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) declared a quarterly dividend of $0.177 per share, totaling approximately $75 million for this quarter and ~$150 million cumulatively in 2022. This marks an ~18% increase from Q2 2021. The dividend is payable on June 30, 2022, to stockholders of record as of June 22, 2022, with an ex-dividend date of June 21, 2022. Additionally, a semi-annual dividend of $35.972223 per share for the Series B preferred stock is set for June 15, 2022. This reflects Vistra's continued commitment to shareholder returns.
TXU Energy has recognized four Houston-area companies as winners of the 2022 TXU Energy Leadership Awards, celebrating their commitment to sustainability, energy management, community service, and innovation. Award recipients include the City of Angleton for sustainability efforts, Tubular Services for innovation in energy management, Landmark Industries for energy efficiency initiatives, and Katy Christian Ministries for community support. The awards were announced at the TXU Energy Summit in Houston, highlighting the leadership in energy responsibility within Texas.
TXU Energy has launched the Ultimate Summer Pass, offering customers 50% off energy charges from June to September and free energy charges on the hottest days each month. The plan is designed to help customers manage their energy bills during the long Texas summer by providing significant savings. The pricing will be based on data from local weather stations, ensuring a tailor-made energy plan. TXU Energy aims to enhance customer experience through this innovative offering, while also promoting the use of their app for tracking savings.
Vistra (NYSE: VST) will report its first quarter 2022 financial and operating results on May 6, 2022. A live conference call and webcast will take place starting at 8 a.m. ET. Participants can access the live webcast through the investor relations section of Vistra's website. For callers, registration is required to receive a dial-in number. A replay of the event will be available on the website for one year. Vistra is a major player in the electricity market, serving about 4.3 million customers across multiple states.
Vistra has launched its Brightside Solar Facility in Live Oak County, Texas, a 50-megawatt solar project now generating electricity as part of its Vistra Zero portfolio. This facility marks the first of seven renewable and energy storage projects expected in Texas, contributing to a $1 billion investment announced in September 2020. The Brightside facility features 147,732 solar panels, capable of powering approximately 25,000 homes. Vistra aims to expand its zero-carbon fleet to over 7,300 MW by 2026, supporting Texas's growing energy needs.
TriEagle Energy has launched the TriEagle Simple Savings Plus A/C Care plan in Texas, offering customers a price-protected electricity rate and annual maintenance services. This new plan includes one free A/C and one free heater tune-up each year, potentially saving customers up to 30% on heating and cooling costs during extreme weather. The plan features 24/7 priority service and a 15% discount on necessary repairs, aiming to provide peace of mind and energy efficiency for customers.
Vistra (NYSE: VST) announces the transition of Curt Morgan from CEO to a new leadership role effective August 1, 2022. Jim Burke, the current president and CFO, will take over as CEO, following a formal succession planning process. Morgan, who has led the company since 2016, highlighted significant transformations during his tenure, including a transition towards renewable energy. The company plans to announce Burke's successor as CFO before his new role begins. This leadership change aims to ensure continued strategic direction and value for its stakeholders.
Vistra reported a 2021 net loss of $(1,264) million, significantly impacted by the Winter Storm Uri. Despite this, the company's Ongoing Operations Adjusted EBITDA was $1,941 million, slightly above guidance. Operating cash flow was $(206) million, while Adjusted Free Cash Flow before growth stood at $179 million. Vistra reaffirmed its 2022 EBITDA guidance of $2,810 to $3,310 million and Free Cash Flow guidance of $2,070 to $2,570 million. The firm also executed $764 million in share repurchases under a $2 billion program and introduced a dividend program starting Q1 2022, reflecting a 13% increase.
Vistra (NYSE: VST) has declared a quarterly dividend of $0.17 per share, totaling $75 million for Q1 2022, a 13% increase from the previous year. This dividend is payable on March 31, 2022, with a record date of March 22, 2022, and an ex-dividend date of March 21, 2022. The CEO noted an annual allocation of $300 million for dividends, enhancing shareholder returns. Additionally, a semi-annual dividend of $40.00 per share for Series A preferred stock will be paid on April 15, 2022.
Texas Brine Company and Pure Salt Baytown, leaders in brine production, signed a renewable energy contract with TXU Energy to power their Gulf Coast facilities using 100% renewable resources. This agreement will supply approximately 60 million kilowatt hours of clean energy, reducing CO2 emissions by 26,000 metric tons, equivalent to the annual consumption of 4,670 homes. The move aligns with their commitment to sustainability and the Responsible Care© initiative.
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