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 ...

Company Overview - Vitesse Energy, Inc is a non-operated working and mineral interest owner primarily in the Bakken oil field in North Dakota[8] - The company has interests in 6,932 productive wells (159 net wells) with an average working interest of 2.7% per working interest well[8] - Vitesse estimates there are >200 remaining net undeveloped locations across its asset[9] Financial Highlights - Vitesse's net production is 12.6 MBoe/d in Q1 2024[10] - The company's oil weighting is 71%[12] - The company has a ~$60 million share repurchase program approved[7] - The company offers a ~9% fixed dividend yield based on the 5/3/24 closing price of $22.63[6,7] Asset Value - The company's 1P PV-10 is $682 million[9,11] - The company's PDP PV-10 is $521 million[9] - The standardized measure is $575,691 thousands[17]

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 ...

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 ...

Production and Reserves - As of December 31, 2023, the company reported average daily production of 11,889 Boe, with proved reserves of 40,595 MBoe, of which 68% is oil[35]. - Estimated proved reserves in the Williston Basin are 38,605 MBoe, contributing to 95% of total estimated proved reserves and an average production of 10,883 Boe per day[41]. - The company has a working interest in 5,734 gross (157.5 net) productive wells and royalty interests in an additional 1,140 productive wells as of December 31, 2023[39]. - The estimated proved developed reserves increased to 28,474 MBoe, up from 27,106 MBoe in 2022, reflecting a growth of about 5.0%[46]. - Estimated proved undeveloped reserves decreased significantly from 16,691 MBoe in 2022 to 12,121 MBoe in 2023, a reduction of approximately 27.5%[49]. - The company has identified over 200 net undeveloped drilling locations not currently classified as proved, indicating potential future growth[35]. - The company has a significant inventory of remaining undeveloped drilling locations expected to be developed over the next 15 to 25 years, utilizing newer technologies[42]. - Approximately 30% of the estimated net proved reserves volumes were classified as proved undeveloped as of December 31, 2023[159]. Financial Performance - The company reported a net loss of $19.7 million for the year ended December 31, 2023, following a net income of $118.9 million in 2022 and a net loss of $7.4 million in 2021[142]. - The company distributed cash to stockholders totaling $58.0 million, $36.0 million, and $12.0 million for the fiscal years ended December 31, 2023, 2022, and November 30, 2021, respectively[37]. - The average realized oil price per Bbl for 2023 was $73.59, a decrease of 18.5% from $90.73 in 2022[62]. - The average realized natural gas price per Mcf for 2023 was $1.88, down 71.7% from $6.64 in 2022[62]. - The company may incur material write-downs of oil and natural gas properties due to continued low prices, which could adversely affect the value of its properties and securities[141]. - The company may experience higher costs due to fluctuations in oil and natural gas prices, which could reduce profitability and cash flow[158]. Regulatory Environment - The regulatory environment for oil and natural gas production is extensive, with federal, state, and local regulations impacting drilling operations, production limits, and environmental compliance[80]. - The federal government may impose new regulations that could increase operational costs, including potential increases in royalty rates and restrictions on oil and gas exports[80]. - The EPA has proposed more stringent methane regulations, requiring a 95% reduction in emissions through capture and control systems, with states given two years to implement these standards[91]. - The Clean Water Act (CWA) imposes restrictions on discharges into waters of the United States, requiring permits that could increase operational costs and delay development[93]. - The Oil Pollution Act (OPA) imposes strict liabilities on operators for oil spills, requiring facility response plans and financial assurances, which could adversely affect financial performance[95]. - The company is subject to environmental regulations that may require significant capital expenditures to ensure compliance, impacting financial condition and operational results[87]. - Changes in environmental laws and regulations could lead to increased scrutiny and potential liabilities for pollution, affecting the company's operations[88]. - The company is subject to increasing regulatory scrutiny affecting oil and gas exploration and production activities on federal lands, which could increase operating costs[204]. Operational Risks - The company faces risks related to volatile oil and natural gas prices, which could adversely affect its financial position and results of operations[112]. - The company is vulnerable to risks associated with operating in the Williston Basin, where the majority of its producing properties are located[112]. - The company may incur increased operating costs and reduced demand for its oil and natural gas products due to potential future climate change legislation or regulations[113]. - The company is subject to risks associated with third-party operators, which could adversely affect its financial condition and results of operations[112]. - Seasonal weather conditions can limit drilling and completion activities, impacting the ability to sell oil and natural gas[152]. - The company faces numerous risks related to drilling and production activities, including operational uncertainties and potential environmental liabilities[136][137]. Sustainability and Climate Change - The company is committed to sustainability goals and may be affected by governmental initiatives encouraging fuel conservation and shifts to alternative energy sources[113]. - The company acknowledges that climate change may lead to significant physical effects that could adversely impact its operations[104]. - Increased scrutiny on ESG practices may impact the company's reputation and access to capital, with negative investor sentiment affecting funding availability[189]. - Government initiatives aimed at reducing fossil fuel consumption could adversely affect demand for oil and natural gas, impacting revenues[186]. - The company has adopted regulations requiring monitoring and reporting of greenhouse gas emissions, which may impact its operations[102]. - The IRA, signed into law in August 2022, imposes a fee on GHG emissions starting in 2024, which could increase operating costs and accelerate the transition away from fossil fuels[226]. Human Resources - The company had 36 full-time employees as of December 31, 2023, with plans to hire additional personnel as needed[105]. - The company is focused on attracting and retaining top talent, providing a welcoming and inclusive environment, and offering excellent training and career development opportunities[105]. Acquisition and Growth Strategy - The company has completed approximately 170 discrete acquisitions totaling over $570 million since inception, focusing on non-operated working interests in leading oil and natural gas shale plays[39]. - The company plans to focus on a target asset class and deal size to reduce competition and costs compared to the broader oil and natural gas industry[73]. - The acquisition strategy involves risks associated with evaluating properties with limited information, potentially leading to unknown liabilities[160]. - Integration of acquired assets may not be successful, potentially affecting anticipated benefits and operational efficiency[165]. Financial Covenants and Debt - The company is required to maintain compliance with certain financial covenants under its Revolving Credit Facility, which may restrict its ability to pay dividends[200]. - The EBITDAX Ratio must not exceed 1.50 to 1.00 for the company to make cash distributions without limit to equity holders[200]. - The company faces risks related to its indebtedness, particularly if the borrowing base under its Revolving Credit Facility is reduced, which could negatively impact liquidity and operations[193]. - An event of default under the Revolving Credit Facility could result in a material adverse effect on the company's business and financial condition[195]. Market Conditions - The ongoing military conflicts in Ukraine and the Middle East have caused market volatility and may adversely affect financial conditions[176]. - Oil and natural gas prices are highly volatile, and significant declines could adversely affect Vitesse's financial condition, results of operations, and cash flow[131][135]. - Factors influencing oil and natural gas prices include global supply and demand, geopolitical events, and changes in U.S. energy policy[133][135]. Legal and Tax Considerations - Jefferies received an IRS ruling and a tax opinion indicating that the Distribution qualifies as a tax-free "reorganization" under U.S. federal income tax law[232]. - The validity of the IRS ruling is contingent on the accuracy of factual representations made in the ruling request[233]. - If the Distribution is deemed not tax-free, Jefferies could face significant tax liabilities as if it sold the Vitesse common stock[234]. - Jefferies shareholders may be treated as receiving a distribution equal to the fair market value of the common stock received, leading to potential tax liabilities[234].