TXU: Revenue; Renewable vs. Non-Renewable
Following an exhaustive and thorough search through various sources, it has been determined that reliable information on the annual revenue and business split of TXU Energy is unavailable in the public domain. Owler estimates that TXU Energy generates an annual revenue amounting to $24.1 million, while ZoomInfo estimates it at $16 million.
- TXU Energy acts as an indirect subsidiary that is wholly-owned by Vistra Energy. According to Vistra Energy's most recent annual reports, the TXU Energy brand serves as the sole "material intellectual property asset" that the company owns.
- Vistra Energy generated approximately $9.144 billion in 2018. The company's operating revenue increased to about $11.809 billion in 2019.
- In the year 2018, the TXU Energy Retail Company LLC and its brands provided Vistra Energy with intangible assets that amounted to around $1.2 billion, according to Vistra Energy's 2018 annual report.
- The TXU Energy brand operates as a part of Vistra Energy's retail segment, along with its other subsidiaries. In the year 2018, Vistra Energy's retail segment reported a yearly revenue of approximately $5.597 billion. The company's retail segment generated $6.872 billion in 2019.
- According to Vistra Energy's company profile on Dun & Bradstreet (DNB), TXU Energy services around 1.7 million customers within Texas and serves as the state's largest retailer of electricity.
- Owler reports TXU Energy's annual revenue as $24.1 million. However, ZoomInfo lists TXU Energy's annual revenue as $16 million.
- Renewable energy sources are expected to only account for 0.2% of Vistra Energy's total revenue in 2020.
- Coal is anticipated to account for less than one-third (21%) of Vistra Energy's total revenue for 2020, significantly down from 40% in 2017.
- Nuclear energy is projected to account for just 5% of Vistra Energy's total revenue for the year, down from 11% in 2017.
- Meanwhile, gas is expected to account for 39% of the company's total revenue in 2020, a sharp rise from the year 2017 when it was around 14%.
After an exhaustive search through credible sources, we were unable to accurately determine the annual revenue or the business split (renewable vs. non-renewable energy sources) of TXU Energy. The company operates as a privately-held subsidiary and is not obligated to disclose its financial information to the public. Therefore, we have presented information on its parent company, Vistra Energy, along with estimates provided by third-party sources.
Our research began by searching for TXU Energy's most recent company, annual, and investor reports, which typically contain reliable financial data provided directly from the company in question. For these reports, we scoured through TXU Energy's official website, including its 'About Us' and 'Press Releases' sections, and we also utilized its search feature to explore for recent reports published by the company. However, we could not locate any company, annual, or investor report from TXU Energy on its website. Additionally, we searched through the website's 'Renewable Energy' webpage, hoping that it would offer insights on how much of its revenue/earnings come from those sources, but it only listed TXU's clean energy options.
Next, we searched for reports, press releases, and articles on TXU Energy published by reputable news and media sources, believing they would provide a glimpse into the company's financials and business split. These sources included Forbes, PR Newswire, Business Wire, CNBC, The Houston Chronicle, GlobeNewsWire, and The Motley Fool, among many others. Nonetheless, this strategy did not yield the results we were seeking, as none of the sources offered information on the financials or business split of TXU Energy specifically. Most of them briefly mentioned TXU Energy in relation to its parent company, Vistra Energy, or discussed its actions during the ongoing COVID-19 pandemic.
Afterward, we searched for the company, annual, and investor reports of Vistra Energy, as we believed they would present a revenue breakdown for TXU Energy and the sources of the subsidiary's earnings. Although we found the recent annual reports (2018, 2019) of Vistra Energy, along with its 2019 SEC Form 10-K filing, none of the documents provided the annual revenue for TXU Energy specifically, nor did they present how its business splits. Instead, the documents grouped the revenues of its various segments together (retail segment for TXU Energy). Nevertheless, we decided to include the information in our brief.
We also consulted third-party databases that offer profiles for different companies and tend to present revenue estimates for them. These sources included ZoomInfo, Owler, DNB, Crunchbase etc. Though we came across estimates for TXU Energy's annual revenue, we could not verify if the figures were accurate as they are not provided by the company directly.
Finally, we attempted to perform a triangulation by searching for alternate data points for Vistra Energy (e.g., percentage of revenue originating from TXU Energy, renewable and non-renewable sources, etc.). We explored the Vistra Energy website, including its 'Investor Relations' and 'News' sections to find these data points. During our search, we came across a presentation that revealed that a relatively small portion of the company's revenue comes from renewable energy sources and listed the other sources of its revenue, but it did not provide a percentage breakdown of how much each of its subsidiaries contributes to its revenue.