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Vistra Reports Q3 earnings
A Vistra plant in Moss Landing, California (Carlos Avila Gonzalez/Getty Images)

Vistra misses sales and profit estimates, stock drops

The mainstay of the AI energy trade also posted meh guidance for the rest of the year.

Matt Phillips

Vistra, the power provider that’s played a starring role in this year’s AI energy trade, reported weak earnings early Thursday, sending its shares lower.

The Texas-based company, which supplies nuclear- and natural gas-fueled power to wholesale and retail markets, reported:

  • GAAP net income of $652 million vs. the $895.2 million expected by Wall Street analysts.

  • Operating revenues of $4.97 billion vs. the $6.12 billion consensus expectation.

  • Narrowed guidance for free cash flow for the rest of the year to a range between $3.3 billion and $3.5 billion vs. previous guidance of $3 billion to $3.6 billion. Wall Street expectations were for $3.58 billion.

Vistra shares were up 37.4% for the year through the end of trading on Wednesday, compared to a 17% gain for the S&P 500 utilities sector.

The stock was down in early trading, along with other AI energy trades like Constellation Energy and Talen Energy.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

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