Vistra Corp Stock Price, News & Analysis

Vistra (NYSE: VST) has declared a quarterly dividend of $0.193 per share, amounting to an estimated $75 million this quarter. The cumulative dividend for 2022 is approximately $300 million, reflecting a 29% increase from the prior year. The dividend is payable on Dec. 29, 2022, to stockholders of record by Dec. 20, 2022. Additionally, a semi-annual dividend of $35.00 per share on the Series B Preferred Stock will be issued on Dec. 15, 2022, to preferred stockholders on record by Dec. 1, 2022.

Vistra (NYSE: VST) is scheduled to report its third quarter 2022 financial results on November 4, 2022, with a live conference call starting at 9 a.m. ET. Interested parties can access the webcast through Vistra's investor relations website. The company, based in Irving, Texas, serves around 4 million customers across 20 states, primarily in retail electricity and power generation. Vistra is a leader in the competitive electricity market and operates a significant renewable energy portfolio, including the largest battery energy storage system in the world located in Moss Landing, California.

Vistra (NYSE: VST) announced plans to renew the licenses for its Comanche Peak Nuclear Power Plant, extending operations through 2053. This renewal will ensure the continued generation of 2,400 MW of zero-carbon electricity, enough to power approximately 1.2 million Texas homes. Comanche Peak has produced over 582 million megawatt-hours of emission-free electricity since 1990. The company is committed to a 60% reduction in greenhouse gas emissions by 2030, having already achieved over 72% of this target, underscoring its role in the energy transition.

Nuvve (Nasdaq: NVVE) has partnered with Vistra (NYSE: VST) to assist U.S. school districts in electrifying their bus fleets. The collaboration aids districts in accessing over $4.5M in grant funding to replace older diesel buses with electric ones. This initiative not only reduces greenhouse gas emissions but also leverages Nuvve's vehicle-to-grid (V2G) technology for energy management. This innovative approach allows schools to potentially earn revenue by returning energy to the grid, while benefiting from reduced maintenance costs and enhanced fleet management.

Vistra reported a second-quarter 2022 net loss of $(1,357) million, driven by non-cash, unrealized hedging losses of $(1,987) million due to increased forward power prices. Despite this, Ongoing Operations Adjusted EBITDA reached $761 million, and the company is on track to meet its full-year guidance for Adjusted EBITDA and Free Cash Flow. Vistra executed $1.6 billion of its $2 billion share repurchase program and announced an additional $1.25 billion in buybacks. The company also increased its dividend by 23% and achieved significant residential customer growth for TXU Energy.

Vistra has declared a third quarter dividend of $0.184 per share, totaling approximately $75 million for this quarter. The cumulative dividend for 2022 reaches $225 million, marking a 23% rise from Q3 2021. The common dividend is payable on Sept. 30, 2022, with an ex-dividend date of Sept. 20, 2022. Additionally, a semi-annual dividend of $40.00 per share for the Series A Preferred Stock will be paid on Oct. 17, 2022. This reflects strong shareholder returns amid Vistra’s robust operational strategy.

Vistra has appointed Kris Moldovan as its new chief financial officer effective August 1, 2022. He succeeds Jim Burke, who will become the company's chief executive officer on the same date. Moldovan, a company veteran since 2006, has played a critical role in finance and capital allocation. His appointment reflects a strategy to enhance leadership as the company approaches its clean energy transformation. Moldovan holds degrees in engineering, law, and finance, showcasing a strong background to lead the financial operations of Vistra.

Vistra (NYSE: VST) plans to release its second quarter 2022 financial results on August 5, 2022, with a live conference call at 8 a.m. ET. Investors can listen to the webcast via the company's website or by phone after registering here. A replay will be available on the site for one year. Vistra is a major provider of electricity and natural gas, serving 4.3 million customers across 20 states and the District of Columbia.