Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 — OR — ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number 001-38086 Vistra Corp. (Exact name of registrant as specified in its charter) Delaware 36-4833255 (State or other jurisd ...

Vistra Corp. (NYSE:VST) Q4 2023 Earnings Conference Call February 28, 2024 10:00 AM ET Company Participants Eric Micek - Vice President of Investor Relations Jim Burke - President & Chief Executive Officer Kris Moldovan - Executive Vice President & Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Bank of America Durgesh Chopra - Evercore ISI Michael Sullivan - Wolfe Research Angie Storozynski - Seaport Operator Goo ...

Fourth Quarter and Full-Year 2023 Results Feb. 28, 2024 ● ● ● ● ● ● ● ● ● ● ● ● ● ● � � ０００００００００００００００００００００００００００ ● ● ● ● ● ● ● ● � � � � ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ０００００００００００００００００００００００００００ ● ● ● ● ● ● ● ● � � Safe Harbor Statements Cautionary Note Regarding Forward-Looking Statements The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based o ...

财务业绩 - 2023年全年净利润为14.92亿美元，经营活动产生的现金流为54.53亿美元[1] - 2023年全年持续经营业务净利润为14.98亿美元，持续经营业务调整后EBITDA为41.40亿美元，超过原指引中值440百万美元[1] - 2023年全年营业收入为147.79亿美元，同比增长7.6%[31] - 2023年全年燃料和购电成本以及输配电费用为75.57亿美元，同比下降27.4%[31] - 2023年全年经营利润为26.61亿美元，而2022年和2021年分别为亏损11.77亿美元和15.15亿美元[31] - 2023年全年经调整EBITDA为41.01亿美元，其中得益于对冲交易的未实现收益4.9亿美元[38] - 2023年全年现金流量表显示经营活动产生的现金流入为54.53亿美元，较2022年大幅增加[33] - 2023年全年资本支出为16.76亿美元，主要用于核电燃料采购和长期服务协议预付款[33] - 2023年全年股票回购支出为12.45亿美元[35] - 2023年全年向普通股股东支付股利3.13亿美元[35] - 2023年全年调整后EBITDA为30.94亿美元[46] - 2023年全年自由现金流为33.08亿美元[46] - 2023年全年调整后自由现金流为24.22亿美元[46] - 2024年调整后EBITDA指引为35.55亿美元至40.55亿美元[48] - 2024年自由现金流指引为14.80亿美元至19.80亿美元[48] - 2024年调整后自由现金流指引为16.50亿美元至21.50亿美元[48] - 2023年第四季度净收入为-12.10亿美元[43] - 2023年第四季度调整后EBITDA为4.90亿美元[43] - 2023年第四季度冬季风暴Uri的调整后EBITDA影响为-3.19亿美元[44] - 2023年第四季度ERCOT违约上调费用的调整为1.83亿美元[44] 收购与投资 - 获得联邦能源监管委员会(FERC)批准收购Energy Harbor公司，预计于2024年3月1日完成交割[2] - 公司将继续投资可再生能源和储能项目，并通过收购Energy Harbor扩大核电业务规模[10][12] 资本结构优化 - 回购了约98%的税收返还协议权益，预计未来几年内现金流将有所增加并简化公司资本结构[3] - 董事会批准了额外15亿美元的股票回购计划，预计将在2025年底前完成[3] - 2023年12月公司完成了对TRA权利的回购,产生2900万美元收益[38] - 2023年公司预计将继续保持较强的现金流和偿债能力[33][35] 未来展望 - 2024年持续经营业务调整后EBITDA指引为37亿-41亿美元，持续经营业务调整后自由现金流为19亿-23亿美元[6] - 预计2025年持续经营业务调整后EBITDA中值机会在38亿-40亿美元之间(不包括Energy Harbor的贡献)[7] - 公司将于2月28日召开财报电话会议[17]

Vistra Corp. (NYSE:VST) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Meagan Horn - Vice President of Investor Relations, Sustainability & Purpose Jim Burke - President & Chief Executive Officer Kris Moldovan - Executive Vice President & Chief Financial Officer Scott Hudson - President, Vistra Retail Conference Call Participants Michael Sullivan - Wolfe Research Julien Dumoulin-Smith - Bank of America David Arcaro - Morgan Stanley Angie Storozynski - Seaport Durgesh Chopr ...

Third Quarter 2023 RESULTS Results Nov. 7, 2023 Safe Harbor Statements Cautionary Note Regarding Forward-Looking Statements The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Vistra Corp. ("Vistra") operates and beliefs of and assumptions made by Vistra's management, involve r ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 — OR — ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number 001-38086 Vistra Corp. (Exact name of registrant as specified in its charter) Delaware 36-4833255 (State or oth ...

● ● ● ● ● ● ● ● ● ● ● ● ● ● � � ０００００００００００００００００００００００００００ ● ● ● ● ００００００００００００００００００ ● ● � � � � ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ０００００００００００００００００００００００００００ ● ● ● ● ● ● ● ● � � Second Quarter 2023 Results Aug. 9, 2023 Safe Harbor Statements Cautionary Note Regarding Forward-Looking Statements The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based o ...

Vistra Corp. (NYSE:VST) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Meagan Horn - VP of IR, Sustainability and Purpose Jim Burke - President and CEO Kris Moldovan - CFO Scott Hudson - President of Retail Steve Muscato - President of Wholesale Operations & Development Conference Call Participants Shar Pourreza - Guggenheim Securities Michael Sullivan - Wolfe Research Julien Dumoulin-Smith - Bank of America Durgesh Chopra - Evercore ISI David Arcaro - Morgan Stanley O ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 — OR — ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number 001-38086 Vistra Corp. (Exact name of registrant as specified in its charter) Delaware 36-4833255 (State or other ju ...