Vistra Corp Surges with Strong Earnings and Market Momentum

The Texas-based utility firm exceeds expectations and announces a significant share buyback amid rising electricity demand.

Vistra Corp reported third-quarter revenues of $6.3 billion, surpassing the $5 billion consensus estimate.
Earnings per share for the quarter were $1.28, beating analysts' expectations, despite a year-over-year decline.
The company raised its 2024 EBITDA guidance and initiated a positive outlook for 2025, excluding potential benefits from nuclear tax credits.
Vistra's board authorized an additional $1 billion in share repurchases, bringing the total to $2.2 billion by the end of 2026.
The stock has gained over 200% year-to-date, driven by increased demand for electricity and strategic partnerships with major tech companies.