Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €139, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Renewable Energy industry in Europe. Total returns to shareholders of 532% over the past three years. Upcoming Dividend • Jun 15
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 22 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.3%). Declared Dividend • May 20
First quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 22nd June 2026 Payment date: 30th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 27%. Annuncio • May 03
Vistra Declares Quarterly Dividend on Common Dividend, Payable on June 30, 2026 Vistra announced that its board of directors has declared a quarterly dividend of $0.2290 per share of Vistra's common stock. The common dividend is payable on June 30, 2026, to common stockholders of record as of June 22, 2026. The ex-dividend date for the common dividend will be June 22, 2026. Annuncio • Apr 04
Vistra Corp. to Report Q1, 2026 Results on May 07, 2026 Vistra Corp. announced that they will report Q1, 2026 results on May 07, 2026 Annuncio • Mar 19
Vistra Corp., Annual General Meeting, Apr 29, 2026 Vistra Corp., Annual General Meeting, Apr 29, 2026. Annuncio • Feb 20
Vistra Corp. Declares Quarterly Dividend on Common Stock, Payable on March 31, 2026 Vistra Corp. announced that its board of directors has declared a quarterly dividend of $0.2280 per share of Vistra's common stock, reflecting an estimated aggregate payment of approximately $75 million this quarter. The common dividend is payable on March 31, 2026, to common stockholders of record as of March 20, 2026. The ex-dividend date for the common dividend will be March 20, 2026. Annuncio • Jan 24
Vistra Corp. to Report Q4, 2025 Results on Feb 26, 2026 Vistra Corp. announced that they will report Q4, 2025 results on Feb 26, 2026 Annuncio • Oct 31
Vistra Declares Quarterly Dividend on Common Stock, Payable on December 31, 2025 Vistra Corp. board of directors has declared a quarterly dividend of $0.2270 per share of Vistra's common stock, reflecting an estimated aggregate payment of approximately $75 million this quarter. This represents an approximate 2% increase in the company's quarterly common stock dividend per share from its fourth quarter 2024 dividend. The common dividend is payable on December 31, 2025, to common stockholders of record as of December 22, 2025. The ex-dividend date for the common dividend will be December 22, 2025. Annuncio • Oct 03
Vistra Corp. to Report Q3, 2025 Results on Nov 06, 2025 Vistra Corp. announced that they will report Q3, 2025 results at 12:30 PM, US Eastern Standard Time on Nov 06, 2025 Declared Dividend • Aug 18
Second quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 19th September 2025 Payment date: 30th September 2025 Dividend yield will be 0.5%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 27%. Annuncio • Aug 07
Vistra Corp. Reports Unaudited Impairment of Long-Lived Assets for the Three Months Ended June 30, 2025 Vistra Corp. reports unaudited impairment of long-lived assets for the three months ended June 30, 2025. For the period, the company reported impairment of long-lived assets was $68 million. Annuncio • Jul 31
Vistra Declares Dividend on Common Stock, Payable on September 30, 2025 Vistra announced that its board of directors has declared a quarterly dividend of $0.2260 per share of Vistra's common stock, reflecting an estimated aggregate payment of approximately $75 million this quarter. This represents an approximate 3% increase in the company's quarterly common stock dividend per share from its third quarter 2024 dividend. The common dividend is payable on September 30, 2025, to common stockholders of record as of September 19, 2025. The ex-dividend date for the common dividend will be September 19, 2025. Annuncio • Jul 09
Vistra Corp. to Report Q2, 2025 Results on Aug 07, 2025 Vistra Corp. announced that they will report Q2, 2025 results on Aug 07, 2025 Annuncio • Jul 08
