Financial Performance - Vistra reported a GAAP net loss of $(268) million for Q1 2025, compared to a net income of $18 million in Q1 2024[4]. - The company’s ongoing operations net loss was $(200) million for Q1 2025, compared to a net income of $43 million in Q1 2024[5]. - Net income for Q1 2025 was a loss of $268 million, compared to a profit of $18 million in Q1 2024[20]. - Adjusted EBITDA for Q1 2025 was $1,216 million, up from $790 million in Q1 2024, reflecting a significant increase in operational performance[24][25]. - Cash provided by operating activities in Q1 2025 was $599 million, compared to $312 million in Q1 2024, indicating improved cash flow generation[20]. - Interest expense and related charges for Q1 2025 were $319 million, compared to $170 million in Q1 2024, reflecting increased borrowing costs[22][25]. Operational Highlights - Ongoing Operations Adjusted EBITDA for Q1 2025 was $1,240 million, an increase of $430 million from $810 million in Q1 2024[5]. - The retail segment's Adjusted EBITDA improved to $184 million in Q1 2025, compared to a loss of $(28) million in Q1 2024[5]. - Vistra achieved commercial availability of approximately 95% across its plants during the quarter[3]. - The company is progressing with construction on a 52 MW solar-plus-storage facility at its Newton Power Plant and two solar facilities totaling over 600 MW[9]. Liquidity and Capital Expenditures - Total available liquidity as of March 31, 2025, was approximately $3,903 million, including cash and cash equivalents of $561 million[8]. - The ending cash balance for Q1 2025 was $596 million, down from $1,116 million at the end of Q1 2024, indicating a decrease in liquidity[20]. - Capital expenditures for Q1 2025 totaled $768 million, an increase from $465 million in Q1 2024, highlighting ongoing investments in infrastructure[20]. - The net change in cash, cash equivalents, and restricted cash for Q1 2025 was a decrease of $626 million, compared to a decrease of $2,423 million in Q1 2024[20]. Future Guidance - The company reaffirmed its 2025 guidance ranges for Ongoing Operations Adjusted EBITDA of $5.5 billion to $6.1 billion and Ongoing Operations Adjusted Free Cash Flow before Growth of $3.0 billion to $3.6 billion[7]. - The company expects adjusted EBITDA guidance for 2025 to be between $5,410 million and $6,010 million, reflecting anticipated growth in operations[27]. - The company anticipates a midpoint opportunity for 2026 Ongoing Operations Adjusted EBITDA of more than $6 billion[4]. Shareholder Actions - Vistra executed approximately $5.2 billion in share repurchases since November 2021, reducing shares outstanding by about 30%[9]. Other Financial Metrics - The company reported unrealized net losses from mark-to-market valuations of commodities amounting to $567 million in Q1 2025, compared to $176 million in Q1 2024[20]. - The company plans to continue its focus on nuclear decommissioning activities, with related expenses projected at $48 million for 2025[27].

Core Insights - Vistra Corp. reported a net loss of $268 million for Q1 2025, a significant decline from a net income of $18 million in Q1 2024, primarily due to unrealized mark-to-market losses on derivative positions as energy prices increased [4][19] - Ongoing Operations Adjusted EBITDA for Q1 2025 was $1,240 million, up from $810 million in Q1 2024, driven by strong retail performance and higher wholesale prices [4][6] - The company reaffirmed its 2025 guidance for Ongoing Operations Adjusted EBITDA in the range of $5.5 billion to $6.1 billion, and Ongoing Operations Adjusted Free Cash Flow before Growth in the range of $3.0 billion to $3.6 billion [6][7] Financial Performance - Operating revenues for Q1 2025 were $3,933 million, compared to $3,054 million in Q1 2024, reflecting a year-over-year increase [19] - The company’s cash flow from operations was $599 million for Q1 2025, an increase from $312 million in Q1 2024 [21] - Total available liquidity as of March 31, 2025, was approximately $3,903 million, including cash and cash equivalents of $561 million [8] Segment Performance - Adjusted EBITDA by segment for Q1 2025 included: Retail at $184 million (up from $(28) million), Texas at $490 million (up from $429 million), East at $514 million (up from $367 million), and West at $62 million (up from $56 million) [4][22] - The retail segment showed significant improvement, contributing positively to the overall financial results [4][22] Strategic Initiatives - Vistra is focusing on expanding its fleet of zero-carbon resources, including solar, energy storage, and nuclear, as part of its long-term strategy [8][11] - The company has hedged approximately 100% of its expected generation volumes for 2025 and about 90% for 2026, which supports its financial guidance [7][11] Shareholder Returns - Since November 2021, Vistra has executed approximately $5.2 billion in share repurchases, with about $1.5 billion of the share repurchase authorization remaining available [11][12] - The company continues to prioritize returning capital to shareholders while investing in growth opportunities [11][12]

Vistra Corp. (VST) is expected to deliver improvements in its top line and its earnings per share when it reports first-quarter 2025 results on May 7, before market open. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The Zacks Consensus Estimate for VST’s first-quarter revenues is pegged at $4.4 billion, indicating an increase of 44.14% from the year-ago reported figure.The Zacks Consensus Estimate for VST’s first-quarter earnings is pegged at 54 cents per share, indicating a 134.8% ...

