Vista Energy, S.A.B. de C.V 6-K, filed Oct 26, 2022

Vista Energy, S.A.B. de C.V. (VIST)

6-K 2022-10-26 For: 2022-10-26

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Added on April 10, 2026

About this 6-K

Vista Energy, S.A.B. de C.V filed this 6-K on October 26, 2022.

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VISTA ENERGY, S.A.B. DE C.V.

By:		/s/ Alejandro Cherñacov
Name:		Alejandro Cherñacov
Title:		Strategic Planning and Investor Relations Officer


• Unaudited interim condensed consolidated statements of profit or loss and other comprehensive income for the nine-month periods ended September 30, 2022, and 2021		3

• Unaudited interim condensed consolidated statements of financial position as of September 30, 2022, and December 31, 2021		4

• Unaudited interim condensed consolidated statements of changes in equity for the nine-month periods ended September 30, 2022 and 2021		5

• Unaudited interim condensed consolidated statements of cash flows for the nine-month periods ended September 30, 2022 and 2021		7

• Notes to the unaudited interim condensed consolidated financial statements as of September 30, 2022 and December 31, 2021 and for the nine-month periods ended September 30, 2022, and 2021		9


	Notes	Period from January 1, through September 30, 2022			Period from January 1, through September 30, 2021			Period from July 1, through September 30, 2022			Period from July 1, through September 30, 2021
Revenue from contracts with customers	4		835,786			456,183			333,573			175,005
Cost of sales:
Operating costs	5.1		(97,321	)		(76,812	)		(34,753	)		(27,204	)
Crude oil stock fluctuation	5.2		(5,222	)		457			(4,571	)		1,797
Depreciation, depletion and amortization	12/13/14		(171,714	)		(144,427	)		(66,910	)		(48,681	)
Royalties			(105,427	)		(60,383	)		(39,171	)		(23,757	)

Gross profit			456,102			175,018			188,168			77,160

Selling expenses	6		(41,057	)		(30,883	)		(14,047	)		(12,481	)
General and administrative expenses	7		(44,211	)		(31,094	)		(15,860	)		(11,173	)
Exploration expenses	8		(567	)		(437	)		(175	)		(153	)
Other operating income	9.1		22,961			17,808			9,241			11,294
Other operating expenses	9.2		(2,606	)		(1,897	)		(564	)		(554	)

Operating profit			390,622			128,515			166,763			64,093

Interest income	10.1		384			42			294			34
Interest expense	10.2		(22,341	)		(41,330	)		(6,744	)		(12,173	)
Other financial income (expense)	10.3		(43,827	)		(6,181	)		(29,453	)		(11,932	)

Financial income (expense), net			(65,784	)		(47,469	)		(35,903	)		(24,071	)

Profit before income tax			324,838			81,046			130,860			40,022

Current income tax (expense)	15		(146,649	)		(47,257	)		(68,457	)		(29,285	)
Deferred income tax benefit (expense)	15		15,842			(18,694	)		14,258			(6,005	)

Income tax (expense)			(130,807	)		(65,951	)		(54,199	)		(35,290	)

Profit for the period, net			194,031			15,095			76,661			4,732

Other comprehensive income
Other comprehensive income that shall not be reclassified to profit or loss in subsequent periods
- (Loss) from actuarial remediation related to defined benefit plans	25		(3,207	)		(3,050	)		(53	)		(430	)
- Deferred income tax benefit	15		1,122			1,536			18			151

Other comprehensive income that shall not be reclassified to profit (loss) in subsequent periods, net of taxes			(2,085	)		(1,514	)		(35	)		(279	)

Total comprehensive profit for the period			191,946			13,581			76,626			4,453

Earnings per share
Basic (in US dollars per share)	11		2.207			0.171			0.886			0.054
Diluted (in US dollars per share)	11		1.879			0.163			0.750			0.050


