NYSE$VTLE
Vital Energy Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Vital Energy's Q4 2023 financial performance was marked by record total and oil production, exceeding guidance, alongside strategic acquisitions and a focus on operational efficiency.
Vital Energy reported a strong fourth quarter in 2023, characterized by record total and oil production that surpassed company guidance. The company's financial results included a net income of $281.4 million and adjusted net income of $76.1 million. Vital Energy also closed three Permian Basin acquisitions and announced a fourth, enhancing its operational scale and inventory.
- Reported record total and oil production, exceeding guidance.
- Net income reached $281.4 million, with adjusted net income at $76.1 million.
- Consolidated EBITDAX was $304.2 million and Adjusted Free Cash Flow was $69.0 million.
- Closed three Permian Basin acquisitions and announced a fourth to expand holdings.
Headline financials
Revenue & EPS history
Vital Energy · Revenue · Quarterly
$445M
Revenue by segment
Vital Energy · $435M total across 3 segments · Q3 2023
- Oil Sales$375M+20.3%86.3%
- NGL Sales$38.3M-35.5%8.8%
- Natural Gas Sales$21.2M-71.2%4.9%
Forward guidance
Vital Energy's 2024 outlook includes capital investments between $750 to $850 million, expected total production of 116.5 - 121.5 MBOE/d, and oil production of 55.0 - 59.0 MBO/d.
Tailwinds
- Plans to invest $750 - $850 million in 2024.
- Aims to increase FY-24 oil production ~10% from 4Q-23 exit.
- Expects total production of 116.5 - 121.5 MBOE/d for full-year 2024.
- Expects oil production of 55.0 - 59.0 MBO/d for full-year 2024.
- Operating four drilling rigs throughout the year and averaging 1.7 completions crews.
Headwinds
- Capital investments are expected to peak in the first quarter.
- Net settlements paid for matured oil commodity derivatives are expected to be $(14) million in Q1 2024.
- Lease operating expenses are expected to be $8.40 per BOE in Q1 2024.
- Oil transportation and marketing expenses are expected to be $0.90 per BOE in Q1 2024.
- Gas gathering, processing and transportation expenses are expected to be $0.35 per BOE in Q1 2024.
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 2023
-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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