TULSA, Okla. (AP) — TULSA, Okla. (AP) — Vital Energy, Inc. (VTLE) on Wednesday reported a loss of $66.1 million in its first quarter.
On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of $1.87. Earnings, adjusted for one-time gains and costs, came to $1.91 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The oil and natural gas company posted revenue of $482.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $455 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VTLE at https://www.zacks.com/ap/VTLE
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