	Notes	As of September 30, 2022			As of December 31, 2021
Assets
Noncurrent assets
Property, plant and equipment	12		1,517,849			1,223,982
Goodwill	13		28,288			28,416
Other intangible assets	13		4,190			3,878
Right-of-use assets	14		25,208			26,454
Investments in associates			5,699			2,977
Trade and other receivables	16		19,057			20,210
Deferred income tax assets			4,029			2,771

Total noncurrent assets			1,604,320			1,308,688

Current assets
Inventories	18		6,847			13,961
Trade and other receivables	16		90,297			46,096
Cash, bank balances and other short-term investments	19		182,751			315,013

Total current assets			279,895			375,070

Total assets			1,884,215			1,683,758

Equity and liabilities
Equity
Capital stock	20.1		523,373			586,706
Legal reserve	20.2		1,255			—
Share-based payments			38,419			31,601
Share repurchase reserve	20.2		23,840			—
Other accumulated comprehensive income (losses)			(8,061	)		(5,976	)
Accumulated profit (losses)			161,394			(47,072	)

Total equity			740,220			565,259

Liabilities
Noncurrent liabilities
Deferred income tax liabilities			159,714			175,420
Lease liabilities	14		18,791			19,408
Provisions	21		28,027			29,657
Borrowings	17.1		362,338			447,751
Warrants	17.4		25,132			2,544
Employee benefits	25		11,202			7,822
Trade and other payables	24		11,679			50,159

Total noncurrent liabilities			616,883			732,761

Current liabilities
Provisions	21		2,167			2,880
Lease liabilities	14		8,768			7,666
Borrowings	17.1		160,263			163,222
Salaries and payroll taxes	22		18,861			17,491
Income tax liability			113,888			44,625
Other taxes and royalties	23		19,911			11,372
Trade and other payables	24		203,254			138,482

Total current liabilities			527,112			385,738

Total liabilities			1,143,995			1,118,499

Total equity and liabilities			1,884,215			1,683,758


	Capital stock			Legal reserve		Share-based payments ⁽¹⁾		Share repurchase reserve		Other accumulated comprehensive income (losses)			Accumulated profit (losses)			Total equity
Amounts as of December 31, 2021		586,706			—		31,601		—		(5,976	)		(47,072	)		565,259

Profit for the period		—			—		—		—		—			194,031			194,031
Other comprehensive income for the period		—			—		—		—		(2,085	)		—			(2,085	)

Total comprehensive income		—			—		—		—		(2,085	)		194,031			191,946

Ordinary and Extraordinary General Shareholders’ meeting on April 26, 2022 ⁽²⁾:
Creation of legal reserve		—			1,255		—		—		—			(1,255	)		—
Creation of share repurchase reserve		—			—		—		23,840		—			(23,840	)		—

Board of Directors’ meeting on September 27, 2022 ⁽²⁾:
Reduction of capital stock		(39,530	)		—		—		—		—			39,530			—

Share repurchase ⁽²⁾		(23,804	)		—		—		—		—			—			(23,804	)

Share-based payments		1			—		6,818		—		—			—			6,819

Amounts as of September 30, 2022		523,373			1,255		38,419		23,840		(8,061	)		161,394			740,220


	Capital stock		Share-based payments ⁽¹⁾		Other accumulated comprehensive income (losses)			Accumulated profit (losses)			Total equity
Amounts as of December 31, 2020		659,400		23,046		(3,511	)		(170,417	)		508,518

Profit for the period		—		—		—			15,095			15,095
Other comprehensive income for the period		—		—		(1,514	)		—			(1,514	)

Total comprehensive income		—		—		(1,514	)		15,095			13,581

Share-based payments		1		6,533		—			—			6,534

Amounts as of September 30, 2021		659,401		29,579		(5,025	)		(155,322	)		528,633


	As of September 30, 2022		As of December 31, 2021
Argentina		1,553,347		1,260,851
Mexico		50,973		47,837

