Overview
- Vista’s 2025 production averaged 115,479 boe/d, up 66% year over year, with Q4 output at 135,414 boe/d, a 59% annual increase.
- Full-year results showed $2.444 billion in revenue, $1.596 billion in adjusted EBITDA (65% margin), and $719 million in net income, alongside a lifting cost of $4.4/boe for 2025 and $4.1/boe in Q4.
- The company exported 22.2 million barrels in 2025, equal to 61% of crude sales and generating more than $1.4 billion, and it is building in-house trading through Pepasa as it targets doubling export revenues by 2028.
- Vista invested $1.331 billion to drill and connect 74 unconventional wells, boosted scale with the April purchase of 50% of La Amarga Chica, and lifted proved reserves 57% to 588 MMboe while cutting Scope 1–2 emissions intensity 23%.
- For 2026, management targets 140,000 boe/d and about $1.9 billion in adjusted EBITDA, evaluates applying Argentina’s expanded RIGI to blocks such as Bandurria Norte, Águila Mora and Bajo del Toro, and expects Q2 closing of Equinor assets pending Chilean antitrust approval after Shell waived preemption on Bandurria Sur.