Vista net profit rises 50.5% in 2025

Vista Energy, whose operations are focused on Argentina’s Vaca Muerta unconventional hydrocarbon formation, reported a net profit of $719 million last year, up 50.5% from 2024.

According to the company’s financial results released on Wednesday, Vista posted net earnings of $85.6 million in the fourth quarter of 2025, below the $93.7 million recorded in the same period of 2024.

The company reported operating profit of $1.2508 billion in 2025, doubling its 2024 operating earnings of $625.4 million. In the fourth quarter, operating profit reached $212.7 million, compared with $129.4 million in the same period of 2024.

Last year, adjusted EBITDA totaled $1.596 billion, a 46% increase compared with 2024.

Meanwhile, the company’s net revenues reached $2.444 billion in 2025, rising 48% year-on-year, driven “by growth in oil production in operated blocks and the acquisition of La Amarga Chica,” the company said in a statement.

The company, chaired by Argentine executive Miguel Galuccio, said its total hydrocarbon production last year averaged 115,479 barrels of oil equivalent per day (boe/d), a 66% increase from the previous year.

Vista, whose oil production reached 100,104 barrels per day last year, has consolidated its position as Argentina’s second-largest unconventional oil operator. The company invested $1.331 billion last year to drill and bring online 74 unconventional oil wells.

Vista has invested around $6.5 billion in Vaca Muerta to date.