The company he founded Miguel GalluccioVista Energy held its conference with investors today and announced that it will be within the next three years It will invest 4.5 billion US dollars To increase 60% Production and realization 180 thousand barrels of oil equivalent per day – including gas – in 2028. This number currently equates to 127 thousand barrels of oil equivalent per day.
Since this year, Vista has established itself as The second largest oil producer in the countryafter a 73% year-on-year jump driven by the acquisition of 50% of the block Bitter girlin Vaca Muerta, Malay style Petronas. Today, it produces 110,000 barrels per day It is only behind YPF (240,000 barrels), having invested more than… 6 billion US dollars In Argentina since its establishment in 2017.
As the company has become Main source of crude oilWith shipments abroad amounting to 70 thousand barrels per day. And with this rhythm, the project Export revenues $8 billion In the next three years.
“We are entering a new phase of growth that will take Vista to an even higher level, supported by everything we have built so far. In a global context where energy demand continues to grow, Efficient, low-cost producers, like us, will make the difference. “Fostering a culture of high performance and resilience with a world-class team has been key to continuing to lead the development of Vaca Muerta,” said Galluccio, CEO of Vista Energy.
The company presented its third-quarter results a few days ago, announcing free cash flow (cash flow) negative $29 million. According to the new strategic plan, between 2026 and 2028 Vista It expects to generate free cash flow of $1.5 billion annuallywith the average price of Brent crude – the global reference price – Between US$65 and US$70higher than the current level, which is still below 63 USD.
“This level of cash generation will allow us to maintain growth and strengthen the financial structure Maintaining long-term investment capacity“The company said in a statement.
Similarly, the company reported EBITDA – earnings before taxes, interest, depreciation and amortisation – With a value of 472 million US dollarswhich represents an increase of 17% compared to the previous quarter and year-over-year growth of 52%. By 2028, The company expects this variable to increase to $2.8 billion annuallyWhich means an increase of 75% compared to its forecast for 2025.
the Extraction costs located in 4.4 US dollars per barrelapproximately half of those in YPF (8.8 USD), because Vista focuses exclusively on non-traditional production, and focuses on training Dead cow.
the Net debt Oil company shut down 2,608 million US dollarsWith a leverage ratio – the relationship between debt and assets – of 1.5 times.
“Since announcing the first strategic plan in 2021, Vista has tripled its production and adjusted EBITDA four times, rising from $380 million to US$1.6 billion in 2025. In addition, the value of its shares expanded at a compound annual rate of 73%, placing it among the best-performing energy companies in the world.
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