---
schema_version: "secwatch.filing_event.v1"
accession: "0001528129-24-000008"
form_type: "8-K/A"
ticker: null
cik: "0001528129"
company_name: "Vital Energy, Inc."
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:07:04.866397+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Vital Energy closes second $78M working-interest acquisition in Permian; increases 2024 FCF by $25M

## Summary
- Consideration of ~$78M comprised of ~879k shares of common and ~980k shares of 2.0% mandatorily convertible preferred stock.
- Acquired 67% average working interest in 54 producing low-decline wells; adds 1,850 BOE/d (51% oil) to 2024 production.
- Estimated 2024 free cash flow increase of ~$25 million; transaction accretive to FCF per share and supports deleveraging goals.
- No further tag-along transactions anticipated; conversion of preferred requires stockholder approval at May 2024 meeting.

## SEC filing metadata
- accession: 0001528129-24-000008
- form_type: 8-K/A
- cik: 0001528129
- company_name: Vital Energy, Inc.
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528129/000152812924000008/0001528129-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528129/000152812924000008/vtle-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001528129-24-000008
- JSON: https://secwatch.observer/filing/0001528129-24-000008.json
- Plain text: https://secwatch.observer/filing/0001528129-24-000008.txt

## Key facts
- M&A Transactions
  Vital Energy, Inc. completed an acquisition involving PEP Henry Production Partners LP, PEP HPP Jubilee SPV LP, PEP PEOF Dropkick SPV, LLC, PEP HPP Dropkick SPV LP and HPP Acorn SPV LP for approximately 0.9 million shares of the Company's common stock, par value $0.01 per share, and approximately 1.2 million shares of the Company's 2.0% Cumulative (closed 2024-02-02).
  - Action: acquisition
  - Counterparty: PEP Henry Production Partners LP, PEP HPP Jubilee SPV LP, PEP PEOF Dropkick SPV, LLC, PEP HPP Dropkick SPV LP and HPP Acorn SPV LP
  - Consideration: approximately 0.9 million shares of the Company's common stock, par value $0.01 per share, and approximately 1.2 million shares of the Company's 2.0% Cumulative
  - Closing: 2024-02-02
  source text: On February 2, 2024, the Company consummated the PEP Acquisition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528129/000152812924000008/0001528129-24-000008-index.htm
- Material Agreements
  Vital Energy, Inc. entered into PEP PSA with PEP Henry Production Partners LP, PEP HPP Jubilee SPV LP, PEP PEOF Dropkick SPV, LLC, PEP HPP Dropkick SPV LP and HPP Acorn SPV LP valued at approximately 0.9 million shares of the Company's common stock… and … approximately 1.2 million shar (effective 2024-02-02).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: PEP Henry Production Partners LP, PEP HPP Jubilee SPV LP, PEP PEOF Dropkick SPV, LLC, PEP HPP Dropkick SPV LP and HPP Acorn SPV LP
  - Value: approximately 0.9 million shares of the Company's common stock… and … approximately 1.2 million shar
  - Effective: 2024-02-02
  source text: On February 2, 2024, the Company entered into a purchase and sale agreement (the "PEP PSA") with PEP Henry Production Partners LP, PEP HPP Jubilee SPV LP, PEP PEOF Dropkick SPV, LLC, PEP HPP Dropkick SPV LP and HPP Acorn SPV LP (collectively, the "PEP Parties"), pursuant to which the Company agreed to purchase (the "PEP Acquisition") additional working interests in producing assets associated with the PEP Acquisition for consideration comprising (i) approximately 0.9 million shares of the Company's common stock, par value $0.01 per share ("Common Stock"), and (ii) approximately 1.2 million shares of the Company's 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock, par value $0.01 per share (the "Preferred Stock" and such shares of Common Stock and Preferred Stock, collectively, the "Share Consideration") net of purchase price adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528129/000152812924000008/0001528129-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.