earnings
confidence high
sentiment positive
materiality 0.90
Vistra posts 2023 net income $1,492M; Energy Harbor acquisition to close Mar 1
Vistra Corp.
2023-FY EPS reported
$3.58
revenue$14,779,000,000
- Full-year 2023 net income $1,492M vs 2022 net loss of $1,210M; Ongoing Ops Adj. EBITDA $4,140M.
- Energy Harbor acquisition receives FERC approval; closing expected March 1, adding >4,000 MW nuclear.
- Board authorizes additional $1.5B share repurchases; expects $2.25B in repurchases by 2025.
- Repurchased ~98% of TRA rights for $475M preferred stock and $150M cash, simplifying capital structure.
- 2024 standalone guidance: Ongoing Ops Adj. EBITDA $3.7B-$4.1B; hedged ~99% of 2024 generation.