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May 3, 2019, 7:12 a.m. EDT

Vistra Energy swings to profit that beats views

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By Allison Prang

Vistra Energy Corp. /zigman2/quotes/202168943/composite VST -0.52% reported a profit in the first quarter as its operating revenue increased by more than three times what it was for the comparable quarter a year earlier.

The company reported $225 million in net income, compared with a net loss of $306 million for the comparable quarter a year prior. Earnings were 44 cents a share, compared with a loss of 71 cents a share. Analysts polled by Refinitiv were expecting 26 cents a share.

Vistra said operating revenue was $2.92 billion, up by more than three times the $765 million the company had for the comparable quarter a year ago. Analysts were expecting $2.86 billion.

The company said in April 2018 it closed the deal to combine with Dynegy Inc.

Vistra said it still expects between $3.22 billion and $3.42 billion in ongoing operations adjusted Ebitda and that it still expects ongoing operations adjusted free cash flow before growth to be between $2.1 billion and $2.3 billion.

Write to Allison Prang at allison.prang@wsj.com

/zigman2/quotes/202168943/composite
US : U.S.: NYSE
$ 19.04
-0.10 -0.52%
Volume: 3.24M
July 2, 2020 4:00p
P/E Ratio
12.49
Dividend Yield
2.84%
Market Cap
$9.30 billion
Rev. per Employee
$1.91M
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