Vital Energy Earnings Reports

Vital Energy reported a net loss of $359.4 million, but achieved Adjusted Net Income of $86.5 million. The company produced a record 147.8 thousand barrels of oil equivalent per day and oil production of 69.8 thousand barrels of oil per day. They also successfully integrated Point Energy assets and are focused on cost reduction and debt repayment in 2025.

Vital Energy reported a strong third quarter in 2024, marked by record production and the successful acquisition of Point Energy. The company increased its full-year total and oil production guidance due to the outperformance of acquired assets and optimized operations. They closed the Point Energy acquisition for $815 million.

Vital Energy reported record quarterly total and oil production, with 129.4 MBOE/d and 59.2 MBO/d, respectively. Net income was $36.7 million, and Adjusted Free Cash Flow was $44.7 million. The company also increased its full-year 2024 total and oil production forecast and increased estimated sub-$50 WTI breakeven locations by ~45%.

Vital Energy reported a net loss of $66.1 million, but an adjusted net income of $68.1 million. The company set record total and oil production, averaging 124.7 MBOE/d and 58.5 MBO/d, respectively. Capital investments totaled $217.9 million, excluding non-budgeted acquisitions and leasehold expenditures.

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.

Vital Energy reported a successful third quarter in 2023, characterized by record production levels that surpassed guidance, strategic acquisitions, and efficient capital investments, resulting in robust financial performance and strong free cash flow generation.

Vital Energy reported strong second-quarter 2023 results, exceeding production expectations while controlling capital investments and operational expenses. The company generated over $60 million in Free Cash Flow and closed two accretive, high-value oil acquisitions. Increased expectations for full-year 2023 production and reduced capital investment guidance.

Vital Energy reported strong first-quarter 2023 results, exceeding production guidance, investing below capital expenditure guidance, achieving emissions targets, and closing an accretive acquisition. Net income was $113.9 million, and cash flows from operating activities were $116.1 million.

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.

Laredo Petroleum reported a net income of $337.5 million and free cash flow of $51.4 million for Q3 2022. The company repurchased $170 million of debt and equity, reduced its leverage ratio, and maintained liquidity of more than $1 billion.

Laredo Petroleum announced strong second-quarter 2022 financial results, including a net income of $262.5 million. The company reported record Adjusted EBITDA and Free Cash Flow, and introduced a plan to return capital to shareholders through a $200 million equity repurchase program.

Laredo Petroleum reported a net loss of $86.8 million but generated adjusted EBITDA of $222.1 million and Free Cash Flow of $23.2 million. The company reduced its Net Debt/Consolidated EBITDAX ratio to 1.9x and produced 40,295 barrels of oil per day and 85,118 barrels of oil equivalent per day.

Laredo Petroleum reported strong Q4 2021 results, marked by increased oil production, strategic acquisitions, and a focus on capital efficiency and leverage reduction. The company exceeded guidance ranges for both oil and total production, driven by strong well performance in Howard and western Glasscock counties.

Laredo Petroleum reported a net income of $136.8 million for Q3 2021, driven by strategic acquisitions and increased oil production. The company produced an average of 76,703 BOE per day, including 35,329 barrels of oil per day. Laredo closed the Sabalo Energy acquisition and a divestiture on July 1, 2021, and also closed the western Glasscock County acquisition on October 18, 2021. Capital expenditures totaled $137 million.

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.

Laredo Petroleum reported a net loss of $75.4 million, but generated $71 million in cash flows from operating activities and $22 million in free cash flow. The company reduced net debt by $30 million and increased oil production by 11% compared to the previous quarter, despite weather-related disruptions.

Laredo Petroleum reported a net loss attributable to common stockholders of $165.9 million for Q4 2020, which included a non-cash full cost ceiling impairment charge of $109.8 million. Adjusted Net Income was $37.8 million, and Adjusted EBITDA was $120.0 million. The company's total production averaged 82,552 BOE per day, including oil production of 21,929 BOPD.

Laredo Petroleum reported a net loss of $237.4 million, or $20.32 per diluted share, but generated $71 million in free cash flow and reduced net debt by $64 million. The company also increased its fourth-quarter and full-year 2020 oil and total production guidance while maintaining its full-year capital expenditure guidance.

Laredo Petroleum reported a net loss attributable to common stockholders of $545.5 million, or $46.75 per diluted share, for the second quarter of 2020. Adjusted Net Income was $28.4 million, or $2.43 per adjusted diluted share, and Adjusted EBITDA was $132.8 million.

Laredo Petroleum reported a net income of $235.1 million, or $1.01 per diluted share for the first quarter of 2020. The company's average daily oil equivalent sales volumes were 86,532 BOE per day, including oil production of 29,178 BOPD. They have reduced their planned capital expenditures by more than 40% versus their original budget and continue to focus on Free Cash Flow generation.

Laredo Petroleum reported a net loss of $241.7 million for Q4 2019, which included a non-cash impairment charge of $222.7 million. However, adjusted net income was $39.7 million, and adjusted EBITDA was $137.9 million. The company exceeded oil and total production expectations and completed 15 horizontal wells.