Vital Energy, Inc. reported its first-quarter 2025 financial and operating results on May 12, 2025. The company posted a net loss of $18.8 million, or $(0.50) per diluted share, which included a non-cash pre-tax impairment loss of $158.2 million.
Despite the impairment, Adjusted Net Income was $89.5 million, or $2.37 per adjusted diluted share, and cash flows from operating activities were $351.0 million. Vital Energy successfully reduced net debt by $135 million in Q1 2025, supported by adjusted free cash flow and a non-core asset sale.
Operational performance exceeded expectations, with total production averaging 140,159 BOE/d and oil production at 64,893 BO/d, both above the midpoint of guidance. Lease operating expenses (LOE) were $8.20 per BOE, 12% below the guidance midpoint, reflecting ongoing cost optimization efforts. The company reaffirmed its full-year 2025 outlook, targeting approximately $265 million of Adjusted Free Cash Flow and a $300 million reduction in Net Debt.
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