Vital Energy reports Q4 adjusted EPS $3.49, consensus $3.86

Reports Q4 revenue $364.13M, consensus $307.53M. Vital Energy’s oil and total production during the period averaged 35,887 BO/d. "Our strong financial performance in 2022 was a direct result of the execution of our strategy to create shareholder value by acquiring and developing oil-weighted properties," commented Jason Pigott, president and CEO. "The assets we acquired since 2019 enabled Vital Energy to capitalize on higher oil prices, drive higher margins, and generate $220 million in Free Cash Flow in 2022. We utilized our Free Cash Flow and divestiture proceeds to reduce term-debt by $285 million and repurchase $37 million of common stock while cutting our leverage ratio almost in half."