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 energy company powering millions of homes and businesses across the U.S. through its unique combination of retail electricity services and diversified power generation. This page serves as the definitive source for official Vistra news, providing investors and stakeholders with timely updates on corporate developments.
Access press releases, financial reports, and strategic announcements covering Vistra's operational milestones. Our curated collection includes updates on earnings results, asset acquisitions, sustainability initiatives, and regulatory developments. The company's balanced energy mix – spanning nuclear, natural gas, solar, and battery storage – positions it at the forefront of the energy transition, making these updates critical for understanding sector trends.
Key content areas include quarterly financial disclosures, grid reliability enhancements, retail market expansions, and environmental stewardship progress. Bookmark this page to stay informed about Vistra's role in maintaining energy affordability while advancing zero-carbon solutions. Check back regularly for verified updates directly from the company and reputable financial news sources.
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.
Vistra (NYSE: VST) has announced a new partnership with Sunrun (Nasdaq: RUN) to launch the TXU Energy & Sunrun Battery Rewards program in Texas. This initiative aims to support grid reliability by aggregating power from residential solar-connected batteries, creating a virtual power plant. TXU Energy customers with Sunrun home solar panels and batteries can opt in to receive financial incentives for participating, while retaining control of their systems during outages or severe weather.
The program builds on TXU Energy's existing solar buyback plans, which paid over $10 million in credits to customers last year. Sunrun, with its 1 million customers and 116,000+ installed storage systems, will manage the network of batteries and coordinate power discharge to the grid. This partnership expands Vistra's distributed energy initiatives and continues its tradition of pioneering energy-efficiency solutions in Texas.
TXU Energy and Ford have partnered to offer Ford electric vehicle (EV) customers in Texas significant cost-savings through the TXU Energy Free EV Miles program. This program provides credits on TXU Energy bills for electricity used during specified off-peak hours, potentially covering the entire cost of at-home charging. The initiative aims to support grid reliability by encouraging energy consumption during off-peak hours and educating Texans on the benefits of EVs.
Key features include:
- Free charging hours between 7 p.m. and 1 p.m. the next day, all year long
- Flexibility with up to 18 hours a day for free charging
- $100 welcome bonus from Ford and $250 bonus from TXU Energy for staying enrolled for a year
- Applicable to Ford F-150 Lightning, Mustang Mach-E, and Escape PHEV customers
Vistra Corp. (NYSE: VST) reported strong Q2 2024 results with GAAP Net Income of $467 million and Ongoing Operations Adjusted EBITDA of $1,414 million. The company reaffirmed its 2024 guidance midpoint of $4,800 million for Ongoing Operations Adjusted EBITDA. Vistra completed two long-term renewable power purchase agreements with Microsoft and Amazon, and announced plans to add up to 2,000 MW of natural gas-fueled capacity in ERCOT. The Nuclear Regulatory Commission approved a 20-year license extension for Comanche Peak. Vistra increased its 2025 Ongoing Operations Adjusted EBITDA midpoint opportunity to $5,200-$5,700 million. The company has hedged 94% of expected generation volumes for the remainder of 2024 and continues its share repurchase program, having executed ~$4.25 billion in repurchases since November 2021.
Vistra (NYSE: VST) has announced a quarterly dividend increase for its common stock and a semi-annual dividend for its Series A preferred stock. The board of directors declared a quarterly dividend of $0.2195 per share on common stock, representing a 7% increase from the third quarter of 2023. This dividend, totaling an estimated $75 million, will be payable on Sept. 30, 2024, to stockholders of record as of Sept. 20, 2024. Additionally, a semi-annual dividend of $40.00 per share was declared on the company's 8.0% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, payable on Oct. 15, 2024, to preferred stockholders of record as of Oct. 1, 2024.
Vistra (NYSE: VST) has released its 2023 Sustainability Report, showcasing significant progress in its energy transition efforts. Key highlights include:
1. Environmental Stewardship: 9% reduction in Scope 1 GHG emissions year-over-year, with a clear path to 2030 targets.
2. Strategy & Innovation: Addition of 350 MW battery storage at Moss Landing and acquisition of 4,000 MW zero-carbon nuclear fleet.
3. Inclusion & Human Capital: Expanded to 15 Employee Resource Groups and implemented inclusive leadership training.
4. Safety: 35% decrease in total recordable incident rate and over 58,000 safety training courses completed.
5. Community Support: $5.3 million in energy bill assistance and $2.4 million invested in nonprofit organizations.
6. Responsible Business: 30% increase in spending with Diverse Business Enterprises and recognition for disability inclusion.
