What is Vitesse Energy's latest dividend and current dividend yield?

What guidance did Vitesse Energy's management provide for the next earnings period?

What does Vitesse Energy do and what are its main business segments?

What is the market's earnings forecast for Vitesse Energy next quarter?

What were the key takeaways from Vitesse Energy’s earnings call?

Did Vitesse Energy beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Vitesse Energy year over year?

What is Vitesse Energy's gross profit margin?

- **Dividend Reset**: 2026 dividend cut to $1.75 annual rate to preserve balance sheet, with 2026 hedges supporting distribution.
- **Acquisition Growth**: $35M Powder River Basin deal adds 29 net locations and 1,400 BOE/day, with 64% oil hedged at $64.95/WTI.
- **Efficiency Gains**: 3-4 mile laterals reduce AFE costs 30-40%; 2026 CapEx guidance of $50-80M reflects operator conservatism.
- **Hedging Strength**: 64% oil hedged at $64.95/WTI; 48% gas hedged at $3.73 floor; targeting 85% PDP oil hedged by year-end.
- **Strategic Focus**: Balancing M&A with capital discipline; 2026 production range reflects uncertain operator activity.

**【Management Opening Remarks】**
- Vitesse released its 2025 10-K and updated investor presentation, highlighting $2.25 per share in dividends distributed during the year and a conservative balance sheet.
- The company announced a $35 million all-stock acquisition of Powder River Basin assets, effective January 1, 2026, with 29 net undeveloped locations and 1,400 net BOE/day production in 2026.

**【CEO Commentary】**
- 2025 dividends totaled $6.325 per share since spin-off in 2023; 2026 dividend reset to $1.75 annual rate to preserve balance sheet amid volatile oil prices.
- Acquired Lucero assets performed as expected, with 19% reserve growth to 47.8 million BOE and 64% of 2026 oil production hedged at $64.95/WTI swap and $58.64 floor.
- Focused on high-return M&A, with $35M deal signed over weekend; 2026 CapEx guidance of $50-80M reflects reduced operator activity and efficient drilling trends.

**【CFO Financial Commentary】**
- 2025 adjusted EBITDA: $179.3M; free cash flow: $48.9M; net debt/EBITDA: 0.69x.
- 2026 guidance: 16,000-17,500 BOE/day (60-64% oil cut); CapEx $50-80M (excluding potential M&A).
- 2026 oil hedges: 64% hedged at $64.95/WTI swap; gas: 48% hedged at $3.73 floor.

**【Q&A Highlights】**
- **Dividend Strategy**: Reset to $1.75 annual rate to maintain balance sheet flexibility; majority of 2026 dividends classified as return of capital.
- **Drilling Efficiency**: 3-4 mile laterals reduce AFE costs by 30-40%; 2026 production guidance range reflects uncertainty in operator activity.
- **Powder River Basin Deal**: $35M all-stock acquisition with 6,000 net acres; 2026 production flatline with $4-6M/year maintenance CapEx.
- **Hedging Update**: Added hedges post-Middle East conflict; targeting 85% PDP oil hedged by year-end.
- **M&A Approach**: Disciplined with 20+ deals in pipeline; prioritizes accretive, operator-backed transactions.


Vitesse Energy, Inc. (VTS) Q4 2025 Earnings Call Transcript

**Key Takeaways**
- **Operated Wells Success**: 2 Q3 operated wells exceeded expectations with 15% cost savings.
- **Production Growth**: Q3 production at 18,163 Boe/day, year-to-date at 17,373 Boe/day.
- **Financial Health**: Adjusted EBITDA of $41.6M, net debt/EBITDA of 0.65x, and $114M total debt.
- **Extended Laterals Strategy**: 50% of 2025 AFEs are 3-4 mile laterals, driving efficiency.
- **Dividend Increase**: Annual dividend raised to $2.25 per share, reflecting capital discipline.

**Core Details - Detail Page**

**CEO Summary Section**
- Vitesse completed 2 operated wells in Q3, exceeding initial production expectations and reducing costs by 15% below budget.
- Production averaged 18,163 Boe/day in Q3, with year-to-date production at 17,373 Boe/day.
- 2025 production guidance updated to 17,000-17,500 Boe/day, with 65% oil cut.
- Dividend increased to an annual rate of $2.25 per share, reflecting disciplined capital allocation.

**CFO Financial Commentary**
- Adjusted EBITDA of $41.6 million and adjusted net income of $3.8 million in Q3.
- GAAP net loss of $1.3 million, with cash CapEx of $31.8 million funded by operating cash flows.
- Total debt of $114 million, resulting in a net debt to EBITDA ratio of 0.65x.
- 2025 CapEx guidance revised to $110-125 million.

