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Compared to Estimates, Vital Energy (VTLE) Q2 Earnings: A Look at Key Metrics
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Vital Energy (VTLE - Free Report) reported $335.06 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 40.2%. EPS of $4.35 for the same period compares to $7.50 a year ago.
The reported revenue represents a surprise of -2.16% over the Zacks Consensus Estimate of $342.46 million. With the consensus EPS estimate being $4.07, the EPS surprise was +6.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Vital Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales volumes - Average daily oil equivalent sales volumes: 90030 BOE/D compared to the 89478.34 BOE/D average estimate based on six analysts.
Sales volumes - Oil equivalents: 8193 MBOE compared to the 8133.24 MBOE average estimate based on four analysts.
Sales volumes - NGL: 2050 MBBL versus the three-analyst average estimate of 2025.19 MBBL.
Sales volumes - Natural gas: 12638 MMcf compared to the 12676.17 MMcf average estimate based on three analysts.
Average sales prices per Bbl - NGL: $12.63 versus $12.41 estimated by three analysts on average.
Sales volumes - Oil: 4037 MBBL compared to the 4005.07 MBBL average estimate based on three analysts.
Average sales prices per Bbl - Oil: $74.09 compared to the $73.51 average estimate based on three analysts.
Average sales prices per Mcf - Natural gas: $0.71 versus the three-analyst average estimate of $0.65.
Average sales prices per Bbl - Oil, with commodity derivatives: $74.43 versus the three-analyst average estimate of $73.80.
Average sales prices per Mcf - Natural gas, with commodity derivatives: $1.45 versus the three-analyst average estimate of $1.32.
Revenues- Natural gas: $8.95 million compared to the $15.03 million average estimate based on two analysts. The reported number represents a change of -86.6% year over year.
Revenues- Oil: $299.09 million versus $308.50 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -27.1% change.
Shares of Vital Energy have returned +14% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Vital Energy (VTLE) Q2 Earnings: A Look at Key Metrics
Vital Energy (VTLE - Free Report) reported $335.06 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 40.2%. EPS of $4.35 for the same period compares to $7.50 a year ago.
The reported revenue represents a surprise of -2.16% over the Zacks Consensus Estimate of $342.46 million. With the consensus EPS estimate being $4.07, the EPS surprise was +6.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Vital Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales volumes - Average daily oil equivalent sales volumes: 90030 BOE/D compared to the 89478.34 BOE/D average estimate based on six analysts.
- Sales volumes - Oil equivalents: 8193 MBOE compared to the 8133.24 MBOE average estimate based on four analysts.
- Sales volumes - NGL: 2050 MBBL versus the three-analyst average estimate of 2025.19 MBBL.
- Sales volumes - Natural gas: 12638 MMcf compared to the 12676.17 MMcf average estimate based on three analysts.
- Average sales prices per Bbl - NGL: $12.63 versus $12.41 estimated by three analysts on average.
- Sales volumes - Oil: 4037 MBBL compared to the 4005.07 MBBL average estimate based on three analysts.
- Average sales prices per Bbl - Oil: $74.09 compared to the $73.51 average estimate based on three analysts.
- Average sales prices per Mcf - Natural gas: $0.71 versus the three-analyst average estimate of $0.65.
- Average sales prices per Bbl - Oil, with commodity derivatives: $74.43 versus the three-analyst average estimate of $73.80.
- Average sales prices per Mcf - Natural gas, with commodity derivatives: $1.45 versus the three-analyst average estimate of $1.32.
- Revenues- Natural gas: $8.95 million compared to the $15.03 million average estimate based on two analysts. The reported number represents a change of -86.6% year over year.
- Revenues- Oil: $299.09 million versus $308.50 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -27.1% change.
View all Key Company Metrics for Vital Energy here>>>Shares of Vital Energy have returned +14% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.