Vitesse Energy reports FY24 EPS 64c vs (73c) last year

Reports FY24 revenue $241.99M, two estimates $244.93M. “Throughout 2024, our assets continued to perform as expected and enabled us to pay $2.075 per share to our shareholders through the dividend during the year,” commented Bob Gerrity, Vitesse’s Chairman and Chief Executive Officer. “Our recently completed Lucero acquisition is expected to be accretive to all key financial metrics and supports today’s increase in the dividend to an annualized rate of $2.25 per share. We believe we are well positioned operationally and financially to pursue additional acquisitions facilitated by the continued evolution of our proprietary database, Luminis, which enhances our evaluation process.”