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TXU Parent Sees Negligible Decline In Residential Customer Count, Reports "Robust" Margins

August 3, 2017

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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

In releasing earnings today, Vistra Energy (parent of TXU and other retail brands) reported that it saw a negligible decrease in its residential customer count during the second quarter.

In a slide presentation, Vistra Energy reports its residential customer count as 1.476 million as of Q2 2017, versus 1.478 million as of Q1 2017.

For comparison, residential customer count was essentially flat at 1.478 million from December 31, 2016 to March 31, 2017

"Business counts (in meters) for Vistra Energy were ~198k at 3/31/17 and ~202k at 6/30/17," the company said in its presentation

Curt Morgan, Vistra Energy's chief executive officer, stated in a news release, "Our solid performance for the quarter is a direct result of our persistent cost management and the consistently robust margins realized in both our wholesale and retail segments."

Vistra Q2 2017 adjusted EBITDA was $345 million. TXU Energy contributed $219 million in adjusted EBITDA for the quarter.

"TXU Energy once again realized strong margin and cost management in the quarter, partially offsetting the negative impact of mild Q2 weather," the company said in a presentation

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