Management remarks
Call period: 2026 Q2 · 2026-08-07
Guidance: Kris Moldovan: Turning to slide nine, we are reaffirming our 2026 Adjusted EBITDA guidance range of $6.8 billion-$7.6 billion and our adjusted free cash flow before growth guidance range of $3.925 billion-$4.725 billion.Demand and orders: Jim Burke: Data center development activity remains strong, we continue to be in active negotiations with large load customers as they seek to meet their power needs both in the short and long-term planning horizons.Analyst Q&A
Analyst Michael Sullivan asked: Hey, Jim. I want to ask a little more on the Helix platform and just how you see that playing out. You had a big announcement, you're putting some money into it this year. How does that materialize through time? Management Jim Burke answered: It's not a requirement. We're excited about it because the more deals you can evaluate, the better chance you're going to find something that's meeting the spectrum of customer need as they evaluate their business over time. In addition, there's some criteria that if there's certain milestones met and the deals are actually coming and they're valuable to Vistra, then we'd put in an additional $500 million, and we'd be excited to do so because we wanted the interest to be aligned.管理层陈述
电话会期间：2026 Q2 · 2026-08-07
指引：克里斯·莫尔多万（Kris Moldovan）谈到第9页幻灯片时表示，我们重申2026年调整后息税折旧摊销前利润指引区间为68亿至76亿美元，以及调整后增长前自由现金流指引区间为39.25亿至47.25亿美元。需求与订单：吉姆·伯克（Jim Burke）表示，数据中心开发活动依然强劲，我们仍在与大型用电客户进行积极谈判，以满足他们短期和长期规划范围内的电力需求。分析师问答
分析师迈克尔·沙利文：吉姆，我想多了解一下Helix平台的发展前景，你们今年已宣布投入资金，该业务将如何逐步落地？ 管理层吉姆·伯克：这并非强制要求。我们对此感到兴奋，因为可评估的交易越多，就越有机会找到契合客户评估自身业务时各类需求的交易。此外，若达成特定里程碑且交易对维斯塔具有价值，我们将追加5亿美元投资，我们很乐意这么做，因为希望利益保持一致。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
