Vistra Corp Stock Price, News & Analysis

Vistra Corp. (NYSE: VST) announced an upsized private offering of 1,000,000 shares of its 7.0% Series B Fixed-Rate Reset Cumulative Redeemable Green Perpetual Preferred Stock, priced at $1,000 per share, aimed at qualified institutional buyers. The offering is expected to generate $1 billion in gross proceeds, set to close on Dec. 10, 2021. CEO Curt Morgan emphasized the offering supports Vistra's capital allocation plan, including a $7.5 billion return of capital and $3 billion debt reduction. Proceeds will also fund Vistra's green energy initiatives, aiming for 7,300 MW of solar generation by 2026.

Vistra Corp. (NYSE: VST) announced a private offering of $750 million in Series B Fixed-Rate Reset Cumulative Redeemable Green Perpetual Preferred Stock. This move aligns with its recently adopted Green Finance Framework and aims to support the company's zero-carbon growth initiatives. Vistra plans to invest approximately $5 billion from 2022 to 2026, expecting to enhance its zero-carbon generation capacity to 7,300 megawatts by the end of 2026. The net proceeds will fund eligible green projects, underscoring commitment to sustainability.

Vistra (NYSE: VST) has introduced its Green Finance Framework, authorized by a second-party opinion from V.E. This framework will facilitate the issuance of green financial instruments to fund renewable energy projects, aligning with the company's ESG strategy. The company aims for net-zero carbon emissions by 2050, supported by the retirement of most coal plants and investment in carbon-free resources. Vistra plans to grow its Vistra Zero portfolio to exceed 5,000 MW by 2026, bolstering its commitment to clean energy and sustainability.

Vistra (NYSE: VST) announced plans to return at least $7.5 billion to stockholders by year-end 2026 through share repurchases and dividends, equating to a ~15% cash yield. A $2 billion share repurchase program will be executed by year-end 2022, with an additional $4 billion planned from 2023 to 2026. The company also aims to retire $1.5 billion of debt by year-end 2022. Vistra's Q3 2021 results included a net income of $10 million and Adjusted EBITDA of $1,177 million. The 2022 Ongoing Operations Adjusted EBITDA guidance is set at $2,810 to $3,310 million.

Vistra (NYSE: VST) has declared a quarterly dividend of $0.15 per share, amounting to $0.60 annually. This dividend will be paid on December 30, 2021, to shareholders of record by December 16, 2021. The ex-dividend date is December 15, 2021.

Vistra is a leading integrated retail electricity and power generation company, serving approximately 4.3 million customers across the U.S., Canada, and Japan, with a power generation capacity of about 39,000 megawatts.

Vistra (NYSE: VST) will report its third quarter 2021 financial results on November 5, 2021. The live conference call begins at 8 a.m. ET and will be accessible via the investor relations section of its website. Participants can also join by phone after registering online. A replay will be available for one year post-call. Vistra operates as a leading integrated electricity and power generation company, serving approximately 4.3 million customers with a diverse energy portfolio, including renewable options. The company emphasizes sustainable practices and community engagement.

Luminant, a subsidiary of Vistra (NYSE: VST), was awarded the 2021 Excellence in Surface Coal Mining Reclamation Award by the Office of Surface Mining Reclamation and Enforcement (OSM) for its exceptional reclamation efforts at the Monticello-Winfield Mine. The mine, operational since 1974 and closed in 2015, has seen over 15,500 acres reclaimed. Notable achievements include increasing prime farmland soil from 21% to 34% in the H-area and planting over 780,000 pine tree seedlings. The total area of wetlands and ponds expanded significantly, showcasing Luminant's commitment to environmental stewardship.

On October 12, 2021, Vistra Corp. (NYSE: VST) announced a $2 billion share repurchase program, superseding its previous $1.5 billion plan. The company intends to utilize net proceeds from a $1 billion private offering of preferred stock to begin buybacks as early as November 2021. This initiative aligns with Vistra's capital allocation strategy aimed at enhancing shareholder returns. The program is part of a broader strategic review that focuses on long-term value creation through a diversified generation fleet and a commitment to zero-carbon growth, alongside a goal to reduce debt and maintain a strong balance sheet.