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Stock impact report

Vital Energy Reports Third-Quarter 2024 Financial and Operating Results

Vital Energy, Inc., par value $0.01 per share (VTLE) 
Company Research Source: GlobeNewswire
TULSA, OK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported third-quarter 2024 financial and operating results. Strong performance year-to-date also allowed the Company to increase its fourth-quarter and full-year 2024 production outlook. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Thursday, November 7, 2024. Participation details can be found within this release. Highlights Closed the Point Energy acquisition for total cash consideration of $815 million, exclusive of transaction- related expenses and post-closing adjustmentsReported net income of $215.3 million, Adjusted Net Income1 of $60.4 million and cash flows from operating activities of $246.2 millionGenerated Consolidated EBITDAX1 of $309.5 million and Adjusted Free Cash Flow1 of $34.0 millionReduced lease operating expense ("LOE") to $8.78 p Show less Read more
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