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⚡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.
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