Total noncurrent assets		1,604,320		1,308,688


Type of products	Period from January 1, through September 30, 2022		Period from January 1, through September 30, 2021		Period from July 1, through September 30, 2022		Period from July 1, through September 30, 2021
Revenues from crude oil sales		782,632		410,972		311,986		153,908
Revenues from natural gas sales		49,066		42,057		20,138		19,687
Revenues from LPG sales		4,017		3,154		1,378		1,410
Revenue from other goods		71		—		71		—

Total revenue from contracts with customers		835,786		456,183		333,573		175,005


Distribution channels	Period from January 1, through September 30, 2022		Period from January 1, through September 30, 2021		Period from July 1, through September 30, 2022		Period from July 1, through September 30, 2021
Exports from crude oil		399,699		111,611		175,609		32,157
Refineries		382,933		299,361		136,377		121,751
Retail natural gas distribution companies		16,230		15,615		7,694		7,811
Natural gas for electric power generation		14,887		13,413		4,206		5,183
Industries		13,672		13,029		7,188		6,693
Exports from natural gas		4,277		—		1,050		—
LPG sales		4,017		3,154		1,378		1,410
Other goods sales		71		—		71		—

Total revenue from contracts with customers		835,786		456,183		333,573		175,005


	Land and buildings			Vehicles, machinery, facilities, computer hardware and furniture and fixtures			Oil and gas properties			Production wells and facilities			Works in progress			Materials and spare parts			Total
Cost

Amounts as of December 31, 2021		2,709			23,070			446,291			1,174,699			91,245			27,796			1,765,810

Additions		7,865			239			—			2,460			313,369			70,820			394,753
Transfers		—			18,426			—			297,110			(253,686	)		(61,850	)		—
Disposals		(187	)		(4	)		(1,870	)⁽¹⁾		(4,146	)⁽²⁾		—			(358	)		(6,565	)
Incorporation for the acquisition of AFBN assets		—			—			68,743	⁽³⁾		—			—			—			68,743

Amounts as of September 30, 2022		10,387			41,731			513,164			1,470,123			150,928			36,408			2,222,741

Accumulated depreciation

Amounts as of December 31, 2021		(294	)		(10,834	)		(53,623	)		(477,077	)		—			—			(541,828	)

Depreciation		(13	)		(3,351	)		(10,695	)		(149,229	)		—			—			(163,288	)
Disposals		4			4			216	⁽¹⁾		—			—			—			224

Amounts as of September 30, 2022		(303	)		(14,181	)		(64,102	)		(626,306	)		—			—			(704,892	)

Net value

Amounts as of September 30, 2022		10,084			27,550			449,062			843,817			150,928			36,408			1,517,849

Amounts as of December 31, 2021		2,415			12,236			392,668			697,622			91,245			27,796			1,223,982


	Goodwill			Other intangible assets
Cost
Amounts as of December 31, 2021		28,416			12,216
Additions		—			2,656
Disposals ⁽¹⁾		(128	)		—

Amounts as of September 30, 2022		28,288			14,872

Accumulated amortization

Amounts as of December 31, 2021		—			(8,338	)
Amortization		—			(2,344	)

Amounts as of September 30, 2022		—			(10,682	)

Net value

Amounts as of September 30, 2022		28,288			4,190

Amounts as of December 31, 2021		28,416			3,878


	Right-of-use assets									Total lease liabilities
	Buildings			Plant and machinery			Total			Total lease liabilities
Amounts as of December 31, 2021		1,211			25,243			26,454			(27,074	)

Additions		—			449			449			(449	)
Re-estimations		298			5,484			5,782			(5,782	)
Depreciation ⁽¹⁾		(366	)		(7,111	)		(7,477	)		—
Payments		—			—			—			8,602
Interest expense ⁽²⁾		—			—			—			(2,856	)

Amounts as of September 30, 2022		1,143			24,065			25,208			(27,559	)


	As of September 30, 2022		As of December 31, 2021
Noncurrent
Other receivables:
Prepayments, tax receivables and other:
Prepayments and other receivables		13,929		15,236
Value added tax (“VAT”)		4,546		4,010
Turnover tax		468		765

