Strong Start to 2025
Vistra achieved adjusted EBITDA of $1,240 million for Q1 2025, which is approximately 53% higher year-over-year compared to Q1 2024.
Reaffirmation of 2025 Guidance
Vistra reaffirmed its 2025 adjusted EBITDA guidance range of $5.5 billion to $6.1 billion and adjusted free cash flow before growth range of $3 billion to $3.6 billion.
Hedging Strategy Success
Vistra has successfully hedged approximately 95% of its expected generation over the 2025 to 2026 timeframe, providing a stable and resilient earning stream.
Significant Capital Return to Shareholders
Since the fourth quarter of 2021, Vistra has returned approximately $6.3 billion to investors through share repurchases and common stock dividends.
Growth in Zero Carbon Business
Vistra grew its zero carbon business through the acquisition of Energy Harbor and is on track to add over 600 megawatts of renewable capacity by the end of 2025.
PJM and ERCOT Load Growth
Vistra sees electricity load growth as a structural tailwind, with expected annual compound growth in the low to mid single digits through 2030.