Vistra Energy Corp. on Aug. 2 reported adjusted EBITDA from ongoing operations of $707 million in the second quarter of 2019, improving from $663 million in the same period of 2018.
The company posted second-quarter 2019 adjusted EBITDA of $692 million, missing the S&P Global Market Intelligence consensus estimate for the quarter of $701.1 million.
The Irving, Texas-based integrated energy company reported second-quarter net income from ongoing operations of $369 million, rising from $103 million in the year-ago quarter. Net income attributable to the company also grew year over year to $356 million from $108 million.
Operating revenues totaled $2.83 billion in the most recent quarter, compared with $2.57 billion in the same period of 2018.
Vistra Energy continues to target full-year 2019 adjusted EBITDA from ongoing operations of $3.22 billion to $3.42 billion and adjusted free cash flow before growth from ongoing operations of $2.1 billion to $2.3 billion.