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Vista Energy's Q2 revenues surge 102% y/y on higher production and oil prices, but earnings miss estimates as the cost of sales climbs.
Vista Energy, S.A.B. de C.V. (VIST) Q2 2026 Earnings Call Transcript
Vista Energy NYSE: VIST reported a sharp increase in second-quarter 2026 revenue, adjusted EBITDA and free cash flow, as higher oil prices and the consolidation of newly acquired Vaca Muerta assets lifted production and cash generation.
Vista Energy, S.A.B. de C.V. is reaffirmed as a Strong Buy due to robust execution, high oil exposure, and double-digit organic growth. Q2 2026 production surged 16% sequentially and 32% year-over-year, with 87% oil output and significant margin expansion from low costs. EBITDA margin reached 70%, with net income up 199% quarter-over-quarter and free cash flow approaching $500 million in one quarter.
Vista Energy is positioned for significant production growth, targeting over 200k BOE/day by 2028 through organic expansion and strategic M&A. VIST's operating model emphasizes low all-in costs and self-funded expansion, with EBITDA surpassing a run rate exceeding $3bn post-acquisitions. Valuation is based on an 8x PE multiple, yielding a YE27 price target of $86, assuming $70/bbl oil and continued free market export access.
MEXICO CITY, July 15, 2026 /PRNewswire/ -- Vista Energy, S.A.B. de C.V. ("Vista" or the "Company") (NYSE: VIST; BMV: VISTA) today announced the publication of its 2025 Sustainability Report.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.