		18,943		20,011
Financial assets:
Loans to employees		114		199

		114		199

Total noncurrent trade and other receivables		19,057		20,210


	As of September 30, 2022		As of December 31, 2021
Current
Trade:
Oil and gas accounts receivable (net of allowance for expected credit losses)		57,905		25,224

		57,905		25,224

Other receivables:
Prepayments, tax credits and other:
VAT		9,811		9,131
Prepaid expenses		8,870		3,633
Income tax		3,847		860
Turnover tax		579		42

		23,107		13,666


	As of September 30, 2022		As of December 31, 2021
Fixed interest
Less than 1 year		114,778		109,016
From 1 to 2 years		181,588		112,860
From 2 to 5 years		115,332		214,491
Over 5 years		65,418		75,468

Total		477,116		511,835


	Notes		Period from January 1, through September 30, 2022			Period from January 1, through September 30, 2021			Period from July 1, through September 30, 2022			Period from July 1, through September 30, 2021
Cash flows from operating activities
Profit for the period, net				194,031			15,095			76,661			4,732

Adjustments to reconcile net cash flows
Items related to operating activities:
(Reversal of) allowance for expected credit losses		6		(36	)		—			—			(29	)
Net changes in foreign exchange rate		10.3		(39,860	)		(10,741	)		(19,373	)		(1,926	)
Discount for well plugging and abandonment		10.3		1,825			1,808			617			634
Net increase in provisions		9.2		2,075			1,232			564			417
Interest expense on lease liabilities		10.3		1,565			755			499			221
Discount of assets and liabilities at present value		10.3		4,790			(2,658	)		668			57
Share-based payments		7		11,776			8,098			4,601			2,457
Employee benefits		25		359			163			150			77
Income tax expense		15		130,807			65,951			54,199			35,290

Items related to investing activities:
Depreciation and depletion		12/14		169,370			141,782			66,099			47,651
Amortization of intangible assets		13		2,344			2,645			811			1,030
Interest income		10.1		(384	)		(42	)		(294	)		(34	)
Gain from farmout agreement		9.1		(18,218	)		(4,525	)		(9,049	)		—
Changes in the fair value of financial assets		10.3		18,127			(6,259	)		16,377			956
Gain from assets disposal		9.1		—			(9,999	)		—			(9,986	)

Items related to financing activities:
Interest expense		10.2		22,341			41,330			6,744			12,173
Changes in the fair value of warrants		10.3		22,588			9,278			16,999			7,926
Amortized cost		10.3		1,538			3,534			467			611
Remeasurement in borrowings		10.3		37,669			12,019			15,132			6,452

Changes in working capital:
Trade and other receivables				(55,968	)		(11,231	)		(36,453	)		(7,066	)
Inventories		5.2		5,222			(457	)		4,571			(1,797	)
Trade and other payables				21,205			18,738			13,232			7,804
Payments of employee benefits		25		(186	)		(335	)		(73	)		(55	)
Salaries and payroll taxes				(2,412	)		(551	)		6,652			3,642
Other taxes and royalties				7,545			(9,237	)		2,929			(1,027	)
Provisions				(1,755	)		(417	)		(689	)		386
Income tax payment				(61,957	)		(3,430	)		(25,984	)		(642	)


	Notes		Period from January 1, through September 30, 2022			Period from January 1, through September 30, 2021			Period from July 1, through September 30, 2022			Period from July 1, through September 30, 2021
Cash flows from financing activities:
Proceeds from borrowings		17.2		76,170			358,093			—			158,395
Payment of borrowings cost		17.2		(584	)		(3,326	)		—			(615	)
Payment of borrowings principal		17.2		(164,995	)		(283,102	)		(78,270	)		(153,609	)
Payment of borrowings interest		17.2		(30,192	)		(50,888	)		(10,444	)		(25,496	)
Payment of lease		14		(8,602	)		(6,123	)		(3,156	)		(2,133	)
Share repurchase		20.2		(23,804	)		—			—			—

Net cash flow (used in) provided by financing activities				(152,007	)		14,654			(91,870	)		(23,458	)

