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Vital Energy (VTLE)
NYSE:VTLE
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.1Last Year’s EPS
1.84Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -12.14%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlights several positive achievements, including strong financial results, significant inventory additions, and enhanced capital efficiency. However, there are challenges such as higher capital investments, underperformance in Upton County, and delays in the drilling program. Overall, the positives slightly outweigh the negatives.Company Guidance
During Vital Energy's Fourth Quarter 2024 Earnings Conference Call, CEO Jason Pigott highlighted several key metrics and strategic priorities. The company exceeded production guidance for both total and oil production, driven by strong performance from their Point Energy assets. Despite capital investments being slightly above guidance, the company delivered operational cost efficiencies, outperforming their lease operating expense (LOE) guidance by 5%, achieving a cost of $8.89 per BOE. Future LOE is expected to average around $9.20 per BOE, with a target of reducing it below $9 by the end of 2025. Vital Energy's significant inventory additions increased oil-weighted locations by more than 10%, with 925 locations now available, equating to over 11 years of drilling. The company successfully extended average lateral lengths by 16% to 12,800 feet, reducing their average breakeven oil price to $53 per barrel WTI. For 2025, Vital Energy forecasts production of 135,000 to 140,000 barrels of oil equivalent per day, with capital investments between $825 million to $925 million and an expected adjusted free cash flow of $330 million at $70 oil. The focus remains on optimizing capital efficiency, enhancing asset quality, and prioritizing debt reduction over large-scale acquisitions.Outstanding Fourth Quarter 2024 Results
Vital Energy delivered strong financial and operating results, exceeding the top end of guidance for both total and oil production. The Point Energy assets acquired last September contributed to this success.
Significant Inventory Additions
Total inventory increased by more than 10%, with approximately 925 oil-weighted locations representing more than 11 years of drilling at the current pace. Future developable lateral footage increased by about 30%.
Enhanced Capital Efficiency
Average lateral length increased by 16% to 12,800 feet, reducing the average breakeven oil price to approximately $53 per barrel WTI. Operational competencies were improved with new well designs like Horseshoe-shaped and J-shaped wells.
Strong 2025 Outlook
Expected production of 135,000 to 140,000 barrels of oil equivalent per day, with plans to deliver adjusted free cash flow of approximately $330 million at $70 oil.
Reduction in Operating Costs
Operating costs on acquired properties were reduced, with LOE guidance outperformed by 5%, achieving a cost of $8.89 per BOE.
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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 |
|---|---|---|---|
| Feb 19, 2025 | $35.17 | $30.90 | -12.14% |
| 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% |
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 May 07, 2025, TBA Not Confirmed.
What is Vital Energy (VTLE) earnings time?
Vital Energy (VTLE) earnings time is at May 07, 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 2025 (Q1) is 2.1.
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