secwatch.observer — SEC 8-K summary
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Issuer:     Vistra Corp. (VST)
CIK:        0001692819
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001193125-25-114425
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vistra Q1: GAAP loss $268M, Ongoing Ops EBITDA surges to $1.24B; 2025 outlook reaffirmed
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- GAAP Q1 Net Loss of $268M vs $18M income last year; Ongoing Ops Adjusted EBITDA rose to $1,240M from $810M.
- Reaffirmed 2025 guidance: Ongoing Ops Adj EBITDA $5.5-6.1B, cash flow $3.0-3.6B; 2026 midpoint >$6B.
- Share repurchases totaled ~$5.2B since Nov 2021; outstanding shares reduced ~30% to 339.3M; $1.5B authorization remains.
- New clean energy commitments: Newton coal-to-solar/storage (52MW), PPAs with Amazon (200MW) and Microsoft (405MW).
- Liquidity ~$3.9B; hedging 100% for 2025 and 90% for 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692819/000119312525114425/0001193125-25-114425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692819/000119312525114425/d932115d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-114425

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