Mar. 11 at 8:15 PM
$VTS
Earnings
Vitesse Energy reported its Q4 and full-year 2024 results, announcing a 7% increase in quarterly dividend to
$0.5625 per share.
The company achieved full-year 2024 net income of
$21.1 million and Adjusted EBITDA of
$156.8 million, with production averaging 13,003 Boe per day (69% oil).
Key financial metrics include cash flow from operations of
$155.0 million and Free Cash Flow of
$51.2 million.
The company completed its previously announced Lucero Energy Corp. acquisition on March 7, 2025.
Total debt stands at
$117.0 million with a Net Debt to Adjusted EBITDA ratio of 0.73.
For 2025 guidance, Vitesse projects production of 17,000-18,000 Boe per day, representing a 35% increase from 2024.
The company expects total cash capital spending of
$130-150 million for 2025, with approximately 53% of its 2025 oil production hedged at
$71.16 per barrel.
