Vistra Corp Stock Price, News & Analysis

TXU Energy, based in Texas, has launched its 23rd annual Beat the Heat program to assist families struggling with high summer temperatures. The initiative includes the distribution of air conditioning units, fans, and summer energy conservation tips. With a contribution of $75,000, TXU Energy supports 10 social service organizations that aid those in need. The program offers substantial bill-payment assistance through government and TXU Energy Aid programs, helping Texans manage their electricity bills amid increased financial hardships.

Vistra, based in Irving, Texas, announced its TXU Energy Free Nights & Solar Days plan, offering customers 100% solar energy daily and free electricity from 8 p.m. to 5 a.m. This initiative aims to reduce grid demand during peak hours. The company operates a 180-MW solar facility and is set to launch nearly 600 MW of new solar projects. This move aligns with Vistra's strategy to enhance renewable energy offerings while accommodating growing customer demand. With nearly 40% of average household energy use free, this program showcases Vistra's commitment to sustainable energy solutions.

Goodnight Midstream has secured a 100% renewable energy contract with TXU Energy, aimed at reducing greenhouse gas emissions through wind energy. The contract will provide approximately 72.5 million kilowatt hours of renewable energy over its lifetime, equivalent to nearly 29,000 metric tons in CO2 emissions reductions. This partnership reflects Goodnight's commitment to sustainability and aligns with their long-term environmental goals, supported by Priority Power Management as an advisor in the negotiations.

Vistra (NYSE: VST) announced its results from the PJM capacity auction for the 2022/2023 planning year, successfully clearing 7,218 MW at an average clearing price of $66.89 per megawatt-day. This is expected to yield approximately $176 million in revenue. Including additional retail sales, total revenues for the period may reach $231-$236 million. The company has a diverse portfolio, with a total cleared capacity that includes various regions such as ComEd and EMAAC, contributing significantly to its overall market position.

Vistra Corp. (NYSE: VST) announced a private offering of $1.25 billion in senior unsecured notes, maturing in 2029, with an interest rate of 4.375% per annum. The offering aims to repay its Term Loan A Facility and cover related fees. The close is expected on May 10, 2021. These notes will be guaranteed by current and future subsidiaries of the issuer and are not registered under the Securities Act, limiting their sale. This strategic move aligns with Vistra's financial management and growth strategy.

Vistra (NYSE: VST) has declared a quarterly dividend of $0.15 per share, equating to $0.60 annually. The dividend is payable on June 30, 2021, to shareholders of record as of June 16, 2021, with an ex-dividend date of June 15, 2021. With a capacity of approximately 39,000 megawatts, Vistra is the largest competitive power generator in the U.S., serving nearly 4.3 million customers and offering over 50 renewable energy plans.

Vistra (NYSE: VST) announces a new initiative for Texas customers, offering a free A/C tune-up and cleaning using smart meter data to identify inefficient units. This program aims to help customers save up to 30% on summer cooling costs and reduce strain on the Texas power grid during peak usage. Partnering with Grid4C, Vistra will provide tailored estimates and connect customers with trusted service providers. With operations in 19 states, Vistra continues to innovate in the retail electricity market, enhancing customer service and energy efficiency.

Vistra (NYSE: VST) announced a significant financial impact from Winter Storm Uri, estimating a ~$(1,600) million effect on 2021 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted Free Cash Flow before Growth. The company revised its 2021 guidance ranges to $1,475-$1,875 million for EBITDA and $200-$600 million for FCFbG. Despite the challenges, Vistra plans to uphold its dividend and has executed part of a share repurchase program. The company aims to reduce net debt by ~$1,250 million by the year’s end.