Summary
Vistra Corp. (VST) has filed its 2024 Annual Report on Form 10-K, detailing its integrated retail electricity and power generation operations. The company serves approximately 5 million retail customers across 18 states and operates a diverse generation fleet totaling 40,657 MW, including natural gas, nuclear, coal, solar, and battery storage. A significant event during 2024 was the acquisition of Energy Harbor, which expanded Vistra's nuclear and retail footprint. Financially, Vistra reported a substantial increase in net income to $2.812 billion for the year ended December 31, 2024, up from $1.492 billion in 2023. This growth was driven by strong operational performance, favorable market conditions, the addition of Energy Harbor's assets, and significant gains from transferable nuclear production tax credits (PTCs) under the Inflation Reduction Act. The company also actively managed its capital through share repurchases and debt management, while investing in its "Vistra Zero" renewables portfolio.
Financial Highlights
51 data points| Revenue | $17.22B |
| SG&A Expenses | $1.60B |
| Operating Income | $4.08B |
| Net Income | $2.66B |
| EPS (Basic) | $7.16 |
| EPS (Diluted) | $7.00 |
| Shares Outstanding (Basic) | 344.79M |
| Shares Outstanding (Diluted) | 352.57M |
Key Highlights
- 1Acquisition of Energy Harbor significantly expanded Vistra's nuclear generation capacity and retail business, adding 4,048 MW of nuclear power.
- 2Net income increased substantially to $2.812 billion for the year ended December 31, 2024, up from $1.492 billion in 2023.
- 3Vistra benefited significantly from the Inflation Reduction Act, recognizing $556 million in transferable PTC and ITC revenues in 2024.
- 4The company repurchased approximately 16.6 million shares for $1.2 billion during 2024, continuing its capital return strategy.
- 5Vistra is strategically investing in its "Vistra Zero" portfolio, including solar and battery energy storage projects, and announced plans to repower the Coleto Creek plant to natural gas.
- 6The company's total generation capacity stands at 40,657 MW, with a diverse fuel mix including a substantial natural gas fleet (59%) and significant nuclear capacity (16%).
- 7Vistra reported strong Adjusted EBITDA of $5.539 billion for 2024, reflecting the strength of its integrated business model and risk management strategies.