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. reports developments in integrated retail electricity and power generation, including operating results, capital allocation, dividends, debt financing, and power-market activity. The company operates a generation fleet that includes natural gas, nuclear, coal, solar, and battery energy storage assets, and it serves retail electricity customers through brands such as TXU Energy.
Recurring news also covers long-term power purchase agreements tied to nuclear generation, credit-profile updates, shareholder voting matters, and distributed-energy programs such as Battery Rewards, Vistra's residential battery aggregation program in Texas. Company updates frequently connect fleet operations, retail energy offerings, and balance-sheet actions within the broader U.S. electricity market.
First Foundation Inc. (NASDAQ: FFWM) has appointed Gabriel Vazquez as an independent director to its Board of Directors, enhancing board diversity and independence. With this addition, the board now comprises ten directors, seven of whom are independent. Vasquez, currently serving as Vice President and Associate General Counsel for Vistra Corp., brings significant legal, financial, and operational experience. He will stand for election at the upcoming 2023 Annual Meeting of Stockholders. Lead Independent Director Max Briggs highlighted his strong background in regulated businesses, while CEO Scott Kavanaugh noted his expertise will aid in navigating risks and scaling operations in a changing market.
Vistra (NYSE: VST) will report its first quarter 2023 financial and operational results on May 9, 2023, at 9 a.m. ET. The company provides electricity and natural gas to approximately 4 million customers across 20 states and the District of Columbia. Vistra is a leading competitive electricity provider and the largest power generator in the U.S. with a generation capacity of around 37,000 megawatts. It operates diverse energy sources, including natural gas, nuclear, solar, and battery energy storage, and offers over 50 renewable energy plans. Interested parties can join the live conference call through the Vistra website under the "Investor Relations" section. Replay access will also be available for one year following the call.
Vistra Corp. (NYSE: VST) announced a definitive agreement to acquire Energy Harbor, creating a new subsidiary called Vistra Vision. This transaction will integrate nuclear and retail operations, adding approximately 4,000 MW of nuclear capacity and 1 million retail customers, resulting in a total of 7,800 MW of zero-carbon generation capacity across 5 million customers. The deal involves $3 billion in cash and a 15% equity stake in Vistra Vision, with expected annual synergies of at least $125 million by 2025. Vistra will continue its capital returns strategy, including share repurchases and dividends, while targeting a net leverage below 3x.
Vistra Corp. reported a full-year 2022 net loss of $(1,210) million, with ongoing operations net loss at $(1,091) million, affected by unrealized commodity losses. Despite these losses, ongoing operations adjusted EBITDA reached $3,115 million, surpassing guidance by $55 million. The company repurchased approximately $2.45 billion in shares, achieving about 21% reduction in shares outstanding. A dividend of $0.1975 per share was declared for Q1 2023, a 16% increase from the previous year. Vistra reaffirmed its 2023 adjusted EBITDA guidance of $3,400 million to $4,000 million, indicating optimistic future performance.
Vistra (NYSE: VST) reported the results of the PJM capacity auction for the 2024/2025 planning year, clearing 6,905 MW at a weighted average price of $43.25 per megawatt-day, generating approximately $109 million in capacity revenue. Additional revenue from retail and other sales is expected to boost total estimated revenues to approximately $120-$124 million. Vistra continues to be a major player in the energy sector, providing essential electricity and power generation across multiple states.
On February 23, 2023, Vistra (NYSE: VST) announced a quarterly dividend of $0.1975 per share, totaling approximately $75 million for this quarter. This marks a 16% increase compared to the previous year's first quarter dividend. The dividend will be paid on March 31, 2023, to stockholders of record as of March 22, 2023, with an ex-dividend date of March 21, 2023. Additionally, a semi-annual dividend of $40.00 per share for the 8.0% Series A preferred stock was declared, payable on April 17, 2023.
Vistra (NYSE: VST) announced it will report its fourth quarter and full-year 2022 financial and operating results on March 1, 2023. The report will be presented in a live conference call and webcast starting at 9 a.m. ET (8 a.m. CT). Interested parties can access the webcast on Vistra's investor relations page at www.vistracorp.com under "Events & Presentations." Those unable to attend the live event will have access to a replay on the website for one year. Vistra provides essential energy services in 20 states and the District of Columbia, serving approximately 4 million customers.
Vistra (NYSE: VST) announced the appointment of Julie Lagacy as an independent director, expanding its board to 11 members. Lagacy's extensive experience in strategy, sustainability, and cybersecurity is expected to enhance board capabilities. She will serve on the Sustainability & Risk Committee and the Social Responsibility & Compensation Committee. Chairman Scott Helm emphasized the need for diverse skills to guide the company's strategy, particularly in relation to its net zero commitment. Lagacy has a significant track record, including roles at Caterpillar, and brings expertise in ESG and capital allocation.
Vistra (NYSE: VST) has announced the expansion of its residential demand response program in Texas. This initiative allows customers with compatible smart thermostats to reduce electricity consumption during peak demand, enhancing grid reliability. Through the TXU Energy Connected Conservation program, these adjustments will help balance supply and demand across the state, which is the highest electricity consumer in the U.S. The program offers flexibility, allowing customers to opt out of conservation events. Vistra aims to lead in energy transition by integrating smart devices for better energy management.
On December 15, 2022, TXU Energy announced a $150,000 donation to combat hunger and support community initiatives across Texas. This includes $100,000 for food banks and $50,000 for social service organizations. The contributions will specifically aid 12 food banks and organizations, providing essential resources like 60,000 meals through partnerships with local food banks in Houston, Dallas, and Fort Worth. TXU Energy aims to alleviate the increased demand for food aid amid growing inflation, emphasizing the importance of community support during the holiday season.