The chart below shows how VIST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VIST sees a -4.58% change in stock price 10 days leading up to the earnings, and a -1.73% change 10 days following the report. On the earnings day itself, the stock moves by +1.44%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Production Increase Highlights: 1. Significant Production Growth: Total production reached 72,800 BOEs per day, marking a 47% increase year-over-year and a 12% increase quarter-over-quarter.
Revenue Surge: 2. Strong Revenue Performance: Total revenues for Q3 2024 were $462 million, a 53% increase compared to the same quarter last year and 17% higher than the previous quarter.
Strong EBITDA Growth: 3. Robust Adjusted EBITDA: Adjusted EBITDA was $310 million, reflecting a 37% year-over-year increase, driven by strong production growth and lower lifting costs.
Well Connection Progress: 4. Successful Well Activity: The company connected 12 new wells in Q3 and 40 new wells year-to-date, on track to meet its annual guidance of 50 to 54 new wells.
Strong Balance Sheet: 5. Healthy Financial Position: The net leverage ratio stood at a solid 0.65 times adjusted EBITDA, indicating a strong balance sheet and financial health.
Negative
Negative Cash Flow Impact: 1. Negative Free Cash Flow: Free cash flow during the quarter was negative at $74 million, primarily due to increased cash used in investing activities as capital expenditures ramped up.
Rising Lifting Costs: 2. Increased Lifting Costs: Lifting costs per BOE increased by 5% sequentially to $4.7, driven by higher costs in gathering, processing, gas compression, and power generation despite a 12% increase in production.
Increased Capital Spending: 3. Higher Capital Expenditures: Capital expenditures rose to $369 million in Q3, up from $346 million in Q2, despite similar well drilling and completion levels, indicating inefficiencies in cost management.
Oil Price Decline: 4. Declining Realized Oil Prices: Realized oil prices decreased by 5% sequentially to $68.4 per barrel, reflecting softer international prices despite a 1% increase year-over-year.
Withdrawal of Future Guidance: 5. Withdrawal of 2026 Guidance: The company withdrew its 2026 guidance, indicating uncertainty in long-term planning and potential challenges in meeting future production targets.
Vista Energy, S.A.B. de C.V. (VIST) Q3 2024 Earnings Call Transcript
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