Vital Energy stockholders approved the merger with Crescent Energy at a special meeting.
The merger is anticipated to close on December 15, 2025.
Stockholders will receive 1.9062 shares of Crescent's Class A common stock for each share of Vital Energy common stock owned.
Merger Approval
Stockholders approved the strategic merger with Crescent Energy, showcasing confidence in the combined company's potential.
Stock Exchange Suspension
Vital Energy common stock will be suspended from trading on NYSE before market open on December 15, 2025.
Business Strategy Focus
Vital Energy focuses on acquiring, exploring, and developing oil and gas properties in the Permian Basin of West Texas.
- The merger aims to create a larger, financially robust operator with enhanced scale and the capacity for substantial free cash flow.
- The combined companies are expected to deliver sustainable cash returns and long-term value to shareholders by leveraging Crescent's proven operating model.
The approval of the merger by Vital Energy stockholders signals a significant step towards creating a stronger entity with enhanced operational capabilities and growth potential.