Vital Energy Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 28, 2023 at 11:11 am EDT
Vital Energy Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 2.74 million compared to CAD 4.33 million a year ago. Net income was CAD 0.394306 million compared to CAD 2.76 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to CAD 0.03 a year ago.
For the six months, revenue was CAD 5.31 million compared to CAD 9.63 million a year ago. Net income was CAD 0.964285 million compared to CAD 6.28 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.08 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to CAD 0.08 a year ago.