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Vista Energy(VIST) - 2022 Q4 - Annual Report
2023-04-24 20:24
Shareholder Meetings - 52,968,302 shares, representing 57.03% of the capital stock, were present at the Annual Ordinary General Meeting, while 90,935,730 shares, representing 97.90%, were present at the Extraordinary General Meeting[2]. - The proxy vote for the first item of the agenda resulted in 82,362,405 affirmative votes, 8,438,025 dissenting votes, and 135,300 abstentions[41]. - The proxy vote for the second item of the agenda resulted in 82,514,344 affirmative votes, 8,287,928 dissenting votes, and 133,458 abstentions[44]. Financial Performance - The Chief Executive Officer's report for the fiscal year ended December 31, 2022, was approved, which included the consolidated financial statements and the external auditor's report[6]. - The consolidated financial statements as of December 31, 2022, presented a total net profit of US$139,565,561, with 5% set aside for the legal reserve amounting to US$6,978,278[33]. Board of Directors - The compensation scheme for the Board of Directors was approved, including a fee of US$80,000 and 25,000 Series "A" shares for the 2023 fiscal year[27]. - The dissenting vote for the compensation scheme for the Board of Directors was 15,795,662 shares, representing 29.8% of the votes[29]. - The affirmative vote for the approval of the Board of Directors report on accounting policies was 34,646,632 shares, representing 65.4% of the votes[13]. - The independence of Mr. Gérard Martellozo as an independent member of the Board of Directors was confirmed with an affirmative vote of 44,390,706 shares, representing 83.7%[25]. Committees Reports - The report of the Audit Committee for the activities carried out during the fiscal year 2022 was approved with an affirmative vote of 34,643,864 shares, representing 65.3%[23]. - The report of the Corporate Practices Committee for the fiscal year 2022 was approved, with an affirmative vote of 34,643,864 shares[21]. Corporate Governance - The company approved amendments to its bylaws to eliminate references to strategic partners, with a total of 90,935,730 shares represented at the Extraordinary General Meeting[40]. - The maximum amount for the repurchase of the Company's own shares was increased from US$20,140,886 to US$50,000,000 for the fiscal year 2023[31].
Vista Energy(VIST) - 2022 Q4 - Earnings Call Transcript
2023-02-24 23:55
Vista Energy, S.A.B. de C.V. (NYSE:VIST) Q4 2022 Results Conference Call February 24, 2023 9:00 AM ET Company Participants Alejandro Chernacov - Co-Founder and Strategic Planning & IR Officer Miguel Galuccio - Founder, Chairman & CEO Conference Call Participants Alejandro Demichelis - Nau Securities Regis Cardoso - Credit Suisse Andres Cardona - Citi Walter Chiarvesio - Santander Rodrigo Nistor - Latin Securities Operator Good day, and thank you for standing by. Welcome to the Vista's Fourth Quarter 2022 Ea ...
Vista Energy(VIST) - 2023 Q1 - Quarterly Report
2023-04-25 20:05
Exhibit 1 VISTA ENERGY, S.A.B. DE C.V. Unaudited interim condensed consolidated financial statements as of December 31, 2022 and 2021, and for the years and for the three-month periods ended December 31, 2022 and 2021 TABLE OF CONTENTS 2 • Unaudited interim condensed consolidated statements of profit or loss and other comprehensive income for the years and for the three-month periods ended December 31, 2022 and 2021 3 • Unaudited interim condensed consolidated statements of financial position as of December ...
Vista Energy(VIST) - 2022 Q3 - Earnings Call Transcript
2022-10-28 00:25
Vista Energy, S.A.B. de C.V. (NYSE:VIST) Q3 2022 Results Conference Call October 27, 2022 9:00 AM ET Company Participants Alejandro Chernacov - IR Miguel Galuccio - Founder, Chairman and CEO Pablo Vera Pinto - Co-Founder and CFO Juan Garoby - COO Conference Call Participants Andres Cardona - Citi Walter Chiarvesio - Santander Regis Cardoso - Creadit Suisse Rodrigo Nistor - Latin Securities Alejandro Demichelis - Nau Securities Ezequiel Fernandez - Balanz Operator Good day, and thank you for standing by. Wel ...
Vista Energy(VIST) - 2022 Q3 - Quarterly Report
2022-10-26 20:07
Exhibit 1 VISTA ENERGY, S.A.B. DE C.V. Unaudited interim condensed consolidated financial statements as of September 30, 2022 and December 31, 2021 and for the nine-month periods ended September 30, 2022 and 2021 VISTA ENERGY, S.A.B. DE C.V. Unaudited interim condensed consolidated financial statements as of September 30, 2022, and December 31, 2021, and for the nine-month periods ended September 30, 2022, and 2021 TABLE OF CONTENTS | • Unaudited interim condensed consolidated statements of profit or loss a ...
