Sign in

    Daniel Guardiola • BTG Pactual

    Daniel Guardiola's questions to Vista Energy SAB de CV (VIST) leadership

    Daniel Guardiola's questions to Vista Energy SAB de CV (VIST) leadership • Q2 2025

    Question

    Daniel Guardiola from BTG Pactual questioned the large negative free cash flow in Q2, focusing on the deterioration of working capital and the company's free cash flow strategy for 2026 and beyond amid price uncertainty.

    Answer

    CEO Miguel Galuccio attributed the negative free cash flow to several one-off items: the $842 million net outflow for the Petronas acquisition, a $250 million income tax payment, and a $140 million increase in CapEx working capital. He stated that based on the updated plan, Vista forecasts neutral free cash flow for the second half of 2025, composed of a negative Q3 and a positive Q4. For 2026 and onward, he confirmed the model shows positive free cash flow generation alongside continued growth.

    Ask Fintool Equity Research AI

    Daniel Guardiola's questions to Vista Energy SAB de CV (VIST) leadership • Q1 2025

    Question

    Daniel Guardiola questioned the expected impact on leverage following the acquisition and sought clarification on the negative free cash flow in Q1, as well as the outlook for 2025 and 2026.

    Answer

    Miguel Galuccio, Chairman and CEO, explained that the pro forma net leverage ratio is approximately 1.0x and is expected to remain below 1.5x, which may necessitate some additional financing. He attributed the negative Q1 free cash flow to planned CapEx acceleration and seasonal working capital effects, noting the acquisition will strengthen the future cash flow profile. New guidance will be provided in Q2.

    Ask Fintool Equity Research AI

    Daniel Guardiola's questions to Vista Energy SAB de CV (VIST) leadership • Q3 2024

    Question

    Daniel Guardiola requested an update on the sale process for Exxon's assets in Argentina, asking if Vista is still participating and what strategic merits the assets hold.

    Answer

    Chairman and CEO Miguel Galuccio confirmed Vista remains in the competitive process, stating the assets are attractive as they could establish a new, material development hub in the north. However, he emphasized that Vista has sufficient acreage for its growth plans regardless of the outcome.

    Ask Fintool Equity Research AI