Vistra said its net income for Q1 2024 was $18 million, net income from Ongoing Operations was $39 million, and Ongoing Operations Adjusted EBITDA was $813 million. Net income fell $680 million from Q1 2023, and the company cited the large unrealized mark-to-market gains recognized in 2023 as the main factor.

1. 01

   Vistra said its net income for Q1 2024 was $18 million, net income from Ongoing Operations was $39 million, and Ongoing Operations Adjusted EBITDA was $813 million. Net income fell $680 million from Q1 2023, and the company cited the large unrealized mark-to-market gains recognized in 2023 as the main factor.

2. 02

   The company said it closed the acquisition of Energy Harbor on March 1, 2024, which added more than 4,000 MW of nuclear generation and approximately 1 million retail customers. Ongoing Operations Adjusted EBITDA rose $259 million in Q1, and Vistra cited the inclusion of 1 months of Energy Harbor results as the main factor.

3. 03

   The company presented combined Ongoing Operations Adjusted EBITDA guidance for 2024 of $4,550 million to $5,050 million and Ongoing Operations Adjusted FCFbG guidance of $2,200 million to $2,700 million. It said it had hedged approximately 95% of its expected generation volumes for the balance of 2024, approximately 80% for 2025, and approximately 50% for 2026.

4. 04

   Vistra reported cash provided by operating activities of $312 million for Q1 2024 and said it spent $3,070 million on the Energy Harbor acquisition, net of cash acquired, in the same period. As of March 31, 2024, total available liquidity was approximately $3,000 million, and cash and cash equivalents were $1,070 million.

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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