Reported Earnings • May 31
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$3.72m (down 38% from 1Q 2025). Net loss: CA$301.3k (down 120% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • May 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$11m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (CA$12.4m market cap, or US$9.02m). New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$11m free cash flow). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (CA$11.6m market cap, or US$8.51m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Announcement • Apr 07
Vital Energy Inc., Annual General Meeting, Jun 12, 2026 Vital Energy Inc., Annual General Meeting, Jun 12, 2026. Location: alberta, calgary Canada Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: CA$0 (vs CA$0.013 in 3Q 2024) Third quarter 2025 results: EPS: CA$0 (down from CA$0.013 in 3Q 2024). Revenue: CA$3.48m (down 19% from 3Q 2024). Net income: CA$15.4k (down 99% from 3Q 2024). Profit margin: 0.4% (down from 25% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 33% per year. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CA$0 (vs CA$0.02 in 2Q 2024) Second quarter 2025 results: EPS: CA$0 (down from CA$0.02 in 2Q 2024). Revenue: CA$3.65m (down 36% from 2Q 2024). Net income: CA$21.4k (down 99% from 2Q 2024). Profit margin: 0.6% (down from 34% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. New Risk • Aug 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (CA$9.51m market cap, or US$6.86m). Minor Risk High level of debt (74% net debt to equity). Reported Earnings • May 30
First quarter 2025 earnings released: EPS: CA$0.02 (vs CA$0.01 in 1Q 2024) First quarter 2025 results: EPS: CA$0.02 (up from CA$0.01 in 1Q 2024). Revenue: CA$5.98m (up 99% from 1Q 2024). Net income: CA$1.51m (up 224% from 1Q 2024). Profit margin: 25% (up from 16% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. New Risk • Apr 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.8m (US$9.23m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (58% accrual ratio). Market cap is less than US$10m (CA$12.8m market cap, or US$9.23m). Minor Risk High level of debt (90% net debt to equity). Board Change • Apr 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. President, CEO & Director Yingchuan Wu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.02 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.01 (down from CA$0.02 in 3Q 2023). Revenue: CA$4.32m (up 14% from 3Q 2023). Net income: CA$1.10m (down 9.2% from 3Q 2023). Profit margin: 25% (down from 32% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Board Change • Oct 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. President, CEO & Director Yingchuan Wu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 01
Vital Energy Inc., Annual General Meeting, Dec 06, 2024 Vital Energy Inc., Annual General Meeting, Dec 06, 2024. Location: alberta, calgary Canada Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CA$0.02 (vs CA$0.005 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.02 (up from CA$0.005 in 2Q 2023). Revenue: CA$5.74m (up 110% from 2Q 2023). Net income: CA$1.92m (up 388% from 2Q 2023). Profit margin: 34% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 135 percentage points per year, which is a significant difference in performance. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.007 in 1Q 2023) First quarter 2024 results: EPS: CA$0.01. Revenue: CA$3.05m (up 19% from 1Q 2023). Net income: CA$465.9k (down 18% from 1Q 2023). Profit margin: 15% (down from 22% in 1Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 27
Full year 2023 earnings released: CA$0.06 loss per share (vs CA$0.057 profit in FY 2022) Full year 2023 results: CA$0.06 loss per share (down from CA$0.057 profit in FY 2022). Revenue: CA$12.1m (down 21% from FY 2022). Net loss: CA$5.37m (down 214% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (CA$22.2m market cap, or US$16.4m). Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: CA$0.02 (vs CA$0.005 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.02 (up from CA$0.005 in 3Q 2022). Revenue: CA$3.81m (up 18% from 3Q 2022). Net income: CA$1.21m (up 195% from 3Q 2022). Profit margin: 32% (up from 13% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Sep 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (CA$18.8m market cap, or US$13.9m). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.034 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.01 (down from CA$0.034 in 2Q 2022). Revenue: CA$2.74m (down 37% from 2Q 2022). Net income: CA$394.3k (down 86% from 2Q 2022). Profit margin: 14% (down from 64% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. New Risk • Jun 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.4m (US$9.36m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). High level of non-cash earnings (30% accrual ratio). Market cap is less than US$10m (CA$12.4m market cap, or US$9.36m). Minor Risk Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CA$0.06 (vs CA$0.11 in FY 2021) Full year 2022 results: EPS: CA$0.06 (down from CA$0.11 in FY 2021). Revenue: CA$15.5m (up 15% from FY 2021). Net income: CA$4.71m (down 47% from FY 2021). Profit margin: 30% (down from 66% in FY 2021). Over the last 3 years on average, earnings per share has increased by 95% per year whereas the company’s share price has increased by 92% per year. Announcement • Feb 18
