Vista Energy Q1 Earnings Miss Estimates on Lower Oil & Gas Prices

Core Insights - Vista Energy S.A.B. de CV reported first-quarter 2025 adjusted earnings per share of 79 cents, missing the Zacks Consensus Estimate of 82 cents, but showing an increase from 49 cents in the prior-year quarter [1] - The company's quarterly revenues reached $438 million, up from$317 million year-over-year, but fell short of the Zacks Consensus Estimate of $457 million [2] Production and Performance - Total production averaged 80,913 barrels of oil equivalent per day (Boe/d), a significant increase from 55,046 Boe/d in the same quarter last year, with 86$68.6 per barrel, down from $70.3 a year ago, and the average realized natural gas price decreased to$2.5 per million Btu from $2.8 [4] - Lifting costs totaled$34.1 million, a 58% increase from $21.6 million year-over-year, with lifting costs per barrel of oil equivalent rising to$4.7 from $4.3 [5] Financial Position - As of March 31, 2025, Vista Energy had$739.7 million in cash and short-term investments, with long-term debt of $1,521 million and short-term debt of$182.2 million [6] - Capital expenditure for the quarter was $268.5 million, and net cash provided by operating activities was$66.4 million [6] Guidance and Future Outlook - Vista Energy has withdrawn its previously issued 2025 market guidance due to the acquisition of a 50% stake in La Amarga Chica, indicating a revision of its full-year plan to incorporate new production and reserves [7] - The company expects second-quarter 2025 production to exceed 110,000 Boe/d, up from approximately 81,000 Boe/d in the first quarter, while maintaining existing drilling and capital expenditure plans until revised guidance is released [8]