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Vistra Reports Q3 earnings
A Vistra plant in Moss Landing, California (Carlos Avila Gonzalez/Getty Images)

Vistra misses sales and profit estimates, stock drops

The mainstay of the AI energy trade also posted meh guidance for the rest of the year.

Matt Phillips

Vistra, the power provider that’s played a starring role in this year’s AI energy trade, reported weak earnings early Thursday, sending its shares lower.

The Texas-based company, which supplies nuclear- and natural gas-fueled power to wholesale and retail markets, reported:

  • GAAP net income of $652 million vs. the $895.2 million expected by Wall Street analysts.

  • Operating revenues of $4.97 billion vs. the $6.12 billion consensus expectation.

  • Narrowed guidance for free cash flow for the rest of the year to a range between $3.3 billion and $3.5 billion vs. previous guidance of $3 billion to $3.6 billion. Wall Street expectations were for $3.58 billion.

Vistra shares were up 37.4% for the year through the end of trading on Wednesday, compared to a 17% gain for the S&P 500 utilities sector.

The stock was down in early trading, along with other AI energy trades like Constellation Energy and Talen Energy.

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