Vista Energy, S.A.B. de C.V. has convened its annual ordinary general shareholders’ meeting for 10:00 a.m. on April 28, 2026, in Mexico City, at Torre Virreyes. The meeting will address matters on the formal agenda approved under Mexican corporate law and the company’s by-laws.
Shareholders must obtain an entry pass by presenting a deposit certificate issued by S.D. Indeval, together with any required supplementary list, at the company’s designated address no later than three business days before the meeting. They may attend in person or via an attorney-in-fact using the company’s proxy templates or a civil-law power of attorney. Related documents and proxy forms are available at the company’s offices and on its investor website.
Vista Energy, S.A.B. de C.V. submitted a Form 6-K indicating it has furnished its Fourth Quarter and Full Year 2025 webcast presentation as an exhibit. The filing mainly serves to make this investor presentation available to the market.
The document also reiterates the company’s standard forward-looking statement caution, directing readers to previously filed risk factors and other disclosures in its Form 20-F and Mexican regulatory filings. Investor relations contact details in Argentina and Mexico are provided for further enquiries.
Vista Energy, S.A.B. de C.V. submitted a Form 6-K to provide investors with access to its full-year and fourth quarter 2025 results, which are included as an exhibit to the report. The filing also reiterates standard forward-looking statement cautions, directing readers to existing risk factor disclosures in prior regulatory filings and on its websites.
Vista Energy submitted a Form 6-K providing investors with unaudited interim condensed consolidated financial statements as of December 31, 2025 and 2024. These statements cover both the full years and the three-month periods ended on those dates, offering an updated view of the company’s recent financial position and performance.
The filing also includes standard cautionary language about forward-looking statements, highlighting that future results may differ due to various risks and uncertainties. Vista directs investors to its Form 20-F and other filings, as well as its website and local regulatory sites, for additional risk and company information.
Vista Energy provides an update on its planned acquisition of Equinor’s assets in Argentina’s Vaca Muerta formation. Shell Argentina has waived its right of first refusal over a 30% working interest in the Bandurria Sur block, removing a key condition to closing the deal.
The transaction covers a 25.1% working interest in Bandurria Sur and a 35% interest in the Bajo del Toro block, acquired jointly by Vista and Vista Energy Argentina. Completion still depends on antitrust approval from Chile’s Fiscalía Nacional Económica related to crude exports to Chile. Vista and Equinor submitted the required documents on February 11, 2026, and Vista expects closing during Q2 2026, while warning that completion is not assured.
Vista Energy reported estimated and certified proved (P1) oil and gas reserves of 588.1 MMboe as of December 31, 2025, a 57% increase year-over-year. Proved developed reserves reached 232.5 MMboe and proved undeveloped reserves 355.7 MMboe, supported by 698 proved net well locations.
Including acquisitions, additions to P1 reserves were 255.1 MMboe, implying a reserve replacement ratio of 605%, while the organic reserve replacement ratio was 260%. With 2025 production of 42.1 MMboe, implied P1 reserves life was 14.0 years.
Average Q4 2025 production was 135,414 boe/d, up 7% quarter-over-quarter, and full-year 2025 production averaged 115,479 boe/d, a 66% increase, driven by shale oil development and the acquisition of a 50% working interest in La Amarga Chica. Discounted future net cash flows from proved reserves, at a 10% rate, amounted to 6,607 $.
Al Mehwar Commercial Investments LLC and its parent Abu Dhabi Investment Council Company P.J.S.C. report beneficial ownership of 2,892,409 Vista Energy American Depositary Shares, representing 2.8% of the class. Both entities share voting and dispositive power over these ADS.
The 2.8% figure is based on 104,301,055 Series A shares outstanding as of February 2, 2026. The investors certify the holdings were not acquired and are not held to change or influence control of Vista Energy, but instead as a passive investment.
Vista Energy outlines a major corporate reorganization centered on acquiring interests in two shale blocks in Argentina’s Vaca Muerta formation. Vista and Vista Argentina will buy 100% of Equinor Argentina S.A.U. (30% working interest in Bandurria Sur) and 50% of the non-operating working interest in Bajo del Toro, then assign part of these interests to YPF. Net cash consideration after YPF’s assignments is US$712 million, within a gross cash price of US$875 million, funded with company cash and a new US$600 million four‑year syndicated credit facility. After closing, Vista expects to hold a 25.1% non‑operating interest in Bandurria Sur and 35.0% in Bajo del Toro, adding about 54.0 MMboe of proved reserves and third‑quarter 2025 production of 21,869 boe/d to its existing 375.2 MMboe of proved reserves and 126,752 boe/d of production. The acquired assets showed strong profitability, with nine‑month 2025 revenues of US$292 million and Adjusted EBITDA of US$190 million at Vista’s pro forma 83.7% stake, implying a 65% Adjusted EBITDA margin and low lifting costs of US$4.7/boe. Vista highlights attractive transaction multiples versus its own (EV/EBITDA 3.0x vs. 5.2x) and expects operational synergies and expanded export capacity through pipeline and terminal rights and a three‑year crude offtake agreement.
Vista Energy plans a major expansion in Argentina’s Vaca Muerta play by acquiring Equinor’s interests in two key blocks. Vista and its subsidiary agreed to buy a 25.1% non-operating working interest in the Bandurria Sur block and a 35.0% non-operating working interest in the Bajo del Toro block, plus related midstream capacity.
The consideration at closing is approximately US$712 million, split between about US$387 million in cash and 6,223,220 ADSs priced at US$52.2 each, subject to customary adjustments. Additional contingent payments over five years depend on production and Brent oil prices above US$65 per barrel, capped at US$15 per barrel. Funding combines cash and a new four-year credit facility of up to US$600 million. On a Q3-25 basis, the acquired interests contribute 21,869 boe/d of production, 54 MMboe of P1 reserves and, on a 9M-25 annualized basis, US$391 million of revenues and US$269 million of adjusted EBITDA at Vista’s adjusted stake.
A holder of VIST common stock has filed a Rule 144 notice to sell 50,000 shares. The planned sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate market value of $2,972,000, on the NYSE around 01/29/2026.
The 50,000 common shares were originally acquired on 04/04/2018 as “Sponsor Shares” from the issuer, with the same date listed for payment and no special payment terms disclosed. The form also includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.