Vista Energy Shares Fall 7% Since Reporting Q2 Earnings Miss

Core Viewpoint - Vista Energy S.A.B. de CV's shares have dropped over 7% following a significant earnings miss in Q2 2025, attributed to cost pressures despite a solid growth trajectory and revised guidance [1] Q2 Results - The company reported adjusted earnings per share of 55 cents, missing the Zacks Consensus Estimate of $2.15, and down from 74 cents in the prior-year quarter [2][10] - Quarterly revenues reached $610.5 million, up from $396.7 million year-over-year, exceeding the Zacks Consensus Estimate of $592 million [2] Production Performance - Total production averaged 118,018 barrels of oil equivalent per day (Boe/d), an 81% increase from 65,288 Boe/d in the same quarter last year [4][10] - Crude oil production rose to 102,197 barrels per day (Bbls/d) from 57,204 Bbls/d year-over-year, with natural gas liquids production increasing by 238% and natural gas output rising by 93% [5] Pricing and Costs - Average realized crude oil price was $62.2 per barrel, down 13% from $71.8 a year ago, while natural gas prices fell from $3.9 to $2.8 per million Btu [6] - Lifting expenses totaled $50.3 million, an 88.4% increase from $26.7 million year-over-year, with lifting costs per barrel of oil equivalent at $4.7, up 4% from the prior year [7] Financial Position - As of June 30, 2025, Vista Energy had $153.8 million in cash and short-term investments, with long-term debt at $1.9 billion and short-term debt at $698.4 million [8] - Capital expenditure for the quarter was $356.1 million, with net cash from operating activities reported as negative $9.4 million [8] Updated Guidance - The company raised its 2025 EBITDA forecast to $1.65-$1.85 billion, driven by enhanced production efficiency and the consolidation of La Amarga Chica [10][12] - Total production is expected to increase by 60% year-over-year to 112-114 Mboe/d for 2025, with an annualized rate of 125-128 Mboe/d in the second half of 2025 [12] - Capital expenditure guidance is set at $1.2 billion, with lifting costs projected to decline by 2% to $4.5/Boe [13]