Recent News
On August 25, 2025 Crescent Energy announced an all‑stock acquisition of Vital Energy valuing the transaction at $3.1 billion including debt, offering 1.9062 Crescent shares per Vital share (about $18.95 per share).
On July 9, 2025 a major shareholder completed an insider sale of Vital shares, disclosed in subsequent filings that appeared in market commentary in September.
In July 2025 the company closed a non‑core asset sale of roughly 3,800 net acres for $6.5 million as part of ongoing portfolio pruning.
Technical Analysis
Trend Strength: ADX registers at 19.26, signaling no dominant trend; that reduces conviction for a strong directional move even as merger news changes fundamentals.
Directional Indicators: DI+ sits at 30.81 with a peak‑and‑reversal pattern, which reads as bearish; DI‑ stands at 19.78 and shows a dip‑and‑reversal, which also reads as bearish. The combination indicates downward directional pressure despite low overall trend strength.
MACD: MACD equals 0.17 while the signal line stands at 0.07, so MACD currently trades above its signal line (a bullish cross). The MACD trend shows a peak‑and‑reversal, which signals weakening momentum and conflicts with the short‑term bullish cross; expect momentum ambiguity near term.
MRO: MRO at -16.28 indicates price below the model target, implying potential upward pressure toward the target; the MRO shows a dip‑and‑reversal pattern that supports a probable rebound toward fair‑value bands.
RSI and Price Structure: RSI at 50.06 with a peak‑and‑reversal pattern reads as a loss of recent upside momentum. Price closed at $16.89, slightly above the 20‑day average ($16.84) but below the 12‑day EMA ($17.07) and well below the 200‑day average ($21.25), so short‑term averages flirt with support while longer‑term trend stays lower than the moving average structure.
Ichimoku & Bollinger Context: Tenkan at $17.21 and Kijun at $16.41 place the price between the faster and baseline lines; Senkou A at $16.75 and Senkou B at $18.09 form a cloud that the price straddles, suggesting local congestion. Bollinger bands span roughly $15.89–$18.72 (2×), placing current price near the lower half of the band and indicating limited intraday volatility relative to the wider 52‑week range.
Fundamental Analysis
Profitability And Margins: Reported EBIT equals -$293,548,000 and EBITDA equals -$107,124,000, producing an EBIT margin of -68.33%. That margin sits well below the industry peer mean of 33.73% and the industry peer median of 33.65%, indicating material operating losses on a GAAP basis despite operating improvements elsewhere.
Earnings Per Share: Reported EPS registered at $2.02 versus an estimate of $1.77, producing an EPS surprise ratio of 14.12%. Forward EPS stands at $1.99 and forward PE reads roughly 9.29, while trailing PE registers at 8.94.
Revenue And Growth: Total revenue reached $429,627,000 with YoY revenue growth of 12.03% and QoQ growth of 2.88%, showing top‑line expansion despite negative GAAP earnings. Gross margin equals 24.14% but trails the industry peer mean of 52.47%.
Cash Flow And CapEx: Operating cash flow totals $252,341,000 while free cash flow records a negative $9,438,000 and free cash flow yield at -1.37%. Capital expenditures measured $261,779,000, producing a cap‑ex‑to‑revenue ratio of -60.93%, which drove negative free cash flow in the period.
Leverage And Liquidity: Market capitalization sits at $689,568,198 while net debt measures $2,291,100,000, creating high net‑debt leverage pressure. Current ratio registers at 0.79 (industry peer mean ~1.44), and debt‑to‑equity equals 1.137. Interest coverage shows -5.89, signaling limited capacity to service interest on a GAAP basis.
Operational Efficiency & Returns: Asset turnover equals 0.079, and return on equity equals -27.67% with return on assets at -10.78%, both registering negative returns and pointing to capital deployment that has not yet translated into positive GAAP profitability.
