Vistra Reports First Quarter 2020 Results Above Expectations and Reaffirms 2020 Guidance
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Vistra Energy (VST) Reports Q1 Revenues Above Consensus; Reaffirms Guidance
May 5, 2020 6:35 AM EDTVistra Energy (NYSE: VST) reported Q1 revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.81 billion.
Financial Highlights
Delivered first quarter 2020 Ongoing Operations Adjusted EBITDA1 of $850 million and Net Income from Ongoing Operations1 of $62 millionresults above consensus and management expectations for the quarter. Ongoing Operations Adjusted EBITDA1 results were $26 million2 better than first quarter 2019 primarily driven by the acquisitions of Ambit Energy and Crius Energy.Reaffirmed 2020 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $3,285 to $3,585 million1 and $2,160 to $2,460 million,1,3 respectively.ÂVistra... More