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Vistra Corp. - $VST STOCK NEWS

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.

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Vistra (NYSE: VST) has announced plans to add up to 2,000 MW of natural-gas-fueled power capacity in Texas. This includes constructing up to 860 MW of new simple-cycle peaker plants, repowering the 600 MW Coleto Creek coal plant into a gas plant, and upgrading existing gas plants to add more than 500 MW of summer capacity and 100 MW of winter capacity. The initiative aims to support Texas' growing power needs driven by economic and population growth. Vistra’s investment is supported by recent Texas legislative reforms that incentivize dispatchable generation. The company is filing a Notice of Intent to apply for support from the Texas Energy Fund on May 31. This plan ensures reliable, affordable, and lower-emission power for Texans while leveraging existing infrastructure for quicker project completion.

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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.

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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.

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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.

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Vistra (VST) to announce first quarter 2024 financial results on May 8, 2024, through a live conference call and webcast.
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Vistra Corp. announces the pricing of $500 million senior secured notes due 2034 and $1 billion senior unsecured notes due 2032 in private offerings. The Secured Notes will bear interest at 6.000% per annum, while the Unsecured Notes will bear interest at 6.875% per annum. The proceeds will be used for general corporate purposes, including refinancing outstanding debt and paying related fees and expenses.
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Vistra Corp. announces the launch of senior secured and unsecured notes in private offerings to institutional buyers. The Notes will be fully guaranteed by certain subsidiaries and used for general corporate purposes, including refinancing debt.
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TXU Energy introduces Live Your FreeSM, a revolutionary energy plan that adapts monthly to offer customers free energy during peak usage times, eliminating the need to choose a specific plan. Customers can enjoy personalized savings based on their energy usage habits, with discounts for days, nights, or weekends.
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Vistra (NYSE: VST) appoints John W. Pitesa, a seasoned nuclear industry veteran, as an independent director following the Energy Harbor acquisition. The Nuclear Oversight Advisory Board is transformed into a standing committee, now led by Mr. Pitesa, ensuring safe and efficient operations of Vistra's expanded nuclear fleet.
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Vistra (VST) completes acquisition of Energy Harbor Corp., expanding its zero-carbon generation and retail electricity business. The acquisition adds 4,000 MW of nuclear generation and 1 million retail customers. Vistra now owns the second-largest competitive nuclear fleet in the U.S., enhancing its clean energy portfolio and retail business.
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FAQ

What does Vistra Corp. do?

Vistra Corp. is a leading integrated retail electricity and power generation company, providing energy solutions and operating a diverse portfolio of power generation assets.

How many customers does Vistra serve?

Vistra serves approximately 5 million residential and business customers, including nearly a third of all Texas electricity consumers.

What recent acquisitions has Vistra made?

In March 2024, Vistra finalized the acquisition of Energy Harbor, expanding its zero-carbon generation portfolio and adding over 4,000 MW of nuclear power.

What are Vistra's main power generation sources?

Vistra's power generation sources include nuclear, coal, natural gas, and solar power. The company also purchases significant amounts of renewable power, including wind and solar energy.

What financial condition is Vistra in?

Vistra has a strong financial performance, positive cash flows, and reported a net income of $1,492 million for the full year 2023.

What is TXU Energy and what does it offer?

TXU Energy is Vistra’s retail electricity provider in Texas, offering innovative plans like TXU Energy Free EV Miles℠, which provides free home EV charging backed by 100% renewable sources.

What initiatives is Vistra undertaking for future growth?

Vistra is investing in additional natural gas power capacity, solar, and battery storage projects to ensure grid reliability and support the growing energy demand.

How does Vistra support renewable energy?

Vistra invests in and operates solar and battery storage projects, and purchases renewable energy from wind and solar sources to diversify its energy portfolio.

Where is Vistra headquartered?

Vistra is headquartered in Irving, Texas.

What impact did the acquisition of Energy Harbor have on Vistra?

The acquisition of Energy Harbor added over 4,000 MW of nuclear power to Vistra's generation portfolio and approximately 1 million additional retail customers, enhancing Vistra's zero-carbon generation capabilities.

Vistra Corp.

NYSE:VST

VST Rankings

VST Stock Data

30.43B
345.10M
0.63%
92.63%
3.47%
Electric Power Distribution
Utilities
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United States of America
IRVING