Vistra Receives Approval to Extend Operation of Perry Nuclear Plant Through 2046 Vistra announced that it has received approval from the Nuclear Regulatory Commission to extend the operation of its 1,268-megawatt Perry Nuclear Power Plant through 2046, an additional 20 years beyond its original license. The plant first connected to the grid in 1986 and is currently operating under its initial 40-year license. The company submitted its application for license renewal to the NRC in 2023. Perry, a single-unit facility, is the last of Vistra's six nuclear reactors to apply for and receive its license extension, through 2046, from the NRC. Now, each of Vistra's reactors is licensed to operate for a total of 60 years. Beaver Valley units 1 and 2 in Pennsylvania are licensed through 2036 and 2047, respectively; the single reactor at Davis-Besse in Ohio is licensed through 2037; and Comanche Peak units 1 and 2 in Texas are licensed to operate through 2050 and 2053, respectively. Nuclear plants are uniquely positioned to provide both carbon-free power and always-on baseload generation. Vistra has established a leading role in a strategic, responsible energy transition and expansion, operating the nation's second-largest competitive fleet of nuclear power plants. Together, these six nuclear reactors have the capacity to generate more than 6,500 MW of emission-free energy, enough to power about 3.25 million homes. Locally, the extension of Perry's operating license also secures long-term economic benefits for the community around the plant. Perry employs approximately 600 full-time staff and more than 200 permanent contractors, supporting hundreds of families in the region. In addition, regularly scheduled refueling outages bring in 800 to 1,200 highly skilled technicians from across the country, generating significant economic activity for local hotels, restaurants, and service businesses. These recurring events represent an important boost to the local economy and underscore the plant's role as a vital regional employer. Annuncio • May 17
Vistra Corp. (NYSE:VST) agreed to acquire Natural Gas Assets of Lotus Infrastructure Partners for $1.9 billion. Vistra Corp. (NYSE:VST) agreed to acquire Natural Gas Assets of Lotus Infrastructure Partners for $1.9 billion on May 15, 2025. Vistra is acquiring these assets for $1.9 billion or approximately $743/kW, subject to certain net working capital adjustments. The acquisition includes five combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, New England, New York, and California. Vistra expects to fund the transaction with the assumption of an existing term loan from Lotus and cash on hand.
The transaction is subject to certain regulatory approvals, including the Federal Energy Regulatory Commission and the Department of Justice under the Hart-Scott-Rodino Act, and is expected to close sometime in late 2025 or early 2026. The acquisition is expected to deliver immediate benefits to Vistra shareholders, including Ongoing Operations AFCFbG per share accretion. Barclays and Moelis & Company LLC are serving as financial advisors, and Trina Chandler, Caroline Phillips, Max Raskin, Natasha Gianvecchio, James Blackburn, Laura Waller, Stacey VanBelleghem, Robert Brown, Michelle Gross, Seth Richardson, Jocelyn Noll, Elizabeth Park, Bradley Bourne and S. Drew Levin of Latham & Watkins LLP and Cleary Gottlieb Steen & Hamilton LLP are serving as legal advisors, to Vistra. Lazard is serving as exclusive financial advisor, and Jonathan Melmed and Adam Hankiss of King & Spalding LLP and Eversheds Sutherland are serving as legal advisors, to Lotus Infrastructure Partners. Annuncio • May 02
Vistra Declares Quarterly Dividend on Common Stock, Payable on June 30, 2025 Vistra announced that its board of directors has declared a quarterly dividend of $0.2250 per share of Vistra's common stock, reflecting an estimated aggregate payment of approximately $75 million this quarter. This represents an approximate 3% increase in the company's quarterly common stock dividend per share from its second quarter 2024 dividend. The common dividend is payable on June 30, 2025, to common stockholders of record as of June 18, 2025. The ex-dividend date for the common dividend will be June 18, 2025. Annuncio • Apr 08
Vistra Corp. to Report Q1, 2025 Results on May 07, 2025 Vistra Corp. announced that they will report Q1, 2025 results on May 07, 2025 Annuncio • Mar 10
Vistra Corp., Annual General Meeting, Apr 30, 2025 Vistra Corp., Annual General Meeting, Apr 30, 2025. Annuncio • Mar 02
Vistra Corp. Provides Consolidated Earnings Guidance for the Year 2025 Vistra Corp. provided Consolidated earnings guidance for the year 2025. For the year, the company expects net income of $2,220 million to $2,690 million. Annuncio • Feb 22
Vistra Corp. Declares Quarterly Dividend on Common Stock, Payable on March 31, 2025 Vistra announced that its board of directors has declared a quarterly dividend of $0.2235 per share of Vistra's common stock, reflecting an estimated aggregate payment of approximately $75 million this quarter. The common dividend is payable on March 31, 2025, to common stockholders of record as of March 20, 2025. The ex-dividend date for the common dividend will be March 20, 2025. Annuncio • Jan 28
