Vitesse Energy, Inc. ( (VTS) ) has released its Q1 earnings. Here is a breakdown of the information Vitesse Energy, Inc. presented to its investors.
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Vitesse Energy, Inc. operates as a non-operator in the oil and gas sector, focusing on returning capital to shareholders through strategic investments in wells drilled by leading US operators.
In its first quarter of 2025, Vitesse Energy reported a net income of $2.7 million and an adjusted net income of $8.0 million, alongside a successful acquisition of Lucero Energy Corp. The company also declared a quarterly cash dividend of $0.5625 per common share.
Key financial metrics for the quarter included an adjusted EBITDA of $39.9 million and cash flow from operations amounting to $17.5 million. Vitesse produced an average of 14,971 barrels of oil equivalent per day, with oil comprising 68% of production. The company also reported a total revenue of $66.9 million, reflecting an 8% increase from the previous year.
Looking ahead, Vitesse Energy has revised its 2025 guidance, reducing planned capital expenditures by 32% to maintain financial flexibility amid market volatility. Despite this reduction, the company projects a 23% increase in production over 2024 levels, demonstrating a strategic focus on capital discipline.
Vitesse Energy’s management remains optimistic about navigating market challenges, emphasizing their low leverage and disciplined hedging strategy as key strengths in maintaining shareholder value.