trending Market Intelligence /marketintelligence/en/news-insights/trending/6eiq7td5ylkh2vkk3yayuq2 content esgSubNav
In This List

Vistra reports $1.46B in 2017 adjusted EBITDA, Q4 net loss grows YOY

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Vistra reports $1.46B in 2017 adjusted EBITDA, Q4 net loss grows YOY

Vistra Energy Corp. on Feb. 26 booked a fourth-quarter 2017 net loss of $579 million, or a loss of $1.35 per share, according to a Form 10-K filed Feb. 26. That compared with a net loss of $163 million, or a loss of 38 cents per share, in the fourth quarter of 2016.

Operating revenues for the fourth quarter of 2017 dropped to $944 million, from $1.19 billion in the same quarter of 2016. Meanwhile the company booked an operating loss for the quarter ended Dec. 31 of $462 million, compared to an operating loss of $161 million in the fourth quarter of 2016.

Vistra reported total available liquidity as of Dec. 31, 2017, of $2.33 billion, a $244 million increase from fourth quarter 2016, primarily due to proceeds from settling a contract related to the Sandow plant.

For full-year 2017, the company reported adjusted EBITDA of $1.46 billion and adjusted cash free flow of $831 million.

The company posted a full-year net loss of $254 million, or a loss of 59 cents per share, attributing the results primarily to a $451 million write-down of deferred tax asset balance as a result of the recent federal tax reform's reduction in the tax rate, and a $206 million charge related to retiring three coal plants.

Vistra's full-year 2017 operating revenues were $5.43 billion, while operating income was $198 million.

The company said it plans to provide updated 2018 earnings guidance following closure of its merger with Dynegy Inc.