Vista Energy (VIST) reported a second-quarter production increase of 32% year-over-year, reaching 156,061 barrels of oil equivalent per day, while facing a significant earnings miss. Adjusted earnings per share were $2.38, falling short of the Zacks Consensus Estimate of $3.15 by 24.4%, despite revenues rising 102.3% year-over-year to $1.23 billion.
During the quarter, Vista tied in 27 net new wells and connected 90 over the past year, with projections of approximately 160,000 barrels per day in Q3 and 170,000 in Q4. The company’s forward price-to-earnings ratio stands at 7.2, with a current share price of $68.57 compared to a targeted price of $70, indicating limited upside potential. Current gross debt is $3.66 billion, with net leverage improving to 1.41 times adjusted EBITDA.
Despite strong production growth and a robust position in Vaca Muerta, estimate revisions indicate caution with a Zacks Rank #5 (Strong Sell). Current fiscal-year earnings estimates have declined 26.1% in the past month.
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