Reported Earnings • May 10
First quarter 2026 earnings released: EPS: US$2.91 (vs US$0.93 loss in 1Q 2025) First quarter 2026 results: EPS: US$2.91 (up from US$0.93 loss in 1Q 2025). Revenue: US$5.64b (up 43% from 1Q 2025). Net income: US$980.0m (up US$1.30b from 1Q 2025). Profit margin: 17% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Renewable Energy industry in South America. Declared Dividend • May 04
Fourth 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 0.5%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 76%. Duyuru • 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. Duyuru • 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 Duyuru • Mar 19
Vistra Corp., Annual General Meeting, Apr 29, 2026 Vistra Corp., Annual General Meeting, Apr 29, 2026. Upcoming Dividend • Mar 13
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 20 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 41% and the cash payout ratio is 76%. Trailing yield: 0.6%. Lower than top quartile of Mexican dividend payers (6.1%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: US$2.23 (vs US$7.16 in FY 2024) Full year 2025 results: EPS: US$2.23 (down from US$7.16 in FY 2024). Revenue: US$17.7b (up 3.0% from FY 2024). Net income: US$752.0m (down 70% from FY 2024). Profit margin: 4.2% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Renewable Energy industry in South America. Declared Dividend • Feb 23
Third quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 20th March 2026 Payment date: 31st March 2026 Dividend yield will be 0.4%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 26%. Duyuru • 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. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Mex$2,900, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Renewable Energy industry in South America. Total loss to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$4,495 per share. Duyuru • 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 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Mex$3,210, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 10x in the Renewable Energy industry in South America. Total loss to shareholders of 11% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$4,838 per share. Upcoming Dividend • Dec 15
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 22 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Mexican dividend payers (6.2%). Lower than average of industry peers (5.1%). Recent Insider Transactions • Nov 28
Executive VP recently sold Mex$26m worth of stock On the 24th of November, Stephanie Moore sold around 8k shares on-market at roughly Mex$3,208 per share. This transaction amounted to 9.3% 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 Mex$619m more than they bought in the last 12 months. New Risk • Nov 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (5.6% net profit margin). Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$1.78 (vs US$5.37 in 3Q 2024) Third quarter 2025 results: EPS: US$1.78 (down from US$5.37 in 3Q 2024). Revenue: US$4.97b (down 21% from 3Q 2024). Net income: US$604.0m (down 67% from 3Q 2024). Profit margin: 12% (down from 29% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in South America are expected to remain flat. Declared Dividend • Nov 03
Second quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 22nd December 2025 Payment date: 31st December 2025 Dividend yield will be 0.4%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 27%. Duyuru • 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. Duyuru • 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 Upcoming Dividend • Sep 12
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Mexican dividend payers (6.1%). Lower than average of industry peers (6.3%). Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$0.83 (vs US$0.92 in 2Q 2024) Second quarter 2025 results: EPS: US$0.83 (down from US$0.92 in 2Q 2024). Revenue: US$4.25b (up 11% from 2Q 2024). Net income: US$280.0m (down 12% from 2Q 2024). Profit margin: 6.6% (down from 8.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • 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. Declared Dividend • Aug 03
First 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 0.3%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 17%. Duyuru • 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. Duyuru • 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 Duyuru • 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. Upcoming Dividend • Jun 12
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 18 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Mexican dividend payers (5.8%). Lower than average of industry peers (6.9%). Recent Insider Transactions • Jun 09
Independent Chairman of the Board recently sold Mex$166m worth of stock On the 5th of June, Scott Helm sold around 50k shares on-market at roughly Mex$3,311 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by Mex$283m. Recent Insider Transactions • May 31
Executive VP recently sold Mex$109m worth of stock On the 27th of May, Stephanie Moore sold around 35k shares on-market at roughly Mex$3,102 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$122m. Insiders have been net sellers, collectively disposing of Mex$524m more than they bought in the last 12 months. Recent Insider Transactions • May 22
Independent Chairman of the Board recently sold Mex$61m worth of stock On the 19th of May, Scott Helm sold around 20k shares on-market at roughly Mex$3,036 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$122m. Scott has been a net seller over the last 12 months, reducing personal holdings by Mex$117m. Duyuru • 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. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Mex$3,039, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 7x in the Renewable Energy industry in South America. Total returns to shareholders of 121% over the past year. Reported Earnings • May 07
First quarter 2025 earnings released: US$0.93 loss per share (vs US$0.24 loss in 1Q 2024) First quarter 2025 results: US$0.93 loss per share (further deteriorated from US$0.24 loss in 1Q 2024). Revenue: US$3.93b (up 29% from 1Q 2024). Net loss: US$317.0m (loss widened 277% from 1Q 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Renewable Energy industry in South America. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 05
Fourth quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 18th June 2025 Payment date: 30th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 15%. Duyuru • 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. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Mex$2,487, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 7x in the Renewable Energy industry in South America. Total returns to shareholders of 468% over the past three years. Duyuru • 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 Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Mex$2,300, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 7x in the Renewable Energy industry in South America. Total returns to shareholders of 426% over the past three years. Recent Insider Transactions • Mar 20
