Shares of Vital Energy Inc (VTLE) surged over 5% in pre-market trading on Wednesday, following the company's better-than-expected earnings report for the third quarter of 2024.
The oil and gas exploration company reported adjusted earnings of $1.61 per share for the quarter ended September 30, surpassing analysts' consensus estimate of $1.45 per share. While revenue grew 5.4% year-over-year to $459.23 million, it narrowly missed the Wall Street forecast of $459.84 million.
Vital Energy's strong quarterly profit was driven by higher realized prices for oil and natural gas, as well as increased production volumes. The company reported net income of $215.3 million for the quarter.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。