Q4 2024 Vista Energy SAB de CV Earnings Call Transcript
Key Points
- Vista Energy SAB de CV (VIST) achieved a 51% increase in total production in Q4 2024 compared to the same quarter last year, driven by new oil activity in Vaca Muerta.
- The company reported a 52% year-over-year increase in total revenues for Q4 2024, reaching $471 million.
- Vista Energy SAB de CV (VIST) successfully ramped up its new well activity from 31 new wells in 2023 to 50 in 2024, supporting robust production growth.
- The company achieved a significant reduction in greenhouse gas emissions, with a 44% decrease in emission intensity compared to the previous year.
- Vista Energy SAB de CV (VIST) delivered an 83% increase in share price from year-end 2023 to year-end 2024, reflecting strong shareholder returns.
- Adjusted EBITDA for Q4 2024 was 5% lower on an inter-annual basis, partly due to a decrease in income from the repatriation of export proceeds.
- The company faced an 8% year-over-year increase in lifting costs per BOE, driven by inflation in US dollars and increased oilfield expenditures.
- Realized oil prices were slightly lower, with a 1% decrease on an inter-annual basis and a 2% decrease sequentially, impacting revenue growth.
- Vista Energy SAB de CV (VIST) experienced a temporary increase in trucking expenditures, which impacted sales expenses by $25 million on a sequential basis.
- The company anticipates flat to slightly lower production in Q1 2025 due to logistical challenges and delays in well connections.
Thank you for standing by, and welcome to Vista's fourth-quarter and full-year 2024 earnings conference call. (Operator Instructions)
I would now like to hand the call over to Alejandro Cherñacov, Strategic Planning and Investor Relations Officer. Please go ahead.
Thanks. Good morning, everyone. We are happy to welcome you to Vista's fourth-quarter and full-year 2024 results conference call. I am here with Miguel Galuccio, Vista's Chairman and CEO; Pablo Vera Pinto, Vista's CFO; Juan Garoby, Vista's CTO; and MatÃas Weissel, Vista's COO.
Before we begin, I would like to draw your attention to our cautionary statement on slide 2. Please be advised that our remarks today, including the answers to your questions, may include forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from expectations contemplated by these remarks.
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