Vistra Reports Third Quarter 2020 Results Above Expectations and Reaffirms 2020 and 2021 Guidance
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Vistra Energy (VST) Reports Q3 Revenues Miss
November 4, 2020 6:35 AM ESTVistra Energy (NYSE: VST) reported Q3 revenue for the quarter came in at $3.55 billion versus the consensus estimate of $3.86 billion.
Financial Highlights
Delivered third quarter 2020 Net Income of $442 million and Net Income from Ongoing Operations1 of $502 million. Third quarter 2020 Ongoing Operations Adjusted EBITDA1 was $1,185 millionresults above expectations for the quarter.Reaffirmed 2020 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted Free Cash Flow before Growth1 (FCFbG) guidance ranges, as raised and narrowed on Sept. 29, of $3,485 to $3,685 million and $2,375 to $2,575 million, respectively, an expected Adjusted EBITDA to Adjusted FCFbG conversion of ~69%. Full-year 2020 Ongoing... More