NYSE$VTLE
Vital Energy Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Vital Energy reported strong Q4 2022 financial and operating results, exceeding production guidance and reducing net debt.
Vital Energy announced its fourth-quarter 2022 financial results, reporting a net income of $118.2 million and $191.1 million in Consolidated EBITDAX. The company's oil and total production averaged 35,887 BO/d and 77,947 BOE/d, respectively, exceeding guidance. Capital expenditures were $130 million, below guidance, and the company repurchased $37.3 million of common stock.
- Reported net income of $118.2 million and Consolidated EBITDAX of $191.1 million.
- Oil and total production exceeded guidance at 35,887 BO/d and 77,947 BOE/d, respectively.
- Capital expenditures were $130 million, below guidance due to moderating inflationary pressures.
- Repurchased $37.3 million of common stock at an average price of $76.02 per share.
Headline financials
Revenue & EPS history
Vital Energy · Revenue · Quarterly
$364M
Revenue by segment
Vital Energy · $349M total across 3 segments · Q4 2022
- Oil Sales$282M-3.1%80.8%
- NGL Sales$37.6M-35.7%10.8%
- Natural Gas Sales$29.5M-43.1%8.5%
Forward guidance
Vital Energy plans to invest $625 - $675 million in 2023, maintaining relatively flat year-over-year activity levels. The Company expects full-year 2023 oil production of 34.0 - 37.0 MBO/d and total production of 72.0 - 76.0 MBOE/d.
Tailwinds
- Capital investments are planned between $625 - $675 million in 2023.
- Company expects to operate two drilling rigs and one completions crew for the majority of 2023.
- Capital plan focuses primarily on high-return projects in Howard County.
- Expects to turn-in-line approximately 55 development wells in Howard County.
- Oil production is expected to be 34.0 - 37.0 MBO/d for full-year 2023.
Headwinds
- Estimated cost inflation of approximately 15% over 2022 averages.
- Production guidance does not include volumes associated with the recently announced acquisition.
- The Company plans to update FY-23 guidance post-closing of the acquisition.
- 2023 average oil production is relatively flat with fourth-quarter 2022 levels.
- No increase in prior-year activity levels is planned.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q4 2022
-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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