Net (decrease) increase in cash and cash equivalents				(102,098	)		57,778			(47,512	)		27,582

Cash and cash equivalents at beginning of period		19		311,217			201,314			248,560			236,510
Effect of exposure to changes in the foreign currency rate of cash and cash equivalents				(28,326	)		2,332			(20,255	)		(2,668	)
Net (decrease) increase in cash and cash equivalents				(102,098	)		57,778			(47,512	)		27,582

Cash and cash equivalents at end of period		19		180,793			261,424			180,793			261,424

Significant transactions that generated no cash flows
Acquisition of property, plant and equipment through increase in trade and other payables				137,461			68,403			137,461			68,403
AFBN assets acquisition				—			69,693			—			69,693
Changes in well plugging and abandonment with an impact in property, plant and equipment		12		(4,146	)		(1,787	)		(393	)		682


	Period from January 1, through September 30, 2022			Period from January 1, through September 30, 2021		Period from July 1, through September 30, 2022		Period from July 1, through September 30, 2021
Transport		16,941			14,045		4,773		5,254
Taxes, rates and contributions		12,514			10,494		4,577		4,565
Tax on bank account transactions		6,958			4,469		3,178		1,725
Fees and compensation for services		4,680			1,875		1,519		966
(Reversal of) allowances for expected credit losses		(36	)		—		—		(29	)

Total selling expenses		41,057			30,883		14,047		12,481


	Period from January 1, through September 30, 2022			Period from January 1, through September 30, 2021			Period from July 1, through September 30, 2022			Period from July 1, through September 30, 2021
Amortized cost (Note 17.2)		(1,538	)		(3,534	)		(467	)		(611	)
Changes in the fair value of warrants (Note 17.4.1)		(22,588	)		(9,278	)		(16,999	)		(7,926	)
Net changes in foreign exchange rate		39,860			10,741			19,373			1,926
Discount of assets and liabilities at present value		(4,790	)		2,658			(668	)		(57	)
Changes in the fair value of financial assets		(18,127	)		6,259			(16,377	)		(956	)
Interest expense on lease liabilities (Note 14)		(1,565	)		(755	)		(499	)		(221	)
Discount for well plugging and abandonment		(1,825	)		(1,808	)		(617	)		(634	)
Remeasurement in borrowings ⁽¹⁾ (Note 17.2)		(37,669	)		(12,019	)		(15,132	)		(6,452	)
Other		4,415			1,555			1,933			2,999

Total other financial income (expense)		(43,827	)		(6,181	)		(29,453	)		(11,932	)


	As of September 30, 2022		As of December 31, 2021
Variable interest
Less than 1 year		45,485		54,206
From 1 to 2 years		—		44,932

Total		45,485		99,138

Total Borrowings		522,601		610,973


Instrument	Execution date	Currency	Principal		Interest	Annual rate			Maturity date	Carrying amount
ON III	February, 2020	USD		50,000	Fixed		3.5	%	February, 2024		45,835
ON V	August, 2020	USD		20,000	Fixed		0	%	August, 2023		19,930
ON V	December, 2020	USD		10,000	Fixed		0	%	August, 2023		9,963
ON VI	December, 2020	USD		10,000	Fixed		3.24	%	December, 2024		9,960
ON VII	March, 2021	USD		42,371	Fixed		4.25	%	March, 2024		42,137
ON VIII	March, 2021	ARS ⁽¹⁾		3,054,537	Fixed		2.73	%	September, 2024		45,339
ON IX	June, 2021	USD		38,787	Fixed		4.00	%	June, 2023		38,696
ON X	June, 2021	ARS ⁽¹⁾		3,104,063	Fixed		4.00	%	March, 2025		40,902
ON XI	August, 2021	USD		9,230	Fixed		3.48	%	August, 2025		9,209
ON XII	August, 2021	USD		100,769	Fixed		5.85	%	August, 2031		101,006
ON XIII	June, 2022	USD		43,500	Fixed		6.00	%	August, 2024		43,142


