Vistra Energy (NYSE: VST) reported Q3 EPS of $0.61, $0.26 worse than the analyst estimate of $0.87.

Year-to-date, Vistra reported net income from ongoing operations of $154 million and adjusted EBITDA from ongoing operations of $2,069 million. Excluding the impact to adjusted EBITDA of negative $20 million during the period resulting from the partial buybacks of the Odessa Power Plant earnout in February and May, Vistra's year-to-date adjusted EBITDA from ongoing operations would have been $2,089 million. When the Odessa earnout buybacks were executed, Vistra estimated the economic benefit of the transactions, net of the premiums paid, would be approximately $25 million.

Curt Morgan, Vistra's chief executive officer, commented, "We are excited to announce Vistra's capital allocation program, including authorization to allocate an additional $1.25 billion of capital toward share repurchases and to initiate a recurring dividend in the first quarter of 2019. Today's capital allocation announcements are part of an ongoing commitment of returning capital to shareholders—all with a target to achieve 2.5 times net debt to EBITDA by year-end 2020. Vistra's resilient EBITDA production and robust free cash flow conversion in 2018 and expected in 2019 and beyond, stemming from the stability of our integrated model and substantial merger value, support this diverse capital allocation plan including a growing dividend, which we believe will create meaningful value for our shareholders."

For earnings history and earnings-related data on Vistra Energy (VST) click here.