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Vistra Q2 net income $305M; adjusted EBITDA up 30% YoY to $1,767M
GAAP Q2 net income $305M vs $327M YoY; includes $472M unrealized hedge loss.
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Vistra ups receivables facility to $1.25B and extends repurchase facility to July 2027
Receivables Purchase Agreement commitment increased from $1.1B to $1.25B; term extended to July 9, 2027.
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Vistra clears 10,924 MW in PJM 2028/2029 capacity auction at $325/MW-day
Cleared 10,924 MW at $325.00/MW-day in PJM 2028/2029 capacity auction.
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Vistra ups revolving credit facility to $5.5B, releases guarantees on commodity-linked debt
Revolving credit commitments increased from $3.44B to $5.50B under amended Credit Agreement.
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Vistra Q1 Net Income $1,029M; reaffirms FY26 EBITDA guidance $6.8-$7.6B
GAAP net income of $1,029M vs. $(268)M YoY; includes $723M unrealized hedge gain.
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Vistra annual meeting elects 11 directors, approves say-on-pay, ratifies Deloitte
All 11 director nominees elected with majority support; broker nonvotes ranged from 25.8M to 26.4M.
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Vistra Operations closes $4B senior notes offering; proceeds to repay 2027 notes and Term Loan B-3
Four tranches: $500M 4.550% due 2028, $1.0B 5.000% due 2031, $1.0B 5.250% due 2033, $1.5B 5.550% due 2036.
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Vistra FY2025 Adj EBITDA $5.912B beats guidance; FY2026 outlook $6.8-7.6B; secures ~3.8 GW nuclear PPAs
Ongoing Operations Adj EBITDA $5.912B for FY2025, +$269M YoY, exceeding midpoint guidance by ~$112M.
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Vistra issues $2.25B senior secured notes to fund Cogentrix Energy acquisition
Issued $1.0B of 4.700% notes due 2031 and $1.25B of 5.350% notes due 2036.
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Vistra signs 20-year PPAs with Meta to supply 2,609 MW nuclear power
Signed 20-year PPAs with Meta for 2,609 MW of carbon-free nuclear power from Perry, Davis-Besse, and Beaver Valley plants.
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Vistra acquires Cogentrix Energy's 5,500 MW natural gas fleet for ~$4.0B net
Vistra to buy 10 gas plants (5,496 MW) from Quantum Capital Group.
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Vistra clears 10,566 MW in PJM capacity auction at $333.44/MW-day for 2027/2028
Total cleared capacity of approximately 10,566 MW across all PJM zones.
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Vistra discloses annual TRA payment of $687,690 for taxable year 2024
Aggregate payment of $687,690 ($590,353 return of basis, $97,337 interest) on Dec 1, 2025.
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Vistra Reports Q3 2025 Net Income of $652M, Narrows 2025 EBITDA Guidance to $5.7B-$5.9B
Third quarter 2025 GAAP Net Income of $652 million and Ongoing Operations Adjusted EBITDA of $1,581 million.
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Vistra completes $1.9B acquisition of seven natural gas plants (2,600 MW) from Lotus Infrastructure Partners
Acquired 100% membership interests in seven modern natural gas generation facilities totaling ~2,600 MW capacity.
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Vistra closes $2B senior secured note offering with three tranches due 2028, 2030, 2035
Issued $750M of 4.300% notes due 2028, $500M of 4.600% notes due 2030, and $750M of 5.250% notes due 2035.
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Vistra extends revolving credit maturity to Sep 2026 and modifies borrowing base
Vistra Operations amended its $1.75B commodity-linked credit agreement, extending the revolving credit maturity from Oct 1, 2025 to Sep 30, 2026.
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Vistra signs 20-year PPA for 1,200 MW carbon-free power from Comanche Peak
20-year PPA with investment-grade customer for 1,200 MW of carbon-free power from Comanche Peak Nuclear Power Plant.
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Vistra Q2 GAAP net income $327M; reaffirms 2025 EBITDA guidance $5.5-6.1B
GAAP net income $327M vs $467M YoY; Ongoing Ops net income $370M; Ongoing Ops Adjusted EBITDA $1,349M.
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Vistra clears ~10,314 MW in PJM 2026/2027 capacity auction at $329.17/MW-day
Cleared 10,313.8 MW across all PJM zones at a uniform clearing price of $329.17 per MW-day.
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Vistra extends AR securitization and repurchase facilities, ups commitment to $1.1B
RXU Receivables securitization facility commitment increased from $1.0B to $1.1B.
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Vistra to acquire 2.6 GW of natural gas assets from Lotus for $1.9B
Seven natural gas facilities totaling 2,557 MW for $1.9B, or ~$743/kW; includes Fairless (1,320 MW), Manchester (510 MW), etc.
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Vistra Q1: GAAP loss $268M, Ongoing Ops EBITDA surges to $1.24B; 2025 outlook reaffirmed
GAAP Q1 Net Loss of $268M vs $18M income last year; Ongoing Ops Adjusted EBITDA rose to $1,240M from $810M.
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Vistra stockholders approve charter amendments removing supermajority, officer exculpation, and new ESPP
Stockholders approved removal of 66 2/3% supermajority voting standard, replacing with simple majority.
