Vitesse Energy Stock Price, News & Analysis

Vitesse Energy (NYSE: VTS) has announced its second quarter cash dividend for 2025. The company will pay a dividend of $0.5625 per share to stockholders of record as of June 16, 2025. The payment is scheduled for June 30, 2025.

Vitesse Energy (NYSE: VTS) has scheduled the release of its first quarter 2025 financial and operating results for Monday, May 5, 2025, after market close. The company will host a conference call to discuss the results on Tuesday, May 6, 2025, at 11:00 a.m. Eastern Time.

Investors and interested parties can access the conference call via phone (877-407-0778 for domestic, +1 201-689-8565 for international) using Conference ID 13753522, or through the company's webcast. A replay of the call will be available through May 13, 2025.

Vitesse Energy (NYSE: VTS) has secured exemptive relief from Canadian securities authorities regarding future filing requirements. This development follows Vitesse becoming a reporting issuer in Alberta, British Columbia, Saskatchewan, and Ontario on March 7, 2025, after acquiring Lucero Energy Corp.

The exemption relieves Vitesse from compliance with Canada's National Instrument 51-101 requirements and the Canadian Oil and Gas Evaluation Handbook. Instead, the company will follow U.S. Securities and Exchange Commission (SEC) disclosure standards for oil and gas activities. Vitesse must file these disclosures on www.sedarplus.ca after SEC submission.

Vitesse Energy (NYSE: VTS) reported its Q4 and full-year 2024 results, announcing a 7% increase in quarterly dividend to $0.5625 per share. The company achieved full-year 2024 net income of $21.1 million and Adjusted EBITDA of $156.8 million, with production averaging 13,003 Boe per day (69% oil).

Key financial metrics include cash flow from operations of $155.0 million and Free Cash Flow of $51.2 million. The company completed its previously announced Lucero Energy Corp. acquisition on March 7, 2025. Total debt stands at $117.0 million with a Net Debt to Adjusted EBITDA ratio of 0.73.

For 2025 guidance, Vitesse projects production of 17,000-18,000 Boe per day, representing a 35% increase from 2024. The company expects total cash capital spending of $130-150 million for 2025, with approximately 53% of its 2025 oil production hedged at $71.16 per barrel.

Vitesse Energy (NYSE: VTS) has successfully completed its previously announced acquisition of Lucero Energy Corp. The arrangement, approved by both companies' shareholders on March 5-6, 2025, involves Lucero shareholders receiving 0.01239 Vitesse shares for each Lucero share.

Following the acquisition, Lucero shares will be delisted from the TSX Venture Exchange and OTCQB Market, while the newly issued Vitesse shares will trade on the NYSE. The company expects this acquisition to enhance its dividend capabilities and provide additional liquidity for future accretive acquisitions.

As part of the governance changes, M. Bruce Chernoff and Gary D. Reaves have been appointed to Vitesse's Board of Directors, expanding it to nine members. The existing Vitesse leadership team will maintain their current positions.

Vitesse Energy (NYSE: VTS) has announced plans to release its full year and fourth quarter 2024 financial and operating results, along with 2025 guidance, on March 11, 2025. The announcement will follow the expected completion of the previously announced Lucero Energy Corp acquisition.

The company will host a conference call on March 12, 2025, at 11:00 a.m. Eastern Time. Investors can access the call via phone or webcast. A replay of the conference call will be available through March 19, 2025.

Vitesse Energy (NYSE: VTS) has announced a definitive agreement to acquire Lucero Energy in an all-stock transaction valued at US$222 million. Under the deal, Lucero shareholders will receive 0.01239 Vitesse shares for each Lucero share, resulting in approximately 8,175,000 shares to be issued at closing. The acquisition is expected to be immediately accretive to Vitesse's earnings and support a dividend increase from $2.10 to $2.25 per share annually.

Key highlights include Lucero's debt-free status with US$56 million in cash, expected annual G&A synergies of US$3 million, and combined two-stream production of approximately 19.4 Mboe/d. The deal adds operational capabilities with over 65 producing wells and up to 50 gross locations in the Bakken. Post-closing, existing Vitesse stockholders will own approximately 80% of the combined company.

Vitesse Energy (NYSE: VTS) reported Q3 2024 financial results with net income of $17.4 million and Adjusted EBITDA of $37.6 million. Production averaged 13,009 barrels of oil equivalent per day (68% oil). The company declared a quarterly cash dividend of $0.525 per share. Total revenue, including hedges, was $59.7 million, with average realized oil prices at $69.43/Bbl before hedging. The company revised its 2024 guidance, tightening production range to 13,000-13,500 Boe/day and lowering capital expenditure to $110-120 million. For 2025, Vitesse expects a 7% production increase to 14,125 Boe/day at midpoint.

Vitesse Energy (NYSE: VTS) has announced its fourth quarter cash dividend of $0.525 per share. The dividend will be paid on December 31, 2024, to stockholders of record as of December 16, 2024.