Earnings call briefThird-quarter 2026
Vistra says line of sight to approximately 70% per-share cash flow growth, 2027 to 2030
Vistra said it has line of sight to approximately 70% growth in adjusted free cash flow before growth per share from 2027 to 2030, on current forward curves and assumed buybacks.
GetSignal Vistra VST
Executive Vice President and Chief Financial Officer Kristopher Moldovan said on the third-quarter call that Vistra has line of sight to approximately 70% growth in adjusted free cash flow before growth per share from 2027 to 2030, using current forward curves and a simplifying assumption that excess cash goes to share repurchases. Vistra said it believes it would achieve leverage metrics meaningfully below the level needed for BBB flat and Baa2 over 2027 to 2030 under the same assumptions.
Quotes from the call
“We have line of sight to approximately 70% growth in adjusted free cash flow before growth per share from 2027 to 2030, while achieving leverage metrics meaningfully below what we believe would be required for us to be at our target ratings of BBB flat and Baa2.”
Key facts from the call
- Expected 2027 to 2030 adjusted free cash flow before growth per share growth
- approximately 70%, which the company said it has line of sight to using current forward curves and a simplifying assumption on share repurchases, with leverage metrics meaningfully below BBB flat and Baa2 levels
- Expected use of share repurchase authorization
- approximately $2.5 billion of authorization, which the company currently expects to fully utilize by no later than the end of 2028
- Target return threshold for investment decisions
- mid-teens or higher on a levered basis
Source: Vistra's third-quarter 2026 earnings call, November 6, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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