NYSE$VTLE
Vital Energy Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Vital Energy reported its fourth-quarter and full-year 2024 financial and operating results, achieving record total and oil production for the quarter and updating its development inventory to over 11 years of oil-weighted locations.
Vital Energy reported a net loss of $359.4 million for Q4 2024, with an Adjusted Net Income of $86.5 million. The company achieved record total production of 147.8 MBOE/d and oil production of 69.8 MBO/d, exceeding guidance. Lease operating expenses were below guidance, and the company successfully integrated Point Energy assets.
- Successfully integrated Point Energy assets, with acquired production exceeding expectations and operating cost reductions in-line with expectations.
- Reported a net loss of $359.4 million, Adjusted Net Income of $86.5 million, and cash flows from operating activities of $257.2 million.
- Generated Consolidated EBITDAX of $383.5 million and Adjusted Free Cash Flow of $110.8 million.
- Produced Company-record 147.8 thousand barrels of oil equivalent per day (MBOE/d) and oil production of 69.8 thousand barrels of oil per day (MBO/d).
Headline financials
Revenue & EPS history
Vital Energy · Revenue · Quarterly
$534M
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 2025 development plan aims to maximize cash flow for debt repayment, supported by a robust hedge position, with lower capital investment levels and slightly lower oil production compared to earlier projections.
Tailwinds
- Expected to generate approximately $330 million of Adjusted Free Cash Flow at $70 per barrel WTI.
- Capital investments are projected to be approximately 3% lower than earlier projections due to efficiencies and lower costs.
- Company expects to complete approximately the same net lateral feet as in 2024.
- Average LOE for Q1 and Q2 2025 is expected to be around $9.20 per BOE, with a target to achieve LOE below $9.00 per BOE by the end of 2025.
- Increased oil-weighted inventory to ~925 locations, with ~400 breaking even below $50 per barrel WTI.
Headwinds
- Total production is expected to be 134.0 - 140.0 MBOE/d, approximately 3% lower than earlier projections.
- Oil production is expected to be 62.5 - 66.5 MBO/d, approximately 3% lower than earlier projections.
- The shortfall in production is related to operational delays and the underperformance of a seven-well development package in Upton County.
- Some workover expense was deferred from Q4 2024 into Q1 2025, impacting LOE in the near term.
- Capital investments are planned to be $825 - $925 million, excluding non-budgeted acquisitions and leasehold expenditures.
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 2024
-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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