Significant Production Increase
Total production was 72,800 BOEs per day, marking a 47% year-over-year increase and 12% quarter-over-quarter growth. Oil production specifically increased by 53% year-over-year.
Revenue and EBITDA Growth
Total revenues for the quarter reached $462 million, showing a 53% increase year-over-year. Adjusted EBITDA was $310 million, a 37% increase compared to the same quarter last year.
Export Strategy Success
Vista exported 3.5 million barrels of oil during the quarter, which is 57% more than the previous year. 72% of total oil sales were at export parity prices.
Guidance Update
Updated 2025 guidance with a forecast of total production between 95,000 and 100,000 barrels of oil per day, indicating more than a 40% growth.
Operational Milestones
Secured oil midstream capacity of 124,000 barrels per day by year-end 2025 and secured a third drilling rig and a second frac set.