Q2 2026 Vista Energy SAB de CV Earnings Call Transcript
Key Points
- Vista Energy SAB de CV (VIST) achieved a significant milestone with the acquisition of ET North asset in Vaca Muerta, enhancing its scale and positioning for higher oil prices.
- Total production increased by 32% year-over-year, reaching 156,000 BOEs per day, with oil production up by 33%.
- The company reported total revenues of $1.15 billion, marking an impressive growth of 89% compared to the same quarter last year.
- Adjusted EBITDA saw a substantial increase of 99% year-over-year, reaching $805 million, with a strong EBITDA margin of 70%.
- Net debt ratio improved significantly, standing at 1.41 times adjusted EBITDA, reflecting a strong balance sheet and financial health.
- Lifting costs increased sequentially due to inflation impacts on peso-denominated goods and services, despite an interannual reduction.
- Selling expenses rose by 8% year-over-year, driven by higher oil prices impacting turnover tax.
- Cash flow from financing activities was negative, primarily due to the repayment of borrowings and interest payments.
- The company faces potential challenges in maintaining production growth amid macroeconomic conditions and competition in Argentina.
- There is uncertainty regarding the timeline and approval process for projects under the RIGI framework, which could impact future development plans.
Good day, everyone, and thank you for standing by. Welcome to Vista's second-quarter 2026 earnings webcast. (Operator Instructions)
Please be advised that today's conference is being recorded.
Now, it's my pleasure to hand the conference to Vista's Strategic Planning and Investor Relations Officer, Alejandro Cherñacov. Please proceed.
Thanks. Good morning, everyone. We are happy to welcome you to Vista's second quarter of 2026 results conference call. I am here with Miguel Galuccio, Vista's Chairman and CEO; Pablo Vera Pinto, Vista's CFO; Juan Garoby, Vista's CTO; and MatÃas Weissel, Vista's COO.
Before we begin, I would like to draw your attention to our cautionary statement on slide 2. Please be advised that our remarks today, including the answers to your questions, may include forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially
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