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Vistra Q3 revenue and adjusted EBITDA beat estimates on higher energy, capacity prices

By Reuters News


Overview

  • US power generator's Q3 revenue rose, beating analyst expectations

  • Ongoing Operations Adjusted EBITDA for Q3 grew over 50% yr/yr, beating consensus

  • Company authorized additional $1.5 bln share repurchases, expects to complete by end-2028


Outlook

  • Vistra raises 2026 Ongoing Operations Adjusted EBITDA guidance to $7.1 bln-$7.5 bln

  • Company lifts 2026 Ongoing Operations Adjusted FCFbG guidance to $4.3 bln-$4.7 bln

  • Vistra initiates 2027 Ongoing Operations Adjusted EBITDA outlook of $7.7 bln-$8.5 bln


Result Drivers

  • HIGHER ENERGY AND CAPACITY PRICES - Co said Q3 Ongoing Operations Adjusted EBITDA rose mainly due to higher realized energy and capacity prices

  • PLANT CONTRIBUTIONS - Co cited three months contribution from plants acquired from Lotus as a driver of higher Q3 earnings

  • FLEET AVAILABILITY - Co said its generation fleet achieved nearly 95% commercial availability during record summer demand


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Revenues

Beat

$6.35 bln

$6.02 bln (8 Analysts)

Q3 Net Income

$1.14 bln

Q3 Adjusted EBITDA

Beat

$2.38 bln

$2.14 bln (13 Analysts)


Reuters Recommended Reads

  • Nov 5 - Utility Southern Co's Q3 adjusted EPS beats estimates, helped by warmer weather

  • Nov 5 - Duke Energy Q3 adjusted EPS beats estimates

  • Nov 5 - Utility Sempra Q3 adjusted EPS beats estimates on Texas demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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