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Vistra Q1 Earnings In Line With Estimates, Revenues Rise Y/Y
VSTVistra(VST) ZACKS·2025-05-09 18:30

Core Insights - Vistra (VST) reported first-quarter 2025 earnings of 46 cents per share, matching the Zacks Consensus Estimate, and showing an increase from 23 cents per share in the same quarter last year [1] - Total revenues for the quarter were 3.93billion,missingtheZacksConsensusEstimateof3.93 billion, missing the Zacks Consensus Estimate of 4.4 billion by 10.7%, but representing a 28.8% increase from 3.05billionintheyear−agoquarter[1]FinancialPerformance−Fuel,purchasedpowercosts,anddeliveryfeesamountedto3.05 billion in the year-ago quarter [1] Financial Performance - Fuel, purchased power costs, and delivery fees amounted to 2.45 billion, up 42.4% from 1.72billionintheyear−agoquarter[2]−Operatingcoststotaled1.72 billion in the year-ago quarter [2] - Operating costs totaled 693 million, a 39.2% increase from 498millioninthepreviousyear[2]−Selling,general,andadministrativeexpenseswere498 million in the previous year [2] - Selling, general, and administrative expenses were 391 million, up 11.4% from 351millionintheyear−agoquarter[2]−Thecompanyreportedanoperatinglossof351 million in the year-ago quarter [2] - The company reported an operating loss of 120 million compared to an income of 86millioninthesamequarterlastyear[2]InterestandShareRepurchase−Interestexpensesandrelatedchargeswere86 million in the same quarter last year [2] Interest and Share Repurchase - Interest expenses and related charges were 319 million, compared to 170millionintheprior−yearperiod[3]−SinceNovember2021,Vistraexecuted170 million in the prior-year period [3] - Since November 2021, Vistra executed 5.2 billion in share repurchases, reducing shares outstanding by 30% to 339.3 million, with 1.5billionofthesharerepurchaseauthorizationremaining[3]CashFlowandCapitalExpenditures−Cashandcashequivalentswere1.5 billion of the share repurchase authorization remaining [3] Cash Flow and Capital Expenditures - Cash and cash equivalents were 0.56 billion as of March 31, 2025, down from 1.22billionasofDecember31,2024[4]−Netcashflowfromoperatingactivitiesinthefirstthreemonthsof2025was1.22 billion as of December 31, 2024 [4] - Net cash flow from operating activities in the first three months of 2025 was 599 million, compared to 312millionintheyear−agoperiod[4]−Totalcapitalexpendituresforthequarterwere312 million in the year-ago period [4] - Total capital expenditures for the quarter were 768 million, up from 465millionayearago[4]Guidance−Thecompanyexpectsits2025ongoingoperationsadjustedEBITDAtobeintherangeof465 million a year ago [4] Guidance - The company expects its 2025 ongoing operations adjusted EBITDA to be in the range of 5.5 billion to 6.1billionandongoingoperationsadjustedFreeCashFlowBeforeGrowthtobebetween6.1 billion and ongoing operations adjusted Free Cash Flow Before Growth to be between 3.0 billion and $3.6 billion [5] Zacks Rank - Vistra currently holds a Zacks Rank 2 (Buy) [6]