Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q2 2026 Earnings Presentation
11 slides from Vista Energy Sab De Cv Class A's earnings presentation, Jul 17, 2026
Slide 1: Second Quarter 2026 Earnings Webcast
Second Quarter 2026 Earnings Webcast July 17, 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: Completed another acquisition, leading to a material increase in scale
03 Completed another acquisition, leading to a material increase in scale Q2 2026 HIGHLIGHTS Production Oil Production Revenues (1) Lifting Cost CAPEX 156 Mboe/d 135 Mbbl/d 1,154 $MM 4.5 $/boe 467 $MM +32% y-o-y +33% y-o-y +89% y-o-y -4% y-o-y +31% y-o-y +16% q-o-q +16% q-o-q +66% q-o-q +4% q-o-q +1
Slide 4: Strong interannual production growth
04 Strong interannual production growth Production (1) Production breakdown (1) (2) Mboe/d Mboe/d +32% +16% +20% +12% 156.1 14.2 156.1 134.7 23.8 118.0 118.0 Increase in total production driven by organic growth and the consolidation of 25.1% WI in Bandurria Sur and 35% WI in Q2-25 Organic BS and Bd
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 +89% +44% +66% +49% 89.4 1,154 62.2 60.1 694 611 Q2-25 Q1-26 Q2-26 Q2-25 Q1-26 Q2-26 5.6 7.2 8.6 % of oil in total 96% 97% 97% Oil exports (MMbbl) net revenues As % of oil sales Avg. realized natural volume 61% 67%
Slide 6: Best-in-class, low-cost operator
06 Best-in-class, low-cost operator Lifting cost per boe (1) Selling expenses per boe (2) $/boe $/boe -4% +8% 4.1 4.7 4.5 3.8 3.8 4.3 156.1 134.7 118.0 Q2-25 Q1-26 Q2-26 Q2-25 Q1-26 Q2-26 Lifting cost per boe Total production (Mboe/d) ✓ Interannual decrease in lifting cost reflects focus on ✓ Intera
Slide 7: Strong interannual and sequential growth in Adj. EBITDA and margins
07 Strong interannual and sequential growth in Adj. EBITDA and margins Adj. EBITDA Adj. EBITDA Margin (1) Netback $MM % $/boe +99% +3 p.p. +51% +79% +5 p.p. +53% 70% 56.7 805 66% 65% 89.4 37.7 37.2 451 405 62.2 60.1 Q2-25 Q1-26 Q2-26 Q2-25 Q1-26 Q2-26 Q2-25 Q1-26 Q2-26 Adj. EBITDA margin Avg. realiz
Slide 8: Material FCF generation in the quarter
08 Material FCF generation in the quarter Q2 2026 cash flow evolution $MM FCF, ex. M&A 491 $MM 1,800 985 1,600 1,400 Capex + others (494) 1,200 1,000 (392) M&A 800 615 (886) 605 600 (110) 400 200 -,- Beginning of Operating Investing Financing End of period period cash activities cash activities cash
Slide 9: Closing remarks
09 Closing remarks Increased scale through Recorded material robust organic growth increases in Adj. EBITDA and another accretive and Free Cash Flow acquisition generation On track to deliver our Plan is resilient to oil 2026 guidance across all price volatility: for key operating and every 10 $/bbl
Slide 10: THANKS! Q&A
THANKS! Q&A
Slide 11: Glossary
11 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. — Q2 2026 Earnings Presentation on 6ix