Q1 2026 Vista Energy SAB de CV Earnings Call Transcript
Key Points
- Vista Energy SAB de CV (VIST) reported a significant increase in total production, reaching 135,000 BOEs per day, up 67% year-over-year.
- Oil production increased by 68% year-over-year, reaching 117,000 barrels per day.
- Total revenues for the quarter were $694 million, a 58% increase compared to the same quarter last year.
- Adjusted EBITDA rose by 64% year-over-year to $451 million, driven by organic production growth and the consolidation of La Amarga Chica.
- The company updated its annual guidance, increasing full-year production expectations and projecting a material improvement in adjusted EBITDA and free cash flow.
- Free cash flow was negative at minus $341 million, impacted by $331 million of nonrecurring items.
- Realized oil price in Q1 was $60.1 per barrel, down 12% on an interannual basis.
- The company faced a working capital impact of $206 million due to changes in trading operations.
- Cash flow from operating activities was only $86 million, affected by one-off negative items.
- The net leverage ratio stood at 1.7 times adjusted EBITDA, indicating a need for deleveraging.
Good day and thank you for standing by. Welcome to the Vista's first quarter 2026 earnings webcast conference call. (Operator Instructions) Please be advised that today's call is being recorded.
I would now like to hand it over to our first speaker, Alejandro Chernacov, Vista's Strategic Planning and Investor Relations Officer. Please go ahead.
Thanks. Good morning, everyone. We are happy to welcome you to Vista's first quarter 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 Matias 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 different
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