Vista Energy, S.A.B. de C.V.
- Open
- 62.98
- Day high
- 64.40
- Day low
- 61.50
- Prev close
- 64.02
- Volume
- 900K
- Mkt cap
- $6.7B
- P/E (TTM)
- 8.1
- EPS (TTM)
- $7.93
- P/B
- 2.0
- P/S
- 1.9
- Yield
- —
- Per share
- —
Vista Energy, S.A.B. de C.V. (VIST) is a Energy company listed on NYSE. The stock is up 45% over the past year.
Vista Energy, S.A.B. de C.V. (VIST) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
VIST earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 17, 2026 | $3.15 | $2.90 | -7.9% | $1.2B | +4.2% |
| Apr 30, 2026 | $1.42 | $0.89 | -37.3% | $671M | -5.4% |
| Oct 22, 2025 | $1.24 | $1.48 | +19.4% | $706M | +3.9% |
| Jul 10, 2025 | $2.15 | $0.55 | -74.4% | $611M | -3.9% |
| Apr 23, 2025 | $0.82 | $0.79 | -3.7% | $438M | -21.8% |
| Feb 26, 2025 | $0.90 | $0.23 | -74.4% | $471M | +1.5% |
| Oct 23, 2024 | $1.36 | $0.55 | -59.6% | $462M | -7.1% |
| Jul 11, 2024 | $1.40 | $0.74 | -47.1% | $397M | -21.3% |
| Feb 20, 2024 | $1.54 | $2.52 | +63.6% | $309M | -3.0% |
| Jul 13, 2023 | $0.87 | $0.52 | -40.2% | $231M | — |
| Feb 23, 2023 | $0.93 | $0.76 | -18.3% | $308M | +1.1% |
| Oct 26, 2022 | $0.72 | $0.75 | +4.2% | $334M | +4.3% |
VIST insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 13, 2026 | Doehner Cobian Mauriciodirector | Tax | 2,100 | $65.08 |
| Apr 13, 2026 | Martellozo Gerarddirector | Tax | 1,500 | $65.08 |
| Apr 13, 2026 | Martellozo Gerarddirector | Option | 6,000 | — |
| Apr 13, 2026 | Sivignon Pierre Jeandirector | Tax | 1,500 | $65.08 |
| Apr 13, 2026 | Sivignon Pierre Jeandirector | Option | 6,000 | — |
| Apr 13, 2026 | Losada German Nicanordirector | Tax | 2,100 | $65.08 |
| Apr 13, 2026 | Losada German Nicanordirector | Option | 6,000 | — |
| Apr 13, 2026 | SEGAL SUSANdirector | Option | 6,000 | — |
| Apr 13, 2026 | Doehner Cobian Mauriciodirector | Option | 6,000 | — |
| Jan 25, 2012 | DAVIS ROBERT Dofficer: President & CEO | Tax | 1,333 | $9.16 |
| Jan 25, 2012 | DECESARE LOUIS J JRofficer: Chief Lending Officer | Grant | 2,000 | $7.05 |
| Jan 25, 2012 | DECESARE LOUIS J JRofficer: Chief Lending Officer | Tax | 400 | $7.05 |
| Dec 22, 2011 | DAVIS ROBERT Dofficer: President & CEO | Grant | 6,666 | $6.45 |
| Dec 22, 2011 | DECESARE LOUIS J JRofficer: Chief Lending Officer | Grant | 800 | $6.45 |
| Dec 22, 2011 | DECESARE LOUIS J JRofficer: Chief Lending Officer | Grant | 2,000 | $6.45 |
Source: VIST SEC Form 4 filings, latest Apr 13, 2026. For informational purposes only — not investment advice.
See the full VIST insider & 13F page →Vista Energy, S.A.B. de C.V. company profile
Overview
Vista Energy, S.A.B. de C.V. (NYSE:VIST) is a Latin American oil and gas exploration and production company incorporated in 2017 and based in Mexico City, Mexico. The company went public in July 2019 and changed its name from Vista Oil & Gas to Vista Energy in April 2022. Vista Energy focuses primarily on developing unconventional shale oil resources in Argentina's prolific Vaca Muerta formation, one of the world's largest shale oil and gas reserves. The company has grown rapidly through aggressive drilling programs and strategic acquisitions, transforming from a startup into a significant regional energy producer with operations spanning Argentina and Mexico.
Business
Vista Energy operates in the upstream oil and gas sector, specializing in the exploration, development, and production of crude oil and natural gas from both conventional and unconventional reservoirs. The company's core business revolves around hydraulic fracturing (fracking) operations in shale formations, a technology that involves injecting high-pressure water, sand, and chemicals into rock formations to release trapped hydrocarbons. The company's primary asset is its extensive acreage position in Argentina's Vaca Muerta shale formation, located in the Neuquén Basin. This geological formation is considered one of the world's most promising unconventional oil and gas plays, comparable to major U.S. shale basins like the Permian. Vista controls approximately 183,100 acres in this region across multiple blocks including Bajada del Palo Oeste, Entre Lomas, and Águila Mora. Vista Energy's operations can be divided into two main segments: 1. Unconventional shale production (approximately 80-85% of total production) - primarily from Vaca Muerta formation targeting oil-rich zones through horizontal drilling and multi-stage hydraulic fracturing. 2. Conventional production (approximately 15-20% of total production) - from traditional vertical wells in mature fields, though the company has been divesting these assets to focus on higher-growth shale operations. The company also maintains smaller producing assets in Mexico, though these represent a minimal portion of overall production. Vista's strategy centers on developing long-lateral horizontal wells (typically 3,200 meters) with multiple completion stages to maximize hydrocarbon recovery from each wellbore.
