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 Corp. (NYSE: VST) announced a private offering of $1.25 billion in senior unsecured notes, maturing in 2029, with an interest rate of 4.375% per annum. The offering aims to repay its Term Loan A Facility and cover related fees. The close is expected on May 10, 2021. These notes will be guaranteed by current and future subsidiaries of the issuer and are not registered under the Securities Act, limiting their sale. This strategic move aligns with Vistra's financial management and growth strategy.
Vistra (NYSE: VST) has declared a quarterly dividend of $0.15 per share, equating to $0.60 annually. The dividend is payable on June 30, 2021, to shareholders of record as of June 16, 2021, with an ex-dividend date of June 15, 2021. With a capacity of approximately 39,000 megawatts, Vistra is the largest competitive power generator in the U.S., serving nearly 4.3 million customers and offering over 50 renewable energy plans.
Vistra (NYSE: VST) announces a new initiative for Texas customers, offering a free A/C tune-up and cleaning using smart meter data to identify inefficient units. This program aims to help customers save up to 30% on summer cooling costs and reduce strain on the Texas power grid during peak usage. Partnering with Grid4C, Vistra will provide tailored estimates and connect customers with trusted service providers. With operations in 19 states, Vistra continues to innovate in the retail electricity market, enhancing customer service and energy efficiency.
Vistra (NYSE: VST) announced a significant financial impact from Winter Storm Uri, estimating a ~$(1,600) million effect on 2021 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted Free Cash Flow before Growth. The company revised its 2021 guidance ranges to $1,475-$1,875 million for EBITDA and $200-$600 million for FCFbG. Despite the challenges, Vistra plans to uphold its dividend and has executed part of a share repurchase program. The company aims to reduce net debt by ~$1,250 million by the year’s end.
Vistra (NYSE: VST) will hold an investor call on April 26, 2021, at 8 a.m. EDT to discuss updated guidance for 2021, focusing on the financial impact of Winter Storm Uri. CEO Curt Morgan emphasized the storm's significant effect on equity and the company's plans to rebuild. The live call can be accessed via the company's website or by phone. A replay will be available for a year. Vistra is also set to file its Q1 2021 Quarterly Report on May 5, 2021, replacing the regular earnings call.
On April 14, 2021, Vistra (NYSE: VST) and Malta Inc. received a Department of Energy grant for a study aimed at enhancing the performance of natural gas power plants using Malta's energy storage system. This collaboration, including Southwest Research Institute (SwRI), is designed to improve reliability and environmental efficiency as renewable energy sources grow. The Malta system, capable of storing energy for up to 200 hours, aims to diversify Vistra's generation portfolio and support the transition to cleaner energy solutions.
Vistra announced the retirement of the Joppa Power Plant by Sept. 1, 2022, three years earlier than planned due to legal and economic pressures. This decision settles a complaint from the Sierra Club regarding environmental issues. Vistra aims to invest $550 million in repurposing coal sites into solar and energy storage facilities, significantly boosting the local economy with an estimated $1.7 billion in output and creating thousands of jobs. The company will also pay $1.1 million in property taxes to support the local community.
TXU Energy has launched its new EV Pass service in Texas, offering electric vehicle owners a 50% discount on energy charges during weeknights and weekends. This plan includes automatic bill credits for convenient charging times and utilizes 100% renewable energy. The company emphasizes its commitment to support green lifestyles while providing a price-protected rate throughout the year. TXU Energy aims to cater to the growing number of electric vehicles in Texas, reinforcing its position as a leader in innovative energy solutions.
Dynegy has secured a three-year partnership with Chicago's Metropolitan Pier and Exposition Authority (MPEA) to supply 100% renewable electricity to McCormick Place, North America's largest convention center. This agreement includes purchasing renewable energy credits to offset electricity usage, supporting McCormick Place’s sustainability initiatives such as energy-efficient lighting retrofits. Dynegy also powers notable Chicago landmarks including Willis Tower and Wrigley Field, reflecting its commitment to tailored energy solutions that balance sustainability and cost-effectiveness.
Vistra (NYSE: VST) reported 2020 net income of $624 million, with ongoing operations net income at $725 million. The company's adjusted EBITDA rose to $3,766 million, 11% above 2019, marking five consecutive years of exceeding guidance. Cash flow from operations was $3,337 million, and adjusted free cash flow before growth was $2,582 million. The Winter Storm Uri's impact is projected to cause a one-time financial hit of $900 million to $1.3 billion. Vistra continues its commitment to capital allocation and renewable energy investments.
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