Independent Director recently bought Mex$3.8m worth of stock On the 12th of March, John Pitesa bought around 2k shares on-market at roughly Mex$2,559 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$354m more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 16
Independent Director recently bought Mex$3.8m worth of stock On the 12th of March, John Pitesa bought around 2k shares on-market at roughly Mex$2,559 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$354m more in shares than they bought in the last 12 months. Upcoming Dividend • Mar 13
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 20 March 2025. Payment date: 31 March 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (7.3%). Duyuru • Mar 10
Vistra Corp., Annual General Meeting, Apr 30, 2025 Vistra Corp., Annual General Meeting, Apr 30, 2025. Duyuru • 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. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: US$7.24 (vs US$3.63 in FY 2023) Full year 2024 results: EPS: US$7.24 (up from US$3.63 in FY 2023). Revenue: US$17.2b (up 17% from FY 2023). Net income: US$2.47b (up 84% from FY 2023). Profit margin: 14% (up from 9.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Renewable Energy industry in South America. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 26
Third quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 20th March 2025 Payment date: 31st March 2025 Dividend yield will be 0.4%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 25%. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Mex$2,768, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Renewable Energy industry in South America. Total returns to shareholders of 558% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$4,455 per share. Duyuru • 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. Duyuru • 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 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Mex$2,846, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 8x in the Renewable Energy industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$4,679 per share. Buy Or Sell Opportunity • Jan 27
Now 39% undervalued Over the last 90 days, the stock has risen 11% to Mex$2,846. The fair value is estimated to be Mex$4,679, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Mex$3,320, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 9x in the Renewable Energy industry in South America. Total returns to shareholders of 705% over the past three years. Duyuru • 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. Duyuru • 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. Recent Insider Transactions • Dec 13
Independent Chairman of the Board recently sold Mex$57m worth of stock On the 10th of December, Scott Helm sold around 20k shares on-market at roughly Mex$2,833 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$127m. This was Scott's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 27
Executive VP recently sold Mex$127m worth of stock On the 22nd of November, Stephanie Moore sold around 38k shares on-market at roughly Mex$3,319 per share. This transaction amounted to 30% 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 Mex$179m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Mex$3,425, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Renewable Energy industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$4,794 per share. Reported Earnings • Nov 09
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 2.9% growth forecast for the Renewable Energy industry in South America. Declared Dividend • Nov 04
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 0.5%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 63%. Cash payout ratio: 20%. Duyuru • 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. Buy Or Sell Opportunity • Oct 11
Now 22% undervalued Over the last 90 days, the stock has risen 48% to Mex$2,389. The fair value is estimated to be Mex$3,079, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Duyuru • 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 Mex$1,770, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Renewable Energy industry in South America. 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: 1.0%. Lower than top quartile of Mexican dividend payers (7.4%). Lower than average of industry peers (7.9%). Recent Insider Transactions • Aug 16
Executive VP recently sold Mex$53m worth of stock On the 13th of August, Stephanie Moore sold around 35k shares on-market at roughly Mex$1,533 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 Mex$53m 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 4.3% growth forecast for the Renewable Energy industry in South America. New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 8.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Shares are highly illiquid. Minor Risk Profit margins are more than 30% lower than last year (3.4% net profit margin). Declared Dividend • Aug 03
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 0.8%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 51%. Cash payout ratio: 20%. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Mex$1,340, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Renewable Energy industry in South America. Duyuru • 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 Mexican dividend payers (6.6%). Lower than average of industry peers (8.3%). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Mex$1,770, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Renewable Energy industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,442 per share. Reported Earnings • May 08
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 2.4% growth forecast for the Renewable Energy industry in South America. 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 0.8%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 11%. Duyuru • 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. Duyuru • 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 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: 1.4%. Lower than top quartile of Mexican dividend payers (6.3%). Lower than average of industry peers (8.4%). Duyuru • 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 1.2%, 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 South America are expected to grow by 1.2%. 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 20% per year, which means it is significantly lagging earnings growth. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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 Mexican dividend payers (6.5%). Lower than average of industry peers (8.1%). New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 13% 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 Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks High level of debt (210% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Duyuru • 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. Duyuru • 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 Duyuru • 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. 
