Welcome to our dedicated page for Vital Energy news (Ticker: VTLE), a resource for investors and traders seeking the latest updates and insights on Vital Energy stock.
Vital Energy Inc (NYSE: VTLE) is a Permian Basin-focused independent energy company engaged in oil and natural gas exploration and production. This page serves as a centralized hub for all official corporate announcements, financial disclosures, and operational updates.
Investors and industry observers will find timely access to earnings releases, strategic acquisitions, leadership updates, and operational milestones. The curated news collection enables efficient tracking of the company's capital-efficient development strategies and Permian Basin expansion efforts.
Content is organized to highlight material developments in upstream operations, including drilling progress, resource estimates, and partnership announcements. Regular updates ensure stakeholders maintain current awareness of VTLE's position within the evolving energy landscape.
Bookmark this page for direct access to Vital Energy's verified news stream, or check regularly for updates on operational efficiencies and asset portfolio enhancements in North America's premier hydrocarbon basin.
Vital Energy (NYSE: VTLE) has announced a joint acquisition with Northern Oil and Gas (NYSE: NOG) to purchase Point Energy Partners' assets for $1.1 billion. Vital Energy will acquire 80% of the assets for $820 million, expanding its Delaware Basin position by 25% to 84,000-net acres. The transaction adds 68 high-return gross locations and approximately 30.0 MBOE/d production (67% oil). Key highlights include:
- Immediately accretive, priced at 2.4x NTM Consolidated EBITDAX
- Expected to increase NTM Adjusted Free Cash Flow by >30%
- Adds 16,300 net acres with estimated average breakeven oil price of $47/barrel
- Leverage expected to be 1.5x at closing, reducing to 1.3x within 12 months
- Closing expected by end of Q3 2024, subject to conditions
Vital Energy (NYSE: VTLE) has announced its schedule for releasing second-quarter 2024 financial and operating results. The company will report its results after the market closes on Wednesday, August 7, 2024. Following this, Vital Energy will host a conference call and webcast on Thursday, August 8, 2024, at 7:30 a.m. CT.
Investors and interested parties can participate in the call by dialing 800.715.9871 and using the conference code 8366349. Alternatively, they can listen to the call via the company's website at www.vitalenergy.com under the 'Investor Relations | News & Presentations | Upcoming Events' section.
Vital Energy (NYSE: VTLE) announced the mandatory conversion of its 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock into common stock. The conversion will take place on June 4, 2024, and will not require any action from the holders of the Series A Preferred Stock. As of May 28, 2024, there were 1,575,376 shares of Series A Preferred Stock outstanding. Each share of Series A Preferred Stock will convert into one share of common stock. Following the conversion, the Series A Preferred Stock will cease to exist, and all associated rights will terminate.
Vital Energy, Inc. (NYSE: VTLE) reported strong first-quarter 2024 financial and operating results, setting total and oil production records, exceeding cash flow expectations, and achieving a 20-well package completion ahead of schedule. While facing a net loss of $66.1 million, the company generated Adjusted Net Income of $68.1 million, with Consolidated EBITDAX of $301.3 million and Adjusted Free Cash Flow of $43.3 million.
FAQ
What is the current stock price of Vital Energy (VTLE)?
What is the market cap of Vital Energy (VTLE)?
