Reports Q2 revenue $335.06M, consensus $343.97M. “Vital Energy continued to deliver exceptional results in the second quarter, exceeding production expectations while controlling capital investments and operational expenses and delivering more than $60 million of Free Cash Flow,” stated Jason Pigott, President and Chief Executive Officer. “We are highly confident in our ability to execute on our 2023 plan as we further drive down costs, enhance base production and efficiently develop our high-margin inventory to maximize Free Cash Flow generation and reduce debt.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VTLE:
- Vital Energy Reports Second-Quarter 2023 Financial and Operating Results
- Vital Energy price target raised to $119 from $112 at Stifel
- Vital Energy price target raised to $54 from $49 at Mizuho
- Vital Energy raises FY23 total production view to 82-86 MBOE/d from 76-80 MBOE/d
- Vital Energy Provides Select Preliminary Second-Quarter 2023 Results and Increases Full-Year 2023 Production Outlook