Vista Oil & Gas ( (VIST) ) has released its Q1 earnings. Here is a breakdown of the information Vista Oil & Gas presented to its investors.
Vista Oil & Gas is a leading energy company operating in the oil and gas sector, with a significant focus on shale oil development in Argentina’s Vaca Muerta region. The company recently reported its financial results for the first quarter of 2025, showcasing substantial growth in production and revenues.
In the first quarter of 2025, Vista Oil & Gas achieved a total production of 80,913 barrels of oil equivalent per day (boe/d), marking a 47% increase compared to the same period in 2024. The company’s total revenues reached $438.5 million, a 38% rise year-over-year, driven primarily by a surge in oil production. Despite a slight decrease in average realized crude oil prices, the company’s adjusted EBITDA grew by 25% to $275.4 million, reflecting strong operational performance.
Key financial highlights include a net income of $82.8 million, up from $78.7 million in the first quarter of 2024, and an earnings per share (EPS) of $0.86. The company maintained a robust adjusted EBITDA margin of 62%, benefiting from lower selling expenses due to reduced trucking costs following the expansion of the Oldelval pipeline. Additionally, Vista’s acquisition of Petronas E&P Argentina S.A. further strengthens its position in the Vaca Muerta region, with the potential for significant future development.
Vista’s strategic investments in drilling and infrastructure, particularly in the Vaca Muerta shale play, underscore its commitment to expanding production capabilities. The company reported a capital expenditure of $268.5 million for the quarter, with a focus on drilling and completing new wells. Despite a negative free cash flow of $243.5 million, Vista’s financial position remains solid, supported by a cash balance of $739.7 million and a net leverage ratio of 0.84x adjusted EBITDA.
Looking ahead, Vista Oil & Gas remains optimistic about its growth prospects, leveraging its strategic acquisitions and operational efficiencies to drive future performance. The company’s management continues to focus on optimizing production and cost control measures to enhance shareholder value in the evolving energy market.