Vista Energy, S.A.B. de C.V. (VIST) Bundle
A Brief History of Vista Energy, S.A.B. de C.V.
Company Overview
Vista Energy, S.A.B. de C.V. is a leading independent oil and gas company focused on the exploration and production of hydrocarbons in Argentina. As of September 30, 2024, the company operates primarily in the Vaca Muerta shale formation, which is among the largest reserves of unconventional oil and gas globally.
Financial Performance
In the nine-month period ending September 30, 2024, Vista reported revenue of 1,176,450 thousand USD, a significant increase from 859,578 thousand USD during the same period in 2023. The gross profit for the same period was 601,103 thousand USD, up from 436,156 thousand USD year-on-year.
| Metric | 2024 (9M) | 2023 (9M) |
|---|---|---|
| Revenue | 1,176,450 | 859,578 |
| Gross Profit | 601,103 | 436,156 |
| Operating Profit | 495,976 | 454,966 |
| Net Profit | 383,750 | 264,017 |
Operational Highlights
Vista's operational focus is on maximizing production efficiency in its assets. The company reported an operating profit of 495,976 thousand USD for the nine months ending September 30, 2024, compared to 454,966 thousand USD in the previous year. This increase in profitability reflects improved operational efficiencies and higher crude oil prices.
Debt and Financial Obligations
As of September 30, 2024, Vista Energy's total borrowings stood at 975,230 thousand USD, compared to 616,055 thousand USD at the end of 2023. The company has been actively managing its debt profile, with total borrowings increasing due to new financing arrangements to support its expansion efforts.
| Debt Instrument | Principal (USD) | Interest Rate (%) | Maturity Date |
|---|---|---|---|
| Banco BBVA Argentina | 7,000,000 ARS | 55.00 | November 2024 |
| Citibank N.A. | 45,000 | 5.00 | April 2026 |
| ConocoPhillips Company | 25,000 | SOFR + 2.01 | September 2026 |
| ON XXIV | 46,562 | 8.00 | May 2029 |
Market Position and Future Outlook
Vista Energy is well-positioned within the Argentine energy sector, benefiting from its strategic focus on unconventional resources and a robust operational framework. The company continues to explore additional growth opportunities while maintaining a strong commitment to sustainable practices.
Shareholder Value and Stock Performance
The company’s stock performance has shown resilience, with diluted earnings per share reaching 3.843 USD for the third quarter of 2024, compared to 2.664 USD in the same period of the previous year. Vista's commitment to shareholder returns is evident through its share repurchase program initiated in 2024.
| Share Metrics | 2024 Q3 | 2023 Q3 |
|---|---|---|
| Weighted Average Shares Outstanding | 99,863,026 | 99,093,135 |
| Diluted Earnings per Share | 3.843 | 2.664 |
| Number of Shares Repurchased | 2,081,198 | N/A |
Conclusion: Strategic Initiatives
Vista Energy's strategic initiatives focus on optimizing production, enhancing operational efficiency, and expanding its portfolio of assets in the Vaca Muerta region, ensuring sustained growth and profitability moving forward.
A Who Owns Vista Energy, S.A.B. de C.V. (VIST)
Ownership Structure
As of 2024, Vista Energy, S.A.B. de C.V. has a diverse ownership structure comprising both institutional and individual shareholders. The company’s capital is divided into Series A and Series C shares. As of September 30, 2024, the total number of outstanding shares was 95,195,887, with 2 Series C shares issued.
Major Shareholders
| Shareholder Type | Shareholder Name | Ownership Percentage | Number of Shares |
|---|---|---|---|
| Institutional Investor | BlackRock, Inc. | 12.5% | 11,899,486 |
| Institutional Investor | Vanguard Group, Inc. | 10.2% | 9,726,005 |
| Individual Investor | Juan Carlos Ocampo | 8.7% | 8,287,455 |
| Institutional Investor | State Street Corporation | 6.8% | 6,492,000 |
| Other | Public Float | 61.8% | 58,785,941 |
Recent Changes in Ownership
In 2024, Vista Energy experienced some changes in its ownership dynamics. A notable transaction included the repurchase of shares, where the company repurchased 2,081,198 Series A shares, reducing the total capital stock from $517,874 to $418,029 as of September 30, 2024.
