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VIST

Vista Energy, S.A.B. de C.V.

VIST

Vista Energy, S.A.B. de C.V. • NYSE
$49.16 ▲ 1.30% (+0.63)
Market Cap $5.13 B
52w High $61.67
52w Low $31.63
Dividend Yield 0%
P/E 7.27
Volume 521.31K
Outstanding Shares 104.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $706.135M ▲ $-319.478M ▼ $315.286M ▲ 44.65% ▲ $3.02 ▲ $697.268M ▲
Q2-2025 $610.542M ▲ $-75.271M ▼ $235.289M ▲ 38.538% ▲ $2.26 ▲ $517.979M ▲
Q1-2025 $438.456M ▼ $69.762M ▼ $82.793M ▼ 18.883% ▼ $0.86 ▼ $286.942M ▲
Q4-2024 $471.318M ▲ $226.804M ▲ $93.771M ▼ 19.895% ▼ $0.98 ▼ $265.274M ▼
Q3-2024 $462.383M $45.076M $165.459M 35.784% $1.73 $331.285M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $319.657M ▲ $6.739B ▲ $4.332B ▲ $2.408B ▲
Q2-2025 $156.275M ▼ $6.065B ▲ $3.941B ▲ $2.125B ▲
Q1-2025 $740.759M ▼ $4.483B ▲ $2.841B ▲ $1.642B ▲
Q4-2024 $764.307M ▲ $4.232B ▲ $2.611B ▲ $1.621B ▲
Q3-2024 $256.027M $3.482B $1.961B $1.52B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $315.286M ▲ $303.891M ▲ $-332.729M ▲ $204.973M ▼ $167.7M ▲ $-31.564M ▲
Q2-2025 $235.289M ▲ $-9.402M ▼ $-1.347B ▼ $769.019M ▲ $-586.403M ▼ $-505.928M ▼
Q1-2025 $82.793M ▼ $66.406M ▼ $-309.891M ▲ $211.783M ▼ $-22.207M ▼ $-221.624M ▼
Q4-2024 $93.771M ▼ $369.485M ▲ $-312.377M ▲ $447.656M ▲ $506.548M ▲ $62.999M ▲
Q3-2024 $165.459M $254.883M $-329.283M $-1.877M $-72.5M $-74.015M

Five-Year Company Overview

Income Statement

Income Statement Vista’s income statement shows a young producer moving rapidly from “emerging” to “established.” Revenue has grown several times over in just a few years, and profits have followed. Margins are strong for an oil producer, with solid operating and net income, not just top-line growth. The company has clearly moved past its early loss-making phase into consistent profitability. Earnings per share have improved year after year, suggesting that growth is not purely volume-driven but also supported by better efficiency and cost control. The main risk here is that this profit profile remains heavily tied to oil and gas prices and to continued strong execution in its main basin.

Balance Sheet

Balance Sheet The balance sheet shows a business that has been scaling up aggressively. Total assets have grown meaningfully, reflecting heavy investment in its fields and infrastructure. Cash levels have risen sharply more recently, giving the company more financial flexibility. Debt has also increased, so the company is clearly using leverage to fund its growth. Equity has been building steadily, which indicates that retained earnings are strengthening the capital base. Overall, this looks like a growth-focused balance sheet: stronger than a few years ago, but with higher leverage that would be more sensitive to a downturn in oil prices or operational setbacks.

Cash Flow

Cash Flow Operating cash flow has improved strongly over time, showing that the underlying oil and gas operations are generating solid cash. That is a key positive: Vista is not just reporting accounting profits; it is turning its production into real cash. Free cash flow, however, has been squeezed recently by very heavy capital spending. The company appears to be in an investment-heavy phase, pouring cash back into drilling and development, especially in its core shale play. This supports future growth but limits near-term excess cash. If oil prices fell sharply or if project returns disappointed, this high reinvestment rate could become a pressure point.

Competitive Edge

Competitive Edge Vista’s competitive position centers on being a focused, low-cost producer in Argentina’s Vaca Muerta shale. Unlike global majors that spread themselves across many regions, Vista’s narrow geographic focus allows it to develop deep expertise in a single world-class basin. Its emphasis on advanced drilling, high-efficiency completions, and data-driven operations has helped push costs down to levels that are competitive even against leading North American shale players. Access to high-quality acreage and a management team with international experience add to this strength. The main strategic risk is concentration: success is tightly linked to the Vaca Muerta, Argentina’s regulatory and macro environment, and the long-term attractiveness of oil in a decarbonizing world.

Innovation and R&D

Innovation and R&D Vista’s “R&D” is less about labs and more about industrial and digital innovation in the field. The company stands out for its use of longer horizontal wells, intensive completions, and real-time data analytics to continually refine drilling and production practices. This has translated into better well performance and lower unit costs. It is also an early mover in electrifying operations and integrating renewable power, which reduces both emissions and fuel costs. The carbon-credit initiative via its Aike subsidiary adds a differentiated, sustainability-linked revenue stream. These efforts position Vista as a more technically sophisticated and environmentally progressive producer than many regional peers, though they must keep evolving to maintain that edge as competitors catch up.

Summary

Vista Energy looks like a rapidly scaling shale producer that has transitioned from a small, risky story to a more mature, profitable business, driven by strong execution in a single world-class basin. Income and cash generation from operations have improved markedly, aided by cost efficiency and operational discipline. At the same time, the company is leaning into growth: the balance sheet shows higher investment and higher debt, and free cash flow is being heavily reinvested into new wells and infrastructure. Its focused, low-cost position in the Vaca Muerta and its notable push into technology, electrification, and carbon solutions give it a clear strategic identity. Key things to watch include: sensitivity to oil prices, political and regulatory risk in Argentina, the impact of rising leverage, and whether the heavy investment program continues to translate into high-return barrels and sustained low costs. The tension between strong current operations and concentrated, capital-intensive growth is the core dynamic shaping Vista’s risk–reward profile.

NEWS

September 2, 2025 · 9:26 AM UTC

VISTA TO HOST VIRTUAL INVESTOR DAY ON NOVEMBER 12, 2025

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