Vista raises 2026-2028 free cash flow target to USD 2.8 billion

• Vista Energy set 2026-2028 targets for production of 160 Mboe/d in 2026, 180 Mboe/d in 2027, 208 Mboe/d in 2028.
• Capital spending forecast of USD 1.5-1.6 billion per year in 2026-2028, versus USD 1.8 billion in 2025.
• Adjusted EBITDA outlook of USD 1.9 billion in 2026, USD 2.5 billion in 2027, USD 2.8 billion in 2028.
• Free cash flow expected at USD 2.8 billion cumulatively in 2026-2028, up from a prior USD 1.5 billion target.
• Base case assumes Brent at USD 85/bbl in Q2-Q4 2026, USD 80/bbl in 2027, USD 75/bbl in 2028.

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