Vistra Corp. to Report Fiscal Year 2024 Results on Feb 27, 2025 Vistra Corp. announced that they will report fiscal year 2024 results on Feb 27, 2025 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €157, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Renewable Energy industry in Germany. Total returns to shareholders of 758% over the past three years. Annuncio • Dec 31
Vistra Appoints Rob Walters as Independent Director and Member of Sustainability and Risk Committee and Nominating and Governance Committee Vistra announced a new addition to its board of directors. Effective December 30, 2024, Rob Walters has been appointed as independent director and will serve on two board committees: Sustainability and Risk Committee and Nominating and Governance Committee. His appointment will expand Vistra's board to 11 members. Mr. Walters retired from Gibson Dunn & Crutcher LLP in 2023 where he served as senior partner and on the firm's worldwide executive committee. Walters is an experienced and skilled professional with over four decades of experience in an array of industries and regulatory arenas, including serving as executive vice president and general counsel of Vistra predecessor Energy Future Holdings Corp. In the course of his career, Rob has had deep exposure to the electric utility and power sectors and success in building elite enterprises, recruiting and leading high-performance teams of professionals, developing and executing regional and worldwide strategic initiatives, negotiating and closing major transactions, orchestrating federal and state regulatory, legislative, and policy initiatives, litigating and resolving large competition and commercial disputes, and advising boards of directors on business and governance matters, restructuring efforts, activist initiatives, governmental investigations, and antitrust and competition regulatory matters. Walters received a bachelor's degree and law degree from the University of Texas at Austin. Annuncio • Dec 18
Vistra Connects Two Utility-Scale Solar Facilities to Grid and Extends Operations of Baldwin Power Plant in Baldwin, Illinois Vistra announced that two new utility-scale solar projects in Illinois have connected to the grid and that, amid widespread concern over reliability in the MISO market, it is amending the retirement schedule of its 1,185-megawatt (MW) Baldwin Power Plant in Baldwin, Illinois. The company now intends to run the plant through 2027 instead of retiring in 2025, as previously announced, while still meeting federal Environmental Protection Agency retirement and pond closure obligations. With the addition of a new 68-MW utility-scale solar and 2-MW/8-MWh energy storage system, which began generating power this month, Baldwin is a power generation hub. The $135-million investment involved the placement of over 200,000 solar panels across 420 acres of property the plant has owned and maintained for decades. The solar generation facility will produce approximately 140,000 MWh of zero-carbon electricity annually over the next 20 years. The use of multiple technologies at Baldwin, including thermal, solar, and energy storage, demonstrates the company's commitment to evaluating how to best leverage the footprint, infrastructure, and transmission connections already at the plant sites to meet the evolving electricity needs of customers. Along with Baldwin, Vistra continues to make progress on other Coal to Solar sites, including: The 44-MW solar and 2-MW/8-MWh energy storage facility at the Coffeen Power Plant site is generating power. Construction of the 52-MW solar and 2- MW/8-MWh energy Storage facility at the Newton Power Plant will begin in 2025. Separately, as previously announced, construction has begun on a 405-MW utility-scale solar facility that will interconnect at the company's retired EEI-Joppa Power Plant through a to-be-constructed approximate 8-mile transmission line. Since its merger with Dynegy in 2018, Vistra has taken decisive steps to responsibly operate, retire, and transform its coal plant fleet in Illinois. The company has committed to retiring these plants no later than the end of 2027 to comply with existing federal EPA regulations. The Baldwin Power Plant provides significant direct and indirect economic benefits to the region and state. An economic impact study projected the plant's direct, indirect, and induced economic benefits and concluded that within Randolph County, the existing Baldwin plant: sustains approximately 298 full-time direct, indirect, and induced jobs in the area; generates more than $41 million in income for local workers in the county; has a total regional economic output of $262 million. Local governments had been anticipating the plant's property taxes to decrease after the plant's planned retirement in 2025. Extending the window of operations will provide additional local property taxes to help fund essential public services and local schools. The new solar facility is expected to generate $6 million in total property tax payments over the project's life. