Particle.news

Download on the App Store

Vista Energy Exceeds Production Targets as Shares Slide

A 40% jump in EBITDA following its April Petronas acquisition demonstrates strengthened cash flow prospects

Vista Energy, la petrolera de Miguel Galuccio.

Overview

  • Vista Energy produced 118,000 barrels of oil equivalent per day in Q2, an 81% year-on-year increase that included 102,000 barrels of oil daily
  • The company’s adjusted EBITDA rose 40% to $404.5 million and net income climbed 68% to $235.3 million in the quarter
  • Its April purchase of Petronas’s Argentina assets for $1.2 billion secured a 50% stake in the La Amarga Chica block
  • After integrating La Amarga Chica, Vista has already surpassed its annual production objectives and now leads private oil output in Argentina’s Vaca Muerta
  • Despite robust results, its shares fell 4.8% to 870.67 pesos on the Mexican Stock Exchange as investors weigh oil price volatility