Vista Energy Q2 2026 Results

Vista Energy reported its financial and operational results for the second quarter of 2026, highlighted by a significant increase in total production, which reached 156,061 boe/d, a 32% rise compared to Q2 2025. This growth was driven by both organic expansion and the consolidation of new working interests in the Bandurria Sur and Bajo del Toro blocks. Average realized crude oil prices saw a substantial increase of 44% year-over-year, contributing to a 89% surge in total revenues to $1,154.4 million. Adjusted EBITDA grew by 99% year-over-year to $805.2 million, with a corresponding margin increase to 70%. Net income also saw a significant boost, rising 199% from the previous quarter to $321.7 million. Capital expenditures for the quarter amounted to $466.8 million, primarily focused on drilling and completion activities in the Vaca Muerta wells. The company generated a free cash flow of $99.1 million, or $491.0 million excluding payments related to the Equinor Transaction. Vista maintained a solid balance sheet with a cash position of $604.7 million and a net leverage ratio of 1.25x on a pro forma basis.