Vista Energy: Remains A Strong Buy As Cash Keeps On Flowing

Vista Energy, S.A.B. de C.V. is reaffirmed as a Strong Buy due to robust execution, high oil exposure, and double-digit organic growth. Q2 2026 production surged 16% sequentially and 32% year-over-year, with 87% oil output and significant margin expansion from low costs. EBITDA margin reached 70%, with net income up 199% quarter-over-quarter and free cash flow approaching $500 million in one quarter. With EV at $10 billion and FCF potentially $1.5–2 billion for the year, VIST's balance sheet is strengthening as leverage falls.