Welcome to our dedicated page for Vistra news (Ticker: VST), a resource for investors and traders seeking the latest updates and insights on Vistra stock.
Vistra Corp. (NYSE: VST) is a leading integrated retail electricity and power generation company based in Irving, Texas. With operations spanning 20 states and the District of Columbia, Vistra is committed to providing reliable and affordable energy solutions to approximately 5 million customers, including nearly a third of all Texas electricity consumers.
Vistra's diverse generation portfolio is robust, including nearly 41 gigawatts of nuclear, coal, natural gas, and solar power, supported by one of the largest utility-scale battery projects in the world. The company's power generation assets in Texas alone comprise about 18,000 MW, with a mix of nuclear, coal, and natural gas facilities, as well as significant renewable energy purchases from wind and solar sources.
Recent significant developments include the acquisition of Energy Harbor, which was finalized in March 2024 after receiving the last regulatory approval from the Federal Energy Regulatory Commission (FERC). This acquisition expanded Vistra's zero-carbon generation portfolio by adding over 4,000 MW of nuclear power and approximately 1 million additional retail customers.
Financially, Vistra demonstrates strong performance and stability, with positive cash flows and strategic growth initiatives. The company reported a net income of $1,492 million for the full year 2023, significantly improving over the previous year. Vistra's hedging strategies and comprehensive approach to risk management underscore its ability to navigate market uncertainties and deliver consistent financial results.
Vistra is also at the forefront of energy transformation, with ongoing investments in solar and battery storage projects. In 2024, Vistra announced plans to add up to 2,000 MW of natural gas power capacity in Texas, aimed at bolstering grid reliability amidst increasing power demand driven by economic growth and electrification in various sectors.
The company’s retail arm, TXU Energy, is the #1 electricity choice in Texas, providing innovative plans like TXU Energy Free EV Miles℠, supporting the transition to electric vehicles by offering free home EV charging backed by 100% renewable sources.
Vistra's commitment to operational excellence, customer-centric solutions, and sustainable energy practices makes it a pivotal player in the US energy sector. With a vision for future growth and a strong foundation built on over a century of expertise, Vistra continues to drive forward the energy landscape.
Vistra (NYSE: VST) announced two significant developments in Illinois: the connection of two utility-scale solar projects to the grid and the extension of its Baldwin Power Plant operations through 2027 (previously set to retire in 2025). The 1,185-MW Baldwin plant will continue operating to address reliability concerns in the MISO market while meeting EPA obligations.
The company has completed a new 68-MW solar and 2-MW/8-MWh energy storage system at Baldwin, a $135-million investment featuring over 200,000 solar panels across 420 acres. Additionally, a 44-MW solar facility at the Coffeen Power Plant is now operational, with more projects planned including a 52-MW solar facility at Newton Power Plant and a 405-MW facility at the retired EEI-Joppa site.
The Baldwin plant, which powers approximately 592,500 homes, provides significant economic benefits, including 298 full-time jobs and $262 million in regional economic output.
Dynegy and Homefield Energy announced five winners for their 2024 Energy Leadership Awards, recognizing excellence in energy management, innovation, engagement, sustainability, and community leadership. Notable achievements include:
United Dairy Farmers achieved 75% power reduction and $50,000 maintenance cost savings through LED upgrades; Logoplaste received $14,000 in Greenback Rebates for cooling system improvements; Peoria Civic Center underwent a $45 million renovation with projected 18-month energy savings payback; Ebara Elliott Energy committed to 100% Green-E® certified wind power; and Dollar Energy Fund received over $100,000 from Dynegy since 2020, supporting more than 1,700 individuals with utility assistance.
Vistra Corp. (NYSE: VST) has priced a private offering of $1.25 billion in senior secured notes, comprising $500 million due 2026 at 5.050% interest and $750 million due 2034 at 5.700% interest. The notes will be issued by Vistra Operations Company and guaranteed by certain subsidiaries. Proceeds will be used for general corporate purposes, including debt refinancing and funding the early payout of Vistra Vision purchase installment payments to Avenue Capital Management. The company plans to pay approximately $506 million to Avenue on December 31, 2024, to extinguish approximately $550 million in future payments. The offering is expected to close on December 4, 2024.
