Vistra Narrows FY23 Adj. EBITDA Outlook $3.6B - $4B From $3.4B - $4B
Portfolio Pulse from Benzinga Newsdesk
Vistra has revised its 2023 guidance for Ongoing Operations Adjusted EBITDA to $3.6 billion to $4 billion, up from the previous range of $3.4 billion to $4 billion. The midpoint of the new guidance is now $3.8 billion, higher than the top of the potential range first announced in May 2022. The company also adjusted its Ongoing Operations Adjusted FCFbG guidance to $1.9 billion to $2.35 billion, with a midpoint of $2.125 billion.
August 09, 2023 | 11:12 am
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POSITIVE IMPACT
Vistra's upward revision of its 2023 guidance for Ongoing Operations Adjusted EBITDA and FCFbG indicates a positive outlook for the company's future performance.
Vistra's upward revision of its 2023 guidance indicates that the company expects stronger performance in the future. This could be due to a variety of factors, such as increased demand for its services, improved operational efficiency, or successful cost management strategies. This news is likely to be viewed positively by investors, as it suggests that Vistra is on track to achieve its financial goals.
CONFIDENCE 90
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RELEVANCE 100