Vitesse Energy reports Q1 EPS 8c vs (7c) last year

Reports Q1 revenue $66.17M vs $61.19M last year. “In the first quarter, we delivered a 7% dividend increase and successfully closed the acquisition of Lucero,” said Bob Gerrity, Vitesse’s Chairman and Chief Executive Officer. “Our low leverage, disciplined hedging strategy, and foundational asset base provide us the flexibility to navigate market volatility. We believe we are well-positioned to succeed in this environment, and as a testament to our durability, the Board of Directors has maintained our dividend at an annual rate of $2.25 per share.”