Vital Energy Inc

Vital Energy, Inc. engages in the exploration, development and acquisition of oil and natural gas properties. It operates in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.

Earnings data Q1 2021

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Vital Energy excels in Q4 2022, eyes growth through strategic acquisitions

Vital Energy's strong financial performance, strategic focus on cash flow maximization, and the Driftwood acquisition's potential for growth position the company well for 2023. While challenges in managing capital budgets and debt reduction persist, opportunities in operational enhancements and cost optimization offer avenues for sustained success.

Vital Energy Inc (VTLE) excels in Q1 with strong operational performance and growth prospects

Vital Energy Inc (VTLE) reported exceptional Q1 results with a focus on operational excellence, financial strength, and strategic value creation. The company's emphasis on technology-driven efficiency and emission reduction positions it well for future growth and profitability.

Vital Energy Inc (VTLE) excels in Q2, targets sustainable growth

Vital Energy Inc (VTLE) delivered outstanding results in Q2 2023, setting company records for oil production and showcasing operational efficiencies. With a strategic focus on capital discipline and free cash flow generation, the company is well-positioned for future success despite potential challenges.

Vital Energy Inc (VTLE) reports robust Q3 results and strategic growth plans

Vital Energy Inc (VTLE) delivered strong Q3 performance with record production levels and successful acquisitions integration.
The company's focus on capital efficiency, cost reductions, and sustainability achievements underpins its operational strength.
Management's emphasis on generating free cash flow and hedging oil production for 2024 reflects a strategic financial approach.

Vital Energy Inc reports record 2023 performance and outlines 2024 strategy

Vital Energy Inc's strong 2023 performance and strategic focus position them well for 2024.
Balancing growth investments with debt reduction goals will be crucial for financial health.
Opportunities lie in optimizing operations, generating cash flow, and evaluating acquisition prospects.
Adapting to market changes while maintaining operational excellence will be key for sustained success.

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Vital Energy, Inc. engages in the exploration, development and acquisition of oil and natural gas properties in the Permian Basin of West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.

TULSA, OK, March 14, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced that it intends to offer (the “Offering”), subject to market and other conditions, $575.0 million in aggregate principal amount of senior notes due 2032 (the “senior notes”) in a private placement to eligible purchasers. The Company intends to use the net proceeds of the Offering, if completed, together with existing corporate liquidity, to (a) fund the purchase for cash of up to (i) $475.0 million aggregate principal amount of our 10.125% senior notes due 2028 and (ii) $75.0 million aggregate principal amount of our 9.750% senior notes due 2030 in the cash tender offers the Company commenced pursuant to an offer to purchase dated March 14, 2024, (b) pay fees and expenses incurred therewith and/or (c) repay borrowings outstanding under our senior secured credit facility. The senior notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by Vital Midstream Services, LLC, a subsidiary of the Company, and certain of its future subsidiaries.

Vital Energy Announces Offering of $575.0 Million of Senior Notes

Vital Energy, Inc. (VTLE) Q4 2023 Earnings Call Transcript

The headline numbers for Vital Energy (VTLE) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Vital Energy (VTLE) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Reports record total and oil production for 4Q-23 and FY-23 Plans to invest $750 - $850 million, increasing FY-24 oil production ~10% from 4Q-23 exit Updates development inventory to >10 years of oil-weighted locations TULSA, OK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported fourth-quarter and full-year 2023 financial and operating results and provided its 2024 outlook. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com.

Vital Energy Reports Fourth-Quarter and Full-Year 2023 Financial and Operating Results

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Diamondback Energy acquires Endeavor Energy, adding 357,000 BOEPD and 344,000 net acres to its Permian Basin assets. The acquisition is financed with $18 billion in common stock issuance and $8 billion in cash. The deal is the second most expensive Permian acquisition since 2023, indicating a trend of highly valued deals in the region.

Diamondback Acquires Endeavor In $26 Billion Permian Oil Deal, With Read-Through For Vital Energy

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Vital Energy has taken on additional debt through acquisitions. But the debt ratio has dropped sharply. The company's 93% hedging ensures that the new debt ratio is likely to happen regardless of commodity price swings.