	As of September 30, 2022			As of December 31, 2021
Amounts at beginning of period / year		610,973			539,786
Proceeds from borrowings		76,170			361,203
Borrowings interest ⁽¹⁾ (Note 10.2)		22,341			50,660
Payment of borrowings cost		(584	)		(3,326	)
Payment of borrowings interest		(30,192	)		(54,636	)
Payment of borrowings principal		(164,995	)		(284,695	)
Amortized cost ⁽¹⁾ (Note 10.3)		1,538			4,164
Remeasurement in borrowings ⁽¹⁾ (Note 10.3)		37,669			19,163
Changes in foreign exchange rate ⁽¹⁾		(30,319	)		(21,346	)

Amounts at end of period / year		522,601			610,973


As of September 30, 2022	Financial assets / liabilities at amortized cost		Financial assets / liabilities FVTPL		Total financial assets /liabilities
Assets
Plan assets (Note 25)		1,187		5,687		6,874
Trade and other receivables (Note 16)		114		—		114

Total noncurrent financial assets		1,301		5,687		6,988

Cash, bank balances and other short-term investments (Note 19)		98,264		84,487		182,751
Trade and other receivables (Note 16)		67,190		—		67,190

Total current financial assets		165,454		84,487		249,941

Liabilities
Borrowings (Note 17.1)		362,338		—		362,338
Trade and other payables (Note 24)		11,679		—		11,679
Warrants (Note 17.4)		—		25,132		25,132
Lease liabilities (Note 14)		18,791		—		18,791

Total noncurrent financial liabilities		392,808		25,132		417,940

Borrowings (Note 17.1)		160,263		—		160,263
Trade and other payables (Note 24)		203,254		—		203,254
Lease liabilities (Note 14)		8,768		—		8,768

Total current financial liabilities		372,285		—		372,285


As of December 31, 2021	Financial assets / liabilities at amortized cost		Financial assets / liabilities FVTPL		Total financial assets /liabilities
Assets
Plan assets (Note 25)		7,594		—		7,594
Trade and other receivables (Note 16)		199		—		199

Total noncurrent financial assets		7,793		—		7,793

Cash, bank balances and other short-term investments (Note 19)		185,546		129,467		315,013
Trade and other receivables (Note 16)		32,430		—		32,430

Total current financial assets		217,976		129,467		347,443

Liabilities
Borrowings (Note 17.1)		447,751		—		447,751
Trade and other payables (Note 24)		50,159		—		50,159
Warrants (Note 17.4)		—		2,544		2,544
Lease liabilities (Note 14)		19,408		—		19,408

Total noncurrent financial liabilities		517,318		2,544		519,862

Borrowings (Note 17.1)		163,222		—		163,222
Trade and other payables (Note 24)		138,482		—		138,482
Lease liabilities (Note 14)		7,666		—		7,666

Total current financial liabilities		309,370		—		309,370


	Financial assets / liabilities at amortized cost			Financial assets / liabilities at FVTPL			Total
Interest income (Note 10.1)		384			—			384
Interest expense (Note 10.2)		(22,341	)		—			(22,341	)
Amortized cost (Note 10.3)		(1,538	)		—			(1,538	)
Changes in the fair value of warrants (Note 10.3)		—			(22,588	)		(22,588	)
Net changes in foreign exchange rate (Note 10.3)		39,860			—			39,860
Discount of assets and liabilities at present value (Note 10.3)		(4,790	)		—			(4,790	)
Changes in the fair value of financial assets (Note 10.3)		—			(18,127	)		(18,127	)
Interest expense on lease liabilities (Note 10.3)		(1,565	)		—			(1,565	)
Discount for well plugging and abandonment (Note 10.3)		(1,825	)		—			(1,825	)
Remeasurement in borrowings (Note 10.3)		(37,669	)		—			(37,669	)
Other (Note 10.3)		4,415			—			4,415

Total		(25,069	)		(40,715	)		(65,784	)


