Vistra to Report Updated Financial Impact of Winter Storm Uri and Reissue 2021 Guidance on April 26, 2021
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.
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IRVING, Texas, April 23, 2021 /PRNewswire/ -- Vistra (NYSE: VST) will host an investor call on Monday, April 26, 2021, to provide updated 2021 guidance, including an update on the financial impact of Winter Storm Uri, and to discuss near-term capital allocation plans. Management will present the materials during a live conference call and webcast beginning at 8 a.m. EDT (7 a.m. CDT).
"Vistra recognizes that the effect of Uri on our company is the most important near-term uncertainty for the financial markets and is presenting a significant overhang on our equity. As soon as we received and processed the likely final substantive information driving the financial impacts of the storm from ERCOT, we decided to hold an investor call to provide an update. We wanted to share this information as soon as we had a final estimate so that we can begin to rebuild from the very strong core of our company, continue our transformation, and get back on track to reaching our full value," said Curt Morgan, chief executive officer of Vistra.
The live webcast can be accessed via the investor relations section of Vistra's website at www.vistracorp.com under "Investor Relations" and then "Events & Presentations." Participants can also listen by phone by dialing (833) 287-0796 and referencing conference ID 4987178. For those unable to participate in the live event, a replay will be available on Vistra's website for one year following the call.
Vistra plans to file its Quarterly Report on Form 10-Q for the first quarter of 2021 and post the related investor materials to its website on May 5, 2021. The investor call to provide this business update will take the place of Vistra's regularly scheduled first quarter 2021 financial and operating results conference call.
Media
Meranda Cohn
214-875-8004
Media.Relations@vistracorp.com
Analysts
Molly Sorg
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Investor@vistracorp.com
About Vistra
Vistra (NYSE: VST) is a leading, Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 4.3 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive residential electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.
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SOURCE Vistra
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