VITESSE ENERGY ANNOUNCES FIRST QUARTER 2024 RESULTS AND ADDITIONAL NEAR- TERM DEVELOPMENT ACQUISITIONS, RAISES 2024 GUIDANCE AND INCREASES QUARTERLY CASH DIVIDEND TO $0.525 GREENWOOD VILLAGE, Colo. – May 6, 2024 – Vitesse Energy, Inc. (NYSE: VTS) ("we," "our," "Vitesse," or the "Company") today reported the Company's first quarter 2024 financial and operating results, announced additional acquisitions, raised 2024 guidance and declared an increased quarterly cash dividend. HIGHLIGHTS MANAGEMENT COMMENTS "Vi ...

Vitesse Energy, Inc. (NYSE:VTS) Q4 2023 Earnings Conference Call February 27, 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 Michael Schwartz - Jefferies Chris Baker - Evercore ISI Jeff Grampp - Alliance Global Partners Donovan Schafer - Northland Capital Markets John White - ROTH Capital Partners Jeff Robe ...

VITESSE ENERGY ANNOUNCES FULL YEAR 2023 RESULTS AND DECLARES $0.50 QUARTERLY CASH DIVIDEND CENTENNIAL, Colo. – February 26, 2024 – Vitesse Energy, Inc. (NYSE: VTS) ("we," "our," "Vitesse," or "the Company") today announced the Company's 2023 financial and operating results and declared a quarterly cash dividend. HIGHLIGHTS Non-GAAP financial measure; see reconciliation schedules at the end of this release (1) MANAGEMENT COMMENTS Bob Gerrity, Vitesse's Chairman and Chief Executive Officer commented, "During ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ 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 Indicate by check mark if the registrant is a well-known seasoned is ...

Vitesse Energy, Inc. (NYSE:VTS) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Ben Messier - Director, IR Bob Gerrity - Chairman and CEO Brian Cree - President Jimmy Henderson - CFO Conference Call Participants John White - ROTH Capital Partners Donovan Schafer - Northland Capital Markets Jeff Brent - Alliance Global Partners Operator Greetings, and welcome to the Vitesse Energy Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A q ...

FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number 001-41546 Vitesse Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 9200 E. Mineral Avenue, Suite 200 Centennial, Colorado 80112 For the quarterly period ended September 30, 2023 (Address of Principal Executive Offices ...

Financial Data and Key Metrics Changes - The company's net income for Q2 2023 was $9.6 million, with adjusted net income at $11.4 million, and adjusted EBITDA decreased to $34.8 million from $40.1 million in Q1 due to lower commodity prices, particularly for natural gas and NGLs [14][15] - Cash flow from operations was $39 million, and free cash flow was $16.1 million, which was utilized for dividends, reducing credit facility balance, and making drilling acquisitions [14][15] - Production increased by 16% year-over-year, totaling 11,359 barrels of oil equivalent per day, with oil comprising 67% of production and 94% of total revenue [15] Business Line Data and Key Metrics Changes - The company had 8.5 net wells in various stages of drilling and completion as of June 30, 2023, with an additional 11 net wells permitted for development [11] - Capital spending for the first half of 2023 was $43.3 million, expected to exceed the upper end of the annual CapEx guidance [11] Market Data and Key Metrics Changes - Lease operating expenses increased by 3% compared to Q1 2023 on a per BOE basis, while general and administrative expenses decreased by 59% on a per-unit basis due to lower one-time costs [16] - The company layered in additional oil swaps through Q1 2024 to capitalize on increased oil prices [16] Company Strategy and Development Direction - The company emphasizes a dividend-first strategy, with a focus on capital efficiency and deal flow to support dividend payments [7][14] - The management is optimistic about the development pipeline and the potential for future production growth, although they acknowledge the lag between CapEx and production [11][20] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is a positive trend in cost deflation for services, it is not a large trend but rather a gradual improvement [22] - The company is actively seeking larger-scale acquisitions but has not yet secured any, despite bidding on several transactions [24][37] Other Important Information - The company reaffirmed its previously issued 2023 annual guidance [17] - The management highlighted the importance of technology and efficiency improvements in driving future capital efficiency [29] Q&A Session Summary Question: Clarification on CapEx guidance and 2024 production growth - Management confirmed that increased CapEx reflects good deal flow and is a positive indicator for future opportunities, but they cannot provide specific guidance for 2024 production growth at this time [20][36] Question: Insights on capital efficiency and cost per foot in Bakken - Management noted an increase in 3-mile laterals and refracs, indicating improved capital efficiency, but emphasized that the trend is still developing [28][29] Question: Deferred taxes and future tax rates - The company expects a tax rate of 17% to 20% on current net income going forward, following a significant charge taken in Q1 [31] Question: Hedging strategy for 2025 and 2026 - Management stated that hedging is crucial for protecting dividends and they plan to continue hedging at attractive prices as they approach 2025 and 2026 [43][44]

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 June 30, 2023 OR Table of Contents 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 jurisdicti ...

Vitesse Energy, Inc. (NYSE:VTS) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants Ben Messier - Director-Investor Relations Bob Gerrity - Chairman and Chief Executive Officer Dave Macosko - Chief Financial Officer Brian Cree - President Conference Call Participants Donovan Schafer - Northland Capital Markets Lloyd Byrne - Jefferies Jeff Grampp - Alliance Global Partners Operator Greetings. Welcome to Vitesse Energy First Quarter 2023 Earnings Call. At this time, all participants a ...

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, 2023 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 ...