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$5.47 (vs US$1.27 in 3Q 2023) Third quarter 2024 results: EPS: US$5.47 (up from US$1.27 in 3Q 2023). Revenue: US$6.29b (up 54% from 3Q 2023). Net income: US$1.89b (up 306% from 3Q 2023). Profit margin: 30% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year whereas the company’s share price has increased by 97% per year. Declared Dividend • Nov 03
Second quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 20th December 2024 Payment date: 31st December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 133% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Oct 31
Vistra Declares Quarterly Dividend on Common Stock, Payable on December 31, 2024 Vistra announced that its board of directors has declared a quarterly dividend of $0.2215 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. The common dividend is payable on December 31, 2024, to common stockholders of record as of December 20, 2024. The ex-dividend date for the common dividend will be December 20, 2024. Annuncio • Oct 08
Vistra Corp. to Report Q3, 2024 Results on Nov 07, 2024 Vistra Corp. announced that they will report Q3, 2024 results on Nov 07, 2024 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €77.90, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Renewable Energy industry in Europe. Total returns to shareholders of 459% over the past three years. Upcoming Dividend • Sep 13
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.7%). New Risk • Aug 17
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.5m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Significant insider selling over the past 3 months (€2.5m sold). Recent Insider Transactions • Aug 16
Executive VP recently sold €2.5m worth of stock On the 13th of August, Stephanie Moore sold around 35k shares on-market at roughly €73.37 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.92 (vs US$1.18 in 2Q 2023) Second quarter 2024 results: EPS: US$0.92 (down from US$1.18 in 2Q 2023). Revenue: US$3.85b (up 21% from 2Q 2023). Net income: US$318.0m (down 28% from 2Q 2023). Profit margin: 8.3% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. New Risk • Aug 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Declared Dividend • Aug 04
First quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 20th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 12% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 112% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €74.76, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Renewable Energy industry in Europe. Total returns to shareholders of 430% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €69.46, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Renewable Energy industry in Europe. Total returns to shareholders of 389% over the past three years. Annuncio • Jul 17
Vistra Corp. to Report Q2, 2024 Results on Aug 08, 2024 Vistra Corp. announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jun 11
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €81.98, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Renewable Energy industry in Germany. Total returns to shareholders of 525% over the past three years. Reported Earnings • May 09
First quarter 2024 earnings released: US$0.24 loss per share (vs US$1.72 profit in 1Q 2023) First quarter 2024 results: US$0.24 loss per share (down from US$1.72 profit in 1Q 2023). Revenue: US$3.05b (down 31% from 1Q 2023). Net loss: US$84.0m (down 113% from profit in 1Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 85% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €78.36, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Renewable Energy industry in Germany. Total returns to shareholders of 552% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €150 per share. Declared Dividend • May 06
Fourth quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 18th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 11% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • May 03
Vistra Corp. Declares Quarterly Dividend on Common Stock, Payable on June 28, 2024 Vistra Corp. announced that its board of directors has declared a quarterly dividend of $0.2175 per share of it's common stock, reflecting an estimated aggregate payment of $75 million this quarter. This represents an approximate 7% increase in the company's quarterly common stock dividend per share from its second quarter 2023 dividend. The common dividend is payable on June 28, 2024, to common stockholders of record as of June 19, 2024. The ex-dividend date for the common dividend will be June 18, 2024. Annuncio • Apr 16