Vista Energy(VIST) - 2022 Q2 - Earnings Call Transcript
2022-07-28 01:08
Financial Data and Key Metrics Changes - Total production averaged 44,800 boes per day, a 12% increase year-over-year [9] - Total revenue in Q2 2022 was $294.3 million, a 78% increase compared to Q2 2021 [10] - Adjusted EBITDA reached $202.1 million, doubling year-over-year, with a margin of 69% [11][21] - Adjusted net income was $82.3 million, implying a quarterly adjusted EPS of $0.9 per share [11][31] - Net leverage ratio at quarter end was 0.6x adjusted EBITDA [26] Business Line Data and Key Metrics Changes - Oil production increased by 70% year-over-year, driven by strong performance in Bajada del Palo Oeste [9][12] - Total shale oil production now represents 74% of total oil production [12] - Realized oil price averaged $78.4 per barrel, up 43% year-over-year [17] - Realized gas prices increased 11% year-over-year to $3.9 per million BTU [19] Market Data and Key Metrics Changes - Sales to export markets accounted for 42% of oil volumes and 53% of oil revenues [18] - The average realized oil price for the second half of the year is forecasted at $73 per barrel [30] - The company expects to maintain export levels consistent with Q3 for Q4 [42] Company Strategy and Development Direction - The company is increasing its annual guidance from 24 to 32 new well tie-ins for the year [16][28] - Plans to maintain lifting costs at $7.5 per barrel for the year despite inflationary pressures [20][29] - The company is focused on carbon footprint reduction projects, aiming for a 25% reduction in greenhouse gas emissions intensity in 2022 [26][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining lifting cost guidance despite inflation and production growth [40] - The company is optimistic about production growth in the second half of the year, which is expected to dilute fixed costs [29] - Management noted that the local market is fully supplied, and export approvals are expected to proceed without significant delays [47] Other Important Information - Capital expenditure for the quarter was $151.4 million, primarily for drilling and completion activities [10][23] - The company executed a share buyback program, purchasing a total of 2.8 million shares [34] - The company is planning to repay a $50 million bullet bond maturing on August 8, which will reduce gross debt to approximately $528 million [25][30] Q&A Session Summary Question: What strategies is the company pursuing to deal with rising prices? - Management acknowledged cost pressures but maintained guidance of $7.5 per barrel, expecting production growth to dilute costs [40][41] Question: What should be expected in terms of exports as a percentage of total sales? - Management forecasted three cargos for Q3 and maintained similar export levels for Q4, with an average realized price of $73 per barrel [42][44] Question: How is the company seeing export approvals? - Management indicated that there have been no significant issues with export permit approvals, and the local market is fully supplied [47] Question: How does the company view its long-term plan now? - Management noted that they are ahead of guidance and are considering increasing activity based on favorable oil prices [48] Question: What is the balance between leveraging and returning cash to shareholders? - Management stated that returning cash to shareholders is a priority, with buybacks and dividends being considered for the future [59][61] Question: Are there any issues with completion activity due to maintenance? - Management confirmed that there are no issues with pump maintenance and that they have strategic partnerships with service providers [76][78] Question: How is the company addressing inflation in CapEx? - Management mentioned long-term contracts as a mitigator against inflation and highlighted ongoing cost-saving initiatives [84][85] Question: What drove the significant drop in production in Aguada Federal? - Management explained that the drop was due to a normal protocol to avoid water heat during fracking, and production levels are expected to normalize [88][89]
Vista Energy(VIST) - 2022 Q2 - Earnings Call Presentation
2022-07-27 13:07
Second Quarter 2022 Earnings Webcast July 27, 2022 About projections and forward-looking statements Additional information about Vista Energy, S.A.B. de C.V., a sociedad anónima bursátil de capital variable organized under the laws of Mexico (the "Company" or"Vista") can be found in the "Investors" section on the website at www.vistaoilandgas.com. This presentation does not constitute an offer to sell or the solicitation of any offer to buy any securities of the Company, in any jurisdiction. Securities may ...
Vista Energy(VIST) - 2022 Q2 - Quarterly Report
2022-07-26 20:05
Exhibit 1 VISTA ENERGY, S.A.B. DE C.V. Unaudited interim condensed consolidated financial statements as of June 30, 2022 and December 31, 2021 and for the six-month periods ended June 30, 2022 and 2021 VISTA ENERGY, S.A.B. DE C.V. Unaudited interim condensed consolidated financial statements as of June 30, 2022, and December 31, 2021, and for the six-month periods ended June 30, 2022, and 2021 TABLE OF CONTENTS | • | Unaudited interim condensed consolidated statements of profit or loss and other comprehensi ...
Vista Energy(VIST) - 2022 Q1 - Quarterly Report
2022-04-27 20:37
Exhibit 1.1 VISTA ENERGY, S.A.B. DE C.V. Unaudited interim condensed consolidated financial statements as of March 31, 2022 and December 31, 2021 and for the three-month periods ended March 31, 2022 and 2021 VISTA ENERGY, S.A.B. DE C.V. Unaudited interim condensed consolidated financial statements as of March 31, 2022, and December 31, 2021, and for the three-month periods ended March 31, 2022, and 2021 TABLE OF CONTENTS 2 • Unaudited interim condensed consolidated statements of profit or loss and other com ...
Vista Energy(VIST) - 2021 Q4 - Annual Report
2022-04-26 20:48
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Commission File Number: 001- 39000 Vista Energy, S.A.B. de C.V. (Exact name of registrant as specified in its charter) N.A. (Translation of registrant's name into English) * Not for trading, but only in connection with the registration of American Depositary Shares, pursuant to the re ...