Vitesse Energy Stock Price, News & Analysis

Vitesse Energy (NYSE: VTS) reported its Q2 2024 financial results, highlighting a 5% dividend increase to $0.525 per share. Key metrics include:

- Net income: $10.9 million
- Adjusted Net Income: $11.7 million
- Adjusted EBITDA: $43.1 million
- Cash flow from operations: $35.2 million
- Free Cash Flow: $15.9 million
- Production: 13,504 Boe/day (70% oil)
- Total debt: $115.0 million
- Net Debt to Adjusted EBITDA ratio: 0.67

The company closed previously announced near-term development acquisitions in the Williston Basin, expecting significant production and cash flow increases in Q4 2024 and early 2025. Vitesse reaffirmed its 2024 annual guidance with production between 13,000-14,000 Boe/day and total capital expenditures of $130-$150 million.

Vitesse Energy (NYSE: VTS) has announced its third quarter cash dividend for common stockholders. The Board of Directors has declared a dividend of $0.525 per share. This dividend will be paid on September 30, 2024, to stockholders of record as of September 16, 2024. Vitesse Energy, headquartered in Greenwood Village, Colorado, continues to demonstrate its commitment to providing value to its shareholders through consistent dividend payments.

Vitesse Energy (NYSE: VTS) has announced the release date for its second quarter 2024 financial and operating results. The company will issue the results on Monday, August 5, 2024, after market close. A conference call to discuss the results is scheduled for Tuesday, August 6, 2024, at 11:00 a.m. Eastern Time.

Interested parties can join the conference call via phone or webcast. The dial-in numbers are 877-407-0778 (domestic) and 201-689-8565 (international), with the conference ID 13747956. A webcast link is also provided. A replay of the call will be available through August 13, 2024, using the same conference ID.

Vitesse Energy, Inc. (NYSE: VTS) reported Q1 2024 results, acquired new assets, raised 2024 guidance, and increased dividend to $0.525. They had a net loss of $2.2 million, but an Adjusted Net Income of $10.2 million. Adjusted EBITDA was $39.1 million. Oil & gas production averaged 12,557 Boe per day. Total revenue was $62.0 million. Vitesse's total debt was $98.0 million, with a Net Debt to Adjusted EBITDA ratio of 0.62. They are focusing on capital returns, new acquisitions, and increasing production for 2024.