Vistra Q2 Net Income $476M, raises 2023 EBITDA guidance lower end by $200M

Vistra Corp.

2023-Q2 EPS reported $2.88 revenue$7,614,000,000

Q2 Net Income $476M vs loss of $1,357M; Ongoing Ops Adj EBITDA $1,008M, up 33% YoY.
Narrowed 2023 Adj EBITDA guidance to $3.6-4.0B (midpoint $3.8B); lower end raised $200M.
Moss Landing Phase III (350 MW) now operational; Energy Harbor acquisition on track for Q4 2023.
Declared Q3 dividend $0.2060/share (+12% YoY); repurchased ~$2.9B shares since Nov 2021.
Hedged 98% of 2023 generation; retail segment EBITDA $498M vs $403M in Q2 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vistra Corp. reported second quarter 2023 results: net income $476 million. Guidance raised.

Period: second quarter 2023
Net income: $476 million
Guidance: raised
Result: reported results

Exact text from the filing

Recorded second quarter 2023 Net Income of $476 million and Net Income from Ongoing Operations 1 of $409 million and achieved Ongoing Operations Adjusted EBITDA 1 of $1,008 million. • Updated guidance based on year-to-date performance and outlook, by narrowing the range and raising the lower end of the originally announced 2023 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges.

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Source: SEC EDGAR

accession 0001193125-23-206766

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