Valuation Note: WMDST values the stock as over‑valued given current leverage, negative EBIT margins, and the balance between adjusted operating cash generation and substantial non‑cash charges.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-11-10 |
| CASH FLOW | Begin Period Cash Flow | $ 28.6 M |
| Operating Cash Flow | $ 252.3 M | |
| Capital Expenditures | $ -261.78 M | |
| Change In Working Capital | $ -40.77 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 1.5 M | |
| End Period Cash Flow | $ 30.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 429.6 M | |
| Forward Revenue | $ -14.19 M | |
| COSTS | ||
| Cost Of Revenue | $ 325.9 M | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 362.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 103.7 M | |
| EBITDA | $ -107.12 M | |
| EBIT | $ -293.55 M | |
| Operating Income | $ 67.0 M | |
| Interest Income | — | |
| Interest Expense | $ 49.9 M | |
| Net Interest Income | $ -49.85 M | |
| Income Before Tax | $ -343.40 M | |
| Tax Provision | $ 239.2 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -582.57 M | |
| Net Income From Continuing Operations | $ -582.57 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.77 | |
| EPS Actual | $ 2.02 | |
| EPS Difference | $ 0.25 | |
| EPS Surprise | 14.124 % | |
| Forward EPS | $ 1.99 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 5.1 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 2.1 B | |
| Total Current Assets | $ 430.4 M | |
| Cash and Short-Term Investments | $ 30.2 M | |
| Cash | $ 30.2 M | |
| Net Receivables | $ 243.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 32.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 158.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 545.5 M | |
| Net Debt | $ 2.3 B | |
| Total Debt | $ 2.4 B | |
| Total Liabilities | $ 3.0 B | |
| EQUITY | ||
| Total Equity | $ 2.1 B | |
| Retained Earnings | $ -1.72 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 54.43 | |
| Shares Outstanding | 38.688 M | |
| Revenue Per-Share | $ 11.11 | |
| VALUATION | Market Capitalization | $ 689.6 M |
| Enterprise Value | $ 3.1 B | |
| Enterprise Multiple | -28.513 | |
| Enterprise Multiple QoQ | -276.537 % | |
| Enterprise Multiple YoY | -510.121 % | |
| Enterprise Multiple IPRWA | high: 116.188 mean: 29.072 median: 22.553 low: -5.244 VTLE: -28.513 |
|
| EV/R | 7.109 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.422 | |
| Asset To Liability | 1.703 | |
| Debt To Capital | 0.532 | |
| Debt To Assets | 0.47 | |
| Debt To Assets QoQ | 11.707 % | |
| Debt To Assets YoY | 1470.468 % | |
| Debt To Assets IPRWA | VTLE: 0.47 high: 0.464 mean: 0.156 median: 0.099 low: 0.003 |
|
| Debt To Equity | 1.137 | |
| Debt To Equity QoQ | 27.089 % | |
| Debt To Equity YoY | 1950.216 % | |
| Debt To Equity IPRWA | high: 1.386 VTLE: 1.137 mean: 0.305 median: 0.157 low: -0.274 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.328 | |
| Price To Book QoQ | -26.012 % | |
| Price To Book YoY | -46.046 % | |
| Price To Book IPRWA | high: 40.027 median: 2.223 mean: 2.082 VTLE: 0.328 low: -0.64 |
|
| Price To Earnings (P/E) | 8.944 | |
| Price To Earnings QoQ | -30.905 % | |
| Price To Earnings YoY | -71.047 % | |
| Price To Earnings IPRWA | high: 164.776 mean: 55.562 median: 50.88 low: 20.079 VTLE: 8.944 |
|
| PE/G Ratio | -0.606 | |
| Price To Sales (P/S) | 1.605 | |
| Price To Sales QoQ | -30.766 % | |
| Price To Sales YoY | -55.583 % | |
| Price To Sales IPRWA | high: 47.131 median: 12.14 mean: 11.465 low: 3.687 VTLE: 1.605 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 9.292 | |
| Forward PE/G | -0.629 | |
| Forward P/S | -48.581 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 65.929 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.079 | |
| Asset Turnover Ratio QoQ | -10.081 % | |
| Asset Turnover Ratio YoY | -8.875 % | |
