Vista Energy Set for 50% Revenue Surge in 2024 Amid Rising Production and Oil Prices

After navigating a difficult 2023, Argentine oil driller Vista Energy (NYSE: VIST) is set for a robust recovery in 2024. The company saw a -2% dip in total revenue year-over-year in 2023, largely impacted by lower oil prices and sluggish production growth. However, according to Visible Alpha consensus estimates, Vista is projected to see a 50% surge in revenue year-over-year in 2024, reaching $1.8 billion, fueled by accelerating production and higher price realizations, thanks to an improving domestic crude market.

Production is expected to jump significantly, with total crude oil production forecasted to rise by +41% in 2024 to 26 million barrels of oil equivalent (MMboe)—up from a modest +5% growth in 2023. In addition, prices for crude oil and natural gas liquids (NGL) are projected to climb +9% and +28% year-over-year, respectively, supporting the company’s strong growth outlook.