Strong Financial Performance
Vistra Corp. reported full-year adjusted EBITDA of $5.656 billion, exceeding the top end of their original guidance range, even before considering the $545 million benefit from the nuclear production tax credit recognized in the fourth quarter.
Significant Acquisition and Market Expansion
Completed a unique acquisition adding three new nuclear sites, one million retail customers, and nearly two thousand team members. This includes a twenty-year license renewal for the Comanche Peak nuclear power plant and two large power purchase agreements for a renewable pipeline.
Retail Business Growth
The retail business grew and reached performance levels not achieved in the past two decades, attributed to Vistra Corp.'s 'one team' mindset.
Capacity Additions and Infrastructure Development
Positioned for significant capacity additions with upgrades totaling approximately 500 megawatts in the Texas market and plans to convert the Toledo Creek coal plant to a gas fuel plant by 2027.
Positive Long-term Outlook
Reaffirmed guidance of $5.5 billion to $6.1 billion in adjusted free cash flow before growth and projected significant potential for further growth in adjusted EBITDA beyond the estimated $6 billion in 2026.
Zero-carbon Growth Initiatives
Completed and brought online two solar and energy storage facilities and started construction on projects in Texas and Illinois, adding over 600 megawatts of renewable capacity.
Shareholder Return and Deleveraging
Returned approximately $5.9 billion to investors through share repurchases and dividends since 2021, with plans to return at least $2 billion in 2025 and 2026. Net debt at the end of 2024 was below three times adjusted EBITDA.