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Vitesse Energy, Inc. (VTS)
NYSE:VTS
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: 3.20%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented multiple strong achievements, including a significant dividend increase, successful acquisition of Lucero Energy, and positive production growth expectations. However, challenges such as the impact of reduced commodity prices on reserves and infrastructure needs in the Bakken region were noted. Overall, the positive aspects outweigh the negatives, reflecting a primarily positive outlook.Company Guidance
In the recent Vitesse Energy earnings call, the company laid out several key metrics and guidance for the upcoming year. For 2025, Vitesse anticipates a production range of 17,000 to 18,000 barrels of oil equivalent per day (Boe/d), representing an approximate 35% increase from 2024 levels. The company has hedged approximately 53% of its oil production at an average price of $71.16 per barrel and introduced natural gas hedges for the first time, covering 15% of its production with a floor of $3.73 per MMBtu and a ceiling of $4.88. Vitesse also plans to spend between $130 million to $150 million on capital expenditures, including $20 million earmarked for acquisitions. The company closed an accretive acquisition of Lucero Energy, which is expected to immediately bolster financial metrics and strengthen the balance sheet. Following the acquisition, Vitesse increased its quarterly dividend by 7% to $0.5625 per share, or $2.25 on an annualized basis. The Board of Directors expanded to nine members, welcoming Gary Reaves and Bruce Chernoff from Lucero. Vitesse's full-year 2024 adjusted EBITDA was reported at $156.8 million, with a net debt to adjusted EBITDA ratio of 0.7 times, and the borrowing base increased to $315 million.Dividend Increase
Vitesse Energy increased its dividend by 7% sequentially to $0.5625 per common share, which is $2.25 per share on an annualized basis.
Lucero Energy Acquisition
The acquisition of Lucero Energy Corp, completed in a stock-for-stock transaction, is expected to be immediately accretive to key financial metrics, bolstering the dividend and strengthening the balance sheet.
Production Growth
Expected production increase for the first quarter of 2025 to be between 14,000 and 15,000 barrels of oil equivalent per day, with a significant increase expected in the second quarter.
Strong Financial Position
Vitesse Energy ended 2024 with total debt of $117 million, with a net debt to adjusted EBITDA ratio of 0.7 times. The borrowing base was increased to $315 million with $250 million elected commitments.
2025 Production Guidance
Anticipated production for 2025 is in the range of 17,000 to 18,000 Boe per day, a 35% increase at the midpoint versus 2024 levels.
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VTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $23.76 | $23.99 | +0.97% |
| Nov 04, 2024 | $24.04 | $25.15 | +4.62% |
| Aug 05, 2024 | $21.78 | $21.69 | -0.41% |
| May 06, 2024 | $20.70 | $22.08 | +6.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vitesse Energy, Inc. (VTS) report earnings?
Vitesse Energy, Inc. (VTS) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Vitesse Energy, Inc. (VTS) earnings time?
Vitesse Energy, Inc. (VTS) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VTS EPS forecast?
VTS EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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