Vitalism

Vital Energy Schedules First-Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Monday, April 15, 2024
Vitalism, OK, Webcast

TULSA, OK, April 15, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") will report first-quarter 2024 financial and operating results after the market close on Wednesday, May 8, 2024 and host a conference call and webcast on Thursday, May 9, 2024, at 7:30 a.m. CT.

Key Points: 
  • TULSA, OK, April 15, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") will report first-quarter 2024 financial and operating results after the market close on Wednesday, May 8, 2024 and host a conference call and webcast on Thursday, May 9, 2024, at 7:30 a.m. CT.
    To participate on the call, dial 800.715.9871, using conference code 5520992 or listen to the call via the Company’s website at www.vitalenergy.com “Investor Relations | News & Presentations | Upcoming Events.”

Vital Energy Commences Tender Offers For a Portion of Its Senior Notes Due 2028 and Its Senior Notes Due 2030

Retrieved on: 
Thursday, March 14, 2024
BofA Securities, Offers, Vitalism, Expiration, Date, Settlement, Tender offer, Cryptocurrency

Holders of Notes tendering their Notes after the Early Tender Date will only be eligible to receive the applicable tender offer consideration for such series of Tender Notes set forth in the table above (with respect to each series of Tender Notes, the “Tender Offer Consideration”), which is the applicable Total Consideration less the Early Tender Premium.

Key Points: 
  • Holders of Notes tendering their Notes after the Early Tender Date will only be eligible to receive the applicable tender offer consideration for such series of Tender Notes set forth in the table above (with respect to each series of Tender Notes, the “Tender Offer Consideration”), which is the applicable Total Consideration less the Early Tender Premium.
  • Subject to the Aggregate Maximum Tender Amount, the applicable Series Caps and proration, the Tender Notes tendered at or prior to the Early Tender Date will be accepted for purchase with priority over Tender Notes tendered after the Early Tender Date, but at or prior to the Expiration Date.
  • Acceptance for tenders of any Tender Notes may be subject to proration if the aggregate principal amount for any series of Tender Notes validly tendered and not validly withdrawn would cause the Aggregate Maximum Tender Amount to be exceeded.
  • Furthermore, if the Tender Offers are fully subscribed as of the Early Tender Date, Tender Notes validly tendered after the Early Tender Date will not be accepted for purchase and there will be no Final Settlement Date.

Vital Energy Reports Fourth-Quarter and Full-Year 2023 Financial and Operating Results

Retrieved on: 
Wednesday, February 21, 2024
Permian, Vitalism, Delaware Basin, TIL, Investment, OK, GAAP, LTIP, Consolidated, WTI, Webcast, G&A, MBO, GHG, Methane

TULSA, OK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported fourth-quarter and full-year 2023 financial and operating results and provided its 2024 outlook. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Thursday, February 22, 2024. Participation details can be found within this release.

Key Points: 
  • Plans to invest $750 - $850 million, increasing FY-24 oil production ~10% from 4Q-23 exit
    TULSA, OK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported fourth-quarter and full-year 2023 financial and operating results and provided its 2024 outlook.
  • "We now have the scale and inventory to sustainably maximize cash flows from operating activities and generate Adjusted Free Cash Flow.
  • In 2023, Vital Energy published the Company's fourth Sustainability Report and an inaugural Climate Risk and Resilience Report.
  • In 2023, Vital Energy expanded this certification to approximately 60% of its gross operated oil production and became the first company to receive the TrustWell Low Methane Rating.

Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024

Retrieved on: 
Thursday, March 7, 2024
Oil, Gas, Energy, Permian, Vitalism, Acquisition, Natural gas, Sale, OCF, GAAP, Security (finance)

Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2023 and provided initial guidance for 2024.

Key Points: 
  • Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today reported financial and operating results for the fourth quarter and full-year 2023 and provided initial guidance for 2024.
  • Luke Brandenberg, President and CEO of Granite Ridge, commented, “We were pleased to end fourth quarter and full year 2023 with an average daily production increase of 18% and 23%, respectively.
  • While we are typically a buyer of assets, we are always looking for opportunities to redeploy capital at attractive valuations.
  • The Company’s total production for the quarter grew 18% from the prior year quarter to 26,034 Boe per day.

CE Brands Announces Amended Short Form Prospectus Offering

Retrieved on: 
Wednesday, February 21, 2024
AB, Prospectus, Amendment, TSX Venture Exchange, Integral, Sale, Vitalism, Offering

CALGARY, AB, Feb. 21, 2024 /CNW/ - CE Brands Inc. (TSXV: CEBI) ("CE Brands"), a data-driven consumer electronics company, reports that, further to the filing of CE Brands' preliminary short form prospectus qualifying the public offering (the "Offering") of common shares in the capital of CE Brands (the "Shares"), which was previously announced on November 20, 2023, CE Brands has filed an amended and restated preliminary short form prospectus (the "Amended Prospectus") with the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan (collectively, the "Amendment").

