Vistra beats Q2 adjusted EBITDA estimates, reaffirms 2026 guidance
Vistra beats Q2 adjusted EBITDA estimates, reaffirms 2026 guidance
Overview
U.S. power generator's Q2 revenue declined and missed analyst expectations
Adjusted EBITDA for Q2 rose over 30% and beat analyst expectations
Net income for Q2 fell, impacted by higher unrealized hedge losses
Outlook
Vistra reaffirms 2026 Ongoing Operations Adjusted EBITDA guidance of $6.8 bln to $7.6 bln
Company maintains 2026 Ongoing Operations Adjusted FCFbG guidance of $3.925 bln to $4.725 bln
Vistra says comprehensive hedging program supports reaffirmed 2026 guidance ranges
Result Drivers
HIGHER REALIZED PRICES - Co said increased ongoing operations adjusted EBITDA was driven by higher realized energy and capacity prices
UNREALIZED HEDGE LOSSES - Co said net income fell due to increased unrealized mark-to-market losses on derivative positions
PLANT ACQUISITIONS - Co said contributions from plants acquired from Lotus supported adjusted EBITDA growth
Company press release: ID:nPn7LtdG0a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Operating Revenue | Miss | $4.02 bln | $5.57 bln (6 Analysts) |
Q2 Net Income |
| $305 mln |
|
Q2 Ongoing Operations Adjusted EBITDA | Beat | $1.77 bln | $1.64 bln (13 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for Vistra Corp. is $220.00, about 55.6% above its August 6 closing price of $141.38
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
Aug 4 - NRG Energy misses quarterly profit estimates as interest costs rise
Aug 6 - Constellation Energy beats Q2 adjusted EPS estimates, raises FY adj operating earnings guidance
Aug 5 - Talen Energy reports Q2 net loss, misses analysts' EPS estimates
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)