Vista Energy, S.A.B. de C.V. (VIST) Company Report

Vista Energy, S.A.B. de C.V.'s main subsidiary, Vista Energy Argentina S.A.U., has priced U.S.$400,000,000 in aggregate principal amount of 8.500% senior notes due 2033.
The notes were issued at an issue price of 101.236%, equivalent to a yield to average life of 8.250%, with the offering expected to close on December 10, 2025.
This issuance will bring the total aggregate principal amount outstanding of Vista Argentina's 2033 Notes to U.S.$900,000,000 upon closing.
The offering was conducted under New York law and pursuant to Rule 144A and Regulation S.

1 day ago

Vista Outlines Ambitious Growth and Financial Targets Through 2030

VIST

Guidance Update

New Projects/Investments

Share Buyback

Vista projects to increase production to 180,000 barrels of oil equivalent per day (BOE/day) by 2028 and over 200,000 BOE/day by 2030, a significant rise from 114,000 BOE/day in 2025.
Adjusted EBITDA is forecast to grow from $1.6 billion in 2025 to $2.8 billion by 2028, reflecting a 75% increase.
The company expects to generate $1.5 billion in cumulative free cash flow between 2026 and 2028, with annual free cash flow projected to reach $1.5 billion by 2030.
Drilling and completion costs have been reduced to $12.3 million per well and are targeted to decrease further to $11 million by the end of 2028.
Vista plans to prioritize share buybacks to return cash to shareholders, particularly while the stock is perceived to be at a discount.

Nov 12, 2025, 2:00 PM

Vista Energy Announces New 2026-2028 Targets and 2030 Vision

VIST

Guidance Update

New Projects/Investments

Share Buyback

Vista announced new 2026-2028 targets and a 2030 vision, projecting production to increase from 114,000 barrels of oil equivalent per day (BOE/day) in 2025 to 180,000 BOE/day by 2028, and over 200,000 BOE/day by 2030.
Adjusted EBITDA is forecast to grow from approximately $1.6 billion in 2025 to $2.8 billion by 2028, with an adjusted EBITDA margin remaining around 65%.
The company expects to generate cumulative free cash flow of $1.5 billion between 2026 and 2028 (assuming Brent at $65 in 2026 and $70 thereafter), with annual free cash flow reaching $1.5 billion by 2030.
Capital expenditure is planned at $1.5 billion to $1.6 billion per year between 2026 and 2028, while drilling and completion costs per well are expected to decrease from $12.3 million today to $11.0 million by 2028.
Vista aims to reduce its net leverage ratio from 1.5 times today to below 1 time by 2028, and will prioritize share buybacks for returning cash to shareholders.

Nov 12, 2025, 2:00 PM

Vista Energy Updates 2030 Vision and Financial Targets

VIST

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Vista Energy projects substantial growth, targeting 180 Mboe/d production and $2.8 billion in Adjusted EBITDA by 2028, with an annual recurring free cash flow of $1.5 billion by 2030, which is 33% above the forecast from September 2023.
The company has become the largest independent oil producer and exporter in Argentina, achieving approximately threefold production growth and fourfold Adjusted EBITDA growth since 2021.
Vista Energy plans to double export revenues in the next three years, aiming for approximately 75% of oil export volumes by 2028, and expects to reduce its net leverage ratio to below 1.0x by 2028.
The company has expanded its well inventory to 1,653 wells and increased oil treatment and pipeline capacities to 178 Mbbl/d and 194 Mbbl/d, respectively, while also targeting a reduction in drilling and completion costs to $11.0 million per well by YE-28F.

Nov 12, 2025, 1:20 PM

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