Vista Oil & Gas (VIST) has released an update.
Vista Oil & Gas reports a 14% year-over-year increase in Q1 2024 production, driven by strong performance in the Vaca Muerta shale, despite a slight 2% drop from the previous quarter. The company experienced a substantial 33% reduction in lifting costs, contributing to an 8% rise in adjusted EBITDA. However, free cash flow was negative, influenced by increased working capital and midstream expansion payments.
For further insights into VIST stock, check out TipRanks’ Stock Analysis page.
