure resulting in a negative impact of $125 million[43] - Vistra's adjusted free cash flow for the year ended December 31, 2023, was $2,422 million, with ongoing operations contributing $2,491 million and asset closure resulting in a negative impact of $69 million[47] Share Repurchases and Capital Allocation - Vistra repurchased approximately 98% of the outstanding beneficial interests in the TRA Rights, increasing expected free cash flow over the next several years[12] - Vistra's Board authorized an additional $1.5 billion of share repurchases, expected to be utilized by year-end 2025[5] - Vistra expects to spend $2.25 billion on share repurchases in 2024 and 2025[11] - Stock repurchases in 2023 amounted to $1.245 billion, down from $1.949 billion in 2022[37] Liquidity and Debt - Vistra's total available liquidity as of Dec. 31, 2023, was approximately $5,799 million, including cash and cash equivalents of $3,485 million[19] - The company's cash, cash equivalents, and restricted cash balance at the end of 2023 was $3.539 billion, up from $525 million at the end of 2022[37] - The company issued $2.498 billion in long-term debt in 2023, compared to $1.498 billion in 2022[37] Hedging and Risk Management - Vistra has hedged approximately 99% of its expected generation volumes for the remainder of 2024 and 87% for 2025[10] - Winter Storm Uri had a negative impact of $319 million on adjusted EBITDA, primarily due to a $183 million reduction in ERCOT default uplift charges and $144 million in bill credits to large commercial and industrial customers[45] Capital Expenditures and Investments - Capital expenditures in 2023 totaled $1.676 billion, up 28.8% from $1.301 billion in 2022[37] - Vistra's capital expenditures for the year ended December 31, 2023, included $227 million in LTSA prepaid capital expenditures[48] - The company's 2024 guidance includes $745 million in solar and storage development expenditures and $74 million in other growth expenditures[50] Guidance and Future Expectations - Ongoing Operations Adjusted EBITDA for 2023 was $4,140 million, $440 million higher than the midpoint of the original guidance range[5] - Vistra's 2024 standalone guidance ranges for Ongoing Operations Adjusted EBITDA is $3,700 - $4,100 million[9] - Vistra's 2024 guidance for adjusted EBITDA ranges between $3,555 million and $4,055 million, with ongoing operations expected to contribute between $3,700 million and $4,100 million[50] - The company's 2024 guidance for free cash flow ranges between $1,480 million and $1,980 million, with ongoing operations expected to contribute between $1,732 million and $2,132 million[50] - Vistra's 2024 guidance for adjusted free cash flow before growth ranges between $1,650 million and $2,150 million, with ongoing operations expected to contribute between $1,900 million and $2,300 million[50] Acquisitions and Strategic Initiatives - Vistra expects to close the Energy Harbor acquisition on March 1, 2024, adding over 4,000 MW of nuclear generation and approximately 1 million retail customers[15] - Vistra plans to start construction on three larger Illinois solar and energy storage projects in spring 2024[17] Other Financial Items - The company recognized a $29 million gain on the repurchase of TRA Rights in December 2023[40] - Estimated bill credits to be applied in future periods are approximately $11 million for 2024 and $26 million for 2025[41] - The Texas segment's depreciation and amortization for the year ended December 31, 2023, included $86 million in nuclear fuel amortization[44]
Vistra(VST) - 2023 Q3 - Earnings Call Transcript
2023-11-07 16:54
Vistra Corp. (NYSE:VST) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Meagan Horn - Vice President of Investor Relations, Sustainability & Purpose Jim Burke - President & Chief Executive Officer Kris Moldovan - Executive Vice President & Chief Financial Officer Scott Hudson - President, Vistra Retail Conference Call Participants Michael Sullivan - Wolfe Research Julien Dumoulin-Smith - Bank of America David Arcaro - Morgan Stanley Angie Storozynski - Seaport Durgesh Chopr ...