Financial Data and Key Metrics Changes - The ongoing operations adjusted EBITDA for Q2 2024 was $1.414 billion, reflecting a 40% year-over-year improvement, bringing the year-to-date ongoing operations adjusted EBITDA to $2.227 billion [17][19]. - The company reaffirmed its guidance for 2024 ongoing operations adjusted EBITDA in the range of $4.550 billion to $5.050 billion, with confidence in achieving the upper end of this range [6][7]. - The estimated 2025 ongoing operations adjusted EBITDA mid-point opportunity range was raised by $200 million to $5.200 billion to $5.700 billion [7][21]. Business Line Data and Key Metrics Changes - The generation segment contributed $625 million to the ongoing operations adjusted EBITDA, while the retail segment contributed $789 million [17]. - The retail business, led by the TXU Energy brand, showed year-over-year growth and solid margin performance, maintaining a top score on the PUC of Texas power to choose scorecard [5][19]. - The inclusion of the Energy Harbor businesses contributed approximately $200 million to the second quarter results and $260 million year-to-date, primarily driven by the PJM nuclear fleet [19]. Market Data and Key Metrics Changes - The company noted significant volatility in forward power price curves, with the commercial team increasing wholesale hedge balances to approximately 86% for calendar year 2025 and 55% for calendar year 2026 [20]. - The recent PJM capacity auction results indicated higher clearing prices, which are expected to signal competitive market participants and investors regarding the supply gap [12][13]. Company Strategy and Development Direction - The company focuses on an integrated business model that combines dispatchable generation assets with a strong retail business to create long-term value [7][8]. - The company is committed to a disciplined capital allocation strategy, having returned approximately $5 billion to investors since late 2021, including $4.25 billion in share repurchases [9][23]. - The company is actively pursuing renewable development opportunities, including two large-scale solar projects in Texas and Illinois, with long-term power purchase agreements signed with Amazon and Microsoft [10][24]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to generate consistent returns in the near term, despite potential macroeconomic challenges in the longer term [61][62]. - The company highlighted a potential significant supply gap in the largest markets served, driven by industrial activity, data center builds, and environmental policies leading to thermal generation retirements [12][13]. - Management emphasized the importance of maintaining a reliable and affordable energy supply while balancing sustainability and project returns [11][17]. Other Important Information - The company expects to execute at least $2.25 billion in share repurchases through 2024 and 2025, with an additional $1 billion in 2026 [23]. - The net leverage ratio at the end of the quarter was 3x ongoing operations adjusted EBITDA, with expectations to reduce it below 3x by year-end 2024 [10][23]. - The company is committed to sustainability and reducing emissions while creating a sustainable business strategy for stakeholders [11]. Q&A Session Summary Question: Consideration of investing in new gas or storage in light of PJM capacity print - Management acknowledged the progress in PJM market reforms and indicated that while the recent auction is a positive signal, it is still early to start new projects [26][28]. Question: Update on 2026 earnings guidance - Management confirmed that the $6 billion figure for 2026 remains unchanged despite recent auction results, with further updates expected in the next quarter [30][31]. Question: Impact of regulatory scrutiny on co-location opportunities - Management stated that ongoing conversations with customers have not slowed down and emphasized the importance of meeting customer needs while navigating regulatory processes [32][33]. Question: Update on new build in ERCOT and TEF proposals - Management indicated that while the curve has softened, the Texas legislature's actions to provide low-cost financing for new gas plants are encouraging, but adequate revenue signals are still necessary for project viability [47][50]. Question: Timing for data center co-location opportunities - Management noted that discussions are ongoing, and while there is strong engagement, the complexity of these deals means that timing remains uncertain [58]. Question: Near-term implications of a potential recession on power prices - Management expressed confidence in the company's ability to generate consistent returns in the near term, with a healthy baseload and residential business that are relatively recession-proof [61][62].

Wall Street expects a year-over-year increase in earnings on higher revenues when Vistra Corp. (VST) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 8. On ...

IRVING, Texas, July 31, 2024 /PRNewswire/ -- Vistra (NYSE: VST) recently published its 2023 Sustainability Report, highlighting its leading role in the energy transition and expansion, including its growing zero-carbon portfolio, groundbreaking retail solutions, and a workplace driven by diverse ideas and teams. "Our world is running on electricity now more than ever. Vistra is committed to meeting that growing demand and will lead as we both grow and transform our energy supply," said Jim Burke, Vistra pre ...

IRVING, Texas, July 30, 2024 /PRNewswire/ -- Vistra (NYSE: VST) today announced that the Nuclear Regulatory Commission has approved its request to extend the operation of Comanche Peak Nuclear Power Plant through 2053, an additional 20 years beyond its original licenses. The company submitted its application for license renewal with the NRC in October 2022. "We take pride in the part we play every day in powering the grid with carbon-free energy. Our dedicated Comanche Peak team operates the plant safely an ...

Vistra Corp. (VST) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this company have returned -18.4% over the past month versus the Zacks S&P 500 composite's +0.1% change. The Zacks Utility - Electric Power industry, to which Vistra belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term? While media releases or ru ...

Federal facilities in Illinois to be powered by nearly 80% wind energy The contract with Homefield ensures that various federal facilities are powered by nearly 80% wind energy, marking significant progress toward goals outlined in an executive order requiring the federal government to procure 100% of its net annual electricity from carbon pollution-free sources by 2030. Homefield will provide federal facilities with emission-free electricity through renewable energy Certificates (RECs) from power generatio ...

A downtrend has been apparent in Vistra Corp. (VST) lately with too much selling pressure. The stock has declined 12% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. reverse soon for reaching the old equilibrium of supply and demand. We use Relative Strength Index (RSI), one of the most commonly us ...

Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). Earnings Growth While the historical EPS growth rate for Vistra is 8.7%, investors should actually focus on the projected growth. The company's EPS is expected to grow 39% this year, crushing the industry average, which calls for EPS growth of 6.2%. Cash is the lifeblood of any b ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Vistra Corp. (VST) . Vistra currently has an average brokerage recommendation (ABR) of 1.11, o ...

IRVING, Texas, July 16, 2024 /PRNewswire/ -- Vistra (NYSE: VST) plans to report its second quarter 2024 financial and operating results on Thursday, Aug. 8, 2024, during a live conference call and webcast beginning at 10 a.m. ET (9 a.m. CT). About Vistra SOURCE Vistra Corp The live webcast can be accessed via Vistra's website at www.vistracorp.com under "Investor Relations" and then "Events & Presentations." Participants can also listen by phone by registering here prior to the start time of the call to rec ...