Vista Energy Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong production and revenue growth, with updated guidance reflecting higher output, EBITDA, and free cash flow under various Brent price scenarios. The Equinor acquisition and new trading operations are set to further boost results and financial flexibility.
Fiscal Year 2025
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Record production and EBITDA growth in 2025 were driven by organic expansion and strategic M&A, with robust cost reductions and a strong outlook for 2026. Guidance includes higher production, disciplined CapEx, and continued shareholder returns.
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Production and EBITDA are set to grow by nearly 60% and 75% respectively by 2028, driven by operational excellence, cost reductions, and an export-focused model. Strong free cash flow, disciplined capital allocation, and robust ESG initiatives underpin a resilient, self-funded growth plan.
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Q3 2025 saw record production and revenue growth, driven by strong well productivity and the integration of new assets. Financial flexibility enabled accelerated drilling, with guidance raised for both production and CapEx. Net leverage remained low and cost efficiencies improved.
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Q2 2025 saw transformational growth from the La Amarga Chica acquisition, driving record production, revenue, and adjusted EBITDA, while cost efficiencies and capital discipline position the company for strong cash flow and further growth in 2025.
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Q1 2025 saw 47% YoY production growth and a 38% revenue increase, driven by strong oil output and the transformational acquisition of Petronas Argentina. The company expects Q2 production to exceed 110,000 BOE/day and will update guidance in the next quarter.
Fiscal Year 2024
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Double-digit production and EBITDA growth in 2024, with strong reserve replacement and cost control. 2025 guidance targets 35–40% production growth, supported by expanded infrastructure and disciplined capital allocation.
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Record Q3 production and revenue growth were driven by new wells and strong execution, with 2024 and 2025 guidance reaffirmed and updated for further double-digit growth. CapEx ramped up, and export sales surged, while cost discipline and capital flexibility remain priorities.
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Record Q2 production and revenue growth were driven by new wells and higher oil prices, with adjusted EBITDA up 90% year-over-year. Guidance for 2024 production remains strong, and expanded infrastructure and a new frac set position the company for accelerated growth in 2025.