Vistra Corp.'s Stock Analysis

Vistra Corp Secures Long-Term Power Purchase Agreement

Vistra Corp has entered into a 20-year power purchase agreement with a large investment-grade company to supply 1,200 MW of carbon-free power from the Comanche Peak Nuclear Power Plant. Power delivery is expected to commence in the fourth quarter of 2027, reaching full capacity by 2032. This agreement could lead to an estimated 8-10% increase in Adjusted Free Cash Flow before Growth if the customer utilizes the full capacity.

Vistra is a Fortune 500 integrated retail electricity and power generation company based in Texas, operating a diverse fleet of energy facilities. The company emphasizes reliability, affordability, and sustainability in its operations. The announcement of this agreement may influence investor sentiment due to its potential impact on future cash flow and operational stability.

Sep 29, 2025 08:00:18

Vistra Reports Second Quarter 2025 Financial Results and Updates

Vistra Corp reported its financial results for the second quarter of 2025, showing a net income of $327 million and net income from ongoing operations of $370 million. This represents a decrease of $140 million compared to the same quarter in 2024, primarily due to higher plant outage expenses and increased depreciation. Ongoing Operations Adjusted EBITDA for the quarter was $1,349 million, down $63 million from the previous year. The company has hedged approximately 100% of its expected generation volumes for 2025, supporting its guidance for the year.

In addition to its financial performance, Vistra announced a definitive agreement to acquire a 2,600-MW natural gas generation fleet across several electricity markets and received NRC approval for an extension of its Perry Nuclear Power Plant license through 2046. As of June 30, 2025, Vistra had total available liquidity of approximately $2,618 million. The company continues to focus on expanding its fleet of zero-carbon resources, including nuclear, solar, and energy storage, while maintaining a strategic approach to its core business operations.

Aug 07, 2025 07:00:44

Vistra Corp Clears 10,314 MW in Capacity Auction Results

On July 22, 2025, Vistra Corp announced its results from the PJM Capacity Auction for the planning year 2026/2027, clearing approximately 10,314 megawatts (MW) at a weighted average clearing price of $329.17 per megawatt-day. The company operates a diverse fleet of power generation facilities, including natural gas, nuclear, coal, solar, and battery energy storage, serving customers across the United States.

Vistra Corp is recognized as a leading integrated retail electricity and power generation company, focused on reliability, affordability, and sustainability. The company emphasizes a customer-centric approach in its retail business and is based in Irving, Texas. Investors should note that various risks and uncertainties could impact Vistra's financial performance, as detailed in its filings with the Securities and Exchange Commission.

Jul 22, 2025 21:03:52

Vistra Corp Amends Financial Agreements to Increase Funding Capacity

Vistra Corp's subsidiaries, TXU Energy Retail and TXU Energy Receivables, have amended their Receivables Purchase Agreement, increasing the total commitment from $1.0 billion to $1.1 billion and extending the term until July 10, 2026. This amendment aims to enhance the company's liquidity and financial flexibility.

Additionally, the Master Framework Agreement with MUFG Bank has also been amended to extend its term until July 10, 2026. These changes may positively impact Vistra Corp's financial obligations and overall funding capabilities.

Jul 16, 2025 16:35:49

Vistra Corp. Announces Acquisition of Natural Gas Generation Assets

Vistra Corp. has entered into an agreement to acquire seven natural gas generation facilities totaling approximately 2,600 megawatts from Lotus Infrastructure Partners for about $1.9 billion. This acquisition is expected to enhance Vistra's existing generation portfolio and is priced at approximately $743 per kilowatt of capacity. The company plans to finance the transaction through a combination of cash on hand and the assumption of a term loan from Lotus, with the deal anticipated to close in late 2025 or early 2026, pending regulatory approvals.

The acquisition is expected to provide immediate benefits to Vistra's shareholders, including accretion in ongoing operations. The company reiterated its commitment to a capital allocation plan that includes a long-term net leverage target of less than 3x and plans to return capital to shareholders through $300 million in annual dividends and at least $1 billion in share repurchases each year. The transaction is viewed as a strategic move to bolster Vistra's presence in key competitive markets.