Key Points: 
  • CALGARY, AB, Feb. 21, 2024 /CNW/ - CE Brands Inc. (TSXV: CEBI) ("CE Brands"), a data-driven consumer electronics company, reports that, further to the filing of CE Brands' preliminary short form prospectus qualifying the public offering (the "Offering") of common shares in the capital of CE Brands (the "Shares"), which was previously announced on November 20, 2023, CE Brands has filed an amended and restated preliminary short form prospectus (the "Amended Prospectus") with the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan (collectively, the "Amendment").
  • CE Brands is pleased to announce that, pursuant to the Amendment and as further described in the Amended Prospectus, the Offering will now be for 25,000,000 Shares at an issue price of $0.20 per Share, for gross proceeds of $5,000,000.
  • As previously announced on November 20, 2023, CE Brands has engaged Integral Wealth Securities Limited ("Integral") as the sole agent for the Offering, to use commercially reasonable efforts to market the Offering.
  • Pursuant to the Amendment, CE Brands can now report that the number of Over-Allotment Shares shall be 2,500,000.

Vital Energy Closes Second Transaction to Acquire Additional Working Interests Related to Recent Permian Basin Acquisition

Retrieved on: 
Monday, February 5, 2024
OK, GAAP, Exercise, Vitalism, HH, Henry, WTI, Acquisition, Sale

TULSA, OK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced the second acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC (collectively "Henry") for total consideration of approximately $78 million1.

Key Points: 
  • TULSA, OK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced the second acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC (collectively "Henry") for total consideration of approximately $78 million1.
  • This is the second transaction associated with the exercise of tag-along rights by owners of certain assets in the Henry acquisition.
  • Vital Energy purchased and financed the assets on the same terms as the Henry purchase and sale agreement, which valued the Company’s shares at $54.96.
  • "We are pleased to have closed our second transaction to increase our working interests in high-value properties associated with the Henry acquisition," stated Jason Pigott, President and Chief Executive Officer.

Granite Ridge Resources Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 a.m. Central Time

Retrieved on: 
Friday, February 2, 2024
Energy, Other Energy, Oil, Gas, Permian, Security (finance), Eagle Ford, Dallas, Acceleration, Vitalism, Henry Hub, WTI, Strategic partnership, Acquisition, Sale, NSAI, Vital, Reinsurance

Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today provided an operational update and released select preliminary fourth-quarter 2023 results.

Key Points: 
  • Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today provided an operational update and released select preliminary fourth-quarter 2023 results.
  • The Company also provided details for the Company’s fourth-quarter and full-year 2023 earnings release and conference call below.
  • The assets sold consisted of approximately 1,658 net acres and 45 gross (9.9 net) producing wells in the Permian Basin.
  • The following table sets forth summary information by reserve category with respect to estimated proved reserves as of December 31, 2023:

CE Brands Inc. Announces Pricing of Previously Announced Public Offering of $5,000,000

Retrieved on: 
Thursday, January 18, 2024
TSX Venture Exchange, AB, Integral, Offering, Vitalism

For further details regarding the Offering and the ten (10) for one (1) share consolidation, please see the press releases of the Company dated November 20, 2023 and December 4, 2023.

Key Points: 
  • For further details regarding the Offering and the ten (10) for one (1) share consolidation, please see the press releases of the Company dated November 20, 2023 and December 4, 2023.
  • CE Brands has applied to list the common shares on the TSX Venture Exchange (the "TSXV").
  • The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSXV, and the completion of a consolidation of the common shares in the capital of CE Brands on a ten-for-one basis.
  • CE Brands intends to use the proceeds of the Offering to launch its Vitalist smartwatches, smart rings, and related health products; fund the expansion of its line of Moto smartwatches; and further reduce indebtedness.

Vital Energy Provides Select Preliminary Fourth-Quarter 2023 Results

Retrieved on: 
Tuesday, January 9, 2024
Vitalism, OK, Webcast, Acquisition, MBO, Investment, Maple, Security (finance)

TULSA, OK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today provided select preliminary results for fourth-quarter 2023, including average daily total and oil production and incurred capital investments. Details for the Company’s fourth-quarter and full-year 2023 earnings release and conference call are provided within this release.

Key Points: 
  • TULSA, OK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today provided select preliminary results for fourth-quarter 2023, including average daily total and oil production and incurred capital investments.
  • Details for the Company’s fourth-quarter and full-year 2023 earnings release and conference call are provided within this release.
  • The Company’s fourth-quarter 2023 total production averaged approximately 113.4 thousand barrels of oil equivalent per day ("MBOE/d"), above guidance of 101.8 - 105.8 MBOE/d.
  • Vital Energy plans to report complete fourth-quarter and full-year 2023 financial and operating results after market close on Wednesday, February 21, 2024, and host a conference call and webcast at 7:30 a.m. CT on Thursday, February 22, 2024.

Vital Energy Acquires Additional Working Interests in Recent High-Value Acquisitions in the Permian Basin

Retrieved on: 
Thursday, December 21, 2023
Permian, OK, Sale, Henry, Acquisition, Vitalism, WTI, HH, GAAP, Exercise

TULSA, OK, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced the acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC (collectively "Henry") for total consideration of $55 million1.

Key Points: 
  • TULSA, OK, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced the acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC (collectively "Henry") for total consideration of $55 million1.
  • The purchase will increase Vital Energy’s working interest in 45 wells by an average of 24%, increasing the Company’s estimated 2024 production by approximately 1,400 BOE/d (57% oil).
  • The transaction is expected to increase Vital Energy’s 2024 Free Cash Flow2 by approximately $20 million3, furthering Vital Energy’s deleveraging goals.
  • Vital Energy funded the transaction through the issuance of 627,000 shares of its common stock and 595,000 shares of its 2.0% cumulative mandatorily convertible preferred securities.