NYSE$VST

Vistra Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Vistra reported first quarter 2022 results in line with company expectations and reaffirmed 2022 guidance with increased confidence.

Vistra reported a Net Loss of $(284) million for the first quarter of 2022. However, Ongoing Operations Adjusted EBITDA was $547 million. The company reaffirmed its 2022 Ongoing Operations Adjusted EBITDA and Adjusted FCFbG guidance.

  • Delivered first quarter 2022 Net Loss of $(284) million and Net Loss from Ongoing Operations of $(222) million.
  • Ongoing Operations Adjusted EBITDA was $547 million.
  • Reaffirmed 2022 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $2,810 to $3,310 million and $2,070 to $2,570 million, respectively.
  • Executed ~$1,195 million of the authorized $2 billion share repurchase program as of May 3, 2022.

Headline financials

Total Revenue

$3.13B

Previous: $3.21B-2.6%
EPS (adj)

-$0.72

Previous: -$4.21+82.9%
Ongoing Operations Net Income

-$222M

No prior period
Capital Expenditures

-$373M

Previous: -$192M-94.3%
Free Cash Flow

-$658M

Previous: -$2.24B+70.6%
Net Income

-$285M

Previous: -$2.04B+86.0%
Operating Income

-$288M

Previous: -$2.58B+88.9%
Gross Profit

$3.13B

Previous: $3.21B-2.6%
Cash & Equivalents

$1.02B

Previous: $561M+82.2%
Total Assets

$32.8B

Previous: $25.9B+26.8%
Stock-Based Comp

$14M

Previous: $16M-12.5%

Revenue & EPS history

Vistra · Revenue · Quarterly

$3.13B

Q1 2022-2.6%vs Q1 2021
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Vistra · $501M total across 5 segments · Q1 2022

  • Texas
    $171M
  • Retail
    $163M
  • East
    $148M
  • West
    $25M
  • Asset Closure
    -$6M

Forward guidance

Vistra is reaffirming its 2022 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $2,810 to $3,310 million and $2,070 to $2,570 million, respectively.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.0%

Avg return

30 days after

50%

19 / 38 earnings

Positive

+14.0%

Q1 2024

Best reaction

-23.5%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-7.3%-6.0%
Q4 2025-0.9%-7.8%-11.3%
Q3 2025-2.6%-5.4%-11.7%
Q2 2025+2.4%+4.3%-6.4%
Q1 2025-3.7%+0.9%+19.9%
Q4 2024-12.3%-14.3%-19.7%
Q3 2024+12.5%+12.7%+26.9%
Q2 2024+6.3%+8.8%-0.3%
Q1 2024+14.0%+10.3%+4.1%
Q4 2023+7.0%+11.8%+36.6%
Q3 2023-1.9%-2.4%+5.2%
Q2 2023+6.5%+5.2%+18.2%
Q1 2023+7.9%+4.9%+6.2%
Q4 2022-3.2%+10.9%+9.1%
Q3 2022+2.6%+1.4%+3.3%
Q2 2022-3.5%-1.8%-2.6%
Q1 2022-5.0%-4.4%+1.7%
Q4 2021+5.3%+2.5%+4.9%
Q3 2021+2.8%+1.2%+7.8%
Q2 2021-1.9%-2.2%+1.1%
Q1 2021-3.7%-3.5%-7.2%
Q4 2020-23.5%-27.8%-25.9%
Q3 2020+0.5%+2.8%+4.1%
Q2 2020+0.4%+2.3%-2.8%
Q1 2020-3.9%-0.4%+6.9%
Q4 2019-2.2%+2.2%-20.4%
Q3 2019-5.9%-5.0%-10.7%
Q2 2019+0.8%+2.4%+15.8%
Q1 2019-3.4%-7.6%-13.5%
Q4 2018+1.5%-2.6%-0.5%
Q3 2018+8.1%+7.0%+1.6%
Q2 2018+3.8%+0.7%+1.6%
Q1 2018+2.9%-0.6%+5.2%
Q4 2017-0.2%+3.0%+11.1%
Q3 2017+1.3%-1.3%-2.0%
Q2 2017+5.2%+5.5%+10.3%
Q1 2017-0.3%-0.6%+10.7%
Q4 2016-0.9%+4.5%+5.2%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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