Vista Energy Q2 2026 Earnings Call Transcript

On Friday, Vista Energy (NYSE: VIST ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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For comprehensive financial data and transcripts, visit View the webcast at Summary Vista Energy reported a strong second quarter of 2026, with total production at 156,000 boes per day, a 32% increase year-over-year.

Oil production rose to 135,000 barrels per day, a 33% increase.

Total revenues reached $1.15 billion, an 89% growth from the previous year, driven by higher oil production and prices.

Adjusted EBITDA grew 99% year-over-year to $805 million.

The acquisition of Equinox Assets in Vaca Muerta significantly contributed to the company's performance, enhancing its scale and positioning to benefit from higher oil prices.

Free cash flow was $491 million, with a strong cash position of $605 million.

The company aims to reduce its net leverage ratio to around 1 by year-end 2026.

Vista Energy plans to maintain its $3 billion EBITDA guidance but provided sensitivity guidance due to oil price volatility.

Management emphasized ongoing strategic initiatives, including organic growth and potential future M&A activities, while maintaining flexibility in capital allocation.

Full Transcript OPERATOR Good day everyone and thank you for standing by.

Welcome to Vista Energy's second quarter 2026 earnings webcast.

At this time, all participants are in a listen-only mode.

After the speaker's presentation, there will be a question and answer session.

To ask a question, you will need to press on your telephone.

You will then hear a message advising your hand is raised.

To withdraw your question, please press star 11 again.

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 Chernikov.

Please proceed.

Alejandro Chernikov, Strategic Planning and Investor Relations Officer Thanks.

Good morning everyone.

We are happy to welcome you to Vista Energy's second quarter of 2026 results conference call.

I am here with Miguel Gallucho, Vista's Chairman and CEO; Pablo Vera Pinto, Vista's CFO; Juan Garobi, Vista's CTO; and Matias Huejzel, 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 from the expectations contemplated by these remarks.

Our financial figures are stated in US Dollars and in accordance with International Financial Reporting Standards (IFRS).

However, during this conference call, we may discuss certain non-IFRS financial measures such as adjusted EBITDA and Adjusted Net Income.

Reconciliations of these measures to the closest IFRS measure can be found in the earnings release that we issued yesterday.

Please check our website for further information.

My company is Associedad Anonyma Bursatio de Capital Bariable, organized under the laws of Mexico, registered in the Bolsa Mexicana de Valores and the New York Stock Exchange.

Our tickers are VISTA in the Bolsa Mexicana de Valores and BIST in the New York Stock Exchange.

I will now turn the call over to Miguel.