Vistra Corp.

Good morning, everyone, and welcome to Vistra's first quarter 2025 earnings call. All participants will be in a listen-only mode. If you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, press star and then one using a touch-tone telephone. To withdraw your questions, you may press star and two.

At this time, I'd like to turn the floor over to Eric Meisset, VP of Investor Relations. Please go ahead.

Good morning, and thank you for joining Vistra's Investor Webcast discussing our first quarter 2025 results. Our discussion today is being broadcast live from the Investor Relations section of our website at www.vistracorp.com. There you can also find copies of today's investor presentation and earnings release. Leading the call today are Jim Virk, VISTA's President and Chief Executive Officer, and Chris Moldovan, VISTA's Executive Vice President and Chief Financial Officer. They are joined by other VISTA senior executives to address questions during the second part of today's call as necessary. Our earnings release, presentation, and other matters discussed in the call today include references to certain non-GAAP financial measures. All references to adjusted EBITDA and adjusted free cash flow before growth throughout this presentation refer to ongoing operations, adjusted EBITDA, and ongoing operations, adjusted free cash flow before growth. Reconciliations to the most directly comparable GAAP measures are provided in the earnings release and in the appendix to the investor presentation available in the investor relations section of VISTA's website. Also, today's discussion contains forward-looking statements, which are based on assumptions we believe to be reasonable only as of today's date. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected or implied. We assume no obligation to update our forward-looking statements. I encourage all listeners to review the safe harbor statements included on slide two of the investor presentation on our website that explain the risks, the forward-looking statements, the limitations of certain industry and market data included in the presentation, and the use of non-GAAP financial measures. I will now turn the call over to our president and CEO, Jim Burke.