Vista Energy, S.A.B. de C.V. Overview
Pro stress-test →Vista Energy engages in the exploration and production of oil and gas in Latin America, with principal assets in the Vaca Muerta play in Argentina's Neuquén Basin, and producing assets in both Argentina and Mexico. In Q1 2026, total revenues reached $694.3 million, 58% above Q1 2025, driven primarily by oil production growth.
Strategic Profile
Pro stress-test →The company reported proved reserves of 588.1 million barrels of oil equivalent as of December 31, 2025, reflecting a 57% year-over-year increase. Adjusted EBITDA for Q1 2026 was $450.8 million, a 64% increase year-over-year, driven by 67% production growth. The company maintains full-year CapEx guidance of $1.5B–$1.6B, with an Equinor Argentina acquisition expected to close in early May 2026.
Competitive Landscape
Pro stress-test →Vista Energy competes as a mid-cap unconventional producer in Latin America's oil & gas sector. Primary competitors include other regional producers and international majors with Vaca Muerta or Mexico positions. Vista's competitive advantages include concentrated Vaca Muerta exposure, strong reserve growth, and improving unit economics, though it faces competition from larger integrated producers and commodity-linked valuation pressures.
Industry Context
Vista Energy, S.A.B. de C.V. operates in Unconventional oil and gas exploration and production.
Key facts
Founded: 2017 · Headquarters: Mexico City, Mexico · Employees: 584 · Revenue: $694.3M (Q1 2026) · Market cap: $7.8B