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.
TXU Energy announced the recipients of the 2024 TXU Energy Leadership Awards at the TXU Energy Summit in Houston. The awards recognize achievements in energy management, sustainability, engagement, and community service. Winners include:
Foxconn Industrial Internet for Energy Management, saving 128,000 kWh annually through a $20,000 investment in industrial chiller upgrades.
Harris County for Sustainability, achieving 31 of 32 climate action goals, saving $540,000, and receiving $200,000 in utility credits.
City of Corpus Christi for Engagement, launching a tree-planting initiative funded by nearly $300,000 from TXU Energy, earning $30,000 in Reduction Rewards.
Mission 911 for Community, providing $800,000 in bill-payment assistance and distributing 2,000 fans through various support campaigns.
TXU Energy will present additional awards at the Dallas/Fort Worth Summit in the fall.
Vistra Corp. reported strong first quarter 2024 financial results with GAAP Net Income of $18 million, Cash Flow from Operations of $312 million, and Ongoing Operations Adjusted EBITDA of $813 million. The company raised synergy expectations for Energy Harbor and announced $200 million OPI initiatives. Vistra was added to the S&P 500 effective May 8, 2024. The company remains focused on delivering strong and stable earnings, executing disciplined capital allocation, and supporting a sustainable energy future.
Vistra (NYSE: VST) declared a quarterly dividend of $0.2175 per share of common stock, totaling an estimated $75 million this quarter, marking a 7% increase from the previous year. The company also announced semi-annual dividends for its Series B and Series C preferred stocks.
FAQ
What is the current stock price of Vistra (VST)?
What is the market cap of Vistra (VST)?
What does Vistra Corp. do?
How many customers does Vistra serve?
What recent acquisitions has Vistra made?
What are Vistra's main power generation sources?
What financial condition is Vistra in?
What is TXU Energy and what does it offer?
What initiatives is Vistra undertaking for future growth?
How does Vistra support renewable energy?
Where is Vistra headquartered?
What impact did the acquisition of Energy Harbor have on Vistra?
