Vistra Corp. (NYSE:VST) Q3 2023 Earnings Call Transcript

Scott Hudson: Yeah, I can take that. This is Scott Hudson. The number that was referenced is in the appendix slide in the materials, but it’s volumetric growth in our C&I market business. And we’ve seen a lot of success in that business both in ERCOT and in the Midwest Northeast markets through these times of volatility. I think what you find is that larger sophisticated customers want to work with players of scale, because we can structure a lot of complex products whether those be indexed, fixed, stability and pass through, new charges in the ERCOT markets, we see a shift of customers to the larger players in this particular environment.

Jim Burke: Yeah, Durgesh. I think Scott — we had residential growth, but the 16% was a business is a volumetric growth. And so — but both businesses grew and they grew their business not only in Texas, but outside of Texas. So it was really strong performance for the business to fundamentally grow in a very dynamic power market.

Durgesh Chopra: Thanks. Appreciate the color guys. Thank you.

Jim Burke: Thanks, Durgesh.

Operator: Thank you. This concludes our question-and-answer session. I would now like to hand the call back to Jim Burke for closing remarks.

Jim Burke: Yes. I want to close by thanking the men and women of Vistra for their hard work and for delivering an exceptional quarter for our customers and the communities we serve. We appreciate your interest in Vistra. And as you saw in our presentation, we have a lot to still accomplish and layouts and we look forward to laying that out for you and speaking to you again soon. Hopefully after we have closed here on the Energy Harbor acquisition and we wish you all a great morning. Thank you.

Operator: The conference has now concluded. Thank you for your participation. You may now disconnect your lines.