VISTRA CORP Reports 20.6% Decrease in Total Revenue for Q3 FY2023

🌥️Earnings Overview

VISTRA CORP ($NYSE:VST) reported total revenue of USD 4086.0 million for Q3 of FY2023 ending September 30 2023, a decrease of 20.6% from the same quarter in FY2022. Net income also experienced a year over year decrease of 24.9%, amounting to USD 502.0 million.

Analysis

GoodWhale’s analysis of VISTRA CORP has revealed that the company is classified as a ‘gorilla’, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company is likely to attract investors who are interested in a balance between strong dividend payouts, growth opportunities, and profitability. In terms of its financial health, VISTRA CORP has an intermediate score of 6 out of 10, indicating its ability to pay off debt and fund future operations. While VISTRA CORP is strong in terms of dividend payouts and growth opportunities, it is weak when it comes to its asset base. Nevertheless, the company’s strong competitive advantage has enabled it to achieve stable and high revenue or earning growth, making it an attractive option for investors. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Vistra Corp. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Vistra Corp. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Vistra Corp. More…

Key Ratios Snapshot

Some of the financial key ratios for Vistra Corp are shown below. More…

Peers

Vistra Energy Corp is one of the largest electric power producers and retail electricity providers in the United States. Vistra and its subsidiaries operate fossil fuel-fired power plants, nuclear power plants, renewable energy facilities, and retail electricity businesses in Texas, Illinois, Pennsylvania, Connecticut, and Massachusetts. Vistra is the largest competitive electric power generator in Texas and the largest competitive retail electricity provider in Illinois. NRG Energy Inc is one of the largest electric power producers and retail electricity providers in the United States. AGL Energy Ltd is one of Australia’s leading integrated energy companies. Genesis Energy Ltd is New Zealand’s largest electricity and gas retailer.

– NRG Energy Inc ($NYSE:NRG)

NRG Energy Inc is a large energy company with a market cap of $9.78 billion as of 2022. The company has a strong return on equity, coming in at 34.56%. NRG Energy Inc is involved in the generation, transmission, and distribution of electricity and natural gas. The company has operations in the United States, Canada, and Europe.

– AGL Energy Ltd ($ASX:AGL)

AGL Energy Limited is one of Australia’s leading integrated energy companies and is the largest ASX listed owner, operator and developer of renewable energy generation assets. The company has a market capitalisation of $5.46 billion as of 2022 and a return on equity of 13.74%. AGL Energy Limited is involved in the generation, retail and wholesale of electricity, gas and renewable energy. The company also has a significant presence in the coal seam gas industry in Australia.

– Genesis Energy Ltd ($NZSE:GNE)

As of 2022, Genesis Energy Ltd has a market capitalization of 2.82 billion dollars and a return on equity of 10.4%. The company is involved in the oil and gas industry, and is headquartered in New Zealand.

Summary

VISTRA CORP saw a sharp decrease in its financial performance for the third quarter of FY2023 ending September 30 2023. Total revenue was USD 4086.0 million, a 20.6% decline year over year, and net income was down 24.9% to USD 502.0 million. These results indicate an unfavorable investment climate for the company.

Investors should be wary of the risk and exercise caution when considering VISTRA CORP’s stock. A thorough analysis of the company’s performance and future outlook is recommended before any decisions are made.