First quarter financial results at Vital Energy, Inc. will be released in early May.
The company, based in Tulsa, said they will be made available following the close of markets on Monday, May 12. Its management plans a conference call to discuss the results the next morning at 7:30 on Tuesday, May 13.
With a focus on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas, the independent energy firm recorded a fourth quarter 2024 net loss of $359.4 million, adjusted net income of $86.5 million and cash flows from operating activities of $257.2 million.
The 4Q results also showed Vital had a company-record production of 147.8 thousand barrels of oil equivalent a day and oil production of 69.8 thousand barrels of oil per day.
The company explained its full year 2024 net loss was $173.5 million along with adjusted net income of $270 million and cash flows from operating activities of $1 billion.