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Vistra reports FY2024 Net Income $2.81B, Adj EBITDA $5.66B; reaffirms 2025 guidance
GAAP FY2024 Net Income $2,812M ($2.8B), Cash from Ops $4,563M; Adj EBITDA $5,656M exceeded original guidance midpoint by $856M.
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Vistra appoints Rob Walters to its board of directors, expanding to 11 members
Board expanded from 10 to 11 members; Walters effective Dec 30, 2024.
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Vistra Zero subsidiary amends credit agreement, cuts interest margins by 75 bps
Interest rate margins on ABR Loans and Term SOFR Loans reduced by 75 basis points.
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Vistra reduces interest rate margins on 2018 Term Loans by 25 bps
ABR loans margin cut from 1.00% to 0.75% per annum; Term SOFR loans from 2.00% to 1.75%.
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Vistra issues $1.25B senior secured notes in two tranches (5.050% due 2026, 5.700% due 2034)
Issued $500M of 5.050% notes due 2026 and $750M of 5.700% notes due 2034.
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Vistra EVP & President of Wholesale Ops Stephen Muscato to resign Jan 1, 2025, retire April 1
Stephen J. Muscato resigns as EVP and President of Vistra Wholesale Operations effective Jan 1, 2025.
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Vistra launches private offering of senior secured notes due 2026 and 2034
Vistra Operations expects to privately offer senior secured notes due 2026 and 2034; principal amount not disclosed.
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Vistra modifies Avenue unit purchase terms, conditional on $1.25B notes offering
Vistra enters letter agreement with Avenue; if $1.25B+ notes priced by Dec 20, Avenue's 15% Vistra Vision stake closes Dec 31, 2024 in single payment.
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Vistra announces $392K TRA payment for 2023; repurchased ~98% of TRA Rights
Annual tax payment of $392,481 ($338,897 return of basis + $53,584 interest) to be paid Dec 2, 2024 to holders of record Nov 25, 2024.
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Vistra Q3 net income $1,837M; raises 2024 EBITDA guidance; initiates 2025; $3.1B Vision acquisition
GAAP net income $1,837M for Q3 2024, up $1,335M YoY; Ongoing Ops Adjusted EBITDA $1,444M.
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Vistra adopts amended bylaws with procedural and proxy access changes
Board approved Amended and Restated Bylaws effective October 30, 2024.
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Vistra extends revolver maturity to 2029, increases commitments by $265M
Maturity of 2022 Extended Revolving Credit Facility extended from April 2027 to October 2029.
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Vistra extends credit facility maturity to Oct 2025, ups commitments to $1.75B
Revolving Credit Maturity extended from Oct 2, 2024 to Oct 1, 2025.
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Vistra to acquire remaining 15% stake in Vistra Vision for $3.248B, closing Dec. 31
Vistra will pay $3.248B (NPV $3.085B at 6% discount) for Nuveen/Avenue's 15% interest in Vistra Vision.
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Vistra Q2 Net Income $467M, raises 2025 EBITDA midpoint by $200M to $5.2-5.7B
Q2 2024 Net Income $467M; Ongoing Operations Adj EBITDA $1,414M, up $406M YoY.
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Vistra clears 10,255 MW in PJM capacity auction at $273.45/MW-day for 2025/2026
Cleared 10,255 MW in PJM 2025/2026 capacity auction at weighted avg price of $273.45/MW-day.
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Vistra extends AR securitization & repurchase facilities; repricing rate up 10 bps to SOFR+1.60%
Term of TXU Energy Receivables securitization facility extended to July 11, 2025 via amendment to RPA.
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Vistra Q1 Adj. EBITDA surges to $813M; raises Energy Harbor synergies, initiates 2024 guidance
Q1 2024 Ongoing Ops Adj. EBITDA $813M, up $259M YoY from $554M.
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Vistra shareholders approve incentive plan amendment, elect directors at 2024 annual meeting
All 10 director nominees elected with >99% votes; Hilary Ackermann received 95.8% for.
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Vistra closes $1.5B debt offering: $500M secured notes at 6.000% due 2034, $1B unsecured at 6.875% due 2032
Net proceeds of approximately $1.485B after fees and original issue discount.
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Vistra files Energy Harbor audited financials for FY2023; revenue $2.6B, net income $249M
Energy Harbor FY2023 revenue $2,598M, net income $249M versus FY2022 revenue $1,520M, net loss $107M
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Vistra increases receivables purchase facility to $1B, integrates Energy Harbor
Commitment under RPA raised from $750M to $1B via amendment dated April 8, 2024.
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Vistra Zero subsidiary inks $700M non-recourse term loan for solar/storage projects
$700M senior secured Term Loan B executed by Vistra Zero Operating Company, owner of 1.4 GW solar/battery assets.
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Vistra completes Energy Harbor acquisition, adds 4 GW nuclear and ~1M customers
Acquisition adds ~4,000 MW nuclear generation and ~1 million retail customers to Vistra's platform.
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Vistra posts 2023 net income $1,492M; Energy Harbor acquisition to close Mar 1
Full-year 2023 net income $1,492M vs 2022 net loss of $1,210M; Ongoing Ops Adj. EBITDA $4,140M.
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Vistra receives final regulatory approval (FERC) for Energy Harbor acquisition; closing imminent
FERC approved the acquisition of Energy Harbor, the last regulatory hurdle.