Vital Energy: Management Snuck In More Equity

Vital Energy (VTLE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Vital Energy (VTLE) Q4 Earnings Expected to Decline

TULSA, OK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced the second acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC (collectively "Henry") for total consideration of approximately $78 million1.

Vital Energy Closes Second Transaction to Acquire Additional Working Interests Related to Recent Permian Basin Acquisition

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DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today provided an operational update and released select preliminary fourth-quarter 2023 results. The Company also provided details for the Company's fourth-quarter and full-year 2023 earnings release and conference call below. Vital Asset Sale On December 21, 2023, Granite Ridge closed on the sale of certain of its Permian Basin assets to Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy”) for c.

Granite Ridge Resources Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 a.m. Central Time

The latest acquisitions have done unexpectedly well. Some have closed faster than expected as well. The debt ratio has now declined far faster in the last fiscal year than originally expected. That should lead to a better stock market valuation of the company. Continuing technology advances should continue to improve performance for the foreseeable future.

Vital Energy Blows Past Guidance

Total and oil production exceed outlook with capital investments in-line Company provides fourth-quarter and full-year 2023 earnings and conference call details TULSA, OK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today provided select preliminary results for fourth-quarter 2023, including average daily total and oil production and incurred capital investments. Details for the Company's fourth-quarter and full-year 2023 earnings release and conference call are provided within this release.

Vital Energy Provides Select Preliminary Fourth-Quarter 2023 Results

Vital Energy's (VTLE) latest acquisition will significantly boost its estimated 2024 production.

Vital Energy (VTLE) in $55M Deal to Enhance Permian Presence

Vital Energy, Inc. continues to make acquisitions to increase free cash flow and reduce the debt ratio. The company's current management is implementing a strategy to generate free cash flow, pay dividends, and improve financial debt rating. Shareholders may have concerns about the issuance of more shares, but it is necessary for the company's transition to free cash flow from an asset strategy.

Vital Energy: Cheap Free Cash Flow

TULSA, OK, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced the acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC (collectively "Henry") for total consideration of $55 million1.

Vital Energy Acquires Additional Working Interests in Recent High-Value Acquisitions in the Permian Basin

Calgary, Alberta--(Newsfile Corp. - December 5, 2023) - Vital Energy Inc. (TSXV: VUX) (the "Corporation") announces that it has entered into a loan agreement, effective December 4, 2023, with a company controlled by Mr. Hai Zhou, a director and control person of ‎the Corporation, for a $10,000,000 credit facility (the "Credit Facility").

Vital Energy Inc. Announces New $10 Million Credit Facility

TULSA, OK, Nov. 21, 2023 (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 November 29, 2023 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 November 21, 2021, the Company had 6,131,381 shares of Series A Preferred Stock outstanding.

Vital Energy Announces Conversion of 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock

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Crude oil prices have corrected by approximately 18% since September, leading investors to explore opportunities for a rebound. Short-term investors may prefer crude oil-focused futures or ETFs, such as /CL or the United States Oil ETF. The United States is currently the world's largest producer of crude oil, with the Permian Basin being a strategically important region for oil exploration and production.

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TULSA, OK , Nov. 13, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced the promotion of Katie Hill to Senior Vice President and Chief Operating Officer, effective November 13, 2023. Ms. Hill has been with Vital Energy since September 2022 and previously served as Vice President -Operations.

Vital Energy Promotes Katie Hill to Senior Vice President and Chief Operating Officer

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Although the revenue and EPS for Vital Energy (VTLE) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Vital Energy (VTLE) Q3 Earnings

Record quarterly production exceeds guidance, leads to increased full-year 2023 outlook Capital investments in quarter were below guidance Publishes 2023 Sustainability Report and inaugural Climate Risk and Resilience Report TULSA, OK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported its third-quarter 2023 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com.

Vital Energy Reports Third-Quarter 2023 Financial and Operating Results

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Total and oil production exceed outlook with capital investments below low end of guidance Company provides third-quarter 2023 earnings and conference call details TULSA, OK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today provided select preliminary results for third-quarter 2023, including average daily total and oil production and incurred capital investments. Details for the Company's third-quarter 2023 earnings release and conference call are provided within this release.

Vital Energy Provides Select Preliminary Third-Quarter 2023 Results

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