The massive revenue and cash flow growth from the BSP/Bajo del Toro acquisition is the key driver. Monitor the next quarterly filing for organic production growth trends and the impact of the contingent consideration liability tied to Brent oil prices. The RIGI application in Argentina, if approved, could provide tax and investment incentives for further development.
Price Chart
Executive Summary
Vista Energy reported Q3 2026 nine-month revenue of $3.39B, up 93% YoY from $1.76B, and net profit of $739M, up 17% from $633M. The results reflect the full consolidation of the BSP and Bajo del Toro acquisition closed in May 2026, which contributed $356M in revenue and $224M in pre-tax profit. Operating cash flow surged to $1.86B from $361M. No consensus-based EPS or revenue comparison is possible as the reported EPS of $6.683 basic ($6.355 diluted) is for the nine-month period, not the single quarter, and the consensus estimate of $43.47 per ADS does not match the reported period or per-share figure.
Key Financial Metrics
Key Facts
- Nine-month revenue $3.39B, up 93% YoY from $1.76B
- Nine-month net profit $739M, up 17% from $633M
- Q3 2026 revenue $1.29B, up 83% from $706M in Q3 2025
- Q3 2026 net profit $298M, down 5% from $315M in Q3 2025
- Operating cash flow nine-month $1.86B vs $361M in prior year
- BSP and Bajo del Toro acquisition closed May 7, 2026 for $1.44B total consideration
- Acquisition contributed $356M revenue and $224M pre-tax profit since closing
- Total borrowings $3.64B, up from $3.15B at year-end 2025
- Cash and equivalents $779M, up from $526M at year-end 2025
- Share repurchases of $55M during the period
Financial Impact
Nine-month revenue increased by $1.64B (93% YoY) and operating cash flow increased by $1.50B (417% YoY), primarily driven by the BSP and Bajo del Toro acquisition and higher production volumes.
Risk Factors
- Contingent consideration liability of $308M based on future Brent oil prices and production, which could increase costs if oil prices rise
- Higher effective tax rate of 34% vs 27% in prior year, driven by Argentine tax adjustments and inflation
- Total debt increased to $3.64B, with interest expense up 62% to $183M
- Commodity risk management contracts recorded a $134M loss for the period
- Argentine peso depreciation of about 4% during the period creates FX exposure
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-436152 |
| Document: d168527d6k.htm | 0001193125-26-436152 |
| Document: 0001193125-26-436152-index-headers.html | 0001193125-26-436152 |
| Document: 0001193125-26-436152-index.html | 0001193125-26-436152 |
| Document: 0001193125-26-436152.txt | 0001193125-26-436152 |
| Earnings Context (Synthetic; results releases only) | 0001193125-26-436152 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 1d ago | 6-K | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 28, 2026 2d ago | 6-K | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 28, 2026 2d ago | 6-K | $71.58 | awaiting T+5 | awaiting T+5 | $70.45 (−1.58%) |
Oct 20, 2026 10d ago | 6-K | $70.66 $71.83 | ▲ +1.66% | ▲ +1.63% | $70.45 (−0.30%) |
Sep 23, 2026 5w ago | 6-K | $68.30 $64.63 | ▼ −5.37% | ▼ −4.96% | $70.45 (+3.15%) |
Sep 22, 2026 5w ago | 6-K | $70.25 $65.35 | ▲ +6.98% | ▲ +6.30% | $70.45 (−0.28%) |
Sep 8, 2026 7w ago | 6-K | $75.86 $76.41 | ▲ +0.72% | ▲ +1.39% | $70.45 (−7.13%) |
Aug 17, 2026 10w ago | 6-K | $72.16 $70.66 | ▼ −2.08% | ▼ −0.89% | $70.45 (−2.37%) |
Aug 14, 2026 11w ago | 6-K | $68.31 $69.58 | ▲ +1.86% | ▲ +3.23% | $70.45 (+3.13%) |
Aug 12, 2026 11w ago | 6-K | $66.01 $68.42 | ▲ +3.65% | ▲ +4.09% | $70.45 (+6.73%) |
US Market Status
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