| Asset Turnover Ratio IPRWA | high: 0.179 median: 0.115 mean: 0.106 VTLE: 0.079 low: 0.002 |
|
| Receivables Turnover | 1.728 | |
| Receivables Turnover Ratio QoQ | -22.057 % | |
| Receivables Turnover Ratio YoY | -6.538 % | |
| Receivables Turnover Ratio IPRWA | high: 2.676 median: 2.09 mean: 2.004 VTLE: 1.728 low: 1.041 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 52.812 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -3.734 | |
| CapEx To Revenue | -0.609 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.4 B | |
| Net Invested Capital | $ 4.4 B | |
| Invested Capital | $ 4.4 B | |
| Net Tangible Assets | $ 2.1 B | |
| Net Working Capital | $ -115.07 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.055 | |
| Current Ratio | 0.789 | |
| Current Ratio QoQ | 17.446 % | |
| Current Ratio YoY | 55.883 % | |
| Current Ratio IPRWA | high: 6.346 median: 1.786 mean: 1.443 VTLE: 0.789 low: 0.065 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -22.357 | |
| Cost Of Debt | 1.642 % | |
| Interest Coverage Ratio | -5.888 | |
| Interest Coverage Ratio QoQ | -1072.798 % | |
| Interest Coverage Ratio YoY | -372.877 % | |
| Interest Coverage Ratio IPRWA | high: 126.768 median: 35.333 mean: 25.699 VTLE: -5.888 low: -50.859 |
|
| Operating Cash Flow Ratio | -1.057 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 43.999 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -10.698 % | |
| Revenue Growth | -16.118 % | |
| Revenue Growth QoQ | 288.105 % | |
| Revenue Growth YoY | 1202.991 % | |
| Revenue Growth IPRWA | high: 12.94 % median: -8.336 % mean: -8.97 % VTLE: -16.118 % low: -36.994 % |
|
| Earnings Growth | -14.768 % | |
| Earnings Growth QoQ | -668.656 % | |
| Earnings Growth YoY | -28.491 % | |
| Earnings Growth IPRWA | high: 144.444 % mean: -14.213 % VTLE: -14.768 % median: -19.164 % low: -55.693 % |
|
| MARGINS | ||
| Gross Margin | 24.141 % | |
| Gross Margin QoQ | -30.852 % | |
| Gross Margin YoY | -26.359 % | |
| Gross Margin IPRWA | high: 80.13 % median: 64.444 % mean: 52.473 % VTLE: 24.141 % low: 14.551 % |
|
| EBIT Margin | -68.326 % | |
| EBIT Margin QoQ | -1247.565 % | |
| EBIT Margin YoY | -470.712 % | |
| EBIT Margin IPRWA | high: 114.608 % mean: 33.735 % median: 33.651 % low: -26.843 % VTLE: -68.326 % |
|
| Return On Sales (ROS) | 15.598 % | |
| Return On Sales QoQ | 161.975 % | |
| Return On Sales YoY | -15.371 % | |
| Return On Sales IPRWA | high: 93.565 % median: 31.354 % mean: 28.672 % VTLE: 15.598 % low: 4.668 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -9.44 M | |
| Free Cash Flow Yield | -1.369 % | |
| Free Cash Flow Yield QoQ | -113.785 % | |
| Free Cash Flow Yield YoY | -121.104 % | |
| Free Cash Flow Yield IPRWA | high: 7.604 % mean: 0.974 % median: 0.368 % VTLE: -1.369 % low: -7.353 % |
|
| Free Cash Growth | -108.004 % | |
| Free Cash Growth QoQ | -99.652 % | |
| Free Cash Growth YoY | -68.371 % | |
| Free Cash Growth IPRWA | high: 28.866 % mean: -61.66 % median: -70.347 % VTLE: -108.004 % low: -203.311 % |
|
| Free Cash To Net Income | 0.016 | |
| Cash Flow Margin | -134.168 % | |
| Cash Flow To Earnings | 0.989 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | -10.776 % | |
| Return On Assets QoQ | 3215.692 % | |
| Return On Assets YoY | -1703.571 % | |
| Return On Assets IPRWA | high: 22.476 % median: 2.884 % mean: 2.425 % VTLE: -10.776 % low: -11.591 % |
|
| Return On Capital Employed (ROCE) | -6.445 % | |
| Return On Equity (ROE) | -0.277 | |
| Return On Equity QoQ | 3841.311 % | |
| Return On Equity YoY | -2238.176 % | |
| Return On Equity IPRWA | high: 0.109 median: 0.046 mean: 0.039 low: -0.233 VTLE: -0.277 |
|
| DuPont ROE | -24.333 % | |
| Return On Invested Capital (ROIC) | -5.239 % | |
| Return On Invested Capital QoQ | -1004.836 % | |
| Return On Invested Capital YoY | -107.718 % | |
| Return On Invested Capital IPRWA | high: 8.04 % median: 4.145 % mean: 3.612 % VTLE: -5.239 % low: -9.134 % |
|