Vistra Corp. to Report Q1, 2024 Results on May 08, 2024 Vistra Corp. announced that they will report Q1, 2024 results on May 08, 2024 New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (205% net debt to equity). Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €67.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Renewable Energy industry in Germany. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €119 per share. Upcoming Dividend • Mar 12
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 29 March 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.5%). Annuncio • Mar 08
Vistra Corp. Announces the Appointment of John W. (Bill) Pitesa as Independent Director Vistra Corp. announced a new addition to its board of directors following the closing of the Energy Harbor acquisition. Effective March 7, 2024, John W. (Bill) Pitesa, a former chief nuclear officer for Duke Energy with more than 40 years in the nuclear industry, has been appointed as independent director. In addition, Vistra converted its existing Nuclear Oversight Advisory Board to a standing committee of the board, renamed the Nuclear Oversight Committee with Mr. Pitesa serving as chair. Mr. Pitesa has spent his entire career in the nuclear industry. He most recently served on the board of directors of Energy Harbor as chair of the nuclear committee from 2020 until the company's acquisition by Vistra. Pitesa retired in 2018 after working at the Nuclear Energy Institute (NEI) as chief nuclear officer. Previously, Pitesa served as chief nuclear officer for Duke Energy where he first joined in 1980 and served in numerous management positions, including serving two years as a loaned employee to the Institute of Nuclear Power Operations (INPO). During that time, he also supported the International Atomic Energy Agency (IAEA) and the World Association of Nuclear Operators (WANO) by serving on nuclear plant review teams. Pitesa holds a Bachelor of Science degree in electrical engineering from Auburn University. He is a registered professional engineer in North Carolina and a graduate of Harvard's Advanced Management Program. Declared Dividend • Mar 04
Fourth quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 19th March 2024 Payment date: 29th March 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 11% per year over the past 5 years and payments have been stable during that time. EPS is expected to decline by 4.1% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$3.86 (vs US$3.26 loss in FY 2022) Full year 2023 results: EPS: US$3.86 (up from US$3.26 loss in FY 2022). Revenue: US$14.8b (up 7.7% from FY 2022). Net income: US$1.34b (up US$2.72b from FY 2022). Profit margin: 9.1% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is expected to decline by 8.2% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to grow by 9.4%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 24
Vistra Corp. Declares Quarterly Dividend, Payable on March 29, 2024 Vistra Corp. announced that its board of directors has declared a quarterly dividend of $0.215 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. This represents an approximate 9% increase in the company's quarterly common stock dividend per share from its first quarter 2023 dividend. The common dividend is payable on March 29, 2024, to common stockholders of record as of March 20, 2024. The ex-dividend date for the common dividend will be March 19, 2024. Annuncio • Feb 07
Vistra Corp. to Report Q4, 2023 Results on Feb 28, 2024 Vistra Corp. announced that they will report Q4, 2023 results on Feb 28, 2024 Upcoming Dividend • Dec 12
Upcoming dividend of US$0.21 per share at 2.3% yield Eligible shareholders must have bought the stock before 19 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.5%). Annuncio • Nov 17
