Vitesse Energy, Inc.

Listed Company

VTSCIK 0001944558NYSEAcceleratedEmerging GrowthCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$273.99M

Net Income

$25.28M

Total Assets

$893.35M

Equity

$629.32M

Shares Out

39.78M

Op. Cash Flow

$170.35M

Business

Vitesse Energy, Inc. is an independent energy company that acquires, develops and produces oil and natural gas primarily through non‑operator working and royalty interests, returning capital to stockholders. It offers interests in producing wells, near‑term development opportunities and undeveloped acreage, while providing asset management, technical and data‑driven evaluation services and a limited operating function assumed through the Lucero acquisition. Its key operations are organized by asset areas (Williston Basin and Central Rockies) and by non‑operated working and royalty interests. The company’s production is marketed and transported by its operating partners to pipelines, rail and other purchasers across domestic U.S. midstream channels.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-11-30
Total revenue	274	242	234	282	168
Lease operating expense	70	48	40	31	27
Production taxes	23	22	22	24	15
General and administrative	24	24	24	20	11
Depletion, depreciation, amortization, and accretion	129	100	82	64	61
Equity-based compensation	10	8	32	−11	1
Total operating expenses	257	201	199	128	114
Operating Income	17	41	35	154	54
Commodity derivative gain (loss), net	28	−2	12	−31	−33
Interest expense	−10	−10	−5	−4	—
Other income	221,000	89,000	140,000	20,000	14,000
Total other (expense) income	18	−12	7	−35	−36
Income Before Income Taxes	35	29	42	119	18
(Provision for) Benefit from Income Taxes	−10	−8	−62	0	0
Net Income (Loss)	25	21	−20	119	18
Net income attributable to Predecessor common unit holders	0	0	2	119	18
Net Income (Loss) Attributable to Vitesse Energy, Inc.	25	21	−22	0	0
Weighted average common shares basic (in shares)	38	30	30	439	439
Weighted average common shares diluted (in shares)	40	33	30	439	439
Net income (loss) per common share basic (in USD per share)	0.67	0.7	−0.73	0.26	0.04
Net income (loss) per common share diluted (in USD per share)	0.64	0.64	−0.73	0.26	0.04

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	1	3	552,000	10	5
Accrued revenue	31	40	45	41	31
Commodity derivatives	14	4	10	2	0
Prepaid expenses and other current assets	6	4	3	841,000	138,000
Total current assets	52	51	58	54	36
Proved oil and gas properties	1,526	1,316	1,168	986	894
Less accumulated DD&A and impairment	−692	−564	−464	−383	−320
Total oil and gas properties	834	752	704	603	574
Other Property and EquipmentNet	123,000	182,000	189,000	114,000	215,000
Commodity derivatives	184,000	284,000	1	1	0
Other noncurrent assets	7	8	2	2	943,000
Total other assets	7	8	3	3	943,000
Total assets	893	811	766	660	612
Accounts payable	12	34	28	7	8
Accrued liabilities	39	66	33	26	16
Commodity derivatives	0	299,000	0	3	16
Other current liabilities	307,000	0	204,000	184,000	316,000
Total current liabilities	51	100	60	37	40
Revolving credit facility	125	117	81	48	68
Deferred tax liability	67	72	64	0	—
Asset retirement obligations	14	10	8	7	6
Commodity derivatives	46,000	94,000	0	—	—
Other noncurrent liabilities	7	11	5	0	194,000
Total liabilities	264	311	220	92	126
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at December 31, 2025 and 2024, respectively	0	0	0	—	—
Common stock, $0.01 par value, 95,000,000 shares authorized; 40,615,302 and 32,650,889 shares issued at December 31, 2025 and 2024, respectively	406,000	326,000	328,000	—	—
Additional paid-in capital	631	505	568	—	—
Accumulated deficit	−2	−5	−22	—	—
Total equity	629	500	546	564	480
Total liabilities and equity	893	811	766	660	612

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Unrealized (gain) loss on derivative instruments	−11	7	−11	−16	—
Deferred income taxes	10	8	62	0	—
Amortization of debt issuance costs	860,000	792,000	655,000	472,000	—
Accrued revenue	14	5	−810,000	−11	—
Prepaid expenses and other current assets	−350,000	−1	−2	−842,000	—
Accounts payable	−5	3	2	−147,000	—
Accrued liabilities	−4	3	−3	3	—
Other	356,000	398,000	−4,000	8,000	—
Net cash provided by operating activities	170	155	142	147	—
Acquisition of oil and gas properties	−7	−21	−36	−29	−29
Development of oil and gas properties	−121	−94	−85	−56	—
Purchase of property and equipment	−8,000	−73,000	−180,000	−12,000	—
Net cash used in Investing Activities	−128	−115	−121	−85	—
Proceeds from revolving credit facility	73	58	59	16	—
Repayments of revolving credit facility	−66	−22	−26	−36	—
Repayments of Vitesse Oil revolving credit facility	0	0	−5	0	—
Dividends paid	−92	−64	−58	−36	—
Cash acquired associated with the Lucero Acquisition	50	0	0	—	—
Repurchases of common stock	0	0	−248,000	0	—
Stock exchanged for tax withholding	−9	−7	0	0	—
Debt issuance costs	−381,000	−2	−484,000	−2	—
Net cash used in Financing Activities	−44	−37	−31	−58	—
Net change in cash	−2	2	−9	5	—
Cash paid for interest	9	9	5	4	—
Cash paid for federal income taxes	0	0	1	—	—
Oil and gas properties included in accounts payable and accrued liabilities	25	78	46	21	—
Asset retirement obligations capitalized to oil and gas properties	3	626,000	951,000	347,000	—

Filings

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