Vistra Q3 revenue and adjusted EBITDA beat estimates on higher energy, capacity prices
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) |
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(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.)