IRVING, Texas, Feb. 28, 2019 /PRNewswire/ — Vistra Energy Corp. (NYSE: VST):
Financial Highlights
- Delivered 2018 Ongoing Operations Adjusted EBITDA1 of $2,809 million and a Net Loss from Ongoing Operations of $7 million—results above consensus and in-line with management guidance midpoint; results more than $180 million above the comparable guidance midpoint when utilizing original guidance curve dates of October 2017.
- Delivered 2018 Ongoing Operations Adjusted FCFbG1 of $1,611 million and Operating Cash Flow of $1,471 million—results above the high-end of the guidance range and reflecting a free cash flow conversion ratio of nearly 60 percent.
- Reaffirmed 2019 full-year Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $3.22 to $3.42 billion and $2.1 to $2.3 billion, respectively2, highlighting the company’s significant earnings power and expected 2019 EBITDA to free cash flow conversion of approximately 66 percent.
- Continued rotation of its shareholder base, with Vanguard and Fidelity replacing Apollo and Oaktree as Vistra’s second and third largest shareholders, respectively, according to each firm’s most recent filing with the Securities and Exchange Commission.