Vistra Corp Stock Price, News & Analysis

SEKISUI Specialty Chemicals announced a 5-year renewable energy agreement with TXU Energy to source power from the Indian Mesa wind farm in Texas, starting April 2022. The wind farm has a capacity of 92 MWs, generating approximately 210,000 MWhs annually for the Texas grid. This initiative aligns with SEKISUI's Vision 2030, committing to 100% renewable energy to enhance sustainability efforts and reduce its carbon footprint. This partnership supports SEKISUI's ESG goals and contributes to the United Nation's Sustainable Development Goals.

Vistra Corp. (NYSE: VST) announced the pricing of a $1.5 billion private offering of senior secured notes. The offering includes $400 million in notes due 2024 at 4.875% interest and $1.1 billion in notes due 2025 at 5.125%. The offering will close on May 13, 2022. Proceeds will be used for collateral in the Company's hedging strategy, general corporate purposes, and expenses related to the offering. The notes will be secured by a first-priority interest in the issuer's assets and are not registered under the Securities Act.

Vistra Corp. (NYSE: VST) announced a private offering of senior secured notes due 2024 and 2025 to qualified institutional buyers. The secured notes will be guaranteed by certain subsidiaries and secured by a first-priority security interest in collateral, including a substantial portion of the issuer's assets. Proceeds will support the company's hedging strategy, general corporate purposes, and cover offering costs. The notes will not be registered under the Securities Act, prohibiting their sale within the U.S. without registration or exemption.

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.