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Vistra on Thursday posted better-than-expected fourth quarter profits while revenue fell short.
The company recorded a profit compared to a net loss in the fourth quarter a year ago.
Shares have more than tripled in value over the last 12 months on optimism that Vistra and other nuclear energy providers will benefit from rising power demand.
Vistra Corp. (VST) on Thursday reported better profits than expected for the fourth quarter amid rising demand for its nuclear power.
The Texas-based electric company reported $490 million in net income for the quarter, up from a $184 million loss the same time a year ago and above the analyst consensus compiled by Visible Alpha.
Vistra didn’t state its fourth-quarter revenue, but said Thursday it generated $17.22 billion in revenue in 2024, about $4.04 billion above the $13.19 billion in revenue it previously said it had made through the first three quarters of the year. Analysts had expected $17.79 billion and $5.44 billion in full-year and fourth quarter revenue, respectively.
«In these 12 months, we closed on a unique acquisition, adding three nuclear sites, approximately one million additional retail customers in the key PJM market and 2,000 new team members, and now proudly operate the second-largest competitive nuclear fleet in the country,» CEO Jim Burke said.
Vistra was one of the biggest winners in the stock market in 2024, as it set a number of record highs on enthusiasm that it and other nuclear power providers could benefit from rising power demand for data centers to run artificial intelligence products.
Vistra shares swung in both directions following the report, and were recently down more than 4%. Shares have roughly tripled in value over the last 12 months.
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