Vista Energy, S.A.B. de C.V. (NYSE:VIST) Q3 2023 Results Conference Call October 25, 2023 9:00 AM ET

Company Participants

Alejandro Chernacov - Strategic Planning and IR Officer

Miguel Galuccio - Chairman and CEO

Conference Call Participants

Rodrigo Nistor - Latin Securities

Walter Chiarvesio - Santander

Oriana Covault - Balanz

Operator

Good day. And thank you for standing by. Welcome to the Vista’s Third Quarter 2023 Earnings Webcast. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Alejandro Chernacov, Strategic Planning and Investor Relations Officer. Please go ahead.

Alejandro Chernacov

Thanks. Good morning, everyone. We are happy to welcome you to Vista’s third quarter 2023 results conference call.

I am here with Miguel Galuccio, Vista’s Chairman and CEO; Pablo Vera Pinto, Vista’s CFO; and Juan Garoby, Vista’s COO.

Before we begin, I would like to draw your attention to our cautionary statement on slide 2. Please be advised that our remarks today, including the answers to your questions, may include forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from expectations contemplated by these remarks. Our financial figures are stated in U.S. dollars and in accordance with International Financial Reporting Standards, IFRS. However, during this conference call, we may discuss certain non-IFRS financial measures such as adjusted EBITDA and adjusted net income. Reconciliations of these measures to the closest IFRS measures can be found in our earnings release that we issued yesterday. Please check our website for further information.

Our company, Vista is a sociedad anonima bursatil de capital variable organized under the laws of Mexico, registered in Bolsa Mexicana de Valores and the New York Stock Exchange. Our tickers are VISTAA in the Bolsa Mexicana de Valores and VIST in the New York Stock Exchange.

I will now turn the call over to Miguel.

Miguel Galuccio

Thanks, Ale. Good morning, everyone, and welcome to this earning call.

Today, I’m pleased to present our results for the third quarter of 2023, during which we recorded strong growth on a sequential basis. During Q3 we focused on drilling and completion activity in Bajada del Palo Oeste. This led to a sequential growth in both, oil and total production that allowed us to largely replace the production from the conventional assets we transferred in Q1 2023.