Vistra Corp Stock Price, News & Analysis

Vistra (NYSE: VST) announced that its Emerald Grove Solar Facility in Crane County, Texas, is now online and operational, contributing to its zero-carbon power generation portfolio. This 108-megawatt solar project is part of a $1 billion investment to enhance renewable energy in Texas. The facility can power approximately 54,000 homes, supporting demand during the upcoming summer. With this addition, Vistra's renewable capacity approaches 3,300 MW, with plans to reach more than 7,300 MW by 2026.

TXU Energy, a subsidiary of Vistra (NYSE: VST), announced a $250,000 donation to support the community of Uvalde following the tragic Robb Elementary School shooting. This aid is aimed at assisting victims' families and funding essential services. The donation includes $100,000 to the Community Foundation of the Texas Hill Country, $100,000 to the United Way of San Antonio and Bexar County for mental health resources, and $50,000 to Uvalde Memorial Hospital. TXU Energy expresses deep sympathy and commitment to community support during this crisis.

TXU Energy launched its 24th annual Beat the Heat program to support vulnerable Texans amid extreme summer heat. The initiative includes providing $100,000 in donations for new air conditioning units and fans, alongside energy conservation tips and financial assistance information. Key donations include $25,000 to The Senior Source for air conditioning units in Dallas and $10,000 to BakerRipley for fans in Houston. The program collaborates with social service agencies and promotes available bill-payment assistance options for customers.

Vistra has launched the DeCordova Energy Storage Facility in Granbury, Texas, boasting a capacity of 260 megawatts, marking it as the state's largest battery energy storage project. This facility is part of Vistra's commitment to zero-carbon generation, contributing to a $1 billion investment in clean energy in Texas. It can store enough electricity to power approximately 130,000 homes and provides dispatchable, emission-free power to the ERCOT grid. The project also enhances reliability by integrating with an existing natural gas plant, ensuring continuous operation.

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.