How have commodity price assumptions affected the guidance and what hedges are in place?

Based on the excerpt you shared, Vital Energy’s press release and the brief summary do not contain any specifics about:

• Which commodity‑price assumptions were used (e.g., natural‑gas, crude‑oil, power‑price forecasts) to shape the company’s Q2 2025 guidance, or how changes in those assumptions would move the outlook.
  
• What hedging instruments (e.g., fixed‑price contracts, swaps, collars, futures, options, etc.) the company has in place to mitigate exposure to those commodity‑price movements.

The press release only states that Vital Energy reported its Q2 2025 results, that supplemental slide decks are posted on its website, and that a conference call/webcast will be held on August 7 2025. Those slide decks and the earnings‑call transcript are typically where companies disclose:

1. Commodity‑price assumptions used in their financial guidance (e.g., “We assume $X/MMBtu for natural‑gas and $Y/bbl for crude oil”).
   
2. Hedging strategy details (e.g., “We have entered into X MMBtu of fixed‑price natural‑gas contracts through 2027, covering approximately Y% of our projected production”).
   

What You Can Do Next

1. Visit the supplemental slide deck – The press release notes that the slides are available at www.vitalenergy.com. Look for a “Commodity Price Assumptions” or “Risk Management” slide; companies often place this information in the “Forward‑Looking Statements” or “Financial Outlook” sections.
   
2. Listen to or read the transcript of the August 7 earnings call – Management usually discusses any changes to price assumptions during the Q&A. Transcripts are often posted on the investor‑relations page shortly after the call.
   
3. Review the 10‑Q filing for the quarter – Form 10‑Q filings (filed with the SEC) include a “Market Risk” or “Derivatives” note that details the nature and notional amounts of hedges.
   

Typical Scenarios (for context only)

While I can’t confirm Vital Energy’s exact numbers without the supplemental material, in the upstream energy sector it’s common to see guidance sensitivity to commodity prices expressed as:

And hedging programs often cover a portion (e.g., 20‑40%) of projected production through fixed‑price contracts or swaps that lock in a price floor or collar.

Bottom Line

The press release you provided does not include the commodity‑price assumptions or the specifics of Vital Energy’s hedging program. To obtain a comprehensive answer, you’ll need to consult the supplemental slide deck posted on the company’s website, listen to the earnings‑call webcast, or review the company’s forthcoming SEC filings (10‑Q). Those resources will contain the exact assumptions and hedges that underpin the company’s guidance for Q2 2025.