Send me real-time posts from this site at my email
Zacks

Vistra Energy's (VST) Q4 Earnings & Revenues Lag Estimates

Vistra Energy Corp. VST reported adjusted earnings of $1.45 per share for fourth-quarter 2021, missing the Zacks Consensus Estimate of $3.14 by 53.8%. In the year-ago quarter, VST incurred an adjusted loss per share of 2 cents.

Revenues

For fourth-quarter 2021, operating revenues of $3,314 million were up 31.3% from $2,524 million in the prior-year period. The top line missed the Zacks Consensus Estimate of $4,664 million by 28.9%.

Total revenues for 2021 were $12.1 billion, increasing 5.5% year over year but lagging the Zacks Consensus Estimate of $14.3 billion by 15.4%.

Vistra Corp. Price, Consensus and EPS Surprise

Vistra Corp. price-consensus-eps-surprise-chart | Vistra Corp. Quote

Highlights of the Release

Operating costs for 2021 were $1,559 million, down 3.9% from the 2020 figure of $1,622 million.

For fourth-quarter 2021, the company’s residential customer count slipped 0.7% from the prior-year level. Retail electric volumes for the fourth quarter improved 2.4% year over year.

VST paid a $290-MILLION dividend to shareholders. It has repurchased 7% of its outstanding shares since third-quarter 2021.

Financial Position

As of Dec 31, 2021, Vistra Energy had cash and cash equivalents of $1,325 million compared with $406 million in the corresponding period of 2020.

As of Dec 31, 2021, the company had long-term debt of $10,477 million, up from $9,235 million in the comparable period of 2020.

Cash used in operating activities in 2021 was $206 million compared with cash provided by operating activities of $3,337 million in 2020.

Capital expenditures including nuclear fuel purchases and long-term service agreement prepayments for 2021 were $1,033 million compared with $1,259 million in 2020.

Vistra reduced debt by $625 million in the fourth quarter and aims to lower debt by $1.5 billion by 2022-end.

Vistra also announced plans to return a minimum of $7.5 billion to shareholders through 2026-end via share repurchases and dividends.

Guidance

Vistra Energy reaffirmed its 2022 adjusted EBITDA view in the range of $2,810-$3,310 million and adjusted free cash flow guidance within $2,070-$2,570 million.

Zacks Rank

Vistra Energy has a Zacks Rank #3 (Hold) at present.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Peer Releases

NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. NextEra Energy’s long-term (three to five) earnings growth is projected at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings indicates year-over-year growth of 8.6%.

Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. Dominion’s long-term earnings growth is projected at 6.6%. The Zacks Consensus Estimate for D’s 2022 earnings indicates a year-over-year decline of 6.4%.

AVANGRID, Inc. AGR reported fourth-quarter 2021 earnings of 44 cents per share, beating the Zacks Consensus Estimate of 39 cents by 12.8%. AVANGRID’s long-term earnings growth is projected at 7.7%. The Zacks Consensus Estimate for AGR’s 2023 earnings indicates year-over-year growth of 13.9%.


Just Released: Zacks Top 10 Stocks for 2022

In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?

Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys

Access Zacks Top 10 Stocks for 2022 today >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
 
Dominion Energy Inc. (D): Free Stock Analysis Report
 
Avangrid, Inc. (AGR): Free Stock Analysis Report
 
Vistra Corp. (VST): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue