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TULSA - Vital Energy, Inc. (NYSE:VTLE) reported better-than-expected first quarter earnings on Monday, though revenue fell short of analyst forecasts. VTLE stock was up slightly, by 0.24%, in afterhours trading.
The oil and gas producer posted adjusted earnings per share of $2.37, topping the consensus estimate of $2.08. Revenue came in at $512.18 million, below the $534.33 million analysts were expecting.
Vital Energy produced 140,159 barrels of oil equivalent per day in Q1, within its guidance range. Oil production averaged 64,893 barrels per day.
The company generated $64.5 million in adjusted free cash flow during the quarter. It reduced total debt by $145 million and net debt by $133.5 million through free cash flow, working capital changes, and proceeds from a non-core asset sale.
"Our first quarter performance highlights the quality of our inventory and the ongoing success of our optimization efforts," said CEO Jason Pigott. "Our team is focused on generating sustainable efficiency gains and lower costs across our business and delivering on our targets for Adjusted Free Cash Flow and debt reduction."
For full-year 2025, Vital Energy expects to generate approximately $265 million of adjusted free cash flow at current oil prices around $59 per barrel WTI. It aims to reduce net debt by about $300 million this year.
The company said it has hedged around 90% of expected oil production for the remainder of 2025 at an average WTI price of $70.61 per barrel, providing cash flow support.
Vital Energy reiterated its full-year 2025 outlook but said it is closely monitoring commodity prices and service costs. The company noted it has flexibility to adjust development plans if needed, with no rig or completion contracts extending beyond March 2026.
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