Vista Energy reported the results of its annual ordinary shareholders’ meeting. Shareholders holding 67,745,094 of 105,219,182 voting shares (64.38% of capital) were represented, so the meeting was validly convened.
They ratified a reduction of the variable portion of capital equivalent to US$156,587,498 to absorb losses for the ten months ended October 31, 2025. The 2025 CEO, board and committee reports and audited IFRS financial statements were all approved. For 2026, directors (excluding the chairman/CEO) will receive US$80,000 in fees plus 6,000 Series A shares or ADSs, with an extra US$30,000 for certain committee chairs, subject to attendance conditions. Shareholders also approved allocating US$2,327,478 (5% of net profit) to the legal reserve and authorized up to US$150,000,000 for share repurchases in 2026, with unused capacity available in 2027.
Vista Energy filed its Form 20-F for the year ended December 31, 2025, presenting audited consolidated financial statements under IFRS in U.S. Dollars and detailing operations mainly in Argentina and Mexico. The company reports 104,299,703 outstanding series A shares and 2 series C shares.
Vista has ceased to be an emerging growth company as of December 31, 2023, so its auditor now must attest to internal control effectiveness under SOX 404(b). The filing explains extensive use and updated definitions of non‑IFRS measures such as Adjusted EBITDA, Adjusted Net Income, ROACE, Net Debt and Net Leverage Ratio.
Key risks center on oil and gas price volatility, capital‑intensive operations, concentration of reserves in Argentina, limited midstream capacity, geopolitical conflicts (including Russia‑Ukraine and Middle East tensions), U.S. trade policy shifts, climate‑transition pressures, and regulatory and macroeconomic uncertainty in Argentina and Mexico.
Vista Energy director Losada German Nicanor exercised 6,000 Restricted Stock Units into Series A shares on April 9, 2026. These units converted into 6,000 Series A shares, then 2,100 shares were withheld at $65.08 per share to cover tax obligations, leaving 3,900 net new shares.
After these transactions, he directly owned 259,204 Series A shares represented by 259,204 American Depositary Shares, with each ADS corresponding to one Series A share. The filing reflects routine equity compensation activity rather than open‑market buying or selling.
Vista Energy director Pierre Jean Sivignon exercised equity awards and had shares withheld for taxes. On April 9, 2026, he exercised 6,000 Restricted Stock Units, receiving the same number of Series A shares at a reported price of $0.00 per share. In a related transaction, 1,500 Series A shares were disposed of at $65.08 per share to satisfy tax obligations, a non-market "F" code tax-withholding disposition rather than an open-market sale. Following these transactions, Sivignon directly holds 109,500 Series A shares, represented by 109,500 American Depositary Shares, consolidating his equity position in the company.
Vista Energy, S.A.B. de C.V. director Martellozo Gerard exercised equity awards and had shares withheld for taxes. On April 9, 2026, he exercised 6,000 Restricted Stock Units, receiving the same number of Series A shares. To cover tax obligations, 1,500 Series A shares were disposed of at $65.08 per share through tax withholding, a non-market transaction. After these actions, he directly held 37,000 Series A shares, represented by 37,000 American Depositary Shares, with each ADS equal to one Series A share.
Vista Energy director Mauricio Doehner Cobian exercised 6,000 Restricted Stock Units into Series A shares. These RSUs converted on April 9, 2026, with each unit delivering one Series A share or its cash value.
On the same date, 2,100 Series A shares were disposed of at $65.08 per share to satisfy tax obligations, a non-market sale mechanism. After these transactions, he directly held 57,528 Series A shares, including 14,628 shares and 42,900 shares represented by 42,900 ADSs, reflecting a routine compensation-related exercise-and-tax-withholding pattern rather than an open-market trade.
Vista Energy director Susan Segal exercised Restricted Stock Units into common equity. On April 9, 2026, she converted 6,000 Restricted Stock Units, each representing one Series A share or cash value, into 6,000 Series A Shares at a stated price of $0.00 per share.
Following this derivative exercise, Segal directly held a total of 178,983 Series A Shares, including 112,983 Series A Shares held directly and 66,000 Series A Shares represented by 66,000 American Depositary Shares. The filing shows no share sales or dispositions in this transaction, indicating an exercise-and-hold pattern rather than an exercise-and-sell.
Vista Energy reported that its main subsidiary, Vista Energy Argentina S.A.U., has priced U.S.$500,000,000 of 7.875% senior notes due 2038 governed by New York law. The offering, conducted under Rule 144A and Regulation S, is expected to close on April 8, 2026.
The notes will have an average weighted life of eleven years, with principal repaid in installments on the tenth, eleventh and twelfth anniversaries of issuance. The transaction is made under Vista Argentina’s U.S.$4,000,000,000 global simple non-convertible debt securities program authorized by the Argentine securities regulator.
Vista Energy announced it will release its consolidated financial statements for the first quarter of 2026 on Wednesday, April 29, 2026, after markets close. The company will discuss these results via a webcast on Thursday, April 30, 2026, at 9:00 am Mexico City time.
The webcast will be accessible through Vista Energy’s investor relations website. The company also reiterates that statements about future events are forward-looking and subject to risks and uncertainties described in its annual report on Form 20-F and other regulatory filings.
Vista Energy, S.A.B. de C.V. executive Juan Maria Garoby, Chief Technology Officer, filed an initial ownership report showing direct holdings of 1,438,504 Series A shares, including 633,816 American Depositary Shares. He also reports employee stock options over 61,861 shares at $7.05 expiring in 2032 and 293,609 shares at $52.30 expiring in 2035, along with 9,387 restricted stock units and 149,659 performance stock units that may vest beginning in 2027 and 2028, subject to conditions.