The following is a summary of the Vista Energy, S.A.B. De C.V. (VIST) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Vista Energy reported a strong Q2 with total revenues of $397 million, marking a 66% year-over-year increase.

• Adjusted EBITDA was $288 million, up 90% from the previous year, driven by robust revenue growth.

• Adjusted net income for the quarter stood at $72 million, with a quarterly adjusted EPS of $0.7 per share.

• Production reached 65,300 BOEs per day, up 40% year-over-year.

• Oil production was particularly strong at 57,200 barrels per day, a 46% increase year-over-year.

• The net leverage ratio at the end of the quarter was a solid 0.6 times adjusted EBITDA.

Business Progress:

• Vista Energy strengthened its operational capabilities by drilling and completing 14 new wells, tying in a total of four well pads.

• The company also expanded its oil treatment capacities and doubled its export oil pipeline capacity to Chile.

• A strategic contract was signed with SLB for a second frac set, aiming to enhance operational flexibility and support the anticipated activity acceleration in 2025.

Opportunities:

• Growth potential through the scale-up of oil production, particularly in the Vaca Muerta shale development hub.

• Enhanced export capabilities following the expansion of the oil treatment plant and pipeline connectivity, with a doubling of the export capacity to Chile.

Risks:

• The guided increase in trucked volumes and associated higher costs until the Oldelval pipeline is fully operational pose a financial and operational risk.

More details: Vista Energy IR

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