The following is a summary of the Vista Energy, S.A.B. De C.V. (VIST) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Vista Energy reported a strong financial performance with total revenues reaching $462 million, a 53% increase year-over-year.

• Adjusted EBITDA was $310 million, up 37% from the previous year, driven by revenue growth and lower lifting costs per BOE.

• Adjusted net income for the quarter stood at $53 million, translating to an adjusted EPS of $0.60 per share.

• Net leverage ratio was reported at a solid 0.65 times adjusted EBITDA.

Business Progress:

• During Q3, Vista Energy ramped up new well activity significantly, reaching total production of 72,800 BOEs per day, a 47% increase year-over-year.

• The company forecasted production to expand by double digits in Q4 to 85,000 BOEs per day, aligning with their upwardly revised full-year production guidance.

• Vista Energy confirmed ongoing execution of its accelerated CapEx plan to support continued production growth, with $369 million invested in the quarter mainly driven by the drilling and completion of new wells.

Opportunities:

• Vista Energy's strategic focus on expanding drilling and completion capacities, including securing a third drilling rig and a second frac set, positions the company for further growth.

• With a forecast for total production between 95,000 and 100,000 BOEs per day in 2025, the company anticipates more than 40% growth year-over-year.

Risks:

• The company noted a temporary increase in trucking expenses which could impact overall cost efficiency.

• Free cash flow was $(74) million during the quarter, negative due to higher cash invested in ramping up CapEx, which could pose financial constraints if sustained over multiple quarters.

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