Fluor(US:FLR)2022-05-06 16:39Q1 2022 Performance and Guidance - Q1 2022 Ongoing Operations Adjusted EBITDA was $547 million[14] - Vistra reaffirmed its 2022 Ongoing Operations Adjusted EBITDA guidance of $2810 million - $3310 million[14] - Vistra reaffirmed its 2022 Adjusted FCFbG guidance of $2070 million - $2570 million[14] Capital Allocation - Vistra executed ~$1195 million of the authorized $2 billion share repurchase program as of May 3, 2022[20] - ~4318 million shares remain outstanding as of May 3, 2022, a ~105% reduction since November 2021[20] - The board approved a quarterly dividend of $0177 per share that will be paid on June 30, 2022 (~18% increase over dividend paid June 30, 2021)[20] - Available liquidity as of May 5, 2022, was ~$21 billion[20] Hedging Strategy - As of March 31, 2022, Vistra is 93% and 96% hedged in Texas and East, respectively, for 2022[22] - As of March 31, 2022, Vistra is 60% and 67% hedged in Texas and East, respectively, for 2023[22] - Vistra's Ongoing Operations Adjusted EBITDA mid-point opportunity is in the range of $35 billion - $37 billion from 2023 to 2025[24] Vistra Zero Portfolio - Vistra expects to grow the Vistra Zero portfolio to ~7300 MW by 2026[27] - Construction completed on 158 MW of additional solar generation[12, 30] - Construction completed on 260 MW of battery storage[12, 33]