Vital Energy Inc reports results for the quarter ended June 30 - Earnings Summary

• Vital Energy Inc VTLE.N reported quarterly adjusted earnings of $2.02​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.46. The mean expectation of twelve analysts for the quarter was for earnings of $1.87 per share. Wall Street expected results to range from $1.72 to $2.22 per share.

• Revenue fell 9.8% to $429.63 million from a year ago; analysts expected $479.56 million.

• Vital Energy Inc's reported EPS for the quarter was a loss of $15.43​.

• The company reported a quarterly loss of $582.57 million.

• Vital Energy Inc shares had risen by 3.6% this quarter and lost 46.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 8 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

• Wall Street's median 12-month price target for Vital Energy Inc is $20.00, about 17.7% above its last closing price of $16.46

This summary was machine generated from LSEG data August 7 at 01:56 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)