VST - Vistra's Q3 Financials Show Decline Misses Estimates But Optimistic About Robust 2025 Earnings Outlook | Benzinga
Vistra Corp (NYSE: VST) reported a third-quarter FY23 operating revenue decline of 20.6% year-over-year to $4.09 billion, missing the estimate of $4.78 million.
Net income from ongoing operations stood at $519 million versus $662 million a year ago.
Adjusted EBITDA from ongoing operations of $1.61 billion came higher than $1.04 billion a year ago, led by higher energy margins achieved through strong operating results and a comprehensive hedging strategy.
As of Sept. 30, 2023, Vistra hedged ~90% of its expected generation volumes on average for the balance of 2023 through 2025, with the balance of 2023 hedged at ~99% and 2024 hedged at ~97%.
At ...