Welcome to our dedicated page for Vitesse Energy news (Ticker: VTS), a resource for investors and traders seeking the latest updates and insights on Vitesse Energy 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.
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Vitesse Energy, Inc. (NYSE: VTS) will release its first quarter 2023 financial and operating results on May 8, 2023, after market close. The company will host a conference call to discuss these results on May 9, 2023, at 9:00 a.m. Eastern Time. Investors can access the call by phone or via webcast. The Company is committed to returning capital to its shareholders through financial interests in oil and gas wells operated by top U.S. firms. A replay of the conference call will be available until May 16, 2023. More details can be found on Vitesse's website.
Vitesse Energy (NYSE: VTS) reported impressive 2022 results with a net income of $118.9 million, marking a 682% increase over the previous year. The company achieved an average daily production of 10,376 Boe, up 4% from 2021, with oil making up 68% of total production. Adjusted EBITDA rose by 58% to $167.6 million, and total revenue reached $300.1 million, a 55% increase. Vitesse declared a quarterly cash dividend of $0.50 per share to be paid on March 31, 2023. Additionally, a $60 million share repurchase program was approved, underscoring the company's commitment to enhancing shareholder return.
Vitesse Energy, Inc. (NYSE: VTS) announced its plan to release year-end 2022 financial results on February 13, 2023, following which a conference call will be held on February 14, 2023, at 9:00 a.m. EST. The results and an updated corporate presentation will be available on Vitesse’s website. Investors can join the conference call via phone or webcast. Replay options will be offered until February 21, 2023. Vitesse focuses on capital return to stockholders through non-operating interests in US oil and gas wells.
Jefferies Financial Group Inc. (NYSE: JEF) has successfully spun off Vitesse Energy, Inc. (NYSE: VTS) into an independent publicly traded company. The distribution took place on January 13, 2023, where Jefferies shareholders received one share of Vitesse Common Stock for every 8.49668 Jefferies shares held. Approximately 26.6 million shares were distributed, constituting around 94.37% of Vitesse's total shares. Vitesse focuses on non-operated oil and gas properties in the U.S., primarily in the Bakken and Three Forks formations. Trading for both companies commenced on January 17, 2023.