Company: VIST
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001193125-25-076856
Chunk: 47

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 5
Chunk 47
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 68% of our sales were conducted at export parity prices, an increase from 57% in 2023. 
 Revenues from natural gas increased to US$71.8 million during the year ended December 31, 2024, compared to US$67.3 million during the year ended December 31, 2023, which represented 4% and 6% of our total revenue from contracts with customers, respectively. Such increase was primarily driven by a 17% increase in natural gas sales volumes and partially offset by a 9% decrease in realized natural gas prices. 
 Total volume of natural gas sold increased to 3.9 MMboe during the year ended December 31, 2024, compared to 3.3 MMboe during the year ended December 31, 2023. 
 The average realized natural gas sales price was US$3.2/MMBtu during the year ended December 31, 2024, a 9% decrease compared to US$3.5/MMBtu during the year ended December 31, 2023. Such decrease was mainly driven by lower prices to industrial customers at US$1.9/MMBtu in 2024, compared to US$2.3/MMBtu in 2023. 
 Revenues from NGL decreased to US$2.9 million during the year ended December 31, 2024, compared to US$4.2 million during the year ended December 31, 2023, which represented less than 1% of our total revenue from contracts with customers during both periods. 
 
110 

 During the year ended December 31, 2024, 99% of our revenue was generated by our oil and gas properties in Argentina, as well as during the year ended December 31, 2023. 
 Cost of Sales 
 

                                                                      For the year                        For the year             
                                                                      ended December 31,                  ended December 31,       
                                                                      2024                                2023                     
                                                                      (in thousands of US$)                                        
Operating costs                                                                    (116,526   )                         (94,685   )
Crude oil stock fluctuation                                                           1,720                              (2,058   )
Depreciation, depletion and amortization                                           (437,699   )                        (276,430   )
Royalties and others                                                               (243,950   )                        (176,813   )
Other non-cash costs related to the transfer of conventional assets                 (