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VTS

Vitesse Energy, Inc.

VTS

Vitesse Energy, Inc. • NYSE
$21.16 ▲ 0.86% (+0.18)
Market Cap $818.33 M
52w High $28.34
52w Low $18.90
Dividend Yield 2.21%
P/E 41.49
Volume 131.73K
Outstanding Shares 38.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $67.443M ▼ $8.425M ▲ $-1.311M ▼ -1.944% ▼ $-0.034 ▼ $35.032M ▼
Q2-2025 $81.755M ▲ $2.714M ▼ $24.659M ▲ 30.162% ▲ $0.62 ▲ $71.645M ▲
Q1-2025 $66.171M ▲ $14.601M ▲ $2.668M ▲ 4.032% ▲ $0.08 ▲ $31.935M ▲
Q4-2024 $55.926M ▼ $10.438M ▲ $-5.125M ▼ -9.164% ▼ $-0.16 ▼ $22.383M ▼
Q3-2024 $58.28M $7.433M $17.442M 29.928% $0.58 $51.299M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.573M ▲ $932.924M ▼ $282.669M ▲ $650.255M ▼
Q2-2025 $1.962M ▼ $951.504M ▼ $279.629M ▼ $671.875M ▲
Q1-2025 $4.495M ▲ $975.236M ▲ $307.546M ▼ $667.69M ▲
Q4-2024 $2.967M ▲ $810.893M ▲ $310.559M ▲ $500.334M ▼
Q3-2024 $2.425M $791.241M $270.855M $520.386M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.311M ▼ $49.404M ▼ $-31.786M ▲ $-14.007M ▲ $3.611M ▲ $49.403M ▲
Q2-2025 $24.659M ▲ $66.016M ▲ $-35.744M ▼ $-32.805M ▼ $-2.533M ▼ $30.272M ▲
Q1-2025 $2.668M ▲ $17.489M ▼ $-30.374M ▼ $14.413M ▲ $1.528M ▲ $-12.885M ▼
Q4-2024 $-5.125M ▼ $34.694M ▼ $-28.223M ▼ $-5.929M ▲ $542K ▼ $6.471M ▼
Q3-2024 $17.442M $45.729M $-17.222M $-26.203M $2.304M $28.507M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural Gas
Natural Gas
 $10.00M ▲$10.00M ▲$20.00M ▲$0 ▼
Oil
Oil
 $120.00M ▲$60.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Vitesse’s income statement shows a business that is generally profitable but exposed to the ups and downs of oil prices and deal activity. Revenue has grown from early levels but is not on a smooth upward path, with a particularly strong year in 2022, a weaker year with a loss in 2023, and a return to modest profit in 2024. Underlying operating and cash-style profits (EBITDA) have been consistently positive and relatively steady, which suggests the core economics of the assets are sound. The 2023 loss looks more like a one‑off reset year around the listing and strategic changes than a sign of a broken model. Overall, this is a company with decent profitability for its size, but with earnings that can swing meaningfully from year to year.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid for a smaller energy company. Total assets have climbed steadily over time, reflecting ongoing investment and acquisitions rather than shrinkage or distress. Debt has increased but remains moderate relative to the equity base, which points to a conservative use of borrowing rather than aggressive leverage. Equity has held up well, showing that past profits and capital raises have largely stayed in the business. The main watch point is the very low cash balance, which means Vitesse depends heavily on continued cash generation and credit access to fund operations and growth.

Cash Flow

Cash Flow Cash flow is one of Vitesse’s clear strengths. The company has produced stable and gradually rising cash from operations over several years, even when accounting profits have been more volatile. It is consistently spending a meaningful amount on new wells and acquisitions, so capital spending is heavy, but free cash flow has generally stayed positive, just with a thinner cushion. That pattern suggests the business is mostly able to fund its growth and shareholder returns from its own cash, rather than leaning heavily on new debt or equity. The trade-off is lower flexibility if oil prices or activity levels fall sharply, given the combination of high reinvestment and a small cash buffer.

Competitive Edge

Competitive Edge Vitesse occupies a focused niche in U.S. oil and gas, mainly as a non‑operator in the Williston Basin with a growing operated footprint. Its key competitive angle is not size, but smart capital allocation: using data and analytics to select which wells to participate in and which assets to buy, rather than running large, capital‑intensive drilling programs itself. The non‑operator model gives it flexibility and lower overhead, while the new operated assets offer more control and upside where it chooses to be hands‑on. This hybrid approach, plus an active bolt‑on acquisition strategy, helps differentiate it from both traditional exploration companies and passive royalty owners. Risks include reliance on partner operators, concentration in a single region, and the usual exposure to commodity prices and regulation that all oil and gas producers face.

Innovation and R&D

Innovation and R&D Vitesse’s innovation is less about new drilling technology and more about information advantage. Its proprietary Luminis analytics platform is central: it pulls together geological, production, and financial data to rank opportunities and guide where capital should go. This type of system becomes more powerful over time as more data is fed into it, potentially widening Vitesse’s edge in finding undervalued or mispriced assets. The move into a hybrid operated/non‑operated model is itself an innovation in business design, using the data platform to decide when to stay lean and when to take more control. Future progress will depend on how well Vitesse continues to enhance Luminis, integrates its operated assets, and possibly adapts its data‑driven approach to new basins or energy segments over the longer term.

Summary

Vitesse Energy combines a data‑driven niche strategy with a generally sound financial profile, set against the inherently cyclical backdrop of oil and gas. The company has shown it can generate solid operating and cash profits, though reported earnings can swing around one‑off events and commodity cycles. Its balance sheet is supported by a healthy equity base and moderate debt, but the very small cash position and heavy reinvestment mean resilience depends on cash flow staying strong. Competitively, Vitesse’s edge lies in information and discipline rather than scale: using its Luminis platform, a non‑operator foundation, and selective operated assets to pursue higher‑return opportunities. The key things to watch are execution on the hybrid strategy, continued success in disciplined acquisitions, and how well the company navigates price volatility and the broader energy transition over time.

NEWS

November 3, 2025 · 4:06 PM UTC

Vitesse Energy Announces Third Quarter 2025 Results and Increased 2025 Production and Capital Expenditures Guidance

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October 28, 2025 · 4:06 PM UTC

Vitesse Energy Declares $0.5625 Quarterly Cash Dividend

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October 16, 2025 · 4:06 PM UTC

Vitesse Energy Announces Third Quarter 2025 Earnings Release Date and Conference Call

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