VTLE · As filed with the SEC
Vital Energy income statement, by fiscal year
The statement as Vital Energy presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated statements of operations · USD thousands, except per-share amounts; shares in thousands
| USD thousands, except per-share amounts; shares in thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | Year ended Dec 31, 2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Revenues: | ||||
| Total revenues | 1,952,314 | 1,547,604 | 1,920,796 | 1,394,075 |
| Oil sales | — | — | 1,351,207 | 805,448 |
| NGL sales | — | — | 234,613 | 191,591 |
| Natural gas sales | — | — | 208,554 | 150,104 |
| Oil sales | 1,728,971 | 1,328,518 | — | 805,448 |
| NGL sales | 190,775 | 136,901 | — | 191,591 |
| Natural gas sales | 15,544 | 63,214 | — | 150,104 |
| Purchased oil | 12,745 | 14,313 | 119,408 | 240,303 |
| Other operating revenues | — | 4,658 | 7,014 | 6,629 |
| Other operating revenues | 4,279 | — | — | — |
| Costs and expenses: | ||||
| Lease operating expenses | 448,078 | 261,129 | 173,983 | 101,994 |
| Production and ad valorem taxes | 117,947 | 93,224 | 110,997 | 68,742 |
| Transportation and marketing expenses | — | — | 53,692 | 47,916 |
| Oil transportation and marketing expenses | 44,843 | 41,284 | — | 47,916 |
| Purchased oil | 13,243 | 15,065 | 122,118 | 251,061 |
| Gas gathering, processing and transportation expenses | 17,825 | 2,013 | — | 0 |
| General and administrative | 101,578 | 104,819 | 68,082 | 62,801 |
| Organizational restructuring expenses | 795 | 1,654 | 10,420 | 9,800 |
| Depletion, depreciation and amortization | 741,966 | 463,244 | 311,640 | 215,355 |
| Impairment expense | 481,305 | 0 | 40 | 1,613 |
| Other operating expenses, net | 8,799 | 6,223 | 8,583 | 6,381 |
| Total costs and expenses | 1,976,379 | 988,655 | 859,555 | 765,663 |
| Gain (loss) on disposal of assets, net | — | — | (1,079) | 84,551 |
| Gain (loss) on disposal of assets, net | 1,513 | 672 | — | 84,551 |
| Operating income (loss) | (22,552) | 559,621 | 1,060,162 | 712,963 |
| Non-operating income (expense): | ||||
| Gain (loss) on derivatives, net | 38,140 | 96,230 | (298,723) | (452,175) |
| Interest expense | — | (149,819) | (125,121) | (113,385) |
| Gain (loss) extinguishment of debt, net | — | — | (1,459) | 0 |
| Interest expense | (177,794) | — | — | — |
| Loss on extinguishment of debt, net | (66,115) | (4,039) | — | 0 |
| Other income, net | 7,060 | 9,748 | 2,155 | 1,250 |
| Total non-operating expense, net | (198,709) | (47,880) | (423,148) | (564,310) |
| Income (loss) before income taxes | (221,261) | 511,741 | 637,014 | 148,653 |
| Current | — | (5,723) | (6,121) | (1,324) |
| Deferred | — | 189,060 | 619 | (2,321) |
| Income tax benefit (expense) | 47,740 | 183,337 | (5,502) | (3,645) |
| Net income (loss) | (173,521) | 695,078 | 631,512 | 145,008 |
| Preferred stock dividends | — | (449) | — | 0 |
| Preferred stock dividends | (652) | — | — | — |
| Net income (loss) available to common stockholders | (174,173) | 694,629 | — | 145,008 |
| Net income (loss) per common share: | ||||
| Basic (in usd per share) | (4.74) | 34.30 | 37.88 | 10.18 |
| Diluted (in usd per share) | (4.74) | 33.44 | 37.44 | 10.03 |
| Weighted-average common shares outstanding: | ||||
| Basic (in shares) | 36,725 | 20,254 | 16,672 | 14,240 |
| Diluted (in shares) | 36,725 | 20,783 | 16,867 | 14,464 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.