	Financial assets/liabilities at amortized cost			Financial assets/liabilities at FVTPL			Total
Interest income (Note 10.1)		42			—			42
Interest expense (Note 10.2)		(41,330	)		—			(41,330	)
Amortized cost (Note 10.3)		(3,534	)		—			(3,534	)
Changes in the fair value of warrants (Note 10.3)		—			(9,278	)		(9,278	)
Net changes in foreign exchange rate (Note 10.3)		10,741			—			10,741
Discount of assets and liabilities at present value (Note 10.3)		2,658			—			2,658
Changes in the fair value of financial assets (Note 10.3)		—			6,259			6,259
Interest expense on lease liabilities (Note 10.3)		(755	)		—			(755	)
Discount for well plugging and abandonment (Note 10.3)		(1,808	)		—			(1,808	)
Remeasurement in borrowings (Note 10.3)		(12,019	)		—			(12,019	)
Other (Note 10.3)		1,555			—			1,555

Total		(44,450	)		(3,019	)		(47,469	)


As of September 30, 2022	Level 1		Level 2		Level 3		Total
Assets
Financial assets at fair value through profit or loss
Short term investments		84,487		—		—		84,487
Plan assets		5,687		—		—		5,687

Total assets		90,174		—		—		90,174


	As of September 30, 2022			As of December 31, 2021
Annualized volatility		45.10	%		39.94	%
Risk free domestic interest rate		10.89	%		7.15	%
Risk free foreign interest rate		4.41	%		0.55	%
Remainder useful life in years		0.52 years			1.29 years


	As of September 30, 2022		As of December 31, 2021
Warrants liability amount at beginning of period:		2,544		362
Loss from changes in the fair value of warrants (Note 10.3)		22,588		2,182

Amount at end of period		25,132		2,544


		As of September 30, 2022
Changes in interest rates in Argentine pesos		+/- 15%
Effect on profit or loss		(30,072) / 30,072
Effect on equity		(30,072) / 30,072


	As of September 30, 2022		As of December 31, 2021
Materials and spare parts		5,826		8,739
Crude oil stock (Note 5.2)		—		5,222
Other stock		1,021		—

Total		6,847		13,961


	As of September 30, 2022		As of December 31, 2021
Mutual funds		84,023		126,204
Cash in banks		63,918		78,098
Money market funds		32,852		106,915
Government bonds		1,958		3,796

Total		182,751		315,013


	Series A			Series C		Total
Amounts as of December 31, 2021		586,706			—		586,706
Number of shares		88,629,877			2		88,629,879

Series A shares to be granted in LTIP		1			—		1
Number of shares		713,914			—		713,914

Share repurchase (Note 20.2)		(23,804	)		—		(23,804	)
Number of shares repurchased		(2,834,163	)		—		(2,834,163	)

Reduction of capital stock adopted at the Board of Directors’ meeting on September 27, 2022		(39,530	)		—		(39,530	)
Number of shares		—			—		—

Amounts as of September 30, 2022		523,373			—		523,373
Number of shares		86,509,628			2		86,509,630


	As of September 30, 2022		As of December 31, 2021
Other accounts payables:
Payables to third parties ⁽¹⁾		18,147		—
Payables to partners of joint operations ⁽²⁾		67		19,007
Extraordinary fee for Gas IV Plan (Note 2.5.1.1)		705		220

Total other current accounts payables		18,919		19,227

Total current		203,254		138,482


	As of September 30, 2022
	Present value of the obligation			Plan assets			Net liabilities
Amounts at beginning of period		(15,416	)		7,594			(7,822	)
Items classified as loss or profit
Cost of services		(35	)		—			(35	)
Cost of interest		(589	)		265			(324	)
Items classified in other comprehensive income
Actuarial remediation (losses)		(2,881	)		(326	)		(3,207	)
Benefit payments		845			(845	)		—
Payment of contributions		—			186			186

Amounts at end of period		(18,076	)		6,874			(11,202	)


	As of September 30, 2022		As of December 31, 2021
US government bonds		5,687		—
Cash and cash equivalents		1,187		7,594

Total		6,874		7,594