Vistra Corp. Approves Appointment of Margaret Montemayor as Senior Vice President, Chief Accounting Officer and Controller On November 10, 2023, the board of directors (the “ Board”) of Vistra Corp. (the “ Company”) approved the appointment of Margaret Montemayor as Senior Vice President, Chief Accounting Officer and Controller of the Company, effective November 13, 2023. Prior to joining the Company, Ms. Montemayor, age 46, held multiple positions with Pioneer Natural Resources Company from 2010 to 2022, with her most recent position being Vice President and Chief Accounting Officer from 2014 to 2022. Prior to joining Pioneer, Ms. Montemayor worked for 10 years in public accounting with Arthur Andersen and PricewaterhouseCoopers, LLP. Ms. Montemayor graduated from St. Mary’s University with a Bachelor of Business Administration degree in Accounting and a Master of Business Administration degree and is a Certified Public Accountant. Ms. Montemayor will succeed the Company’s former Senior Vice President and Controller, Christy Dobry, who will assume another role within the Company effective November 13, 2023. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$1.30 (vs US$1.53 in 3Q 2022) Third quarter 2023 results: EPS: US$1.30 (down from US$1.53 in 3Q 2022). Revenue: US$4.09b (down 21% from 3Q 2022). Net income: US$465.0m (down 26% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 02
Vistra Declares Quarterly Dividend on Common Stock, Payable on Dec. 29, 2023 Vistra announced that its board of directors has declared a quarterly dividend of $0.2130 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. This represents an approximately 10% increase in the company's quarterly common stock dividend per share from its fourth quarter 2022 dividend. The common dividend is payable on Dec. 29, 2023, to common stockholders of record as of Dec. 20, 2023. The ex-dividend date for the common dividend will be Dec. 19, 2023. Annuncio • Oct 17
Vistra Corp. to Report Q3, 2023 Results on Nov 07, 2023 Vistra Corp. announced that they will report Q3, 2023 results on Nov 07, 2023 Upcoming Dividend • Sep 12
Upcoming dividend of US$0.21 per share at 2.4% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.6%). New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks High level of debt (237% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$1.20 (vs US$3.27 loss in 2Q 2022) Second quarter 2023 results: EPS: US$1.20 (up from US$3.27 loss in 2Q 2022). Revenue: US$3.19b (up 101% from 2Q 2022). Net income: US$439.0m (up US$1.84b from 2Q 2022). Profit margin: 14% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annuncio • Aug 03
Vistra Corp. Declares Quarterly Cash Dividend on Common Stock, Payable on September 29, 2023 Vistra Corp. announced that its board of directors has declared a quarterly dividend of $0.2060 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. This represents an approximately 12% increase in the company's quarterly common stock dividend per share from its third quarter 2022 dividend. The common dividend is payable on September 29, 2023, to common stockholders of record as of September 20, 2023. The ex-dividend date for the common dividend will be September 19, 2023. Annuncio • Jul 18
Vistra Corp. to Report Q2, 2023 Results on Aug 09, 2023 Vistra Corp. announced that they will report Q2, 2023 results on Aug 09, 2023 Upcoming Dividend • Jun 13
Upcoming dividend of US$0.20 per share at 3.3% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 30 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%). Annuncio • May 10
Vistra Corp. Announces Impairment Charges for the First Quarter of 2023 Vistra Corp. announced impairment charges for the first quarter of 2023. For the quarter, the company's impairment of long-lived assets was $49 million. Reported Earnings • May 09
First quarter 2023 earnings released: EPS: US$1.70 (vs US$0.71 loss in 1Q 2022) First quarter 2023 results: EPS: US$1.70 (up from US$0.71 loss in 1Q 2022). Revenue: US$4.43b (up 42% from 1Q 2022). Net income: US$661.0m (up US$984.0m from 1Q 2022). Profit margin: 15% (up from net loss in 1Q 2022). Revenue is expected to decline by 5.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • May 05
Vistra Declares Quarterly Dividend, Payable on June 30, 2023 Vistra Corp. announced that its board of directors has declared a quarterly dividend of $0.204 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. This represents an 15% increase in the company's quarterly common stock dividend per share from its second quarter 2022 dividend. The common dividend is payable on June 30, 2023, to common stockholders of record as of June 21, 2023. The ex-dividend date for the common dividend will be June 20, 2023. Recent Insider Transactions • Mar 29
President recently bought €110k worth of stock On the 23rd of March, James Burke bought around 5k shares on-market at roughly €22.08 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €480k. James has been a buyer over the last 12 months, purchasing a net total of €2.0m worth in shares. Recent Insider Transactions • Mar 14
