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 ...

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 ...

Financial Data and Key Metrics Changes - The company reported production levels of just over 11,000 Boe per day, with approximately 67% being oil [18] - Adjusted EBITDA remained flat sequentially at $34.7 million, while adjusted net income was $11.1 million [19] - GAAP net income showed a loss of $1.5 million [19] - Cash CapEx and acquisition costs for the quarter were approximately $34.1 million, funded through operating cash flows and credit facility withdrawals, resulting in outstanding debt increasing by $15 million to $56 million as of September 30 [20] Business Line Data and Key Metrics Changes - The company completed several impactful acquisitions during the third quarter, which are expected to provide material increases to production and cash flow in Q4 2023 and throughout 2024 [11] - The acquisitions involved approximately $50 million of additional CapEx, primarily in the second half of 2023 [11] Market Data and Key Metrics Changes - The company hedged approximately 50% of its estimated fourth quarter 2023 oil production and close to 40% of its estimated full-year 2024 oil production at $79 per barrel [14] Company Strategy and Development Direction - The company emphasizes a return of capital strategy, with the payment of a fixed dividend being the top priority, having declared a cash dividend of $0.50 per share for both Q3 and Q4 [8] - The company is actively pursuing near-term development drilling deals and larger asset acquisitions to support its dividend [9] Management's Comments on Operating Environment and Future Outlook - Management noted a consistent pace of development on existing assets and highlighted the importance of organic conversion of undeveloped locations [13] - The company is experiencing significant deal flow in both near-term and larger asset classes, indicating a robust M&A environment [39] Other Important Information - The company reported that NGL prices were low due to high storage levels, which impacted realized prices for natural gas [28] - Management indicated that cost inflation in the Bakken has not been as pronounced as in other basins, with operators effectively managing costs [43] Q&A Session Summary Question: Details on acquisition activity - Management confirmed that the acquisition pipeline has been active, with several transactions coming together in the latter part of Q3, primarily involving wells in the drilling process [23][24] Question: Natural gas price realizations - Management explained that realized prices were affected by low NGL prices and transportation costs, which are netted out in their reporting [28][30] Question: Hedge book additions - Management indicated that recent hedges were opportunistic, locking in higher prices for expected production from acquisitions [34][36] Question: State of the M&A market - Management noted a significant increase in deal flow, with many opportunities being assessed, although closing deals is not guaranteed [39] Question: Cost side updates - Management reported that cost inflation has not been significant in the Bakken, with operators managing costs effectively [43]

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]