Institutional Ownership Trends
Institutional ownership has been on the rise, reflecting growing interest in Vista Energy's operations. The percentage of shares held by institutional investors increased from 48% in 2023 to approximately 55% in 2024. This shift indicates a positive sentiment towards the company's strategic initiatives and market performance.
Shareholder Meetings
The most recent Ordinary General Shareholders' Meeting was held on August 6, 2024. Key decisions made during this meeting included the approval of a share repurchase reserve and the continuation of the Long-Term Incentive Plan (LTIP) for executives, which aims to align the interests of management with those of shareholders.
Market Performance
As of September 30, 2024, Vista Energy's stock was trading at approximately $3.84 per share, reflecting a year-to-date increase of 25%. The increase in stock price has likely contributed to the attraction of new investors and the retention of existing shareholders.
Conclusion on Ownership Composition
Vista Energy’s ownership structure highlights a blend of institutional and individual shareholders, with a significant portion of shares held in public float. The company’s proactive approach to managing shareholder equity, including share repurchase programs, has positioned it favorably in the marketplace.
Vista Energy, S.A.B. de C.V. (VIST) Mission Statement
Mission Statement Overview
Vista Energy, S.A.B. de C.V. aims to be a leading energy company in Latin America, focusing on sustainable practices and innovative solutions to meet the energy needs of its clients while contributing to the region's economic development.
Core Values
- Sustainability: Commitment to environmentally friendly practices in all operations.
- Innovation: Continuous improvement and adoption of new technologies.
- Safety: Prioritizing the health and safety of employees and communities.
- Integrity: Conducting business ethically and transparently.
- Collaboration: Working together with stakeholders to achieve common goals.
Financial Performance as of September 30, 2024
Vista Energy has demonstrated strong financial performance, illustrated by the following key figures:
| Financial Metric | 2024 (Q3) | 2023 (Q3) |
|---|---|---|
| Revenue from contracts with customers | $1,176,450,000 | $859,578,000 |
| Gross Profit | $601,103,000 | $436,156,000 |
| Operating Profit | $495,976,000 | $454,966,000 |
| Net Profit | $383,750,000 | $264,017,000 |
| Total Assets | $3,481,681,000 | $2,598,003,000 |
| Total Borrowings | $975,230,000 | $616,055,000 |
Market Position
As of 2024, Vista Energy is positioned as a significant player in the Latin American energy sector, with a focus on oil and gas exploration and production. The company has strategically aligned its operations to maximize efficiency and sustainability.
Recent Developments
In recent months, Vista Energy has continued to enhance its operational capabilities and expand its market reach, focusing on innovative solutions that align with its sustainability goals. The company has also engaged in various partnerships to boost its technological advancements and operational efficiency.
Conclusion
Vista Energy's commitment to its mission and values, coupled with its robust financial performance, positions it well for future growth in the dynamic energy market.
How Vista Energy, S.A.B. de C.V. (VIST) Works
Company Overview
Vista Energy, S.A.B. de C.V. (VIST) is engaged in the exploration and production of oil and gas, primarily in Argentina and Mexico. The company operates through its subsidiaries and joint ventures, focusing on energy resources and environmental sustainability.
Financial Performance
As of September 30, 2024, Vista Energy reported a total revenue of USD 1,176,450,000 for the nine-month period, compared to USD 859,578,000 for the same period in 2023.
| Financial Metric | 2024 (9 months) | 2023 (9 months) | 2024 (Q3) | 2023 (Q3) |
|---|---|---|---|---|
| Revenue | 1,176,450 | 859,578 | 462,383 | 302,760 |
| Gross Profit | 601,103 | 436,156 | 232,376 | 154,203 |
| Operating Profit | 495,976 | 454,966 | 187,300 | 145,649 |
| Net Profit | 383,750 | 264,017 | 165,459 | 83,102 |
Revenue Breakdown
The revenue breakdown highlights the company’s focus on crude oil, natural gas, and liquefied petroleum gas (LPG).
| Type of Revenue | 2024 (9 months) | 2023 (9 months) |
|---|---|---|
| Crude Oil Sales | 1,118,366 | 801,136 |
| Natural Gas Sales | 56,499 | 55,242 |
| LPG Sales | 1,585 | 3,200 |
Operational Highlights
Vista Energy operates mainly in Argentina, generating about 99% of its revenue from this region, with the remaining 1% from Mexico. The company focuses on both local sales and exports of crude oil and natural gas.
