Vistra Corp. (VST) on Thursday reported better profits than expected for the fourth quarter amid rising demand for its nuclear power.

The Texas-based electric company reported $490 million in net income for the quarter, up from a $184 million loss the same time a year ago and above the analyst consensus compiled ♊by Visi✨ble Alpha.

Vistra didn't state its fourth-quarter revenue, but said Thursday it generated $17.22 billion in revenue in 2024, about $4.04 billion above the $13.19 billion in revenue it previously said it had made through the first three quarters of the year. Analysts had expected $17.79 billion and $5.44 billion in full-year and fourth quarter revenue, respectively.

"In these 12 months, we closed on a unique acquisition, adding three nuclear sites, approximately one million additional retail customers in the key PJM market and 2,000 new team members, and now proudly operate the second-largest competitive nuclear fleet in the country," CEO Jim Burke said.

Vistra was one of the 澳洲幸运5官方开奖结果体彩网:biggest winners in the 澳洲幸运5官方开奖结果体彩网:stock market in 2024, as it set a number of 澳洲幸运5官方开奖结果体彩网:record highs on 澳洲幸运5官方开奖结果体彩网:enthusiasm that it and other nuclear power providers could 澳洲幸运5官方开奖结果体彩网:benefit from rising power demand for data centers to ru♏n artificial intelligence products.

Vistra shares swung in bജoth directions following the report, and were recently down more than 4%. Shares have roughly tripled in value over the last 12 months.