Independent Chairman of the Board recently bought €480k worth of stock On the 10th of March, Scott Helm bought around 20k shares on-market at roughly €23.99 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Scott has been a buyer over the last 12 months, purchasing a net total of €2.2m worth in shares. Reported Earnings • Mar 02
Full year 2022 earnings released: US$3.03 loss per share (vs US$2.69 loss in FY 2021) Full year 2022 results: US$3.03 loss per share. Revenue: US$13.7b (up 14% from FY 2021). Net loss: US$1.23b (loss narrowed 5.3% from FY 2021). Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 8.3% decline forecast for the Renewable Energy industry in Germany. Annuncio • Feb 14
Vistra Corp. to Report Q4, 2022 Results on Mar 01, 2023 Vistra Corp. announced that they will report Q4, 2022 results on Mar 01, 2023 Annuncio • Feb 02
Vistra Corp. Appoints Julie Lagacy as Independent Director Vistra announced a new addition to its board of directors. Effective February 1, 2023, Julie Lagacy has been appointed as independent director. She will serve on the board's Sustainability & Risk Committee and the Social Responsibility & Compensation Committee. Lagacy's appointment will expand Vistra's board to 11 members. Julie Lagacy most recently served as Caterpillar Inc.'s first chief sustainability and strategy officer. Lagacy began her career at Caterpillar in 1988 and held various leadership roles, including chief financial officer of the global mining division, and vice president of global information services and chief information officer. Lagacy brings extensive executive management experience including financial, strategic, technology, cybersecurity, ESG, management development, acquisitions, and capital allocation. She also serves on the board of the Illinois Cancer Care Charitable Foundation. Upcoming Dividend • Dec 12
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 19 December 2022. Payment date: 29 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.7%). Recent Insider Transactions • Nov 16
Independent Chairman of the Board recently bought €354k worth of stock On the 9th of November, Scott Helm bought around 15k shares on-market at roughly €23.63 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Scott has been a buyer over the last 12 months, purchasing a net total of €1.2m worth in shares. Recent Insider Transactions • Nov 11
Independent Chairman of the Board recently bought €354k worth of stock On the 9th of November, Scott Helm bought around 15k shares on-market at roughly €23.63 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Scott has been a buyer over the last 12 months, purchasing a net total of €1.2m worth in shares. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$1.59 (vs US$0.015 in 3Q 2021) Third quarter 2022 results: EPS: US$1.59 (up from US$0.015 in 3Q 2021). Revenue: US$5.15b (up 72% from 3Q 2021). Net income: US$668.0m (up US$661.0m from 3Q 2021). Profit margin: 13% (up from 0.2% in 3Q 2021). Revenue is forecast to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Annuncio • Nov 02
Vistra Launches Retail Electricity Product Vistra announced the launch of a new, innovative, technology-enabled retail electricity product. Through its brand, TXU Energy, the company is offering a first-of-its-kind plan that uses electric vehicle data to allow free home charging – every day – and provides power backed by 100% renewable sources for all home energy needs. With TXU Energy Free EV Miles?, customers get to drive more miles for less money with a 100% discount on all home EV charging every evening from 7 p.m. through 1 p.m. the next day – 125 hours each week for free. Customers will see their free charging usage and free miles on each monthly billing statement. If an owner needs to charge outside of the free hours, they will pay a simple, fixed rate – the same as the rest of their home. Annuncio • Nov 01
Vistra Corp. Declares Dividend on Common Stock, Payable on December 29, 2022 Vistra announced that its board of directors has declared a quarterly dividend of $0.193 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter, and together with dividends paid in the first, second, and third quarters, ~$300 million cumulatively in 2022. This represents a ~29% increase in the company's quarterly common stock dividend per share from its fourth quarter 2021 dividend. The common dividend is payable on December 29, 2022, to common stockholders of record as of December 20, 2022. The ex-dividend date for the common dividend will be December 19, 2022. Annuncio • Oct 11
Vistra Corp. to Report Q3, 2022 Results on Nov 04, 2022 Vistra Corp. announced that they will report Q3, 2022 results on Nov 04, 2022 Upcoming Dividend • Sep 13
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 30 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.7%). Annuncio • Aug 23
