21 Mar 2019securities registration● Neutral
Vital Energy, Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Mar 2019substantial holder notice● Neutral
BlackRock, Inc reported a Vital Energy, Inc. shareholding of 23,586,126 shares (10.10% of votes) in a periodic institutional filing.
13 Feb 2019quarterly activities report▼ Bad
Vital Energy (then Laredo Petroleum) reported fourth-quarter 2018 net income of $149.6 million and full-year 2018 net income of $324.6 million. Fourth-quarter production averaged 70,653 BOE per day, and it planned a 2019 capital budget of about $365 million.
12 Feb 2019substantial holder notice● Neutral
The Vanguard Group reported a Vital Energy, Inc. shareholding of 18,059,600 shares (7.72% of votes) in a periodic institutional filing.
8 Feb 2019substantial holder notice● Neutral
SailingStone Capital Partners LLC, SailingStone Holdings LLC, MacKenzie B. Davis, Kenneth L. Settles Jr reported a Vital Energy, Inc. shareholding of 38,194,191 shares (16.30% of votes) in a periodic institutional filing.
22 Jan 2019quarterly activities report● Neutral
Vital Energy (then Laredo Petroleum) scheduled its fourth-quarter and full-year 2018 earnings call for February 14, 2019. It expected a fourth-quarter 2018 derivatives gain of about $112.2 million and a full-year gain of about $43.0 million.
14 Dec 2018substantial holder notice● Neutral
SPO Partners II, L.P, SPO Advisory Partners, L.P, San Francisco Partners, L.P, SF Advisory Partners, L.P, SPO Advisory Corp, John H. Scully, Phoebe Snow Foundation, Inc, Eli J. Weinberg reported no remaining Vital Energy, Inc. shareholding in its periodic institutional filing.
7 Dec 2018substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial Vital Energy, Inc. shareholding (10.40% of votes).
6 Nov 2018quarterly activities report● Neutral
Laredo Petroleum (now Vital Energy) filed its 10-Q for the quarter ended September 30, 2018. Oil sales were $160.0 million, up from $110.2 million a year earlier, and cash was $50.4 million.
5 Nov 2018quarterly activities report● Neutral
Laredo Petroleum (now Vital Energy) reported third-quarter 2018 net income of $55.1 million and record production of 71,382 BOE per day, up 19% year on year. It said it would begin shifting to lower-density well spacing.
16 Oct 2018quarterly activities report● Neutral
Vital Energy (then Laredo Petroleum) scheduled its third-quarter 2018 earnings call for November 6 and expected a Q3 derivatives loss of about $32.2 million. It also updated weighted-average share counts.
2 Aug 2018quarterly activities report● Neutral
Vital Energy (then Laredo Petroleum) reported second-quarter 2018 total revenues of $351.0 million, up from $187.0 million a year earlier, in its 10-Q for the period ended June 30, 2018.
1 Aug 2018quarterly activities report● Neutral
Vital Energy (then Laredo Petroleum) announced its second-quarter 2018 results, furnishing a press release and earnings presentation, and set a call for August 2, 2018.
18 July 2018quarterly activities report● Neutral
Vital Energy (then Laredo Petroleum) announced its second-quarter 2018 earnings call and gave preliminary derivatives results and updated weighted-average share counts. No revenue or net income figures were given.
18 May 2018agm notice● Neutral
Vital Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
3 May 2018quarterly activities report● Neutral
Vital Energy (then Laredo Petroleum) reported first-quarter 2018 total revenues of $259.7 million, up from $189.0 million a year earlier, with operating income of $93.2 million.
2 May 2018quarterly activities report● Neutral
Laredo Petroleum announced its financial and operating results for the quarter ended March 31, 2018, with a call set for May 3, 2018.
23 Apr 2018material agreement▲ GoodMajor
On April 19, 2018 the company amended its senior secured credit facility: the borrowing base rose from $1.0 billion to $1.3 billion, the elected commitment from $1.0 billion to $1.2 billion, and maturity was extended to April 19, 2023 (earlier if the January 2022 or March 2023 notes are not refinanced 90 days before their maturity). Interest margins and letter-of-credit fees fell by 0.750%, and caps on investments, distributions and senior note redemptions were removed subject to conditions. This follows the October 2017 reaffirmation of the $1.0 billion borrowing base.
18 Apr 2018quarterly activities report● Neutral
Laredo Petroleum announced its first-quarter 2018 earnings call and gave preliminary first-quarter commodity derivatives results and updated weighted-average share counts.
28 Mar 2018agm notice● Neutral
Vital Energy, Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
28 Mar 2018agm notice● Neutral
Vital Energy (then Laredo Petroleum) sent its proxy statement for the May 17, 2018 annual meeting in Tulsa, asking holders to elect three directors, ratify Grant Thornton, and vote on executive pay and its frequency.
21 Feb 2018director interest notice● Neutral
Vital Energy, Inc. Senior V.P. Operations Daniel C Schooley acquired 287,198 shares and disposed of 9,311 in a set of related equity transactions.
21 Feb 2018director interest notice● Neutral
Vital Energy, Inc. Sr. VP & General Counsel Kenneth E Dornblaser acquired 161,836 shares and disposed of 9,460 in a set of related equity transactions.
21 Feb 2018director interest notice● Neutral
Vital Energy, Inc. Chairman & CEO Randy A Foutch acquired 800,895 shares and disposed of 36,273 in a set of related equity transactions.
21 Feb 2018director interest notice● Neutral
Vital Energy, Inc. VP - Controller & CAO Michael T Beyer acquired 80,797 shares and disposed of 5,158 in a set of related equity transactions.
21 Feb 2018director interest notice● Neutral
Vital Energy, Inc. Sr. VP - Exploration & Land Patrick J Curth acquired 27,174 shares and disposed of 10,179 in a set of related equity transactions.
21 Feb 2018director interest notice● Neutral
Vital Energy, Inc. Executive Vice President & CFO Richard C Buterbaugh acquired 358,092 shares and disposed of 16,358 in a set of related equity transactions.
14 Feb 2018substantial holder notice● Neutral
Capital Research Global Investors ** reported no remaining Vital Energy, Inc. shareholding in its periodic institutional filing.
14 Feb 2018substantial holder notice● Neutral
SPO Partners II, L.P, SPO Advisory Partners, L.P, San Francisco Partners, L.P, SF Advisory Partners, L.P, SPO Advisory Corp, John H. Scully, Phoebe Snow Foundation, Inc, Eli J. Weinberg reported a Vital Energy, Inc. shareholding of 21,408,805 shares (8.80% of votes) in a periodic institutional filing.
14 Feb 2018quarterly activities report● Neutral
Laredo Petroleum announced its fourth-quarter and full-year 2017 results and separately said its board had authorized a $200 million share repurchase program.