🔹 Adj. EBITDA: $1.99B (Est. $1.80B) 🟢; UP +106% YoY
🔹 Net Income: $490M (vs. -$184M YoY)
🔹 Cash Flow from Operations: $4.56B (FY24)
FY25 Guidance (Reaffirmed):
🔹 Adj. EBITDA: $5.5B - $6.1B
🔹 Adj. FCFbG: $3.0B - $3.6B
Q4 FY24 Segment Performance:
🔹 Retail Adj. EBITDA: $600M (UP +30% YoY)
🔹 Texas Adj. EBITDA: $598M (UP +151% YoY)
🔹 East Adj. EBITDA: $774M (UP +244% YoY)
🔹 West Adj. EBITDA: $44M (DOWN -34% YoY)
Strategic Developments & Acquisitions:
🔸 Completed Vistra Vision minority stake repurchase (now sole owner of carbon-free assets)
🔸 Closed Energy Harbor acquisition (added three nuclear sites, 1M+ retail customers)
🔸 Expanded renewable energy with two new solar-plus-storage facilities
Capital Allocation & Shareholder Returns:
🔹 Share Repurchases: ~$4.9B executed since 2021
🔹 Outstanding Shares: 338.9M (-30% since 2021)
🔹 $1.9B remaining repurchase authorization (to be completed by 2026)
Clean Energy & Infrastructure Expansion:
🔸 Illinois Coal-to-Solar Initiative: Baldwin (70 MW) & Coffeen (46 MW) operational
🔸 Increased nuclear capacity by acquiring additional 970 MW
🔸 Signed two large renewable PPAs
Liquidity Position:
🔹 Total Available Liquidity: $4.12B
🔹 Cash & Equivalents: $1.19B
CEO Jim Burke's Commentary:
🔸 "2024 was a record and transformational year for Vistra. We added nuclear assets, expanded retail, and exceeded financial targets—all while reinforcing our commitment to clean energy and shareholder value."
