Short answer
Vistra Corp. (VST) filed its fiscal 2024 10-K annual report with the SEC on Feb 28, 2025. It reported revenue of $14.8B (+6.9% year over year) and net income of $2.7B.
- Top risk flagged: No specific or timely regulatory/legal risk detailed in section
FY2024 key financial metrics · XBRL
- Revenue
- $14.8B
- +6.9% YoY
- Net income
- $2.7B
- +78.1% YoY
- Operating margin
- 27.6%
- +8.4 pp YoY
- EPS (diluted)
- $7.00
- +95.5% YoY
- ROE
- 47.7%
- +19.6 pp YoY
- Operating cash flow
- $4.6B
- −16.3% YoY
Source: XBRL data from the Vistra Corp. (VST) FY2024 10-K on SEC EDGAR. USD.
Vistra Corp. FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Integrated retail electricity and power generation business serving 5 million customers across 18 states plus D.C.
- Updated reportable segments in Q4 2024, eliminating “Sunset” segment, reallocating its assets into Texas and East segments
- Nuclear license renewal application filed in 2023 to extend Perry plant operation from 2026 to 2046
- Total generating capacity 40,657 MW: 59% natural gas, 21% coal, 16% nuclear, 4% renewables (solar/battery)
- Texas retail customers approximately 2.6 million, largest portion of retail operations
Management Discussion & Analysis
- Revenue not explicitly stated; 2024 earnings strong from integrated business model and hedging strategy, combining Energy Harbor merger assets (4,048 MW nuclear added)
- Operating margin or profitability % not specified; recognized $545 million nuclear PTC revenue in 2024 per IRA tax credits
- Best segment: East segment sold 12,062 MW capacity net for 2024-2025 at $41.38/MW-day; West segment capacity down to 1,816 MW for 2025 CAISO RA program
- Cash flow/capital allocation: $305 million dividends paid in 2024; $1.2 billion stock repurchases (16.6 million shares); $500 million + $1 billion senior notes issued in 2024; $1.9 billion stock repurchase capacity remains
- Outlook/risks: plans for adding 2,000 MW gas capacity in Texas contingent on market reforms and loan approval; $400 million asset write-off projected for Moss Landing battery fire in Q1 2025; supply chain/labor cost inflation; nuclear fuel supply secure through 2029 despite Russia-Ukraine impact
Risk Factors
- No specific or timely regulatory/legal risk detailed in section
- No geopolitical or macroeconomic threat with concrete exposure disclosed
- Cybersecurity risk oversight by Board's Sustainability and Risk Committee with quarterly CIO reporting on emerging threats
- Technology platform vulnerability mitigated by CIO with 30+ years experience from major companies like General Motors
- No financial or structural risk such as leverage, concentration, or key-person dependency explicitly stated
Generated from the filing text; verify against the original. How to read a 10-K
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