TULSA, Okla. (AP) — TULSA, Okla. (AP) — Vital Energy, Inc. (VTLE) on Monday reported a loss of $353.5 million in its third quarter.
On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of $9.35. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The oil and natural gas company posted revenue of $420.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $454.4 million.
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