Vital Energy, Inc.
vitalenergy.comWhat Do They Do?
Explores for, develops and produces oil, natural gas liquids and natural gas in the Permian Basin, selling production to purchasers and midstream processors.
10-K for FY2024, filed Feb 24, 2025Vital Energy, Inc., together with its wholly-owned subsidiaries, is an independent energy company focused on the acquisition, exploration…View ↗
We market the majority of production from properties we operate for both our account and the account of the other working interest owners.…View ↗
Under its natural gas processing contracts, the Company delivers produced natural gas to a midstream processing entity at the wellhead or…View ↗
How Do They Make Money?
Oil buyers pay an agreed index-based price, adjusted for pricing differences, at the contract delivery point. Midstream processors pay for natural gas liquids and residue gas, sometimes after service-cost deductions.
10-K for FY2024, filed Feb 24, 2025
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10-K for FY2024, filed Feb 24, 2025
FY2024 revenue by product or service ↗
$2B
-
10-K for FY2024, filed Feb 25, 2025
$2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Oil sales
Sold outright
10-K for FY2024, filed Feb 24, 2025 |
89%
FY2021: 58%
|
Oil sales, FY2024
$1.7B Sources
|
Sold outright |
|
NGL sales
Sold outright
10-K for FY2024, filed Feb 24, 2025 |
9.8%
FY2021: 14%
|
NGL sales, FY2024
$190.8M Sources
|
Sold outright |
|
Natural gas sales
Sold outright
|
0.8%
FY2021: 11%
|
Natural gas sales, FY2024
$15.5M Sources
|
Sold outright |
|
Purchased oil
Sold outright
|
0.7%
FY2021: 17%
|
Purchased oil, FY2024
$12.7M Sources
|
Sold outright |
|
Other operating revenues
|
0.2%
FY2021: 0.5%
|
Other operating revenues, FY2024
$4.3M Sources
|
Who Are Their Customers?
Vital sells most production from properties it operates under contracts to purchasers; midstream processors handle some natural gas and pay for NGL and residue gas, then sell those products to third parties.
10-K for FY2024, filed Feb 24, 2025
Do Revenues Turn Into Profits?
No. It lost $173.5M in FY2024.
10-K for FY2024, filed Feb 25, 2025
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Nov 4, 2025
−$353.5MView ↗
- ▼ Now a loss
- vs $215.3M in Q3 FY2024
10-Q for Q3 FY2025, filed Nov 3, 2025
Open tableView ↗
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Dec 15, 2025
Crescent completed its merger with Vital
Vital shares were converted into Crescent stock and ceased to exist as separate shares.
Sources
8-K, filed Dec 15, 2025
As discussed in the Introductory Note above, on the Closing Date, the Mergers were consummated in accordance with the terms of the Merger…View ↗
-
Aug 25, 2025
Vital agreed to an all-stock merger with Crescent
Vital shareholders were to receive 1.9062 Crescent shares for each Vital share.
Sources
8-K, filed Aug 25, 2025
at the effective time of the First Company Merger (the “Effective Time”), (i) each share of capital stock of Merger Sub Inc. issued and…View ↗
Growing. Revenue grew 2.9x in 4 years, from $677.2M in FY2020 to $2B in FY2024, about 30% a year.
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