May 21, 2025 08:13:53

Vistra Reports Q1 2025 Financial Results and Guidance Update

Vistra Corp. reported a net loss of $268 million for the first quarter of 2025, with cash flow from operations amounting to $599 million. The net loss from ongoing operations was $200 million, while ongoing operations adjusted EBITDA reached $1,240 million, reflecting a $430 million increase compared to the same quarter last year. This performance was attributed to strong retail operations and higher wholesale prices, despite challenges from unrealized mark-to-market losses on derivative positions due to rising energy prices. Vistra reaffirmed its 2025 ongoing operations adjusted EBITDA guidance range of $5.5 billion to $6.1 billion and ongoing operations adjusted free cash flow guidance of $3.0 billion to $3.6 billion.

Additionally, Vistra has executed approximately $5.2 billion in share repurchases since November 2021, reducing its shares outstanding by around 30%. The company maintains a robust liquidity position with approximately $3.9 billion available as of March 31, 2025. Vistra is also advancing its clean energy initiatives, including the construction of new solar and energy storage projects, and has hedged nearly all of its expected generation volumes for 2025. This strategic focus on reliability and sustainability positions Vistra to meet growing power demand while delivering value to shareholders.

May 07, 2025 07:00:34

Vistra Reports 2024 Financial Results with Increased Net Income

Vistra Corp. reported a net income of $2,812 million for the full year 2024, marking an increase of $1,320 million compared to 2023. The company's cash flow from operations reached $4,563 million, and ongoing operations adjusted EBITDA was $5,656 million, which was $856 million higher than the original guidance. Vistra also completed the acquisition of Energy Harbor and became the sole owner of its Vistra Vision subsidiary, enhancing its portfolio of carbon-free assets and retail business. Additionally, the company reaffirmed its 2025 financial guidance for ongoing operations adjusted EBITDA and adjusted free cash flow.

On the downside, while Vistra achieved significant financial milestones, the press release did not address any potential challenges or risks that could impact future performance. The company has hedged a substantial portion of its expected generation volumes for 2025, but the specifics regarding market conditions and operational risks were not detailed. Furthermore, while the share repurchase program has reduced the number of outstanding shares significantly, the impact of ongoing economic conditions and regulatory factors on the company's operations was not discussed.

Feb 27, 2025 07:55:30

Vistra Expands Board with New Director Rob Walters Appointment

Vistra has announced the appointment of Rob Walters to its board of directors, expanding the board to 11 members. Walters brings over four decades of experience in the power industry and regulatory expertise, having previously served as executive vice president and general counsel of Energy Future Holdings Corp. His addition is expected to enhance the board's perspectives in the evolving energy sector, particularly through his roles on the Sustainability and Risk Committee and the Nominating and Governance Committee.

While the addition of Walters is a positive development for Vistra, the company continues to navigate a dynamic and transformative energy landscape. The press release does not mention any specific challenges or issues currently facing the company, but it highlights the importance of strong governance and leadership in maintaining its position in the competitive energy market.

Dec 30, 2024 16:30:31

Company Submits Financial Statements Under Securities Act

The company has submitted its financial statements and exhibits as required by the Securities Exchange Act of 1934, indicating compliance with regulatory standards. This submission reflects the company's ongoing commitment to transparency and accountability in its financial reporting.

However, the press release does not provide any specific financial metrics or performance indicators, leaving stakeholders without detailed insights into the company's current financial health or operational performance. The absence of such information could lead to uncertainty among investors and analysts regarding the company's status.

Dec 19, 2024 16:30:54

Vistra Operations Company Amends Credit Agreement with Citibank

Vistra Operations Company LLC has amended its credit agreement, which involves multiple parties including Vistra Intermediate Company LLC and Citibank, N.A. This amendment indicates ongoing financial restructuring and management of credit facilities within the company. The involvement of a major bank like Citibank suggests a level of trust and collaboration in financial dealings.

However, the necessity for a credit agreement amendment may indicate previous challenges in maintaining financial stability or operational performance. The details surrounding the terms of the amendment were not disclosed, leaving uncertainty about the potential implications for the company's financial health moving forward.

Dec 16, 2024 06:05:56