|
|
|
|
|
Vistra Reports "Strong" Retail Margin & Customer Count Results
The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com
In reporting third quarter earnings today, Vistra Corp. said that its Retail segment, "continued delivery of strong margin and count results driving consistent Adj. EBITDA performance."
In a presentation, Vistra did not list a total residential customer count as it has done in prior earnings presentations
Vistra said that it grew its retail residential customer count organically in the quarter and year-over-year
Vistra said that total residential customer count at quarter-end increased 13% YoY driven by organic growth, the launch of the Lubbock, Texas market, and the integration of
Energy Harbor
Vistra said that its Retail segment saw, "strong residential and business
results in both Texas and
Midwest/Northeast markets."
In the Retail segment, Vistra's large business markets sales performance is "well ahead" of expectations, the company said
The Retail segment's Adjusted EBITDA for the third quarter of 2024 was $102 million, down $71 million from the $173 posted in the year-ago quarter, due to lower volumes, driven by unfavorable weather relative to Q3 2023, and higher purchased power costs from forward hedging, partly offset by customer count performance, and the inclusion of
Energy Harbor’s retail results
On a consolidated basis, Vistra increased and narrowed its 2024 Adj. EBITDA guidance
range to $5.0 billion to $5.2 billion, up from $4.55 billion to $5.05 billion
ADVERTISEMENT ADVERTISEMENT Copyright 2024 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication
prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com
November 7, 2024
Email This Story
Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Director of Policy and Research, Retail Energy
• NEW! -- Director, Load Forecasting
-- Retail Supplier
• NEW! -- Wholesale Markets Analyst -- Retail Supplier
• NEW! -- Origination Analyst
-- Retail Supplier
• NEW! -- Settlements Analyst
-- Retail Supplier
• NEW! -- Billing Supervisor
|
|
|
|
|