Vital Energy Management
Management criteria checks 2/4
Vital Energy's CEO is Mikell Pigott, appointed in Oct 2019, has a tenure of 5.25 years. total yearly compensation is $8.24M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.47% of the company’s shares, worth $5.38M. The average tenure of the management team and the board of directors is 4.9 years and 4.7 years respectively.
Key information
Mikell Pigott
Chief executive officer
US$8.2m
Total compensation
| CEO salary percentage | 9.7% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.5% |
| Management average tenure | 4.9yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
Vital Energy: Here Comes 2025 While Updating 2024
Dec 20Improved Earnings Required Before Vital Energy, Inc. (NYSE:VTLE) Stock's 26% Jump Looks Justified
Dec 01
Vital Energy: Hedging Fueled Gains And Point Energy Outperformance
Nov 07Is Vital Energy (NYSE:VTLE) A Risky Investment?
Oct 07Vital Energy: Prospect Deal Details And Operational Improvements
Sep 28Vital Energy, Inc. (NYSE:VTLE) Might Not Be As Mispriced As It Looks After Plunging 27%
Sep 10Vital Energy's (NYSE:VTLE) Anemic Earnings Might Be Worse Than You Think
Aug 15Vital Energy: First Howard County, Now Delaware Basin
Jul 30Vital Energy: Bringing Costs Down
Jul 17Vital Energy: Going West For More Oil
Jun 24Vital Energy: Strong Production Performance, But Dealing With Elevated Operating Costs
Jun 11Are Investors Undervaluing Vital Energy, Inc. (NYSE:VTLE) By 39%?
Jun 04Vital Energy: Trying To Change Its Stripes
May 20Vital Energy Q1: Optimizing The Acquisitions
May 09Vital Energy: Raising The Bar
Mar 21Vital Energy: Management Snuck In More Equity
Feb 14Vital Energy: Why I Sold My Shares (Downgrade)
Feb 05Vital Energy, Inc.'s (NYSE:VTLE) Intrinsic Value Is Potentially 18% Below Its Share Price
Feb 05Vital Energy Blows Past Guidance
Jan 23Vital Energy: Cheap Free Cash Flow
Dec 22Vital Energy: Going For The Black Gold
Nov 03Here's Why We Think Vital Energy (NYSE:VTLE) Is Well Worth Watching
Oct 24Vital Energy: Permian Acquisitions Are How You Increase Cash Flow Quickly
Sep 15Calculating The Fair Value Of Vital Energy, Inc. (NYSE:VTLE)
Sep 03Vital Energy: Remaking A Company
Aug 15Vital Energy Is At It Again
Jul 18Vital Energy Is An AI Beneficiary
Jul 10Here's Why We Think Vital Energy (NYSE:VTLE) Might Deserve Your Attention Today
Jul 02Vital Energy: Lowering The Breakeven More
Jun 09Vital Energy (NYSE:VTLE) Takes On Some Risk With Its Use Of Debt
Jun 08Vital Energy Is At It Again
Jun 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$466m |
| Jun 30 2024 | n/a | n/a | US$256m |
| Mar 31 2024 | n/a | n/a | US$514m |
| Dec 31 2023 | US$8m | US$795k | US$695m |
| Sep 30 2023 | n/a | n/a | US$532m |
| Jun 30 2023 | n/a | n/a | US$864m |
| Mar 31 2023 | n/a | n/a | US$832m |
| Dec 31 2022 | US$6m | US$764k | US$632m |
| Sep 30 2022 | n/a | n/a | US$730m |
| Jun 30 2022 | n/a | n/a | US$529m |
| Mar 31 2022 | n/a | n/a | US$134m |
| Dec 31 2021 | US$6m | US$720k | US$145m |
| Sep 30 2021 | n/a | n/a | -US$237m |
| Jun 30 2021 | n/a | n/a | -US$611m |
| Mar 31 2021 | n/a | n/a | -US$1b |
| Dec 31 2020 | US$3m | US$720k | -US$874m |
| Sep 30 2020 | n/a | n/a | -US$950m |
| Jun 30 2020 | n/a | n/a | -US$977m |
| Mar 31 2020 | n/a | n/a | -US$258m |
| Dec 31 2019 | US$7m | US$413k | -US$342m |
Compensation vs Market: Mikell's total compensation ($USD8.24M) is above average for companies of similar size in the US market ($USD3.23M).
Compensation vs Earnings: Mikell's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Mikell Pigott (50 yo)
5.3yrs
Tenure
US$8,236,601
Compensation
Mr. Mikell Jason Pigott has been Director of Vital Energy, Inc. (formerly known as Laredo Petroleum, Inc.) since September 2019 and has been its President and Chief Executive Officer since October 1, 2019....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$8.24m | 0.47% $ 5.4m | |
| Executive VP & CFO | 4.6yrs | US$3.79m | 0.21% $ 2.5m | |
| Senior VP & COO | 2.3yrs | US$1.51m | 0.078% $ 904.5k | |
| Executive VP | 6.4yrs | US$2.25m | 0.073% $ 837.1k | |
| VP & Chief Accounting Officer | less than a year | no data | 0.013% $ 144.4k | |
| VP & CTO | 3.2yrs | no data | no data | |
| Vice President of Investor Relations | 7.2yrs | no data | no data | |
| Vice President of Midstream & Marketing | 7.3yrs | no data | no data | |
| Vice President of Human Resources | 5.4yrs | no data | no data | |
| VP & Chief Sustainability Officer | 4yrs | no data | no data | |
| Vice President of Subsurface & Business Development | no data | no data | no data |
4.9yrs
Average Tenure
49.5yo
Average Age
Experienced Management: VTLE's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$8.24m | 0.47% $ 5.4m | |
| Independent Director | 6.1yrs | US$249.99k | 0.044% $ 509.3k | |
| Lead Independent Director | 13.4yrs | US$229.99k | 0.058% $ 673.8k | |
| Independent Director | 4.2yrs | US$249.99k | 0.024% $ 277.8k | |
| Independent Non-Executive Chairman | 4.9yrs | US$330.66k | 0.053% $ 613.0k | |
| Independent Director | 5.1yrs | US$249.99k | 0.040% $ 455.6k | |
| Independent Director | 2.6yrs | US$229.99k | 0.014% $ 160.6k | |
| Independent Director | 4.4yrs | US$229.99k | 0.036% $ 415.2k | |
| Independent Director | 4.2yrs | US$249.99k | 0.024% $ 274.2k | |
| Independent Director | 2.6yrs | US$229.99k | 0.012% $ 141.1k |
4.7yrs
Average Tenure
60.5yo
Average Age
Experienced Board: VTLE's board of directors are considered experienced (4.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 08:45 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Vital Energy, Inc. is covered by 48 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Allman | Baird |
| Jeffrey Robertson | Barclays |
| Phillip Jungwirth | BMO Capital Markets Equity Research |