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Vital Energy (VTLE)
NYSE:VTLE
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.16Last Year’s EPS
2.55Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 23.59%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with Vital Energy surpassing production expectations, achieving significant cost reductions, and successfully integrating the Point acquisition. The focus on operational excellence and debt reduction further supports a strong future performance. The impact of weather-related production issues and temporary increase in LOE are noted but do not overshadow the overall achievements.Company Guidance
In the third quarter of 2024, Vital Energy exceeded its production guidance by achieving a record production level of approximately 59,200 barrels of oil per day, surpassing the expected range of 55,000 to 58,000 barrels per day. The company's lease operating expenses improved to $8.78 per BOE, below the forecasted $8.95 per BOE, marking a 9% reduction from the previous quarter. Capital expenditures for Vital Energy amounted to $242 million, marginally above the guidance range of $215 million to $240 million due to the early closure of the Point acquisition, which significantly enhanced the company's Delaware Basin assets. Vital Energy anticipates generating over $400 million in adjusted free cash flow over the next five quarters, with plans to maintain a flat oil production rate of around 66,500 barrels per day through 2025, while reducing capital costs to approximately $900 million, below the consensus of $925 million.Record Production and Cost Efficiency
Vital Energy reached a new production record of 59,200 barrels of oil per day, surpassing the guidance of 55,000 to 58,000 barrels. Lease operating expenses improved to $8.78 per BOE, a 9% improvement over the second quarter.
Successful Point Acquisition
The Point acquisition has exceeded expectations, contributing significantly to production and allowing for cost reductions. The acquisition was closed early, resulting in additional production.
Capital Efficiency and Inventory Growth
Capital investments were within guidance, and 300 new locations were added, extending the inventory to over 3.5 years. Potential further reductions in well costs could extend the runway to over 6 years.
Strong Free Cash Flow and Debt Reduction Strategy
Vital Energy expects to generate more than $400 million of adjusted free cash flow over the next 5 quarters and plans to use it primarily for debt reduction.
Operational Improvements in Delaware Basin
Drilling costs reduced from $1,200 per foot to $1,040 per foot, with expectations to further decrease to $925 per foot in 2025 due to longer laterals and faster drill times.
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VTLE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VTLE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $29.08 | $30.55 | +5.06% |
| Aug 07, 2024 | $36.72 | $37.83 | +3.02% |
| May 08, 2024 | $53.08 | $51.39 | -3.18% |
| Feb 21, 2024 | $47.32 | $47.97 | +1.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vital Energy (VTLE) report earnings?
Vital Energy (VTLE) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Vital Energy (VTLE) earnings time?
Vital Energy (VTLE) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VTLE EPS forecast?
VTLE EPS forecast for the fiscal quarter 2024 (Q4) is 2.16.
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