Vistra Corp Stock Price, News & Analysis

Vistra Corp. (NYSE: VST) announced a private offering of senior secured notes due 2026 and 2034 to qualified institutional buyers. The notes will be issued by Vistra Operations Company and guaranteed by certain subsidiaries. The proceeds will be used for general corporate purposes, including refinancing debt and funding the early payout of Vistra Vision purchase installment payments to Avenue Capital Management II. The company plans to extinguish approximately $550 million in installment payments through a payment of about $506 million on December 31, 2024. Upon pricing of at least $1.25 billion, Vistra intends to amend the Class B Unit Purchase Agreement with Avenue, bringing the total payment at closing to approximately $820 million.

Vistra (NYSE: VST) reported strong Q3 2024 financial results, with GAAP net income of $1,837 million and cash flow from operations of $1,702 million. Net income from ongoing operations reached $1,855 million, while ongoing operations adjusted EBITDA was $1,444 million. The company raised and narrowed its 2024 guidance ranges, projecting ongoing operations adjusted EBITDA between $5.0 billion and $5.2 billion, and adjusted FCFbG between $2.65 billion and $2.85 billion. For 2025, Vistra initiated guidance ranges of $5.5 billion to $6.1 billion for ongoing operations adjusted EBITDA and $3.0 billion to $3.6 billion for adjusted FCFbG.

The board authorized an additional $1.0 billion in share repurchases, expected to be completed by year-end 2026. Vistra also announced a pending acquisition of a 15% minority interest in Vistra Vision for approximately $3.1 billion, which will increase its ownership of zero-carbon assets. As of September 30, 2024, Vistra had total liquidity of $3,995 million. The company continues to invest in clean energy, securing power purchase agreements and extending nuclear operating licenses.

TXU Energy and Texas Trees Foundation (TTF) are launching a statewide tree-planting campaign to mark their 20-year partnership. The initiative involves planting 400 trees across ten Texas communities through the TXU Energy Urban Tree Farm and Education Center. The farm, sponsored by TXU Energy since 2004, is located at Dallas College – Richland Campus and serves as TTF's tree nursery and education center. Planting events are scheduled throughout November 2023 in various locations, including 50 trees at Fort Worth ISD's Riverside Applied Learning Center, 150 trees at Irving's tree nursery, 50 trees at Dallas' Bushman Park, and 30 trees at Harris County's Adair Park.

Vistra (NYSE: VST) has announced dividend declarations for its common stock and preferred series. The company will pay a quarterly dividend of $0.2215 per common share (approximately $75 million total) on Dec. 31, 2024, to stockholders of record as of Dec. 20, 2024. For Series B preferred stock, a semi-annual dividend of $35.00 per share will be paid on Dec. 16, 2024. Series C preferred stockholders will receive a semi-annual dividend of $44.375 per share on Jan. 15, 2025.

Vistra (NYSE: VST) has announced that it will release its third quarter 2024 financial and operating results on Thursday, November 7, 2024. The company will host a live conference call and webcast at 10 a.m. ET (9 a.m. CT) to discuss the results. Interested parties can access the webcast through Vistra's website under the 'Investor Relations' section and 'Events & Presentations' subsection. For those who prefer to listen by phone, registration is required prior to the call to receive dial-in information. A replay of the webcast will be available on Vistra's website for one year following the event, providing extended access to the information presented.

TXU Energy has announced the recipients of its 2024 Energy Leadership Awards, recognizing three North Texas organizations for their outstanding achievements in energy management, sustainability, and community leadership. The winners are:

1. City of Southlake for Leadership in Energy Management: Purchases 100% renewable energy and installed EV charging stations.

2. O'Reilly Auto Enterprises for Leadership in Sustainability: Committed to net-zero emissions by 2050 and implements comprehensive sustainability practices.

3. PATH for Leadership in Community: Provided over $1.3 million in electricity bill assistance and distributed 1,500+ fans to help residents stay cool.

The awards were announced at the TXU Energy Summit in Arlington, highlighting corporate and nonprofit leaders in energy responsibility and innovation.

Vistra Corp. (NYSE: VST) has announced a significant transaction to acquire the remaining 15% equity interest in Vistra Vision from minority investors Nuveen and Avenue Capital Management. This $3.085 billion deal will make Vistra the sole owner of Vistra Vision, which includes zero-carbon nuclear, energy storage, solar generation assets, and retail business. The transaction is expected to close on Dec. 31, 2024, with payments structured over two years.

Key highlights include:

• Immediate accretion to shareholders
• Exceeding mid-teens levered return thresholds
• Commitment to long-term net leverage target of less than 3x
• Plans for at least $2.25 billion in share repurchases in 2024-2025, and $1 billion in 2026

This strategic move simplifies Vistra's structure and increases shareholder ownership of valuable carbon-free assets in key growing U.S. markets.

Vistra (NYSE: VST) has announced a new partnership with Sunrun (Nasdaq: RUN) to launch the TXU Energy & Sunrun Battery Rewards program in Texas. This initiative aims to support grid reliability by aggregating power from residential solar-connected batteries, creating a virtual power plant. TXU Energy customers with Sunrun home solar panels and batteries can opt in to receive financial incentives for participating, while retaining control of their systems during outages or severe weather.

The program builds on TXU Energy's existing solar buyback plans, which paid over $10 million in credits to customers last year. Sunrun, with its 1 million customers and 116,000+ installed storage systems, will manage the network of batteries and coordinate power discharge to the grid. This partnership expands Vistra's distributed energy initiatives and continues its tradition of pioneering energy-efficiency solutions in Texas.

TXU Energy and Ford have partnered to offer Ford electric vehicle (EV) customers in Texas significant cost-savings through the TXU Energy Free EV Miles program. This program provides credits on TXU Energy bills for electricity used during specified off-peak hours, potentially covering the entire cost of at-home charging. The initiative aims to support grid reliability by encouraging energy consumption during off-peak hours and educating Texans on the benefits of EVs.

Key features include:

• Free charging hours between 7 p.m. and 1 p.m. the next day, all year long
• Flexibility with up to 18 hours a day for free charging
• $100 welcome bonus from Ford and $250 bonus from TXU Energy for staying enrolled for a year
• Applicable to Ford F-150 Lightning, Mustang Mach-E, and Escape PHEV customers