Sector: Utilities|Industry: Utilities - Independent Power Producers|Market Cap: $45.21B|Employees: 4.9K
Vistra Corp. is an integrated retail electricity and power generation company. They serve approximately 4 million residential, commercial, and industrial retail customers with electricity and natural gas in 20 states and the District of Columbia. Vistra's generation fleet totals approximately 37,000 megawatts of capacity powered by a diverse portfolio including natural gas, nuclear, coal, solar, and battery energy storage. They are one of the largest competitive residential retail electricity providers in the U.S.
Operating revenues increased to $3,845 million in Q2 2024, up from $3,189 million in Q2 2023, primarily due to increased retail energy charges and wholesale generation revenue.
Net income decreased to $467 million in Q2 2024, down from $476 million in Q2 2023, despite increased revenues, due to higher operating costs and interest expense.
Operating costs increased to $628 million in Q2 2024, up from $445 million in Q2 2023, indicating potential challenges in cost management despite revenue growth.