Welcome to our dedicated page for Vitesse Energy, Inc.. news (Ticker: VTS), a resource for investors and traders seeking the latest updates and insights on Vitesse Energy, Inc.. stock.
Vitesse Energy, Inc. reports developments for an independent energy company that owns interests as a non-operator in oil and natural gas wells in the United States. Its asset base is centered in the Williston Basin of North Dakota and Montana, with additional properties in the Central Rockies, including the Denver-Julesburg and Powder River basins.
Recurring updates cover operating and financial results, production guidance, quarterly cash dividends on common stock, commodity-derivative hedging for expected oil, natural gas and NGL volumes, and capital allocation tied to stockholder returns. Company news also includes acquisitions of non-operated oil and gas assets, equity and capital-structure matters, annual meeting items, and board or executive governance transitions.
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.
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