Vistra Corp Stock Price, News & Analysis

Vistra (NYSE: VST) reported a first quarter 2022 net loss of $(284) million, significantly improved from $(2,040) million in Q1 2021, primarily due to the adverse impacts of Winter Storm Uri the previous year. Ongoing Operations Adjusted EBITDA for the quarter was $547 million, marking a substantial increase from last year's $(1,208) million. The company reaffirmed its 2022 guidance for Adjusted EBITDA and Free Cash Flow between $2,810 to $3,310 million and $2,070 to $2,570 million, respectively. Additionally, Vistra completed $1,195 million in share repurchases under a $2 billion program and announced an 18% dividend increase for Q2 2022.

Vistra (NYSE: VST) declared a quarterly dividend of $0.177 per share, totaling approximately $75 million for this quarter and ~$150 million cumulatively in 2022. This marks an ~18% increase from Q2 2021. The dividend is payable on June 30, 2022, to stockholders of record as of June 22, 2022, with an ex-dividend date of June 21, 2022. Additionally, a semi-annual dividend of $35.972223 per share for the Series B preferred stock is set for June 15, 2022. This reflects Vistra's continued commitment to shareholder returns.

TXU Energy has recognized four Houston-area companies as winners of the 2022 TXU Energy Leadership Awards, celebrating their commitment to sustainability, energy management, community service, and innovation. Award recipients include the City of Angleton for sustainability efforts, Tubular Services for innovation in energy management, Landmark Industries for energy efficiency initiatives, and Katy Christian Ministries for community support. The awards were announced at the TXU Energy Summit in Houston, highlighting the leadership in energy responsibility within Texas.

TXU Energy has launched the Ultimate Summer Pass, offering customers 50% off energy charges from June to September and free energy charges on the hottest days each month. The plan is designed to help customers manage their energy bills during the long Texas summer by providing significant savings. The pricing will be based on data from local weather stations, ensuring a tailor-made energy plan. TXU Energy aims to enhance customer experience through this innovative offering, while also promoting the use of their app for tracking savings.

Vistra (NYSE: VST) will report its first quarter 2022 financial and operating results on May 6, 2022. A live conference call and webcast will take place starting at 8 a.m. ET. Participants can access the live webcast through the investor relations section of Vistra's website. For callers, registration is required to receive a dial-in number. A replay of the event will be available on the website for one year. Vistra is a major player in the electricity market, serving about 4.3 million customers across multiple states.

Vistra has launched its Brightside Solar Facility in Live Oak County, Texas, a 50-megawatt solar project now generating electricity as part of its Vistra Zero portfolio. This facility marks the first of seven renewable and energy storage projects expected in Texas, contributing to a $1 billion investment announced in September 2020. The Brightside facility features 147,732 solar panels, capable of powering approximately 25,000 homes. Vistra aims to expand its zero-carbon fleet to over 7,300 MW by 2026, supporting Texas's growing energy needs.

TriEagle Energy has launched the TriEagle Simple Savings Plus A/C Care plan in Texas, offering customers a price-protected electricity rate and annual maintenance services. This new plan includes one free A/C and one free heater tune-up each year, potentially saving customers up to 30% on heating and cooling costs during extreme weather. The plan features 24/7 priority service and a 15% discount on necessary repairs, aiming to provide peace of mind and energy efficiency for customers.

Vistra (NYSE: VST) announces the transition of Curt Morgan from CEO to a new leadership role effective August 1, 2022. Jim Burke, the current president and CFO, will take over as CEO, following a formal succession planning process. Morgan, who has led the company since 2016, highlighted significant transformations during his tenure, including a transition towards renewable energy. The company plans to announce Burke's successor as CFO before his new role begins. This leadership change aims to ensure continued strategic direction and value for its stakeholders.

Vistra reported a 2021 net loss of $(1,264) million, significantly impacted by the Winter Storm Uri. Despite this, the company's Ongoing Operations Adjusted EBITDA was $1,941 million, slightly above guidance. Operating cash flow was $(206) million, while Adjusted Free Cash Flow before growth stood at $179 million. Vistra reaffirmed its 2022 EBITDA guidance of $2,810 to $3,310 million and Free Cash Flow guidance of $2,070 to $2,570 million. The firm also executed $764 million in share repurchases under a $2 billion program and introduced a dividend program starting Q1 2022, reflecting a 13% increase.