TULSA, Okla. (AP) — TULSA, Okla. (AP) — Vital Energy, Inc. (VTLE) on Tuesday reported fourth-quarter earnings of $118.2 million.
The Tulsa, Oklahoma-based company said it had net income of $7.13 per share. Earnings, adjusted for non-recurring gains, came to $3.49 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.29 per share.
The oil and natural gas company posted revenue of $364.1 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $306.6 million.
For the year, the company reported profit of $631.5 million, or $37.44 per share. Revenue was reported as $1.92 billion.
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