Vitesse Energy Increases Dividend After Lucero Acquisition

Vitesse Energy, Inc. ( (VTS) ) has shared an update.

Vitesse Energy, Inc. announced its financial and operating results for the fourth quarter and full year 2024, reporting a net income of $21.1 million and an adjusted EBITDA of $156.8 million for the year. The company also declared a 7% increase in its quarterly cash dividend to $0.5625 per share, following the accretive acquisition of Lucero Energy Corp. on March 7, 2025. Vitesse’s production averaged 13,003 barrels of oil equivalent per day in 2024, with oil comprising 69% of production. The company issued guidance for 2025 production and capital expenditures, highlighting its strategic positioning for further acquisitions supported by its proprietary database, Luminis.

More about Vitesse Energy, Inc.

Vitesse Energy, Inc. operates in the oil and natural gas industry, focusing on the production and development of oil and gas properties. The company is involved in acquiring and managing oil and gas assets to optimize production and enhance shareholder value.

YTD Price Performance: -4.33%

Average Trading Volume: 200,465

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $739.5M

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