Vistra(US:VST)2021-02-26 19:24Winter Storm Uri Impact - Vistra preliminarily estimates a one-time adverse financial impact from Winter Storm Uri in the range of approximately $(0.9) - $(1.3) billion[17] - Vistra estimates it produced approximately 25-30% of power generated during the storm, compared to its market share of approximately 18%[16] Financial Performance - Vistra's Ongoing Operations Adjusted EBITDA for 2020 was $3766 million, approximately 11% above 2019 results[25] - Vistra's Ongoing Operations Adjusted FCFbG for 2020 was $2582 million, approximately 6% above 2019 results[25] - Vistra repaid >$1.5 billion in debt in 2020, achieving a long-term leverage target of 2.5x Net Debt to Adj EBITDA by year-end 2020[23,45] Strategic Initiatives - Vistra realized $400 million of OPI savings in Generation segments in 2020, $100 million more than projected[23] - Vistra announced approximately $1.15 billion of investment opportunities in solar and storage projects in 2021 and 2022[23] - Vistra enhanced ESG transparency and accelerated GHG emissions reduction targets to 60% by 2030 compared to a 2010 baseline, and net-zero by 2050[23] Capital Allocation - Vistra executed approximately $125 million of its $1.5 billion share repurchase program through Feb 23, 2021, repurchasing approximately 5.9 million shares at an average price of $21.15/share[45] - Vistra authorized a quarterly dividend of $0.15 per share ($0.60 per share annually), an approximately 11% increase vs 2020 annual dividend[45]