VTS
Vitesse Energy, Inc.20.62
+0.01+0.05%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Emphasizes discipline, PRB details
Q&A doubled down on capital discipline, explaining the dividend cut prioritizes a conservative balance sheet over sustainability amid volatile oil. Wide 2026 guidance reflects operator uncertainty on Bakken rig activity and minimal near-term development baked in due to competitive M&A pricing. Powder River acquisition promises flat production at $4-6M annual CapEx with 29 net locations, valued purely on PDP despite stacked-pay upside from EOG and Continental. Longer laterals deliver strong economics with resetting lower AFEs. Balance sheet first. Watch operator drilling and deal flow.
Key Stats
Market Cap
797.45MP/E (TTM)
40.43Basic EPS (TTM)
0.51Dividend Yield
0.11%Recent Filings
8-K
Signed $35M stock acquisition
Vitesse signed a definitive agreement on March 1, 2026, to acquire Powder River Basin non-operated assets for $35 million in stock, effective January 1, 2026, adding ~1,400 Boe/d 2026 production from 6,000+ net acres operated by EOG and Continental. The deal boosts per-share earnings, cash flow, and NAV post-Q2 close, while 2025 delivered $179.3M Adjusted EBITDA, 17,444 Boe/d (65% oil), and $48.9M free cash flow. Guidance targets 16,000-17,500 Boe/d and $50-80M capex in 2026.
10-K
FY2025 results
Vitesse Energy posted FY2025 production of 17,444 Boe/d, up 34% y/y, with revenue climbing 13% to $274M despite 15% lower realized prices at $45.72/Boe after hedges. The March Lucero Acquisition fueled volume growth to 6.4 MMBoe, reserves hit 47.8 MMBoe (71% developed, $473M PV-10), yet Q4 momentum cooled on softer oil. Cash from operations reached $170M, funding $128M capex and $92M dividends while debt stayed low at $125M. Operators drilled 394 gross wells. Volatility in oil prices threatens quarterly output.
10-Q
Q3 FY2025 results
Vitesse Energy posted Q3 revenue of $67.4M, up 16% y/y on 40% volume growth to 18,163 Boe/d despite 14% lower realized prices, but swung to a slim operating income of $0.1M (derived) from $9.0M amid higher lease operating expenses. YTD revenue climbed 16% y/y to $215.4M with 33% production gains, delivering $26.0M net income and $0.67 diluted EPS—reconciled to 39.1M shares. Lucero Acquisition closed March 2025 via 8.2M shares worth $194.3M, adding $150.4M in proved properties and $49.8M cash; borrowing base now $315M with $114M drawn at 7.01%. Cash sits at $5.6M, OCF $132.9M YTD. Oil prices fluctuate wildly.
8-K
Raises 2025 guidance
Vitesse Energy reported Q3 2025 results with production at 18,163 Boe/d (65% oil), Adjusted EBITDA of $41.6 million, and a $0.5625/share dividend. It raised 2025 guidance to 17,000-17,500 Boe/d and $110-125 million capex amid Bakken lateral improvements, while trimming its borrowing base to $295 million. Debt stays low at 0.65x.
10-Q
Q2 FY2025 results
Vitesse Energy's Q2 revenue climbed 23% year-over-year to $81.8 million, fueled by 40% higher production volumes from the Lucero Acquisition and development activity, though partially offset by a 13% drop in realized prices amid softer oil markets. Operating income rose to $18.7 million from $16.8 million, with gross margins holding steady as lease operating expenses per Boe edged up to $11.38 from $9.99, driven by workovers and transportation. Diluted EPS improved to $0.60 from $0.33, reconciling cleanly with 41 million weighted shares and no anti-dilution flags. The March 2025 Lucero deal closed via 8.2 million shares worth $194.3 million, adding $150.4 million in proved properties and $49.8 million cash, while boosting Q2 output. Cash stood at $2.0 million with $144.0 million revolver availability against $106.0 million debt at 7.18%; free cash flow wasn't disclosed in the 10-Q. Yet commodity price swings remain a persistent drag.
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