Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
15 December 2011Website:
http://vitalenergy.comNext earnings report:
01 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Mon, 26 Aug 2024 22:44:31 GMTDividend
Analysts recommendations
Institutional Ownership
VTLE Latest News
Vital Energy's recent acquisitions have not led to expected profitability. Tax items and hedging gains and losses distorted quarterly comparisons. Many times, the purchaser inherits the seller's high-cost structure. Fixing it takes some time.
Vital Energy (VTLE) came out with quarterly earnings of $1.46 per share, missing the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $4.35 per share a year ago.
Raises full-year 2024 total and oil production forecast Increases estimated sub-$50 WTI breakeven locations by ~45% TULSA, OK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported second-quarter 2024 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com.
Transaction highly accretive to key metrics; adds 68 high-return gross locations Transaction highly accretive to key metrics; adds 68 high-return gross locations
Vital Energy is closing in on an all-cash deal to acquire private equity-owned Point Energy Partners for $1.1 billion, people familiar with the matter said on Sunday, a move that would extend a wave of consolidation in the U.S. oil and gas industry.
Vital Energy acquired smaller acreage with high costs in order to improve results through lower costs going forward. Management's focus on reducing breakeven prices for new wells has shown promising results, with potential for further improvement over time. Acquisitions in Delaware Basin and Upton County appear to compete well with Howard County acreage for capital dollars.
TULSA, OK, July 16, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") will report second-quarter 2024 financial and operating results after the market close on Wednesday, August 7, 2024 and host a conference call and webcast on Thursday, August 8, 2024, at 7:30 a.m. CT.
Wall Street is disregarding the oil & gas industry's upside potential, putting low business valuations on rising energy prices. Vital Energy is a Texas-focused E&P company with strong fundamentals and technical momentum reappearing. Any price advance in crude oil and natural gas could lead to significant gains for Vital Energy.
Vital Energy's Q1 2024 production ended up around 4% higher than its guidance midpoint. This continues a trend of new well outperformance, and it is likely to do better than its guidance midpoint for the full year. VTLE's lease operating expenses per BOE ended up 11% higher than expected in Q1 2024, though.
TULSA, OK, May 28, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced its intention to mandatorily convert all outstanding shares of its 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock"), into shares of the Company's common stock, par value $0.01 per share, on June 4, 2024 pursuant to the terms of the Certificate of Designations of 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock. Holders of Series A Preferred Stock do not need to take any action. As of May 28, 2024, the Company had 1,575,376 shares of Series A Preferred Stock outstanding.
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What type of business is Vital Energy?
Vital Energy, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company was formerly known as Laredo Petroleum, Inc. and changed its name to Vital Energy, Inc. in January 2023. Vital Energy, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.
What sector is Vital Energy in?
Vital Energy is in the Energy sector
What industry is Vital Energy in?
Vital Energy is in the Oil & Gas Equipment & Services industry
What country is Vital Energy from?
Vital Energy is headquartered in United States
When did Vital Energy go public?
Vital Energy initial public offering (IPO) was on 15 December 2011
What is Vital Energy website?
https://vitalenergy.com
Is Vital Energy in the S&P 500?
No, Vital Energy is not included in the S&P 500 index
Is Vital Energy in the NASDAQ 100?
No, Vital Energy is not included in the NASDAQ 100 index
Is Vital Energy in the Dow Jones?
No, Vital Energy is not included in the Dow Jones index
When was Vital Energy the previous earnings report?
No data
When does Vital Energy earnings report?
The next expected earnings date for Vital Energy is 01 November 2024