Vital Energy Inc. (NYSE: VTLE) saw its stock price plummet by 5.02% in intraday trading on Friday, following the release of the company's full-year 2024 financial results, which fell short of analyst expectations.
The oil and gas company reported a net loss of $174.2 million for the fiscal year 2024, a significant decline from the $694.6 million profit recorded in the previous year. Additionally, Vital Energy's revenue of $1.95 billion missed analyst estimates by 1.4%, while the reported earnings per share (EPS) of -$4.74 also fell below expectations.
Looking ahead, Vital Energy's revenue is forecast to grow at an average annual rate of 2.1% over the next two years, which is lower than the 4.5% growth projected for the broader U.S. oil and gas industry. The company's weak financial performance and subdued growth outlook appear to have weighed heavily on investor sentiment, contributing to the stock's sharp decline on Friday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。