NYSE$VTLE
Vital Energy Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Laredo Petroleum announced second-quarter 2021 financial and operating results, highlighting strategic asset purchases and divestitures, increased production, and improved financial flexibility.
Laredo Petroleum reported a net loss of $132.7 million for Q2 2021, which included a $159.3 million non-cash loss on derivatives. However, Adjusted Net Income was $22.0 million, and Adjusted EBITDA was $97.0 million. The company also announced agreements to purchase Sabalo Energy's assets and divest 37.5% of its legacy proved developed producing reserves.
- Announced agreements to purchase Sabalo Energy, LLC assets and divest 37.5% of legacy proved developed producing reserves.
- Completed 16 wells, including the 13-well Davis package in Howard County.
- Produced an average of 85,924 BOE per day and 26,440 barrels of oil per day, up 9% from Q1 2021.
- Held flaring/venting to 0.29% of produced gas.
Headline financials
Revenue & EPS history
Vital Energy · Revenue · Quarterly
$294M
Revenue by segment
Vital Energy · $232M total across 3 segments · Q2 2021
- Oil Sales$158M+124.5%67.8%
- NGL Sales$43.5M+228.5%18.7%
- Natural Gas Sales$31.2M+191.8%13.4%
Forward guidance
Laredo Petroleum provided guidance for Q3 and Q4 2021, including total production, oil production, average sales price realizations, and selected average costs & expenses.
Tailwinds
- Oil (% of WTI): 99%
- NGL (% of WTI): 35%
- Natural gas (% of Henry Hub): 75%
- General and administrative expenses (LTIP cash, $/BOE): ($0.20)
- General and administrative expenses (LTIP non-cash, $/BOE): $0.25
Headwinds
- Oil($ MM):($48)
- NGL($ MM):($29)
- Natural gas($ MM):($17)
- Lease operating expenses ($/BOE)$3.90
- Transportation and marketing expenses ($/BOE)$1.60
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports
-0.7%
Avg return
Earnings day
-1.7%
Avg return
5 days after
+0.8%
Avg return
30 days after
46%
26 / 56 earnings
Positive
+12.7%
Q3 2024
Best reaction
-23.2%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q3 2025 | +5.1% | +20.9% | +26.1% | |
| Q2 2025 | -9.4% | -8.8% | -0.4% | |
| Q1 2025 | +7.6% | -3.5% | +18.7% | |
| Q4 2024 | -12.1% | -20.2% | -36.6% | |
| Q3 2024 | +12.7% | +14.7% | +8.3% | |
| Q2 2024 | +2.8% | +2.3% | -22.8% | |
| Q1 2024 | -4.1% | -10.1% | -17.0% | |
| Q4 2023 | +5.0% | +3.9% | +9.5% | |
| Q3 2023 | +6.3% | -3.4% | -8.8% | |
| Q2 2023 | +5.2% | +5.4% | +11.6% | |
| Q1 2023 | -0.9% | -3.3% | +5.4% | |
| Q4 2022 | -3.2% | +6.5% | -16.9% | |
| Q3 2022 | +5.2% | +6.1% | -3.2% | |
| Q2 2022 | -23.2% | -26.0% | -15.2% | |
| Q1 2022 | -6.9% | -19.1% | +45.2% | |
| Q4 2021 | +7.1% | +7.5% | +8.6% | |
| Q3 2021 | -4.5% | — | — | |
| Q2 2021 | -12.7% | — | — | |
| Q1 2021 | -12.4% | — | — | |
| Q4 2020 | +5.3% | — | — | |
| Q3 2020 | +3.7% | — | — | |
| Q2 2020 | -1.2% | — | — | |
| Q1 2020 | -2.0% | — | — | |
| Q4 2019 | -0.6% | — | — | |
| Q3 2019 | -1.2% | — | — | |
| Q2 2019 | +3.9% | — | — | |
| Q1 2019 | +10.6% | — | — | |
| Q4 2018 | +6.1% | — | — | |
| Q3 2018 | +7.6% | — | — | |
| Q2 2018 | -6.8% | — | — | |
| Q1 2018 | -17.8% | — | — | |
| Q4 2017 | +10.0% | — | — | |
| Q3 2017 | -10.3% | — | — | |
| Q2 2017 | -1.1% | — | — | |
| Q1 2017 | -6.7% | — | — | |
| Q4 2016 | +1.0% | — | — | |
| Q3 2016 | +9.4% | — | — | |
| Q2 2016 | +11.8% | — | — | |
| Q1 2016 | +7.7% | — | — | |
| Q4 2015 | -6.1% | — | — | |
| Q3 2015 | -5.2% | — | — | |
| Q2 2015 | +2.8% | — | — | |
| Q1 2015 | -6.7% | — | — | |
| Q4 2014 | -8.5% | — | — | |
| Q3 2014 | +4.7% | — | — | |
| Q2 2014 | -6.8% | — | — | |
| Q1 2014 | -3.7% | — | — | |
| Q4 2013 | -4.9% | — | — | |
| Q3 2013 | -11.8% | — | — | |
| Q2 2013 | +6.7% | — | — | |
| Q1 2013 | -4.0% | — | — | |
| Q4 2012 | +7.0% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q2 2012 | -2.4% | — | — | |
| Q4 2011 | +2.2% | — | — | |
| Q1 2012 | +2.2% | — | — |
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