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Nov. 2, 2018, 7:23 a.m. EDT

Vistra profit jumps 21%, increases share buybacks

By Oliver Griffin

Vistra Energy Corp. (NYS:VST) on Friday reported a 21% rise in third-quarter profit, narrowed its full-year guidance for adjusted Ebitda from on-going operations and increased its share buyback program by $1.25 billion.

The Irving, Texas-based energy company earned a quarterly profit of $330 million, or 61 cents a share, compared with $273 million, or 64 cents, for the same period last year.

Sales rose to $3.24 billion from $1.83 billion, Vistra Energy said.

Vistra Energy reported adjusted earnings before interest, taxes, depreciation and amortization from on-going operations of $1.15 billion for the quarter. The company narrowed its adjusted Ebitda guidance for the full year to a range of $2.75 billion-$2.85 billion.

It also narrowed its adjusted Ebitda guidance from on-going operations for 2019 to a range of $3.22 billion-$3.42 billion.

The company previously completed a $500 million share repurchase program.

Link to MarketWatch's Slice.