Revenue model
Vista Energy generates revenue primarily through the sale of crude oil and natural gas production at prevailing market prices. The company operates under a commodity-based business model where revenues fluctuate directly with hydrocarbon prices and production volumes. Oil sales represent approximately 85-90% of total revenues, with natural gas comprising the remainder. The company's customers include oil refineries, trading companies, and gas distributors in both domestic Argentine markets and international export markets. Vista has increasingly focused on maximizing export parity pricing by securing pipeline and trucking capacity to move oil to export terminals, particularly to Chile, where it can capture higher international prices rather than discounted domestic Argentine pricing. Vista's profitability is significantly influenced by several key factors. Commodity price volatility represents the primary external risk, as the company's revenues move directly with Brent crude oil and Henry Hub natural gas prices. Currency fluctuations between the U.S. dollar and Argentine peso create both opportunities and risks, as the company receives revenues in dollars but incurs many local costs in pesos. When the peso weakens, Vista's cost structure becomes more competitive. Transportation and midstream capacity constraints can limit the company's ability to access premium export markets, forcing reliance on lower-priced domestic sales or expensive trucking alternatives. The company has invested heavily in securing pipeline capacity and transportation agreements to mitigate this risk. Operational efficiency improvements through longer lateral wells, optimized completion designs, and reduced drilling cycle times can significantly improve per-well economics and overall lifting costs, which currently average around $4.7 per barrel of oil equivalent. Government policy changes, particularly regarding export restrictions, price controls, or taxation in Argentina, represent ongoing regulatory risks that could impact margins. Conversely, deregulation and removal of export barriers could enhance profitability by improving access to international pricing.
Competitive moat
Vista Energy operates in a commodity business with limited traditional moats, but the company has developed several competitive advantages that provide some protection against competition. The company's strongest moat comes from its extensive acreage position in premium areas of the Vaca Muerta formation, which cannot be easily replicated by competitors. This land position was assembled early in the shale development cycle, providing Vista with decades of drilling inventory in proven, high-quality rock. The company has built operational expertise and scale advantages in unconventional drilling and completion techniques specific to Vaca Muerta geology. This includes proprietary knowledge of optimal well spacing, completion designs, and operational practices that have been refined through hundreds of wells. Vista's local relationships with service providers and its integrated approach to operations, including owning sand mines and treatment facilities, provide cost advantages over smaller competitors. Midstream infrastructure and transportation capacity represents another defensive moat, as Vista has secured long-term pipeline capacity and export routes that are difficult for competitors to access. The company's relationships with key infrastructure providers like Oldelval pipeline give it preferential access to export markets. However, Vista's moat is relatively weak compared to companies in other industries. The oil and gas sector is inherently competitive, with new entrants able to acquire acreage and drilling capacity if they have sufficient capital. Technological advances in drilling and completion techniques can quickly spread throughout the industry, eroding operational advantages. Major international oil companies with superior capital resources and technical capabilities represent the primary competitive threat, particularly as companies like ExxonMobil and Chevron increase their presence in Argentina. The company's moat is also vulnerable to government policy changes that could alter the competitive landscape or limit the value of existing acreage positions through export restrictions or windfall taxation.
Risks & safety
Vista Energy presents a moderate margin of safety profile with strong operational cash generation but elevated capital intensity and leverage considerations. • Liquidity position: Strong with $584 million in cash and short-term investments as of Q1 2025, providing substantial operational flexibility • Debt levels: Net leverage ratio of approximately 1.0-1.5x EBITDA, considered manageable for the energy sector but elevated following the Petronas acquisition • Current ratio: 0.91x indicates tight working capital position, though typical for capital-intensive energy operations • Free cash flow: Negative $222 million in Q1 2025 due to heavy capital expenditure program, though operational cash flow remains positive • Valuation metrics: Trading at 13.6x P/E ratio and 5.0x EV/EBITDA, representing reasonable valuations for a growth-oriented E&P company • Commodity exposure: Significant sensitivity to oil price volatility with no hedging program, creating earnings volatility risk • Capital intensity: High ongoing capital requirements of $1.1-1.3 billion annually to maintain production growth • Argentine country risk: Exposure to currency controls, export restrictions, and political instability in primary operating jurisdiction
Recent development
Vista Energy has undergone significant strategic transformation over the past few years, evolving from a startup exploration company into a major regional shale oil producer. The company's most significant recent development was the $1.2 billion acquisition of Petronas Argentina's 50% stake in the La Amarga Chica block in Q1 2025, which immediately increased production by approximately 40,000 BOEs per day and added 140 million BOEs of proven reserves. The company has systematically expanded its operational capacity through infrastructure investments and equipment additions. Vista secured three drilling rigs and two hydraulic fracturing sets to support accelerated development, enabling the company to drill and complete 50-60 new wells annually. The company also invested in midstream infrastructure, including expanding its oil treatment plant capacity to 90,000 barrels per day and securing additional pipeline transportation capacity through partnerships with Oldelval and Vaca Muerta Norte systems. Vista has pursued an aggressive asset optimization strategy, divesting conventional oil assets to focus resources on higher-return unconventional shale development. The company has also implemented environmental initiatives, reducing greenhouse gas emission intensity by 44% while increasing production, demonstrating improved operational efficiency. The company's drilling and completion techniques have evolved significantly, with longer lateral wells (extending from 2,800 to 3,200 meters) and optimized completion designs that have increased estimated ultimate recovery per well from 1.5 to 1.8 million barrels. Vista has also integrated vertically by developing its own sand mining and processing facilities to reduce completion costs. Recent strategic moves include active participation in merger and acquisition opportunities, including the ongoing Exxon asset sale process, as Vista seeks to consolidate its position in Vaca Muerta through accretive acquisitions.
VIST company profile · for informational purposes only — not investment advice.
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