secwatch.observer — SEC 8-K summary
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Issuer:     Vistra Corp. (VST)
CIK:        0001692819
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-138876
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692819/000119312523138876/0001193125-23-138876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692819/000119312523138876/d351861d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138876

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