VTLE on NYSE

Vital Energy

Logo: Vital Energy, Public domain, via Wikimedia Commons4

American energy Company

Vital Energy, Inc. (formerly Laredo Petroleum, Inc.) is an American company engaged in hydrocarbon exploration.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

2011Founded1

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  • TickerVTLE on NYSE1
  • Industrypetroleum industry1
  • HeadquartersTulsa1
  • Websitewww.laredopetro.com
  • Incorporated inDE5
  • Business address15 W. Sixth Street, Suite 1800, Tulsa, Ok 741195

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Vital Energy, Inc. (formerly Laredo Petroleum, Inc.) is an American company engaged in hydrocarbon exploration. Incorporated in Delaware, its principal operational headquarters located in Tulsa, Oklahoma.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-1.2%Operating margin7
-8.9%Net margin7
26.2%Revenue growth, 20247
-6.4%Return on equity7
0.91×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs88¢$1.7B
  • Interest9¢$177.8M
  • Income tax2¢$47.7M

Out of $2.0B in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Kept or used elsewhere100¢$1.0B

Out of $1.0B of cash from operations.7

Financial statements

Revenue8910117$2.0B in 2024+77% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $1.1B$1.1B20182019: $837.3M$837.3M2019−24%2020: $677.2M$677.2M2020−19%2021: $1.4B$1.4B2021+106%2022: $1.9B$1.9B2022+38%2023: $1.5B$1.5B2023−19%2024: $2.0B$2.0B2024+26%
Operating income8910117-$22.6M in 2024
-$1.0B-$500.0M0$500.0M$1.0B$1.5B2018: $348.5M$348.5M20182019: -$408.6M-$408.6M20192020: -$862.0M-$862.0M2020+111%2021: $713.0M$713.0M20212022: $1.1B$1.1B2022+49%2023: $559.6M$559.6M2023−47%2024: -$22.6M-$22.6M2024
Net income8910117-$173.5M in 2024
-$1.0B-$500.0M0$500.0M$1.0B2018: $324.6M$324.6M20182019: -$342.5M-$342.5M20192020: -$874.2M-$874.2M2020+155%2021: $145.0M$145.0M20212022: $631.5M$631.5M2022+336%2023: $695.1M$695.1M2023+10%2024: -$173.5M-$173.5M2024
Fiscal year2018201920202021202220232024
Revenue$1.1B8$837.3M9$677.2M10$1.4B11$1.9B7$1.5B7$2.0B7
Operating income$348.5M8-$408.6M9-$862.0M10$713.0M11$1.1B7$559.6M7-$22.6M7
Interest$57.9M8$61.5M9$105.0M10$113.4M11$125.1M7$149.8M7$177.8M7
Income tax$4.2M8-$2.6M9-$3.9M10$3.6M11$5.5M7-$183.3M7-$47.7M7
Net income$324.6M8-$342.5M9-$874.2M10$145.0M11$631.5M7$695.1M7-$173.5M7
Earnings per share$27.948-$29.619-$74.9210$10.1811$37.887$34.307-$4.747
Earnings per share (diluted)$27.848-$29.619-$74.9210$10.0311$37.447$33.447-$4.747

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The story

Founded in 2006 by Randy A. Foutch, the company acquired Broad Oak Energy five years later in a $1 billion transaction, expanding its presence in the Permian Basin and the Cline Shale. On December 20, 2011, the company became a public company via an initial public offering.

In May 2013, the firm sold its assets in the Anadarko Basin in western Oklahoma and Texas to affiliates of EnerVest Ltd for $438 million to raise capital for its drilling activities in the Permian Basin.

In July 2016, a year before selling its interest in Medallion Pipeline, it acquired additional acreage in the Midland Basin for $125 million. In 2023, Laredo Petroleum rebranded to Vital Energy, Inc.

Oil and gas company, Crescent Energy, agreed to acquire the company in August 2025 in an all-stock deal valued at $3.1 billion, including debt. The transaction was completed three months later.

From Wikipedia’s article on Vital Energy, shared under CC BY-SA 4.0.6

Leadership

Who has led Vital Energy, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Randy A. Foutch2011–2019
  2. M. Jason Pigott2020–now

Chair

  1. Randy A. Foutch2011–2019

President

  1. Jerry R. Schuyler2011–2013
  2. Jay P. Still2013–2015
  3. M. Jason Pigott2019–now

Chief financial officer

  1. W. Mark Womble2011–2012
  2. Richard C. Buterbaugh2012–2019
  3. Bryan Lemmerman2020–now

Chief operating officer

  1. Jerry R. Schuyler2012–2013
  2. Jay P. Still2013–2015
  3. Tommye Karen Chandler2018–2022
201520202025
Board members and other officers (30)

Products and brands

  • natural gas

Listed on Wikidata.1

Timeline

  1. Jan 2023Went public Listed on NYSE1
  2. Mar 2, 2020New chief executive M. Jason Pigott becomes CEO16
  3. Dec 14, 2011New chief executive Randy A. Foutch becomes CEO17
  4. 2011Founded Founded1

Filings

471 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 93 major events, 274 insider forms, 19 large holders, 68 other. The latest 20:

  1. Dec 29, 202515-12G EDGAR
  2. Dec 22, 2025S-8 POS EDGAR
  3. Dec 22, 2025S-8 POS EDGAR
  4. Dec 22, 2025S-8 POS EDGAR
  5. Dec 22, 2025S-8 POS EDGAR
  6. Dec 22, 2025S-8 POS EDGAR
  7. Dec 22, 2025POSASR EDGAR
  8. Dec 22, 2025POSASR EDGAR
  9. Dec 22, 2025POSASR EDGAR
  10. Dec 22, 2025POSASR EDGAR
  11. Dec 22, 2025POSASR EDGAR
  12. Dec 22, 2025POSASR EDGAR
  13. Dec 22, 2025POSASR EDGAR
  14. Dec 15, 20254 EDGAR
  15. Dec 15, 20254 EDGAR
  16. Dec 15, 20254 EDGAR
  17. Dec 15, 20254 EDGAR
  18. Dec 15, 20254 EDGAR
  19. Dec 15, 20254 EDGAR
  20. Dec 15, 20254 EDGAR

The 471 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 19 such filings since October 2021, the latest 10:

  1. Feb 5, 2025SCHEDULE 13G/A
  2. Nov 14, 2024SC 13G
  3. Nov 8, 2024SC 13G/A
  4. Oct 23, 2024SC 13G/A
  5. Sep 5, 2024SC 13G/A
  6. Jul 10, 2024SC 13G/A
  7. Feb 13, 2024SC 13G/A
  8. Jan 25, 2024SC 13G/A
  9. Dec 5, 2023SC 13D
  10. Nov 15, 2023SC 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

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