Vital Energy, Inc. reported its fourth-quarter and full-year 2024 financial and operating results on February 19, 2025. The company recorded a net loss of $359.4 million for Q4 2024, which included a substantial non-cash pre-tax impairment loss on oil and gas properties of $481.3 million.
Despite the impairment, Vital Energy achieved record total and oil production for both the fourth quarter and full year 2024. Q4 production averaged 147,819 BOE/d total and 69,827 BO/d oil, exceeding the high end of guidance due to better-than-expected performance from the Point Energy assets.
For 2025, Vital Energy plans to invest $825 - $925 million, targeting total production of 134.0 - 140.0 MBOE/d and oil production of 62.5 - 66.5 MBO/d. The company also updated its oil-weighted inventory to over 11 years of locations, with approximately 925 locations and an average breakeven WTI oil price of around $50.
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