Vital Energy: Q4 Earnings Snapshot

TULSA, Okla. (AP) — TULSA, Okla. (AP) — Vital Energy, Inc. (VTLE) on Wednesday reported fourth-quarter net income of $281.4 million.

On a per-share basis, the Tulsa, Oklahoma-based company said it had net income of $9.44. Earnings, adjusted for non-recurring gains, were $2.55 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.

The oil and natural gas company posted revenue of $444.5 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $441.6 million.

For the year, the company reported profit of $695.1 million, or $33.44 per share. Revenue was reported as $1.55 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VTLE at https://www.zacks.com/ap/VTLE