Vistra Corp · Q2 2021 earnings

Briefing

Vistra reported mixed results in Q2 2021, with net income of $35 million and ongoing operations adjusted EBITDA of $825 million, which includes impacts from Winter Storm Uri; excluding these impacts, ongoing operations adjusted EBITDA was $909 million.

Vistra's Q2 2021 results showed a net income of $35 million. The Ongoing Operations Adjusted EBITDA was $825 million, but excluding the impacts of Winter Storm Uri, it reached $909 million. The company reaffirmed its 2021 Ongoing Operations Adjusted EBITDA and Adjusted Free Cash Flow before Growth guidance.

• Delivered second quarter 2021 Net Income of $35 million and Net Income from Ongoing Operations of $49 million.
• Second quarter 2021 Ongoing Operations Adjusted EBITDA was $909 million, which excludes the impacts from Winter Storm Uri and was in-line with management expectations for the period, but including Uri impacts, it was $825 million.
• Reaffirmed 2021 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted Free Cash Flow before Growth guidance ranges of $1,475 to $1,875 million and $200 to $600 million, respectively.
• Implemented post-Uri activities including investing nearly $50 million in 2021 for enhanced weatherization of power generating units in the ERCOT market.

Headline financials

Revenue & EPS history

Vistra is reaffirming its 2021 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $1,475 to $1,875 million and $200 to $600 million, respectively.