Vitesse Energy, Inc. ( (VTS) ) has released its Q2 earnings. Here is a breakdown of the information Vitesse Energy, Inc. presented to its investors.
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Vitesse Energy, Inc. is a company that focuses on returning capital to stockholders by owning financial interests predominantly as a non-operator in oil and gas wells drilled by leading US operators. The company is based in Greenwood Village, Colorado, and trades on the NYSE under the ticker VTS.
In its second quarter of 2025, Vitesse Energy reported a net income of $24.7 million and an adjusted EBITDA of $61.1 million. The company declared a quarterly cash dividend of $0.5625 per common share, reflecting its commitment to returning capital to shareholders. A significant highlight of the quarter was the resolution of a legal dispute with a key operator, resulting in a $24 million cash payment and renegotiated gas production sale arrangements.
Key financial metrics for the quarter included a production average of 18,950 barrels of oil equivalent per day, with oil comprising 65% of this production. The company also reported total revenue of $87 million, which included $16.9 million related to the litigation settlement. Vitesse’s strategic focus included the integration of Lucero assets, selective capital investments, and leveraging increased oil prices through hedging.
The company maintained a strong financial position with a net debt to adjusted EBITDA ratio of 0.43 and total liquidity of $146 million as of June 30, 2025. Vitesse’s management expressed confidence in its strategic positioning, particularly in capitalizing on non-operated asset opportunities.
Looking ahead, Vitesse Energy aims to continue its focus on strategic acquisitions and maintaining a robust financial position to support its dividend policy. The company remains optimistic about benefiting from market conditions and transaction opportunities in the oil and gas sector.