**Q&A Key Highlights**
- 50% of AFEs in 2025 are extended laterals (3-4 miles), reducing costs and improving returns.
- Acquisition activity is competitive but disciplined, with 2026 inventory planning contingent on oil prices.
- LOE costs expected to stabilize in Q4, with gas price differentials improving in winter months.
- Credit environment considerations influence operator capital allocation decisions for 2026 budgets.

Vitesse Energy, Inc. (VTS) Q3 2025 Earnings Call Transcript

- **Q2 Production Surge**: 27% QoQ increase to 18,950 Boe/d, driven by Lucero integration and organic drilling.
- **$24M Legal Settlement**: Bolsters liquidity and improves gas economics, with 71% of 2025 oil hedged at $69.83/bbl.
- **Debt Reduction**: Total debt down to $106M, net debt/EBITDA 0.4x, supporting dividend sustainability.
- **Acquisition Momentum**: Active deal flow with 12-year-high pipeline, targeting accretive Bakken assets.
- **Bakken Efficiency**: 4-mile laterals and AI-driven monitoring enhance capital efficiency, maintaining long-term growth.

**【CEO Summary Section】**
- **Lucero Integration Success**: Full integration of Lucero assets achieved, with better-than-expected G&A synergies and accretive financial impact.
- **Legal Settlement Benefits**: Received $24 million one-time cash payment and entered long-term gas agreements, improving postproduction economics.
- **Dividend Sustainability**: Third-quarter dividend declared at $2.25 annual rate, supported by selective hedging and free cash flow generation.
- **Capital Allocation Strategy**: Maintains returns-driven approach, prioritizing organic drilling and accretive acquisitions.

**【President (Brian Cree) Operational Update】**
- **Production Growth**: Q2 production averaged 18,950 Boe/d (65% oil), up 27% QoQ, with year-to-date 17,000 Boe/d.
- **Pipeline Development**: 23 net wells in development pipeline, including 7.9 drilling/completing and 15.1 permitted locations.
- **Hedging Activity**: 71% of 2025 oil hedged at $69.83/bbl, with significant 2026 and 2027 natural gas and NGL hedges in place.

**【CFO (Jimmy Henderson) Financial Highlights】**
- **Q2 Financials**: Adjusted EBITDA $61.1M, adjusted net income $18.4M, GAAP net income $24.7M, driven by Lucero integration and legal settlement.
- **Debt Reduction**: Total debt reduced to $106M, net debt/EBITDA ratio 0.4x, reflecting strong cash flow management.
- **Cost Efficiency**: LOE per Boe temporarily elevated due to Lucero integration, but G&A expected to decline as production scales.

**【Q&A Key Highlights】**
- **Production Guidance**: Full-year 15,000-17,000 Boe/d guidance maintained, with Q2 strength offsetting potential H2 declines.
- **Acquisition Pipeline**: Active evaluation of chunky deals, with 12-year-high deal flow but strict return hurdles.
- **Gas-in-Kind Impact**: Expected $2.5-3M annual savings from gas gathering agreements, improving margins.
- **Bakken Efficiency**: 4-mile laterals and advanced monitoring driving capital efficiency, supporting long-term productivity.

Vitesse Energy, Inc. (VTS) Q2 2025 Earnings Call Transcript

- **Strategic Flexibility**: Acquired Lucero to control $20M of DUCs and pause $20M in planned acquisitions, reducing 2025 CapEx midpoint by 32%.
- **Financial Strength**: 0.7x net debt/EBITDA; maintained $2.25 annual dividend despite 9% production guidance reduction.
- **Hedging Discipline**: 61% of 2025 oil hedged at $70.75/bbl; added 2026 hedges at $67/bbl collar.
- **Operator Efficiency**: 4-mile laterals becoming industry standard; 2-mile AFE costs down 5% YoY.

**【CEO Opening Remarks】**
- Acquired Lucero to enhance operational control and capital allocation flexibility.
- Dynamic business model enables adaptation to market volatility; maintained $2.25 annual dividend despite commodity price challenges.
- Focus on high-return investments, including deferred completions of 1.9 net DUCs and pausing $20M in planned acquisitions.

**【President Operational Update】**
- Q1 2025 production of 14,971 BOE/d (68% oil cut) at top end of guidance; +16% YoQ growth.
- 25 net wells in development pipeline, including 9.5 net drilling/completing and 15.5 net permitted locations.
- Hedged 61% of 2025 oil production at $70.75/bbl and 30% gas at $3.73/MMBtu; added 2026 hedges at $67/bbl and $3.72-$5/MMBtu collars.

**【CFO Financial Highlights】**
- Adjusted EBITDA: $39.9M; Adjusted Net Income: $8M; GAAP Net Income: $2.7M.
- Cash CapEx: $30.4M (fully funded by operating cash flow); total debt: $117M (0.7x net debt/EBITDA).
- Revised 2025 guidance: 15-17K BOE/d (midpoint -9% vs prior), Cash CapEx $80-110M (-32% midpoint).

