Vital Energy, Inc. ( (VTLE) ) has released its Q4 earnings. Here is a breakdown of the information Vital Energy, Inc. presented to its investors.
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Vital Energy, Inc. is an independent energy company headquartered in Tulsa, Oklahoma, primarily engaged in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas.
In its latest earnings report, Vital Energy announced record-breaking production levels for both the fourth quarter and full year of 2024, despite facing a net loss. The company highlighted successful integration of new assets and significant cost management as key achievements.
During the fourth quarter, Vital Energy reported a net loss of $359.4 million, primarily due to a significant non-cash impairment charge. However, the company achieved an adjusted net income of $86.5 million and generated $110.8 million in adjusted free cash flow. Production levels reached a record 147.8 thousand barrels of oil equivalent per day. For the full year, the company reported a net loss of $173.5 million but achieved an adjusted net income of $270 million and proved reserves increased by 12% to 455.3 million BOE.
Looking ahead to 2025, Vital Energy plans to focus on cost reduction, maximizing free cash flow, and debt reduction. The company aims to maintain strong production levels while optimizing its asset base to continue improving operational efficiencies and financial performance.
