By Allison Prang
Vistra Energy Corp. (NYS:VST) 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.
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