Vistra Corp · Q4 2019 earnings

Briefing

Vistra exceeded guidance midpoint for the fourth consecutive year and reaffirmed 2020 guidance.

Vistra Energy reported strong 2019 results, exceeding guidance midpoint for the fourth consecutive year. The company delivered Ongoing Operations Adjusted EBITDA of $3,393 million and Net Income from Ongoing Operations of $1,035 million. Vistra is focused on further strengthening the balance sheet and providing long-term capital allocation clarity later in the year.

• Delivered 2019 Ongoing Operations Adjusted EBITDA of $3,393 million and Net Income from Ongoing Operations of $1,035 million.
• Delivered 2019 Ongoing Operations Adjusted Free Cash Flow before Growth of $2,437 million.
• Reaffirmed 2020 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $3.285 to $3.585 billion and $2.16 to $2.46 billion, respectively.
• Achieved $565 million of the projected $715 million of Dynegy merger synergy and Operations Performance Initiative EBITDA value lever targets by year-end 2019.

Headline financials

Revenue & EPS history

Vistra is reaffirming its 2020 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $3,285 to $3,585 million and $2,160 to $2,460 million, respectively.