Vital Energy Inc. Appoints Jeffrey L. Standen as Board of Directors of the Corporation Vital Energy Inc. announced that effective February 1, 2023, Jeffrey L. Standen has been appointed to the Board of Directors of the Corporation. Mr. Standen is a former founder, officer and director of the Corporation. Mr. Standen brings over 45 years of related industry management expertise to the Corporation. Mr. Standen has also been the founder, officer and director of numerous private and public energy companies during his career, including Canadian Leader Energy Inc, Centurion Energy International, Extreme Energy Corporation, and Charger Energy Corporation. Mr. Standen is currently President, C.E.O. and a director of Home Run Oil & Gas Inc. Mr. Standen's primary role as a director of the Corporation will be to work with Management to develop more effective exploration and development projects, to better exploit the Corporation’s existing projects and to evaluate the potential for investment into large joint venture projects with other industry companies. In addition, Mr. Standen will endeavor to expand the Corporation’s business development abilities and to increase public market awareness of the Corporation and its current projects and potential future joint ventures into new projects. Recent Insider Transactions • Dec 23
Independent Director recently sold CA$69k worth of stock On the 14th of December, Fang Chen sold around 193k shares on-market at roughly CA$0.36 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$455k. Insiders have been net sellers, collectively disposing of CA$525k more than they bought in the last 12 months. Reported Earnings • Nov 27
Third quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.023 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.01 (down from CA$0.023 in 3Q 2021). Revenue: CA$3.23m (down 13% from 3Q 2021). Net income: CA$410.6k (down 78% from 3Q 2021). Profit margin: 13% (down from 51% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 78% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. President, CEO & Director Yingchuan Wu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CA$0.034 (vs CA$0.01 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.034 (up from CA$0.01 in 2Q 2021). Revenue: CA$4.33m (up 132% from 2Q 2021). Net income: CA$2.76m (up 453% from 2Q 2021). Profit margin: 64% (up from 27% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 31
First quarter 2022 earnings released: EPS: CA$0.043 (vs CA$0.002 in 1Q 2021) First quarter 2022 results: EPS: CA$0.043 (up from CA$0.002 in 1Q 2021). Revenue: CA$5.29m (up 286% from 1Q 2021). Net income: CA$3.52m (up CA$3.38m from 1Q 2021). Profit margin: 67% (up from 10.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: CA$0.11 (vs CA$0.092 loss in FY 2020) Full year 2021 results: EPS: CA$0.11 (up from CA$0.092 loss in FY 2020). Revenue: CA$13.7m (up 228% from FY 2020). Net income: CA$8.95m (up CA$16.5m from FY 2020). Profit margin: 65% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. President, CEO & Director Yingchuan Wu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CA$0.02 (up from CA$0.002 loss in 3Q 2020). Revenue: CA$3.94m (up 226% from 3Q 2020). Net income: CA$1.88m (up CA$2.02m from 3Q 2020). Profit margin: 48% (up from net loss in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 62% per year, which means it is well ahead of earnings. Board Change • Oct 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. President, CEO & Director Yingchuan Wu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. President, CEO & Director Yingchuan Wu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. President, CEO & Director Yingchuan Wu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CA$0.01 (vs CA$0.005 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$1.87m (up CA$1.77m from 2Q 2020). Net income: CA$499.7k (up CA$950.3k from 2Q 2020). Profit margin: 27% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 02
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$1.38m (down 5.1% from 1Q 2020). Net income: CA$136.8k (up CA$4.40m from 1Q 2020). Profit margin: 9.9% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • May 29
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$1.38m (down 5.1% from 1Q 2020). Net income: CA$136.8k (up CA$4.40m from 1Q 2020). Profit margin: 9.9% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • May 04
Full year 2020 earnings released: CA$0.09 loss per share (vs CA$0.01 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CA$4.28m (down 31% from FY 2019). Net loss: CA$7.56m (down CA$8.42m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 01
Third quarter 2020 earnings released: CA$0.002 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CA$1.21m (down 25% from 3Q 2019). Net loss: CA$142.9k (down 151% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. 
