Vitesse Energy Reports 2024 Results and Dividend Increase

Vitesse Energy, Inc. ( (VTS) ) has released its Q4 earnings. Here is a breakdown of the information Vitesse Energy, Inc. presented to its investors.

Vitesse Energy, Inc. is a company focused on returning capital to stockholders through non-operating interests in oil and gas wells drilled by leading US operators. In its latest earnings report, Vitesse Energy announced an increase in its quarterly cash dividend to $0.5625 per share and provided guidance for 2025 production and capital expenditures. The company reported a full year 2024 net income of $21.1 million and an adjusted EBITDA of $156.8 million, alongside a strategic acquisition of Lucero Energy Corp. which is expected to enhance its financial metrics. Vitesse Energy’s 2024 production averaged 13,003 barrels of oil equivalent per day, with oil constituting 69% of production. Looking ahead, Vitesse Energy plans to increase its production to 17,000 – 18,000 Boe per day in 2025, with capital expenditures projected between $130 – $150 million, indicating a strong growth trajectory supported by recent acquisitions.