Vistra Corp. Appoints Stacey Doré as Chief Strategy and Sustainability Officer and Executive Vice President of Public Affairs Vistra Corp. announced that Stacey Doré will be joining the company as its first chief strategy and sustainability officer and executive vice president of public affairs, effective August 23, 2022. Doré, who previously worked for Vistra's predecessor companies, will report to Vistra's president and chief executive officer, Jim Burke. In this new role, Doré is responsible for corporate strategy, sustainability, regulatory and government affairs, communications, and community engagement. Doré most recently served as president and chief executive officer of Hunt Utility Services and Sharyland Utilities, an electric utility within the Electric Reliability Council of Texas market, from 2019-2021. Prior to that role, she was senior vice president and general counsel for publicly traded InfraREIT Inc., an electric transmission and distribution company structured as a real estate investment trust, from 2016-2019. Doré originally joined Vistra's predecessor companies in 2008 as part of the legal team where she served in several leadership roles, including executive vice president and general counsel. She began her career as an attorney at Vinson & Elkins in 1997. Doré is a member of the board of directors for Williams, a leading energy infrastructure company with operations across the natural gas value chain, where she serves on the audit committee and the governance and sustainability committee. She holds a juris doctor from Harvard Law School and a bachelor's degree in journalism from University of Southwestern Louisiana. Recent Insider Transactions • Aug 12
Independent Director recently bought €192k worth of stock On the 10th of August, Paul Barbas bought around 8k shares on-market at roughly €24.05 per share. In the last 3 months, there was an even bigger purchase from another insider worth €716k. Despite this recent purchase, insiders have collectively sold €14m more in shares than they bought in the last 12 months. Reported Earnings • Aug 06
Second quarter 2022 earnings released: US$3.11 loss per share (vs US$0.074 profit in 2Q 2021) Second quarter 2022 results: US$3.11 loss per share (down from US$0.074 profit in 2Q 2021). Revenue: US$1.59b (down 38% from 2Q 2021). Net loss: US$1.37b (down US$1.40b from profit in 2Q 2021). Over the next year, revenue is forecast to grow 42% compared to a 15% decline forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Annuncio • Jul 29
Vistra Declares Third Quarter Dividend, Payable on Sept. 20, 2022 Vistra announced that its board of directors has declared a third quarter dividend of $0.184 per share of Vistra's common stock, reflecting an aggregate payment of approximately $75 million this quarter, and together with the dividends paid in the first and second quarters, approximately $225 million cumulatively in 2022. This represents a 23% increase in the company's quarterly common stock dividend per share from its third quarter 2021 dividend. The common dividend is payable on Sept. 30, 2022, to common stockholders of record as of Sept. 21, 2022. The ex-dividend date for the common dividend will be Sept. 20, 2022. Annuncio • Jul 22
Vistra Corp. Announces Executive Changes, Effective August 1, 2022 On July 20, 2022, the Board of Directors of Vistra Corp. appointed Kristopher E. Moldovan as its next Executive Vice President and Chief Financial Officer effective as of August 1, 2022. Mr. Moldovan, 50, has been with Vistra and its predecessor companies since 2006 and, for the past five years, has served as senior vice president and treasurer, where he is responsible for all treasury-related activities, including financing activities and assuring availability of liquidity and cash resources, among other responsibilities. From 2010 to 2017, he was the Company’s assistant treasurer. Mr. Moldovan originally joined the Company as senior counsel, where much of his work focused on finance and mergers and acquisitions. Prior to joining the Company, Mr. Moldovan was an attorney for Gibson, Dunn & Crutcher, LLP in Dallas and for Wildman, Harrold, Allen & Dixon in Chicago, where he gained extensive experience in mergers and acquisitions, finance, and general corporate advisory. On July 20, 2022, the Board appointed James A. Burke to the Board, effective as of the Effective Date. Mr. Burke’s appointment as director is part of the Company’s previously announced succession plan involving the appointment of Mr. Burke as Chief Executive Officer and director upon the transition of Curtis A. Morgan from the Company effective as of the Effective Date.