Past year: ▼ 8%(10.0c – 18.0c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Aug 2024quarterly activities report● Neutral
Vital Energy announced its financial and operating results for the quarter ended June 30, 2024, and posted an investor presentation. The 8-K itself did not state the figures, which were in the attached press release.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director Lori A Lancaster received a stock option grant for 941 shares.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director John Driver received a stock option grant for 941 shares.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director Frances Powell Hawes acquired 470 shares at $42.55 under a company stock plan.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director Craig Jarchow received a stock option grant for 941 shares.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director Edmund P Segner III received a stock option grant for 941 shares.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director Lisa Marie Lambert acquired 941 shares at $42.55 under a company stock plan.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director William E Albrecht received a stock option grant for 1,161 shares.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director Jarvis V. Hollingsworth acquired 941 shares at $42.55 under a company stock plan.
5 Aug 2024director interest notice● Neutral
Vital Energy, Inc. director Shihab A. Kuran acquired 941 shares at $42.55 under a company stock plan.
29 July 2024material agreement● NeutralMajor
On July 27, 2024, Vital agreed with Northern Oil and Gas to buy Point Energy Partners' oil and gas properties in Ward and Winkler Counties for $1.1 billion in cash before adjustments. Vital would take 80% for $880 million and operate the assets, with NOG taking 20% for $220 million. Vital expects to fund it with borrowings under its senior secured credface facility and to close in the third quarter of 2024; the press release says price adjustments of about $75 million are expected and that the credit facility was recently expanded to $1.5 billion. This is a new acquisition, and it is expected to be funded with credit facility debt rather than new stock.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director Lisa Marie Lambert acquired 842 shares at $47.55 under a company stock plan.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director John Driver received a stock option grant for 842 shares.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director Craig Jarchow received a stock option grant for 842 shares.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director Shihab A. Kuran acquired 842 shares at $47.55 under a company stock plan.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director Lori A Lancaster received a stock option grant for 842 shares.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director Jarvis V. Hollingsworth acquired 842 shares at $47.55 under a company stock plan.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director Edmund P Segner III received a stock option grant for 842 shares.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director William E Albrecht received a stock option grant for 940 shares.
28 May 2024director interest notice● Neutral
Vital Energy, Inc. director Frances Powell Hawes acquired 421 shares at $47.55 under a company stock plan.
9 May 2024quarterly activities report● Neutral
Vital Energy filed its quarterly report for the three months ended March 31, 2024, covering the period that included the February 2024 PEP acquisition and March 2024 note refinancing activity.
8 May 2024quarterly activities report● Neutral
Vital Energy announced its financial and operating results for the quarter ended March 31, 2024, and posted an investor presentation. The 8-K itself did not state the figures, which were in the attached press release.
8 Apr 2024agm notice● Neutral
Vital Energy filed its 2024 proxy statement for the annual meeting on May 23, 2024. Stockholders were asked to vote on three Class II directors, auditor ratification, executive pay, and other proposals including an equity plan amendment and charter changes.
8 Apr 2024agm notice● Neutral
Vital Energy, Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
3 Apr 2024debt financing● NeutralMajor
Vital issued an additional $200 million of its 7.875% senior notes due 2032 on April 3, 2024, on top of the $800 million issued March 28, bringing the series to $1.0 billion (arithmetic from the two filings). Net proceeds were about $197.2 million and are to be used to repay or repurchase debt, including funding the cash tender offers for its 10.125% 2028 notes and 9.750% 2030 notes, and for general corporate purposes. The filing also furnishes a press release announcing an upsize of the 2030 notes tender offer, but the new size is not in the text provided.
3 Apr 2024director interest notice● Neutral
Stephen L Faulkner Jr. became a Vital Energy, Inc. VP & CAO and company insider (initial ownership filing).
3 Apr 2024director interest notice● Neutral
Vital Energy, Inc. VP & CAO Stephen L Faulkner Jr. acquired 4,548 shares at $52.64 under a company stock plan.
28 Mar 2024debt financing● NeutralMajor
Vital closed its $800 million offering of 7.875% senior unsecured notes due April 15, 2032 on March 28, 2024, issued under an indenture with U.S. Bank Trust Company as trustee and guaranteed by Vital Midstream Services, LLC. This completes the notes priced on March 14; interest is paid twice a year starting October 15, 2024. The filing does not itself state how the proceeds were used (the earlier filing said tender offers and/or credit facility repayment).
27 Mar 2024agm 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).
15 Mar 2024material agreement● NeutralMajor
On March 14, 2024, Vital agreed to sell $800.0 million of 7.875% senior unsecured notes due 2032, expected to close around March 28, 2024, for net proceeds of about $786.0 million. The attached launch press release described a smaller $575.0 million size, so the offering was upsized by the pricing. The proceeds, with existing liquidity, are slated to fund cash tender offers for up to $475.0 million of the 10.125% 2028 notes and up to $75.0 million of the 9.750% 2030 notes, and/or to repay credit facility borrowings. This begins refinancing the notes sold in September 2023 with new notes.
