earnings
confidence high
sentiment positive
materiality 0.75
Vistra Q1 Adj. EBITDA surges to $813M; raises Energy Harbor synergies, initiates 2024 guidance
Vistra Corp.
2024-Q1 EPS reported
-$0.24
revenue$3,054,000,000
- Q1 2024 Ongoing Ops Adj. EBITDA $813M, up $259M YoY from $554M.
- Initiated combined 2024 Ongoing Ops Adj. EBITDA guidance of $4,550-$5,050M; potential 2026 midpoint >$6,000M.
- Increased Energy Harbor synergy expectations plus $200M run-rate OPI initiatives by end 2026.
- Added to S&P 500; share repurchases total ~$3.9B since Nov 2021, shares down ~28%.
- Energy Harbor acquisition closed Mar 1: added >4,000 MW nuclear and ~1M retail customers.