Vistra Corp. (NYSE: VST) announced a private offering of senior secured notes due 2026 and 2034 to qualified institutional buyers. The notes will be issued by Vistra Operations Company and guaranteed by certain subsidiaries. The proceeds will be used for general corporate purposes, including refinancing debt and funding the early payout of Vistra Vision purchase installment payments to Avenue Capital Management II. The company plans to extinguish approximately $550 million in installment payments through a payment of about $506 million on December 31, 2024. Upon pricing of at least $1.25 billion, Vistra intends to amend the Class B Unit Purchase Agreement with Avenue, bringing the total payment at closing to approximately $820 million.
Vistra (NYSE: VST) reported strong Q3 2024 financial results, with GAAP net income of $1,837 million and cash flow from operations of $1,702 million. Net income from ongoing operations reached $1,855 million, while ongoing operations adjusted EBITDA was $1,444 million. The company raised and narrowed its 2024 guidance ranges, projecting ongoing operations adjusted EBITDA between $5.0 billion and $5.2 billion, and adjusted FCFbG between $2.65 billion and $2.85 billion. For 2025, Vistra initiated guidance ranges of $5.5 billion to $6.1 billion for ongoing operations adjusted EBITDA and $3.0 billion to $3.6 billion for adjusted FCFbG.
The board authorized an additional $1.0 billion in share repurchases, expected to be completed by year-end 2026. Vistra also announced a pending acquisition of a 15% minority interest in Vistra Vision for approximately $3.1 billion, which will increase its ownership of zero-carbon assets. As of September 30, 2024, Vistra had total liquidity of $3,995 million. The company continues to invest in clean energy, securing power purchase agreements and extending nuclear operating licenses.
TXU Energy and Texas Trees Foundation (TTF) are launching a statewide tree-planting campaign to mark their 20-year partnership. The initiative involves planting 400 trees across ten Texas communities through the TXU Energy Urban Tree Farm and Education Center. The farm, sponsored by TXU Energy since 2004, is located at Dallas College – Richland Campus and serves as TTF's tree nursery and education center. Planting events are scheduled throughout November 2023 in various locations, including 50 trees at Fort Worth ISD's Riverside Applied Learning Center, 150 trees at Irving's tree nursery, 50 trees at Dallas' Bushman Park, and 30 trees at Harris County's Adair Park.
Vistra (NYSE: VST) has announced dividend declarations for its common stock and preferred series. The company will pay a quarterly dividend of $0.2215 per common share (approximately $75 million total) on Dec. 31, 2024, to stockholders of record as of Dec. 20, 2024. For Series B preferred stock, a semi-annual dividend of $35.00 per share will be paid on Dec. 16, 2024. Series C preferred stockholders will receive a semi-annual dividend of $44.375 per share on Jan. 15, 2025.
Vistra (NYSE: VST) has announced that it will release its third quarter 2024 financial and operating results on Thursday, November 7, 2024. The company will host a live conference call and webcast at 10 a.m. ET (9 a.m. CT) to discuss the results. Interested parties can access the webcast through Vistra's website under the 'Investor Relations' section and 'Events & Presentations' subsection. For those who prefer to listen by phone, registration is required prior to the call to receive dial-in information. A replay of the webcast will be available on Vistra's website for one year following the event, providing extended access to the information presented.
TXU Energy has announced the recipients of its 2024 Energy Leadership Awards, recognizing three North Texas organizations for their outstanding achievements in energy management, sustainability, and community leadership. The winners are:
1. City of Southlake for Leadership in Energy Management: Purchases 100% renewable energy and installed EV charging stations.
2. O'Reilly Auto Enterprises for Leadership in Sustainability: Committed to net-zero emissions by 2050 and implements comprehensive sustainability practices.
3. PATH for Leadership in Community: Provided over $1.3 million in electricity bill assistance and distributed 1,500+ fans to help residents stay cool.
The awards were announced at the TXU Energy Summit in Arlington, highlighting corporate and nonprofit leaders in energy responsibility and innovation.
Vistra Corp. (NYSE: VST) has announced a significant transaction to acquire the remaining 15% equity interest in Vistra Vision from minority investors Nuveen and Avenue Capital Management. This $3.085 billion deal will make Vistra the sole owner of Vistra Vision, which includes zero-carbon nuclear, energy storage, solar generation assets, and retail business. The transaction is expected to close on Dec. 31, 2024, with payments structured over two years.
Key highlights include:
- Immediate accretion to shareholders
- Exceeding mid-teens levered return thresholds
- Commitment to long-term net leverage target of less than 3x
- Plans for at least $2.25 billion in share repurchases in 2024-2025, and $1 billion in 2026
This strategic move simplifies Vistra's structure and increases shareholder ownership of valuable carbon-free assets in key growing U.S. markets.
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