Vista Oil & Gas SAB de CV ( (VIST) ) has provided an announcement.
Vista Energy reported its financial and operational results for the fourth quarter and full year of 2024, highlighting a substantial increase in production and revenues. In Q4 2024, the company achieved a 51% year-over-year increase in total production, driven by the tie-in of 25 new wells, and reported total revenues of $471.3 million, a 52% increase from Q4 2023. However, the adjusted EBITDA decreased by 5% year-over-year due to lower income from the Exports Increase Program. For the full year 2024, Vista Energy completed 50 new wells, leading to a 36% increase in total production compared to 2023. The company also reported a significant increase in total proved reserves and a reduction in GHG emissions intensity by 44%. Despite these achievements, the company recorded a negative free cash flow of $92.9 million for the year.
More about Vista Oil & Gas SAB de CV
Vista Energy, S.A.B. de C.V. operates in the energy sector, focusing on oil and gas production. The company is involved in the exploration and production of shale oil and gas, primarily in the Vaca Muerta region, a significant shale oil and gas development area in Argentina.
YTD Price Performance: -7.87%
Average Trading Volume: 911,116
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.91B
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