Group 1 - The stock price of Vistra Corporation (NYSE: VST) has increased by more than 100% over the past year, yet the rating remains at "buy" for capital investment [1] - Laura Starks, the founder and CEO of Starks Energy Economics, has extensive experience in the energy sector, covering various companies including utilities and independent power producers [1] - The analysis indicates a beneficial long position in shares of VST, CEG, and NEE, highlighting a personal investment strategy in the energy sector [1]

Group 1: Company Performance - Vistra Corp. (VST) closed at $139.28, reflecting a +1.44% change from the previous session, which lagged behind the S&P 500's gain of 1.47% [1] - Over the past month, shares of Vistra Corp. have increased by 26.88%, significantly outperforming the Utilities sector's gain of 0.44% and the S&P 500's loss of 0.47% [1] Group 2: Earnings Expectations - Vistra Corp. is expected to report earnings on May 7, 2025, with an anticipated EPS of $0.54, representing a 134.78% increase compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $4.4 billion, which is a 44.14% increase from the previous year [2] Group 3: Full-Year Estimates - The full-year Zacks Consensus Estimates for Vistra Corp. indicate earnings of $5.72 per share and revenue of $21.25 billion, reflecting year-over-year changes of -18.29% for earnings and +23.35% for revenue [3] Group 4: Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates for Vistra Corp. are important as they reflect the changing dynamics of short-term business patterns, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which evaluates estimate changes, currently ranks Vistra Corp. as 3 (Hold), with the EPS estimate having moved 0.45% lower over the past month [6] Group 5: Valuation Metrics - Vistra Corp. has a Forward P/E ratio of 24.01, which is a premium compared to its industry's Forward P/E of 18.35 [7] - The PEG ratio for Vistra Corp. is currently 2.26, while the average PEG ratio for the Utility - Electric Power industry is 2.69 [7] Group 6: Industry Context - The Utility - Electric Power industry, part of the broader Utilities sector, holds a Zacks Industry Rank of 30, placing it in the top 13% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Dividend Announcements - Vistra's board declared a quarterly dividend of $0.2250 per share, amounting to an estimated total payment of approximately $75 million for the quarter, reflecting a 3% increase from the second quarter 2024 dividend [1] - A semi-annual dividend of $35.00 per share was declared for the 7.0% Series B Fixed-Rate Reset Cumulative Green Redeemable Perpetual Preferred Stock, equating to $70.00 on an annualized basis [2] - The board also declared a semi-annual dividend of $44.375 per share for the 8.875% Series C Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, which translates to $88.75 on an annualized basis [3] Company Overview - Vistra is a leading Fortune 500 integrated retail electricity and power generation company, providing essential resources across the United States from California to Maine [4] - The company focuses on energy transformation with an emphasis on reliability, affordability, and sustainability, operating a diverse power generation fleet including natural gas, nuclear, coal, solar, and battery energy storage facilities [4]

Shares of nuclear power providers Constellation Energy (CEG 8.39%), Vistra Energy (VST 6.62%), and Oklo (OKLO 12.55%) were in rally mode on Thursday, up 8%, 5.8%, and 8.5%, respectively, as of 1:45 p.m. ET.None of these three companies reported earnings or had much in the way of company news today; however, the strong financial results and forward-looking capital spending guidance from AI leaders Microsoft and Meta Platform last night appear to have reassured investors in a big way on the sustainability of ...

Vistra Corp. (VST) is trading at a premium relative to the Zacks Utility Electric Power industry, with a forward 12-month price-to-earnings (P/E) ratio of 20.41X compared to the industry average of 14.28X.The company benefits from strong residential and business results in both Texas and Midwest and Northeast markets. More than 95% of the commercial availability of its generation assets allows the company to gain by catering to the increasing demand in its service territories.Image Source: Zacks Investment ...

In the latest market close, Vistra Corp. (VST) reached $126.63, with a +1.93% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.74%. Meanwhile, the Dow gained 0.05%, and the Nasdaq, a tech-heavy index, added 1.26%.The the stock of company has risen by 4.12% in the past month, leading the Utilities sector's gain of 2.17% and the S&P 500's loss of 4.77%.Market participants will be closely following the financial results of Vistra Corp. in its upcoming release. The company ...

Nuclear energy is emerging as a key solution to the world's growing electricity demand and the transition to cleaner power sources. Unlike solar and wind, which rely on weather conditions, nuclear plants provide a constant, around-the-clock energy supply, ensuring uninterrupted power generation.The energy sector is clearly undergoing a transition, with most utilities independently committing to reducing emissions in their electricity generation. Nuclear power stands out as one of the most dependable sources ...