Core Viewpoint - Vitesse Energy offers a 7.5% yield, with a business model that mitigates risks associated with oil and gas price fluctuations, making it less risky than its dividend yield suggests [1][10]. Investment Case - The market often assigns high yields to stocks due to doubts about dividend sustainability, particularly if oil prices collapse. However, Vitesse can withstand price fluctuations between $70 and $30 per barrel [2][3]. - For income-seeking investors who believe oil prices will remain stable, Vitesse is considered an excellent investment opportunity [3]. Business Model - Vitesse does not own or operate assets but takes minority working interests in wells operated by leading oil and gas companies, focusing primarily on the Bakken region [4][5]. - The company has interests in 7,126 productive wells with an average working interest of 2.7%, and it has historically participated in 30%-55% of rigs drilling in the Bakken [5][6]. Risk Diversification - The strategy of investing in multiple wells reduces risk, as the operators handle the marketing, selling, and transporting of oil and gas, allowing Vitesse's management to focus on value creation [6]. Hedging Strategy - Vitesse employs a hedging strategy to mitigate exposure to oil price volatility, with 63% of its oil production hedged in the third quarter [7][8]. - The hedging strategy has shown to lower the realized price in 2022 but increased it in 2023 and continues to do so in 2024 [8]. - For 2025, 43% of expected oil production is hedged at $73.21 per barrel, providing downside protection against falling oil prices [9]. Conclusion on Investment - While Vitesse carries some risk, its diversified business model and effective hedging strategy reduce reliance on energy prices, making its 7.5% dividend yield attractive for investors comfortable with historical oil price ranges [10].

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $37.6 million and adjusted net income of $7.6 million for Q3 2024, while GAAP net income was $17.4 million [15] - Cash CapEx and acquisition costs totaled $17.2 million for the quarter, with a year-to-date total of $87 million, leading to a revised annual CapEx guidance of $110 million to $120 million [16] - Operating cash flow net of working capital changes was $35.1 million, which covered the dividend and CapEx, allowing for a $10 million debt reduction [17] Business Line Data and Key Metrics Changes - Production averaged 13,009 barrels of oil equivalent (BOE) per day in Q3 2024, with a year-to-date production of 13,023 BOE per day [12] - The company had 20.2 net wells in its development pipeline, with 11.3 wells being drilled and completed as of September 30 [13] Market Data and Key Metrics Changes - The company hedged 54% of its remaining 2024 oil production at above $78 per barrel and 43% of its 2025 production at above $73 per barrel [14] Company Strategy and Development Direction - The company continues its return of capital strategy, having paid a dividend of $0.525 per share in September and declaring another for December [8] - The company reduced CapEx by 18% while maintaining production guidance, indicating a focus on capital efficiency [10] - The company is opportunistic in its capital allocation, flexibly adjusting CapEx to meet return hurdles [9] Management's Comments on Operating Environment and Future Outlook - Management noted that lower oil prices create more attractive near-term opportunities for acquisitions, while also emphasizing the high return from organic drilling [26] - The company expects a 7% production growth in 2025 with a CapEx of $105 million to $120 million [19] Other Important Information - The company amended its credit facility, extending the maturity date and reaffirming the borrowing base at $245 million, while reducing elected commitments to $235 million [18] Q&A Session Summary Question: CapEx dynamics and activity levels - Management explained that lower CapEx in Q3 was due to the timing of wells coming online, which were pushed to Q4 and early 2025 [22] Question: Organic CapEx visibility and trends - Management indicated that AFEs received in 2024 are nearly double those in 2023, allowing for more capital allocation to higher return opportunities [24] Question: Impact of wildfires in North Dakota - Management confirmed that wildfires did not significantly impact production volumes, attributing any production adjustments to well timing [29] Question: Trends in costs embedded in AFEs - Management noted that AFEs remained consistent, with expectations for drilling costs to decrease due to lower oil prices [30]

Investor Presentation November 2024 Vitesse is the French word for velocity. VTS represents the velocity of capital compounding. Disclaimer Forward Looking Statements This presentation contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this presentation regarding Vitesse Energy, Inc.'s ("Vitesse ...

