The company said net income for 2023 was $1,492 million and Ongoing Operations Adjusted EBITDA was $4,140 million. It said net income improved by $2,702 million from a net loss in 2022.

1. 01

   The company said net income for 2023 was $1,492 million and Ongoing Operations Adjusted EBITDA was $4,140 million. It said net income improved by $2,702 million from a net loss in 2022.

2. 02

   The company said it reaffirmed its standalone Ongoing Operations Adjusted EBITDA guidance for Vistra of $3,700 million to $4,100 million and its Adjusted FCFbG guidance of $1,900 million to $2,300 million for 2024. The ranges do not reflect Energy Harbor results.

3. 03

   The company said it expects the Energy Harbor acquisition, which has received FERC approval, to close on March 1, 2024. It said it plans to fund the approximately $3.1 billion in cash needed to close with cash on hand and borrowings under its liquidity facilities.

4. 04

   The company said it repurchased approximately 98% of the TRA rights as of February 23, 2024, in exchange for about $475 million of newly issued Series C preferred stock and about $150 million in cash. It said it repurchased about $3.7 billion of its common stock since November 2021, and its board authorized an additional $1.5 billion in share repurchases.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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