Vitesse Energy, Inc.
21.61+0.08 (+0.37%)
Oct 29, 4:00:02 PM EDT · NYSE · VTS · USD
Key Stats
Market Cap
834.44MP/E (TTM)
19.83Basic EPS (TTM)
1.09Dividend Yield
0.1%Recent Filings
8-K
Q2 results with settlement boost
Vitesse Energy reported Q2 2025 net income of $24.7 million, boosted by a $24 million settlement from resolving litigation with a key operator, while production jumped 27% sequentially to 18,950 Boe/d, 65% oil, thanks to the Lucero acquisition closed March 7. Adjusted EBITDA hit $61.1 million amid $35.7 million in capital spends, trimming debt to $106 million for a 0.43x leverage ratio. Guidance holds steady at 15,000-17,000 Boe/d. Litigation win clears hurdles.
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.
8-K
VTS settles Hess dispute
Vitesse Energy resolved its North Dakota litigation with Hess over post-production deductions, securing a $24 million cash payment by June 25, 2025. Starting July 1, 2025, VTS will take nearly all gas from Hess wells in-kind. Long-term agreements with Hess affiliates cover gathering, processing, and marketing. Litigation ends. This boosts cash flow while shifting to direct control.
8-K
LTIP amendment approved
Vitesse Energy's stockholders approved an amended long-term incentive plan on May 1, 2025, boosting available common shares by 580,500 to attract and retain talent through options, restricted stock, and other equity awards. The plan caps non-employee director compensation at $750,000 annually, with exceptions for special roles. This strengthens alignment with performance goals. Yet dilution risks loom for shareholders.
8-K
Vitesse cuts capex amid volatility
Vitesse Energy reported Q1 2025 net income of $2.7 million and Adjusted EBITDA of $39.9 million, with production up 19% year-over-year to 14,971 Boe per day, boosted by closing the accretive Lucero acquisition on March 7. Amid commodity volatility, the company slashed 2025 capital expenditures by 32% to $80-110 million, trimming production guidance to 15,000-17,000 Boe per day yet projecting a 23% rise over 2024. Dividend stays firm at $0.5625 per share. Low leverage endures.
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