Vistra Corp Reports Transformative Year in 2024 Financial Results

IRVING, Texas, Feb. 27, 2025 /PRNewswire/ — Vistra Corp. today unveiled its fourth quarter and full-year 2024 financial results, showcasing significant achievements underlining the company’s transformative year. Jim Burke, president and CEO of Vistra, emphasized the role of the staff, stating, ‘The talent and dedication of the people who make up Team Vistra resulted not only in a record year but a transformational one for our company.’

During 2024, Vistra finalized a notable acquisition, adding three nuclear power sites and approximately one million retail customers in the competitive PJM market, significantly enhancing its operational capacity. The company also grew its workforce by 2,000 employees and now operates the nation’s second-largest competitive nuclear fleet. Additionally, Vistra joined both the S&P 500 and Dow Jones Sustainability indices.

‘These accomplishments, executed by our integrated business working as One Team, delivered on our commitment to provide reliable, affordable electricity to our customers and strong financial performance to our shareholders,’ Burke added. ‘It is an exciting time to be part of Vistra, and we look forward to executing our 2025 priorities.’

In the summary of financial results, Vistra reported a net income of $2,812 million for the full year, a substantial increase from $1,492 million in 2023. The ongoing operations net income was $2,928 million, marking a significant jump from $1,498 million year over year. Furthermore, Vistra’s ongoing operations adjusted EBITDA rose to $5,656 million, up from $4,140 million in 2023.

For the fourth quarter alone, Vistra reported a net income of $490 million compared to a net loss of $184 million in the previous year’s comparable quarter. The adjusted EBITDA for ongoing operations was $1,985 million, up from $965 million year over year.

The live earnings webcast was scheduled for 10 a.m. ET today, allowing stakeholders to delve into greater detail regarding the financial results and overlooked aspects of the yearly performance. A recorded version of the presentation will be available on Vistra’s website for a full year post-event.

Vistra’s full-year financial performance is also reflected in the company’s reaffirmed guidance for 2025, with ongoing operations adjusted EBITDA projected between $5,500 million and $6,100 million. The cash flow from ongoing operations is anticipated to lie between $3,000 million and $3,600 million as the company continues its financial strategies.

As of February 24, 2025, Vistra successfully hedged approximately 100% of its expected generation volumes for 2025 and around 80% for 2026. This comprehensive hedging program aims to support the company’s financial forecasts for this year and beyond.

Vistra is committed to sustaining its growth trajectory while addressing customer needs and emerging trends in electrification. The organization’s focus remains on delivering a reliable and sustainable service to its extensive customer base reaching from California to Maine.