Vistra Reports Second Quarter 2020 Results Above Expectations; 2020 Tracking Above Midpoint of Guidance
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Vistra Energy (VST) Reports Q2 Revenues Miss
August 5, 2020 6:34 AM EDTVistra Energy (NYSE: VST) reported Q2 revenue for the quarter came in at $2.51 billion versus the consensus estimate of $2.81 billion.
Financial Highlights
Delivered second quarter 2020 Net Income of $164 million and Net Income from Ongoing Operations1 of $178 million. Second quarter 2020 Ongoing Operations Adjusted EBITDA1 was $929 millionresults above expectations for the quarter.Reaffirmed 2020 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted Free Cash Flow before Growth1,2 (FCFbG) guidance ranges of $3,285 to $3,585 million and $2,160 to $2,460 million, respectively, an expected EBITDA to free cash flow conversion... More