We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Vital Energy (VTLE) Q3 Earnings
Read MoreHide Full Article
Vital Energy (VTLE - Free Report) reported $435.51 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 6.2%. EPS of $5.16 for the same period compares to $5.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $401.47 million, representing a surprise of +8.48%. The company delivered an EPS surprise of -0.77%, with the consensus EPS estimate being $5.20.
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: 101,746 BOE/D versus the six-analyst average estimate of 97,190.26 BOE/D.
Sales volumes - Oil equivalents: 9,361 MBOE versus the four-analyst average estimate of 9,009.86 MBOE.
Sales volumes - NGL: 2,421 MBBL compared to the 2,362.82 MBBL average estimate based on three analysts.
Sales volumes - Natural gas: 14,593 MMcf versus the three-analyst average estimate of 14,678.04 MMcf.
Average sales prices per Bbl - NGL: $15.82 compared to the $14.98 average estimate based on three analysts.
Sales volumes - Oil: 4,507 MBBL versus the three-analyst average estimate of 4,479.43 MBBL.
Average sales prices per Bbl - Oil: $83.23 versus $80.72 estimated by three analysts on average.
Average sales prices per Mcf - Natural gas: $1.46 versus $1.53 estimated by three analysts on average.
Average sales prices per Bbl - Oil, with commodity derivatives: $78.62 versus the three-analyst average estimate of $77.16.
Average sales prices per Mcf - Natural gas, with commodity derivatives: $1.32 versus $1.57 estimated by three analysts on average.
Average sales prices per Bbl - NGL, with commodity derivatives: $15.82 compared to the $14.91 average estimate based on two analysts.
Revenues- Natural gas: $21.23 million compared to the $19.91 million average estimate based on two analysts. The reported number represents a change of -71.2% year over year.
Shares of Vital Energy have returned +4.8% over the past month versus the Zacks S&P 500 composite's -1.1% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Vital Energy (VTLE) Q3 Earnings
Vital Energy (VTLE - Free Report) reported $435.51 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 6.2%. EPS of $5.16 for the same period compares to $5.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $401.47 million, representing a surprise of +8.48%. The company delivered an EPS surprise of -0.77%, with the consensus EPS estimate being $5.20.
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: 101,746 BOE/D versus the six-analyst average estimate of 97,190.26 BOE/D.
- Sales volumes - Oil equivalents: 9,361 MBOE versus the four-analyst average estimate of 9,009.86 MBOE.
- Sales volumes - NGL: 2,421 MBBL compared to the 2,362.82 MBBL average estimate based on three analysts.
- Sales volumes - Natural gas: 14,593 MMcf versus the three-analyst average estimate of 14,678.04 MMcf.
- Average sales prices per Bbl - NGL: $15.82 compared to the $14.98 average estimate based on three analysts.
- Sales volumes - Oil: 4,507 MBBL versus the three-analyst average estimate of 4,479.43 MBBL.
- Average sales prices per Bbl - Oil: $83.23 versus $80.72 estimated by three analysts on average.
- Average sales prices per Mcf - Natural gas: $1.46 versus $1.53 estimated by three analysts on average.
- Average sales prices per Bbl - Oil, with commodity derivatives: $78.62 versus the three-analyst average estimate of $77.16.
- Average sales prices per Mcf - Natural gas, with commodity derivatives: $1.32 versus $1.57 estimated by three analysts on average.
- Average sales prices per Bbl - NGL, with commodity derivatives: $15.82 compared to the $14.91 average estimate based on two analysts.
- Revenues- Natural gas: $21.23 million compared to the $19.91 million average estimate based on two analysts. The reported number represents a change of -71.2% year over year.
View all Key Company Metrics for Vital Energy here>>>Shares of Vital Energy have returned +4.8% over the past month versus the Zacks S&P 500 composite's -1.1% 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.