EarningsQ2 2026 Earnings Report
MX:VISTAA Q2 2026 EPS Results
Actual EPS$41.72
Consensus EPS$52.82
Beat/MissMissed by -$11.10
One Year Ago EPS$10.27
MX:VISTAA Q2 2026 Revenue Results
Actual Revenue$21.48B
Expected Revenue$20.65B
Beat/MissBeat by +$832.76M
YoY Revenue Growth+80.19%
Earnings Announcement Details
QuarterQ2 2026
Date07/16/2026
TimeTBA
Conference CallThursday, July 16, 2026
MX:VISTAA Upcoming Earnings
Vista Energy SAB de CV Class A's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial quarter driven by the Equinor asset acquisition and robust organic growth: double-digit production gains, near-doubling of Adjusted EBITDA, large revenue uplift, strong free cash flow, and improved leverage metrics. Remaining risks are mostly execution and macro-related: sequential cost pressures from local inflation, selling tax increases, heavy near-term investing activity and acquisition cash outflows, supply-chain concerns for VMOS components, and sensitivity to oil price volatility. Management reiterated growth-first capital allocation while targeting deleveraging to ~1x net debt/EBITDA, keeping M&A optionality and possible future shareholder returns.Company Guidance
Successful Acquisition and Scale-Up
Closed acquisition of Equinor assets in Vaca Muerta (Bandurria Sur and Bajo del Toro), adding ~14.2k BOE/d average in Q2 and a run-rate of ~21k BOE/d that will fully impact in Q3, materially increasing company scale.
Strong Production Growth
Total production averaged 156.1k BOE/d, up 32% year-over-year and 16% sequentially; oil production 135.4k bbl/d, up 33% year-over-year and 16% sequentially; gas production +30% year-over-year and +15% sequentially.
Significant Revenue Expansion
Total revenues were $1.15 billion, up 89% year-over-year and 66% sequentially, driven by higher volumes and realized oil prices.
Record Adjusted EBITDA and Margin Expansion
Adjusted EBITDA was $805 million, up 99% year-over-year and 79% sequentially; Adjusted EBITDA margin expanded to 17%, +3 percentage points YoY and +5 percentage points QoQ.
Improved Profitability and EPS
Net income of $322 million, up 37% year-over-year and 199% vs prior quarter; reported earnings per share of $3; excluding the prior-year acquisition gain, net income expanded more than nine times YoY.
Strong Cash Generation and Free Cash Flow
Cash flow from operations was $985 million (working capital release of $274 million); free cash flow excluding the Equinor acquisition payment was $491 million for the quarter.
Lower Unit Lifting Cost and Higher Netback
Lifting cost was $4.5/BOE, down 4% year-over-year; netback increased 51% year-over-year to $57/BOE.
High Realized Prices and Export Mix
Realized oil price was $89.4/bbl, +44% YoY and +49% QoQ; oil exports rose 54% YoY to 8.6 million barrels, representing 72% of oil sales and 100% sold at export parity prices.
Solid Balance Sheet and Deleveraging Progress
Cash position $605 million at quarter-end; net leverage 1.41x Adjusted EBITDA (1.25x pro forma including acquired assets for last 12 months); company targeting ~1.0x net leverage by year-end.
Operational Progress and Efficiency Initiatives
Connected 90 new wells in last 12 months driving ~20% organic production growth vs Q2 last year; cost-reduction initiatives in completions (closer sourcing, wet sand, switching frac pump fuel) and ongoing VMOS pipeline progress (overall 65% complete; pipeline 82%) with full project targeted mid-2027.
MX:VISTAA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed