The consensus EPS estimate of $43.47/ADS is not comparable to the reported $2.65/share ordinary EPS. Monitor the Q3 2026 webcast on October 29 for management's outlook on production growth, capex plans, and the impact of the Bandurria Sur and Bajo del Toro acquisitions on future results.
Price Chart
Executive Summary
Vista Energy reported Q3 2026 results with total revenues of $1,234.1M (net of commodity contracts and sea freight), up 75% YoY and 7% QoQ, driven by 34% oil production growth and 30% higher realized oil prices. Adjusted EBITDA rose 78% YoY to $841.5M with a 68% margin. GAAP net income was $293.5M, down 7% YoY due to higher income tax expense and the absence of a prior-year $288.1M acquisition gain. EPS was $2.65/share, below the consensus estimate of $43.47/ADS, but the consensus is per ADS in USD while the release reports EPS per ordinary share in USD, making them not comparable.
Key Financial Metrics
Key Facts
- Total production of 169,023 boe/d, up 33% YoY and 8% QoQ
- Oil production of 147,126 bbl/d, up 34% YoY and 9% QoQ
- Total revenues (net) of $1,183.9M, up 72% YoY and 7% QoQ
- Adjusted EBITDA of $841.5M, up 78% YoY; margin 68%
- GAAP net income of $293.5M, down 7% YoY from $315.3M
- EPS of $2.65/share vs $3.01/share in Q3 2025
- Adjusted EPS of $2.16/share vs $1.48/share in Q3 2025
- Free cash flow of $334.2M
- Net leverage ratio of 1.12x, down from 1.83x in Q3 2025
- Share repurchases of $55.4M during the quarter
Financial Impact
Revenue up 75% YoY to $1,234.1M; Adjusted EBITDA up 78% YoY to $841.5M; GAAP net income down 7% YoY to $293.5M
Risk Factors
- Higher income tax expense ($211.8M vs $122.2M in Q3 2025) compressed net income despite strong operational growth
- Average realized oil price declined 6% QoQ to $84.2/bbl, reflecting lower Brent prices
- Lifting cost per boe increased 6% YoY due to inflation in peso-denominated costs
- Exposure to Argentine macroeconomic conditions, including inflation and currency controls
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-436174 |
| Document: d167189d6k.htm | 0001193125-26-436174 |
| Document: 0001193125-26-436174-index-headers.html | 0001193125-26-436174 |
| Document: 0001193125-26-436174-index.html | 0001193125-26-436174 |
| Document: 0001193125-26-436174.txt | 0001193125-26-436174 |
| Earnings Context (Synthetic; results releases only) | 0001193125-26-436174 |
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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