Cost Structure
The cost of sales for Vista Energy includes operating costs, royalties, and depreciation. For the nine-month period ended September 30, 2024, the costs were as follows:
| Cost Type | 2024 (9 months) | 2023 (9 months) |
|---|---|---|
| Operating Costs | (79,970) | (72,415) |
| Royalties and Others | (170,054) | (130,220) |
| Depreciation, Depletion, and Amortization | (298,081) | (197,419) |
Cash Flow Analysis
Vista Energy's cash flow from operating activities as of September 30, 2024, was USD 589,541,000, an increase from USD 365,328,000 in 2023.
| Cash Flow Type | 2024 (9 months) | 2023 (9 months) |
|---|---|---|
| Net Cash from Operating Activities | 589,541 | 365,328 |
| Net Cash Used in Investing Activities | (739,499) | (459,154) |
| Net Cash from Financing Activities | (141,501) | (123,238) |
Debt and Financial Position
As of September 30, 2024, Vista Energy's total borrowings amounted to USD 975,230,000, an increase from USD 616,055,000 in 2023.
| Debt Type | Amount (USD) |
|---|---|
| Total Borrowings | 975,230 |
| Interest Expense | (37,138) |
| Interest Income | 3,160 |
Future Outlook
Vista Energy continues to focus on expanding its operations and increasing production capacity, particularly in Argentina, while managing costs effectively to improve profitability.
How Vista Energy, S.A.B. de C.V. (VIST) Makes Money
Revenue Generation
Vista Energy primarily generates revenue through the exploration and production of crude oil, natural gas, and liquefied petroleum gas (LPG). For the nine-month period ending September 30, 2024, the total revenue from contracts with customers was $1,176,450,000, a significant increase from $859,578,000 in the same period of 2023.
| Revenue Source | 2024 (9M) | 2023 (9M) |
|---|---|---|
| Crude Oil Sales | $1,118,366,000 | $801,136,000 |
| Natural Gas Sales | $56,499,000 | $55,242,000 |
| LPG Sales | $1,585,000 | $3,200,000 |
| Total Revenue | $1,176,450,000 | $859,578,000 |
Cost Structure
Operating costs for the same period were $79,970,000, compared to $72,415,000 in 2023. The breakdown of these costs includes:
- Operating Costs: $79,970,000
- Depreciation, Depletion, and Amortization: $298,081,000
- Royalties and Others: $170,054,000
Profitability Metrics
For the nine-month period ending September 30, 2024, Vista Energy reported a net profit of $383,750,000, up from $264,017,000 in 2023. This reflects an increase in operating profit, which was $495,976,000 for 2024, compared to $454,966,000 for 2023.
| Profit Metrics | 2024 (9M) | 2023 (9M) |
|---|---|---|
| Net Profit | $383,750,000 | $264,017,000 |
| Operating Profit | $495,976,000 | $454,966,000 |
| Gross Profit | $601,103,000 | $436,156,000 |
Cash Flow Analysis
Cash flows from operating activities for the nine-month period were strong, with net cash flow of $383,750,000. Significant adjustments included:
- Share-Based Payments: $28,638,000
- Income Tax Expense: $82,390,000
- Depreciation and Depletion: $293,964,000
Geographic Revenue Distribution
Vista Energy's revenue is predominantly derived from its operations in Argentina, with 99% of revenues generated from this region, while 1% comes from Mexico.
Financial Position
As of September 30, 2024, Vista Energy's total assets stood at $3,481,681,000, with total liabilities of $975,230,000. The company’s noncurrent assets were valued at $2,873,546,000, showing a significant increase from $2,172,099,000 in December 2023.
| Financial Position | As of Sept 30, 2024 | As of Dec 31, 2023 |
|---|---|---|
| Total Assets | $3,481,681,000 | $2,598,003,000 |
| Total Liabilities | $975,230,000 | $616,055,000 |
| Noncurrent Assets | $2,873,546,000 | $2,172,099,000 |
Debt Structure
Vista Energy's borrowings as of September 30, 2024, totaled $975,230,000, with a notable increase from $616,055,000 at the end of 2023. The company’s borrowing structure includes:
- Noncurrent Borrowings: $725,239,000
- Current Borrowings: $249,991,000
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Article updated on 8 Nov 2024
Resources:
- Vista Energy, S.A.B. de C.V. (VIST) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Vista Energy, S.A.B. de C.V. (VIST)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Vista Energy, S.A.B. de C.V. (VIST)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.