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 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenues: | ||||||||
| Total revenues | 1,952,314 | 1,547,604 | 1,920,796 | 1,394,075 | 677,192 | 837,281 | 1,105,775 | — |
| Oil sales | — | — | 1,351,207 | 805,448 | 367,792 | 572,918 | 605,197 | — |
| NGL sales | — | — | 234,613 | 191,591 | 78,246 | 100,330 | 149,843 | — |
| Natural gas sales | — | — | 208,554 | 150,104 | 50,317 | 33,300 | 53,490 | — |
| Midstream service revenues | — | — | — | — | 8,249 | 11,928 | 8,987 | — |
| 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 | 172,588 | 118,805 | 288,258 | — |
| Other operating revenues | — | 4,658 | 7,014 | 6,629 | — | — | — | — |
| Other operating revenues | 4,279 | — | — | — | — | — | — | — |
| Costs and expenses: | ||||||||
| Lease operating expenses | — | — | — | — | — | — | — | 75,049 |
| Lease operating expenses | 448,078 | 261,129 | 173,983 | 101,994 | 82,020 | 90,786 | 91,289 | — |
| Production and ad valorem taxes | 117,947 | 93,224 | 110,997 | 68,742 | 33,050 | 40,712 | 49,457 | 37,802 |
| Midstream service expenses | — | — | — | — | — | — | — | 4,099 |
| Costs of purchased oil | — | — | — | — | — | — | — | 195,908 |
| Transportation and marketing expenses | — | — | 53,692 | 47,916 | 49,927 | 25,397 | 11,704 | — |
| Midstream service revenues | — | — | — | — | 3,762 | 4,486 | 2,872 | — |
| Oil transportation and marketing expenses | 44,843 | 41,284 | — | 47,916 | — | — | — | — |
| Purchased oil | 13,243 | 15,065 | 122,118 | 251,061 | 194,862 | 122,638 | 288,674 | — |
| Gas gathering, processing and transportation expenses | 17,825 | 2,013 | — | 0 | — | — | — | — |
| General and administrative | 101,578 | 104,819 | 68,082 | 62,801 | 50,534 | 54,729 | 96,138 | 96,312 |
| Organizational restructuring expenses | 795 | 1,654 | 10,420 | 9,800 | 4,200 | 16,371 | — | 0 |
| Depletion, depreciation and amortization | 741,966 | 463,244 | 311,640 | 215,355 | 217,101 | 265,746 | 212,677 | 158,389 |
| Impairment expense | 481,305 | 0 | 40 | 1,613 | 899,039 | 620,889 | 0 | 0 |
| Other operating expenses, net | 8,799 | 6,223 | 8,583 | 6,381 | 4,430 | 4,118 | 4,472 | 4,931 |
| Total costs and expenses | 1,976,379 | 988,655 | 859,555 | 765,663 | 1,538,925 | 1,245,872 | 757,283 | 572,490 |
| Gain (loss) on disposal of assets, net | — | — | (1,079) | 84,551 | (963) | (248) | (5,798) | (1,306) |
| Write-off of debt issuance costs | — | — | — | — | (1,103) | (935) | 0 | 0 |
| Gain (loss) on disposal of assets, net | 1,513 | 672 | — | 84,551 | — | — | — | — |
| Operating income (loss) | (22,552) | 559,621 | 1,060,162 | 712,963 | (861,733) | (408,591) | 348,492 | 249,672 |
| Non-operating income (expense): | ||||||||
| Gain (loss) on derivatives, net | 38,140 | 96,230 | (298,723) | (452,175) | 80,114 | 79,151 | 42,984 | 350 |
| Interest expense | — | (149,819) | (125,121) | (113,385) | (105,009) | (61,547) | (57,904) | (89,377) |
| Interest and other income | — | — | — | — | — | — | — | 805 |
| Other income, net | — | — | — | — | — | — | 1,070 | — |
| Litigation settlement | — | — | — | — | 0 | 42,500 | — | — |
| Income from equity method investee (see Note 4.d) | — | — | — | — | — | 0 | 0 | 8,485 |
| Gain on sale of investment in equity method investee (see Note 4.d) | — | — | — | — | — | 0 | 0 | 405,906 |
| Gain (loss) extinguishment of debt, net | — | — | (1,459) | 0 | 8,989 | — | — | — |
| Interest expense | (177,794) | — | — | — | — | — | — | — |
| Loss on extinguishment of debt, net | (66,115) | (4,039) | — | 0 | — | 0 | 0 | (23,761) |
| Other income, net | 7,060 | 9,748 | 2,155 | 1,250 | 1,586 | 4,623 | — | — |
| Total non-operating expense, net | (198,709) | (47,880) | (423,148) | (564,310) | (16,386) | 63,544 | (19,648) | 301,102 |
| Income (loss) before income taxes | (221,261) | 511,741 | 637,014 | 148,653 | (878,119) | (345,047) | 328,844 | 550,774 |
| Current | — | (5,723) | (6,121) | (1,324) | 0 | 0 | 807 | (1,800) |
| Deferred | — | 189,060 | 619 | (2,321) | 3,946 | 2,588 | (5,056) | 0 |
| Income tax benefit (expense) | 47,740 | 183,337 | (5,502) | (3,645) | 3,946 | 2,588 | (4,249) | (1,800) |
| Net income (loss) | (173,521) | 695,078 | 631,512 | 145,008 | (874,173) | (342,459) | 324,595 | 548,974 |
| Basic (in dollars per share) | — | — | — | — | — | — | — | 2.30 |
| Diluted (in dollars per share) | — | — | — | — | — | — | — | 2.29 |
| 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 | (74.92) | (1.48) | 1.40 | — |
| Diluted (in usd per share) | (4.74) | 33.44 | 37.44 | 10.03 | (74.92) | (1.48) | 1.39 | — |
| Weighted-average common shares outstanding: | ||||||||
| Basic (in shares) | 36,725 | 20,254 | 16,672 | 14,240 | 11,668 | 231,295 | 232,339 | 239,096 |
| Diluted (in shares) | 36,725 | 20,783 | 16,867 | 14,464 | 11,668 | 231,295 | 233,172 | 240,122 |
| Oil, NGL and natural gas sales | — | — | — | — | — | — | — | 621,507 |
| Midstream service revenues | — | — | — | — | — | — | — | 10,517 |
| Sales of purchased oil | — | — | — | — | — | — | — | 190,138 |
| Total revenues | — | — | — | — | — | — | — | 822,162 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.
Data on this page was fetched . The filing on SEC.gov is the record.