**【Q&A Key Takeaways】**
- **Production Guidance Range Drivers**: DUC completion timing, acquisition activity, and operator AFE cost trends.
- **Capital Allocation**: Dividend priority over buybacks; potential for opportunistic acquisitions at $50-60/bbl oil prices.
- **Litigation Costs**: $1.6M in Q1; expect continued expenses through trial in June.
- **Operator Behavior**: 4-mile lateral wells improving capital efficiency; 2-mile AFE costs down 5% YoY, 3-mile down 8%.
- **Lucero Integration**: Assets performing as underwritten; non-op portfolio may enable asset swaps to enhance operated positions.

Vitesse Energy (VTS)-6 May 25-2025 Q1 Earnings call transcript

- **Dividend Growth**: 7% sequential dividend increase to $0.5625/share, supported by Lucero deal and 35% 2025 production growth.
- **Acquisition Power**: $130-150M 2025 CapEx with $20M for acquisitions, targeting high-return deals in $60s oil price environment.
- **Hedging Strength**: 53% of 2025 oil hedged at $71.16/バレル, 15% gas hedged with costless collars ($3.73-$4.88/MMBtu).
- **Balance Sheet**: 0.7x net debt/EBITDA, $315M borrowing base, and >25% insider ownership.
- **Operational Edge**: Lucero's 100% operated assets (75-80% working interest) provide long-term growth visibility.


**【CEO Opening Remarks】**
- 2024 was a successful year with $4.07 in dividends per share since spinoff, maintaining a conservative balance sheet.
- Acquired Lucero Energy in a stock-for-stock deal, which is immediately accretive to financial metrics.
- Increased quarterly dividend to $0.5625 per share (7% sequential increase) and expanded Board with Lucero executives.
- 2025 strategy focuses on returning capital to shareholders via fixed dividend and pursuing acquisitions with strong returns.

**【Operations Update】**
- 2024 production: 13,003 Boe/d (69% oil cut). Q1 2025 guidance: 14,000-15,000 Boe/d, with 35% YoY growth expected by year-end.
- Proved reserves: 40.3 MMBoe (pre-Lucero), with 13.0 MMBoe PUD (8% increase YoY).
- 53% of 2025 oil production hedged at $71.16/バレル, and 15% of natural gas hedged with costless collars ($3.73-$4.88/MMBtu).
- 2026 hedges include 2,500 Boe/d oil at $67/バレル and 8,000 MMBtu gas with collar ($3.71-$4.47/MMBtu).

**【Financial Highlights】**
- 2024 Adjusted EBITDA: $156.8M; GAAP net income: $21.1M.
- Total debt: $117M (0.7x net debt/EBITDA). Post-Lucero, borrowing base increased to $315M.
- 2025 CapEx guidance: $130-150M (incl. $20M for acquisitions), weighted toward first half for large working interest wells.
- insiders now own >25% of the Company.

**【Key Q&A Takeaways】**
- **Acquisition Strategy**: Oil prices in $50s-$80s create attractive M&A environment. Focus on high-return deals across basins (e.g., Bakken, Permian, Haynesville).
- **Dividend Sustainability**: 66-70% oil cut provides stability. Hedges and cost management maintain coverage in $55-$85 oil price range.
- **Operational Flexibility**: Lucero's 100% operated assets (avg. 75-80% working interest) provide drilling locations for 2026+ growth.
- **Infrastructure**: Bakken oil takeaway capacity sufficient; gas processing and NGL takeaway need incremental expansion.


Actual	0.525	-1.67	0.3461	0.3756	0.521	0.3415	0.3535	0.2305	0.179	0.2316	0.4477	0.101	-0.01
Forecast		0.2367	0.5339	0.3884	0.4122	0.3201	0.3363	0.3238	0.1975	0.14	0.1467	0.182	0.1501
Surprise	0.00%	-805.53%	-35.18%	-3.30%	+26.39%	+6.69%	+5.11%	-28.81%	-9.37%	+65.43%	+205.18%	-44.51%	-106.66%

VTS

VTS fundamentals

VTS Q4 2025 Earnings

Earnings Call

You can ask Aime

VTS

VTS fundamentals

VTS Q4 2025 Earnings

Earnings Call

VTS Earnings Call Summary for Q4/202511:00 AM on Mar 3, 2026

VTS Earnings Call Summary for Q3/202511:00 AM on Nov 4, 2025

VTS Earnings Call Summary for Q2/202511:00 AM on Aug 5, 2025

VTS Earnings Call Summary for Q1/202511:00 AM on May 6, 2025

VTS Earnings Call Summary for Q4/202411:00 AM on Mar 12, 2025

You can ask Aime