Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q1 2026 Earnings Presentation
12 slides from Vista Energy Sab De Cv Class A's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Earnings Webcast
First Quarter 2026 Earnings Webcast April 30, 2026
Slide 2: About projections and forward-looking statements
02 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.vistaenergy.com.
Slide 3: Robust operational and financial performance
03 Robust operational and financial performance Q1 2026 HIGHLIGHTS Production Oil Production Revenues (1) Lifting Cost CAPEX 135 Mboe/d 117 Mbbl/d 694 $MM 4.3 $/boe 391 $MM +67% y-o-y +68% y-o-y +58% y-o-y -8% y-o-y +46% y-o-y -1% q-o-q -1% q-o-q +1% q-o-q +6% q-o-q +10% q-o-q Adj. EBITDA Net Income
Slide 4: Strong interannual production growth
04 Strong interannual production growth Production (1) Q1-26 monthly production (1) Mboe/d Mboe/d +67% +12% 143.2 135.4 134.7 133.6 127.4 Increase in total 80.9 production driven by Net wells 10 6 7 the consolidation of a tied-in 50% WI in La Amarga Chica and organic growth Q1-25 Q4-25 Q1-26 Jan-26
Slide 5: Robust y-o-y revenue growth
05 Robust y-o-y revenue growth Revenues (1) (2) Avg. realized oil price (2) $MM $/bbl +58% -12% 68.6 689 694 58.9 60.1 438 Q1-25 Q4-25 Q1-26 Q1-25 Q4-25 Q1-26 3.2 7.1 7.2 % of oil in total 96% 97% 97% Oil exports (MMbbl) net revenues As % of oil sales Avg. realized natural volume 55% 64% 67% 2.5 1.8
Slide 6: Continuing to deliver efficiency gains
06 Continuing to deliver efficiency gains Lifting cost per boe (1) Selling expenses per boe (2) $/boe $/boe -8% -41% 4.7 6.4 4.3 4.1 4.2 3.8 135.4 134.7 80.9 Q1-25 Q4-25 Q1-26 Q1-25 Q4-25 Q1-26 Lifting cost per boe Total production (Mboe/d) ✓ Interannual decrease in lifting cost reflects focus on ✓
Slide 7: Strong interannual growth in Adj. EBITDA and margins
07 Strong interannual growth in Adj. EBITDA and margins Adj. EBITDA Adj. EBITDA Margin (1) Netback $MM % $/boe +64% +3 p.p. 64% 65% 37.8 451 62% 35.6 37.2 444 275 68.6 58.9 60.1 Q1-25 Q4-25 Q1-26 Q1-25 Q4-25 Q1-26 Q1-25 Q4-25 Q1-26 Adj. EBITDA margin Avg. realized oil price ($/bbl) ✓ Adj. EBITDA inc
Slide 8: We maintain our positive FCF forecast for 2026
08 We maintain our positive FCF forecast for 2026 Q1 2026 cash flow evolution Q1 2026 Recurring free cash flow $MM $MM 700 86 418 615 600 538 100 500 -,- 206 400 (10) (100) 300 (200) 46 200 80 (427) (300) 100 (341) (400) -,- Beginning of Operating Investing Financing End of period Q1 2026 Equinor In
Slide 9: Updating our 2026 guidance to reflect production upside and higher oil prices
09 Updating our 2026 guidance to reflect production upside and higher oil prices OPERATIONAL UPDATE FINANCIAL UPDATE M&A UPDATE Adj. EBITDA (2) All conditions $Bn Updated guidance Previous guidance (1) precedent of the Production 2.9 Equinor Transaction 143 2.6 2.3 +0.7 have been met; Mboe/d 1.9 clo
Slide 10: Closing remarks
10 Closing remarks Solid execution of annual Updated our 2026 work program delivered guidance, reflecting more material production growth and a material growth during the quarter increase to Adj. EBITDA and FCF projections M&A-driven new scale Additional FCF will allow places us in an excellent us t
Slide 11: THANKS! Q&A
THANKS! Q&A
Slide 12: Glossary
12 Glossary ▪ $: U.S. Dollars ▪ $MM: Million U.S. Dollars ▪ $Bn: Billion U.S. Dollars ▪ $/bbl: U.S. Dollars per barrel of oil ▪ $/boe: U.S. Dollars per barrel of oil equivalent ▪ Adj. EBITDA: Profit for the period, net + Income tax (expense) / benefit + Financial income (expense), net + Depreciation
Vista Energy, S.A.B. de C.V. — Q1 2026 Earnings Presentation on 6ix