⚡Vistra Reports Third Quarter 2024 Results, Raises and Narrows 2024 Guidance, and Initiates 2025 Guidance
⚡ "I'm proud of another strong quarter of execution and performance by the Vistra team," said Jim Burke, president and chief executive officer of $VST (Vistra Corp) "Our integrated model, which combines retail and generation with a strong commercial acumen, continues to deliver results for our many stakeholders. This is not only evident in the strength of our third quarter results, which were achieved despite milder Texas weather compared to 2023, but also in our improved outlook for both 2024 and 2025."
⚡ Burke continued, "We were pleased this quarter to announce the pending acquisition of the 15% minority interest in Vistra Vision for a net present value cash purchase price of approximately $3.1 billion2, which will increase our shareholders' ownership of our zero-carbon nuclear, energy storage, and solar generation assets, as well as our high-performing retail business. This transaction allows us to simplify our overall structure at an attractive valuation, significantly exceeding our mid-teens levered returns threshold, all while continuing to execute on our capital allocation priorities and invest in our core markets. I am proud of our team's work, and I look forward to the deal closing at the end of this year."
⚡ Burke concluded, "We continue to see opportunities for both growth and capital return, in line with our four key strategic priorities. We are making progress on our plans to develop up to 2,000 MW of gas-fueled generation capacity as we evaluate the implementation of market reforms and the trajectory of forward prices. Our capital return program continues to deliver value, having returned over $5.4 billion since the program was originally announced in November 2021. We look forward to delivering on our 2024 goals and beginning to execute on our 2025 priorities."
Read more ❓ investor.vistracorp.com/2024-11-07-Vistra-Reports-Third-Quarter-2024-Results,-Raises-and-Narrows-2024-Guidance,-and-Initiates-2025-Guidance
⚡$VST is part of eToro’s @StanleyDruck13F Smart Portfolio.
eToro has created the Stanley Druckenmiller 13F Smart Portfolio, designed to replicate the investments of the Duquesne Family Office as disclosed in the US Securities and Exchange Commission (SEC) Form 13F filings, provided by Tip Ranks. Stanley Druckenmiller is the founder and Chief Executive Officer of the Duquesne Family Office.
@StanleyDruck13F is part of eToro's Smart Portfolios series, covering innovative themes, and is available for a minimum investment of $500.
Your capital is at risk. Past performance is not an indication of future results.
... Show More
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
