Vistra Q1 net income $698M, adj EBITDA $554M; reaffirms 2023 guidance, dividend raised 15%

Vistra Corp.

2023-Q1 EPS reported $1.71 revenue$4,425,000,000

Net income $698M vs loss of $284M YoY; Ongoing Operations net income $725M vs loss of $172M.
Ongoing Operations Adj EBITDA $554M, up $13M YoY, driven by hedges and PJM bonus partially offset by mild weather.
Reaffirmed 2023 guidance: Ongoing Operations Adj EBITDA $3.4B-$4.0B, Adj FCFbG $1.75B-$2.35B.
Declared Q2 2023 dividend of $0.204/share, ~15% increase; ~$2.7B share repurchased since Nov 2021 (23% of shares).
Energy Harbor acquisition on track for Q4 2023; ~86% of generation hedged for 2023-2025.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vistra Corp. reported the quarter ended March 31, 2023 results: net income $698 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Net income: $698 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 9, 2023, Vistra Corp. (the “Company”) issued a press release announcing, among other matters, its financial results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001193125-23-138876

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