Company Performance - Vitesse Energy reported quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.41 per share, and down from $0.38 per share a year ago, representing an earnings surprise of -41.46% [1] - The company posted revenues of $58.28 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 12.94%, compared to year-ago revenues of $55.05 million [2] - Over the last four quarters, Vitesse has surpassed consensus EPS estimates just once, while it has topped consensus revenue estimates three times [2] Stock Performance - Vitesse shares have increased by approximately 12.8% since the beginning of the year, while the S&P 500 has gained 20.1% [3] - The current consensus EPS estimate for the coming quarter is $0.50 on revenues of $72.79 million, and for the current fiscal year, it is $1.42 on revenues of $267.58 million [7] Industry Outlook - The Oil and Gas - Exploration and Production - United States industry is currently in the bottom 18% of over 250 Zacks industries, indicating potential challenges for stocks within this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the outlook for the industry can significantly impact stock performance [5][8]

Core Viewpoint - Vitesse Energy is focused on generating strong free cash flow and returning it to investors, making it an attractive option for income-focused investors with an 8.5% forward dividend yield [1]. Company Overview - Vitesse Energy owns non-operating interests in oil and natural gas wells, differentiating itself from other companies in the energy value chain [2]. - The company's business plan emphasizes building a diversified, low-leverage, free cash flow generating business to deliver meaningful dividends to stockholders [2]. Dividend Distribution - After its spinoff from Jefferies Financial Group in January 2023, Vitesse Energy returned $58 million in dividends for 2023, distributing $0.50 per share quarterly [2]. - For the first quarter of 2024, Vitesse declared another dividend of $0.50 per share and subsequently increased the distribution by 5% to $0.525 per share for the second and third quarters [3]. - If the dividend payout remains steady, Vitesse Energy will return $2.10 per share annually [3]. Investment Considerations - To generate $1,000 in passive income in a year, an investor would need to own 476.2 shares of Vitesse Energy [3]. - Despite its focus on free cash flow and shareholder returns, Vitesse Energy's short operating history post-spinoff introduces a higher degree of risk [4]. - The company has struggled to generate adequate free cash flow to support its dividend payments over the past year, which may deter conservative investors [5].

This high-yield stock is on track for another successful year. As the dust settles on talk of yen carry trades and market crashes, the price of oil is still above $75 a barrel. Meanwhile, market interest rates are trending lower in anticipation of a Federal Reserve rate cut. With OPEC+ extending production cuts in 2025, the bull case for oil is intact. Still, you don't necessarily need to be a raging oil bull to like buying stock in 9%-yielding Vitesse Energy (VTS -0.22%). Here's why. Vitesse Energy's divid ...

Vitesse Energy Inc. (VTS) is set to report second-quarter 2024 earnings on Aug 5, after the closing bell. Let us delve into the factors that are anticipated to have affected this upstream energy company's performance. However, before that, it would be worth taking a look at VTS's first-quarter performance. Highlights of Q1 Earnings & Surprise History The company's adjusted earnings per share of 34 cents beat the Zacks Consensus Estimate of 32 cents in the last reported quarter. Vitesse Energy's earnings bea ...

Investor Presentation May 2024 Vitesse is the French word for velocity. VTS represents the velocity of capital compounding. Disclaimer Forward Looking Statements This presentation contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this presentation regarding Vitesse Energy, Inc.'s ("Vitesse") fi ...

Vitesse Energy, Inc. (NYSE:VTS) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Ben Messier - Director-Investor Relations and Business Development Bob Gerrity - Chairman and Chief Executive Officer Brian Cree - President Jimmy Henderson - Chief Financial Officer Conference Call Participants John White - ROTH Capital Partners Michael Schwartz - Jefferies Stephen Richardson - Evercore ISI Jeff Grampp - Alliance Global Partners Jeff Robertson - Water Tower Research Donovan Schafer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-41546 Vitesse Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdict ...