Vitesse Energy, Inc. VTS

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

We are an independent energy company focused on returning capital to stockholders through owning interests, predominantly as a non-operator, in oil and natural gas wells. We primarily engage in the acquisition, development and production of non-operated oil and natural gas properties in the United States that are generally operated by leading oil companies and are primarily in the Williston Basin of North Dakota and Montana, and we have limited operations in the Williston Basin through the Lucero Acquisition which we closed on March 7, 2025 in an all-stock transaction. We also have non-operated properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. Since our inception, we have built a strong and diversified asset base through a combination of property acquisitions, development activities and the implementation of proprietary platforms and processes utilizing our extensive data resources. We believe the location and concentration of our assets in some of North America's leading unconventional oil and natural gas resource plays, along with our technical and data capabilities, provide us with acquisition and development opportunities that will result in significant long-term value. We are focused on using our cash flow to provide returns of capital to stockholders and maintain or grow our oil and natural gas production by developing our extensive inventory of drilling and completion locations and acquiring both producing wells and new development opportunities, while maintaining a strong balance sheet.

Last close 18.25 2026-10-23
Market cap $768.4M 2026-06-30 share count
52-week range 15.00 - 22.91

Valuation FY2025 figures against the last close

P/S2.8x
P/E28.5x
P/FCF4.5x
EV/EBITDA44.9x
Dividend yield12.0%
Diluted EPS0.64

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $274.0M$242.0M$233.9M$281.9M$167.8M$97.2M—
SG&A $24.3M$23.5M$23.9M$19.8M$10.6M$9.2M—
Total operating expenses $256.9M$201.0M$199.1M$128.0M$113.9M$131.1M—
Operating income $17.1M$41.0M$34.9M$153.9M$53.9M-$33.8M—
Interest expense $10.2M$10.0M$5.3M$4.2M$3.2M$4.7M—
Pre-tax income $35.1M$28.7M$42.2M$118.9M$18.1M——
Income tax $9.8M$7.7M$61.9M$0$0——
Net income $25.3M$21.1M-$19.7M$118.9M$18.1M-$8.9M—
EPS, basic 0.670.70-0.730.260.04-0.02—
EPS, diluted 0.640.64-0.730.260.04-0.02—
Shares, diluted (wtd. avg.) 39.6M32.9M29.6M438.6M438.6M438.6M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $1.3M$3.0M$552.0K$10.0M$5.4M$1.7M$1.8M
Receivables $30.6M$39.8M$44.9M$41.4M$32.0M——
Total current assets $52.2M$50.9M$58.3M$54.4M$36.4M——
Property, plant and equipment $123.0K$182.0K$189.0K$114.0K$223.0K——
Total assets $893.4M$810.9M$766.0M$660.5M$614.1M——
Accounts payable $11.8M$34.3M$27.7M$7.2M$4.6M——
Total current liabilities $51.3M$100.3M$60.4M$36.7M$32.2M——
Total liabilities $264.0M$310.6M$219.6M$91.5M$114.9M——
Retained earnings -$2.0M-$5.1M-$21.6M————
Total equity $629.3M$500.3M$546.4M$564.4M$480.1M——

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $170.3M$155.0M$141.9M$147.0M$87.0M$76.3M—
Stock-based compensation $10.2M$8.1M$32.2M-$10.8M$1.4M-$544.0K—
Investing cash flow -$127.7M-$115.3M-$120.7M-$84.6M-$43.3M-$70.8M—
Financing cash flow -$44.3M-$37.3M-$30.7M-$57.8M-$42.6M-$5.5M—
Dividends paid $92.1M$63.6M$58.0M$36.0M$12.0M——
Buybacks $0$0$248.0K$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001944558-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2020: 97.2M Net income, FY2020: -8.9M Revenue, FY2021: 167.8M Net income, FY2021: 18.1M Revenue, FY2022: 281.9M Net income, FY2022: 118.9M Revenue, FY2023: 233.9M Net income, FY2023: -19.7M Revenue, FY2024: 242M Net income, FY2024: 21.1M Revenue, FY2025: 274M Net income, FY2025: 25.3M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $97.2M $167.8M $281.9M $233.9M $242.0M $274.0M
Gross profit — — — — — — —
Net income — -$8.9M $18.1M $118.9M -$19.7M $21.1M $25.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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