Vista Energy Closes US$712 Million Acquisition of Equinor’s Vaca Muerta Assets

Vista Energy SAB de CV ( (VIST) ) has issued an announcement.

Vista Energy announced on May 7, 2026, that it has closed the acquisition of Equinor’s interests in two key Vaca Muerta shale blocks in Argentina. The deal, announced previously in February 2026, adds a 25.1% non-operating working interest in the Bandurria Sur block and a 35.0% non-operating working interest in the Bajo del Toro block to Vista’s portfolio.

The transaction totals US$712 million, combining an upfront cash payment, tax gross-ups, and the issuance of over 6.2 million American Depositary Shares, plus an additional US$131 million in customary cash and balance sheet adjustments. Vista will consolidate the results of these blocks in its financial statements from May 1, 2026, immediately boosting its exposure to producing assets that in the first quarter of 2026 delivered around 22.6 thousand barrels of oil equivalent per day at Vista’s working interest, the vast majority in oil, and the company plans to update its 2026–2028 guidance and 2030 vision to reflect the enlarged scale of its Vaca Muerta operations.

Bandurria Sur, with 210 wells on production as of March 31, 2026, produced 82.3 thousand barrels of oil equivalent per day at 100% working interest in the first quarter, translating to 20.7 thousand barrels of oil equivalent per day for Vista, including 15.9 thousand barrels of oil per day. Bajo del Toro, with 23 producing wells, generated 5.4 thousand barrels of oil equivalent per day at 100% working interest over the same period, equivalent to 1.9 thousand barrels of oil equivalent per day for Vista, of which 1.8 thousand barrels were oil, underlining the oil-weighted nature of the acquired production and its potential to strengthen Vista’s cash flow and regional competitive position.

The most recent analyst rating on (VIST) stock is a Buy with a $87.00 price target. To see the full list of analyst forecasts on Vista Energy SAB de CV stock, see the VIST Stock Forecast page.

Spark’s Take on VIST Stock

According to Spark, TipRanks’ AI Analyst, VIST is a Outperform.

The score is driven mainly by mixed financial quality: strong profitability and growth are tempered by higher leverage and negative TTM free cash flow. Technicals add support via a clear uptrend with positive momentum, and valuation looks attractive on a low P/E. Earnings-call guidance is positive but carries meaningful execution, oil-price, and financing risks tied to sustained high CapEx and M&A.

To see Spark’s full report on VIST stock, click here.

More about Vista Energy SAB de CV

Vista Energy, S.A.B. de C.V. is a Latin American oil and gas company listed on the New York and Mexican stock exchanges, focused on upstream exploration and production. The company has a significant presence in Argentina’s Vaca Muerta shale play, where it participates in multiple blocks to grow its unconventional hydrocarbon output and reserves.

Vista operates and holds interests in producing wells across Vaca Muerta, targeting crude oil and associated gas volumes to solidify its position as a leading independent producer in the region. Its strategy centers on scaling production, optimizing assets, and enhancing shareholder value through acquisitions and development of high-potential shale blocks.

Average Trading Volume: 1,632,546

Technical Sentiment Signal: Buy

Current Market Cap: $6.52B

See more insights into VIST stock on TipRanks’ Stock Analysis page.