By Nate Wolf
Vistra stock was falling in premarket trading Wednesday after the electricity producer swung to a loss in the first quarter.
The company posted a loss of $268 million versus year-earlier earnings of $18 million. Vistra reported adjusted earnings before interest, taxes, depreciation, and amortization of $1.2 billion in the quarter, which beat the consensus estimate of $1.06 billion.
Revenue in the first quarter was $3.9 billion, up from $3.1 billion a year earlier.
The company held its 2025 outlook for ongoing operations adjusted Ebitda at between $5.5 billion and $6.1 billion.
"With the strong first-quarter results, we are reaffirming our 2025 guidance range and have continued confidence in the long-term earnings power of our company," said CEO Jim Burke.
Vistra stock fell 2.9% before the open of trading Tuesday. Shares of the company, which was a hot nuclear trade in 2024, have jumped 5% this year and 62% over the last 12 months through Tuesday's close.
Vistra's report came after rival Constellation Energy reported first-quarter earnings on Tuesday that missed analysts' expectations. Constellation shares spiked, however, likely due to an upbeat 2025 forecast.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
May 07, 2025 08:47 ET (12:47 GMT)
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