Vista Energy doubles Q2 revenue to $1.23B as Equinor Vaca Muerta deal closes, adding scale
VIST has more than doubled off its 52-week low of $31.63.
Summary
Vista Energy's Q2 2026 revenue nearly doubled to $1.23B, reflecting the first full quarter including the Equinor Vaca Muerta assets. The $1.44B acquisition closed in May, funded partly with $409M in stock, and the company reported H1 net profit of $441M.
Key Events · Earnings and Guidance · VIST
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Q2 Revenue Doubles to $1.23B
Revenue reached $1,234.9M in Q2 2026, up 102% from $610.5M in Q2 2025, driven by higher production from the Equinor assets and strong oil prices.
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H1 Net Profit Rises 38% to $441M
Net profit for the first half of 2026 was $440.7M, compared to $318.1M in H1 2025, with diluted EPS of $3.93 vs. $3.03.
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Equinor Vaca Muerta Acquisition Closes
The $1.44B acquisition of Equinor's Vaca Muerta assets closed on May 7, 2026, adding a 30% non-operated interest in Bandurria Sur and a 50% interest in Bajo del Toro. Consideration included $722M cash, $409M in newly issued ADSs, and a $308M contingent liability.
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Non-Controlling Interest Recognized from YPF Sale
Vista sold a 16.3% stake in the acquired entity to YPF for $203.9M cash plus a $62.3M receivable, resulting in a $190M non-controlling interest on the balance sheet.
Analysis · VIST · Energy & Transportation
Second-quarter revenue nearly doubled year-over-year to $1.23 billion, fueled by the integration of the Equinor Vaca Muerta assets acquired in May. The $1.44 billion deal was partially funded with $409 million in newly issued shares and brings significant production and reserves onto the books. A $308 million contingent consideration liability tied to future oil prices was also recognized. With first-half net profit up 38% to $441 million and operating cash flow exceeding $1 billion, the financial position is strengthening—though the increased debt load and contingent payments warrant attention. The filing further confirms the sale of a 16.3% stake to YPF and the transfer of conventional assets, sharpening the focus on the core Vaca Muerta unconventional play.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 42.4% of the 517 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VIST was trading at $63.98 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $31.63 to $81.44. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.