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) has declared a quarterly dividend of $0.15 per share, amounting to $0.60 annually. This dividend will be paid on December 30, 2021, to shareholders of record by December 16, 2021. The ex-dividend date is December 15, 2021.
Vistra is a leading integrated retail electricity and power generation company, serving approximately 4.3 million customers across the U.S., Canada, and Japan, with a power generation capacity of about 39,000 megawatts.
Vistra (NYSE: VST) will report its third quarter 2021 financial results on November 5, 2021. The live conference call begins at 8 a.m. ET and will be accessible via the investor relations section of its website. Participants can also join by phone after registering online. A replay will be available for one year post-call. Vistra operates as a leading integrated electricity and power generation company, serving approximately 4.3 million customers with a diverse energy portfolio, including renewable options. The company emphasizes sustainable practices and community engagement.
Luminant, a subsidiary of Vistra (NYSE: VST), was awarded the 2021 Excellence in Surface Coal Mining Reclamation Award by the Office of Surface Mining Reclamation and Enforcement (OSM) for its exceptional reclamation efforts at the Monticello-Winfield Mine. The mine, operational since 1974 and closed in 2015, has seen over 15,500 acres reclaimed. Notable achievements include increasing prime farmland soil from 21% to 34% in the H-area and planting over 780,000 pine tree seedlings. The total area of wetlands and ponds expanded significantly, showcasing Luminant's commitment to environmental stewardship.
On October 12, 2021, Vistra Corp. (NYSE: VST) announced a $2 billion share repurchase program, superseding its previous $1.5 billion plan. The company intends to utilize net proceeds from a $1 billion private offering of preferred stock to begin buybacks as early as November 2021. This initiative aligns with Vistra's capital allocation strategy aimed at enhancing shareholder returns. The program is part of a broader strategic review that focuses on long-term value creation through a diversified generation fleet and a commitment to zero-carbon growth, alongside a goal to reduce debt and maintain a strong balance sheet.
TXU Energy, a top retail electricity provider in Texas, has launched a new plan called TXU Energy Freedom Rewards. This innovative plan enables customers to earn 30% in free electricity for every dollar spent on energy charges throughout the year. Customers accumulate Energy Cash rewards monthly, which can be redeemed anytime without limits or expiration dates. This initiative promises flexibility and control over electricity savings, aiming to enhance customer satisfaction.
Vistra (NYSE: VST), based in Irving, Texas, announced that CEO Curt Morgan and CFO Jim Burke will participate in a fireside chat at Wolfe Research's Utilities, Midstream & Clean Energy Conference on September 30, 2021, at 2:45 p.m. ET. The event will be broadcast live, with a replay available on Vistra's website for one year. Vistra serves nearly 4.3 million customers and is the largest competitive power generator in the U.S., with a capacity of approximately 39,000 megawatts.
On September 15, 2021, Illinois Governor J.B. Pritzker signed SB 2408, the Energy Transition Act, which aims for 100% clean energy in Illinois. Supported by Vistra (NYSE: VST), the act includes the Coal to Solar & Energy Storage initiative, allowing Vistra to develop up to 300 MW of solar and 150 MW of battery storage at retired coal sites. The project is expected to create over 2,200 jobs and generate $300 million for the state economy by 2025, with an investment exceeding $550 million. Vistra plans to significantly reduce its greenhouse gas emissions by 2027.
Vistra has completed Phase II of its Moss Landing Energy Storage Facility in California, expanding its capacity to 400 MW/1,600 MWh, making it the world's largest battery storage system. The 100 MW expansion addresses California's growing energy demands, particularly during summer peaks. Construction, which began in September 2020, finished ahead of schedule in July 2021. The project features technology from LG Energy Solution and operates under a 10-year agreement with Pacific Gas and Electric Company. Vistra plans to invest $5 billion in renewable energy and battery storage by 2030.
Vistra reported Q2 2021 net income of $35 million, with ongoing operations net income at $49 million. Adjusted EBITDA for ongoing operations was $825 million, reflecting adjustments for Winter Storm Uri, and was in line with expectations. The company reaffirmed its 2021 guidance for ongoing operations adjusted EBITDA between $1,475 million and $1,875 million. Additionally, Vistra's liquidity stood at approximately $2,337 million. The firm is implementing enhanced weatherization measures and plans to retire two coal plants by 2022.
Vistra (NYSE: VST) has launched TXU Business Surge Protect, designed to safeguard small businesses from surge damage. This plan offers reimbursement up to $10,000 for covered electronics without any deductible, enhancing Vistra's suite of customer-focused services. With unpredictable Texas weather, this tool aims to provide business owners peace of mind and control over potential storm-related costs. The plan is backed by Cinch Home Services, a provider with over 35 years of experience.
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