Vitesse Energy Inc

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Vitesse Energy Inc reports robust Q3 performance and outlines growth strategies

Vitesse Energy Inc's Q3 2024 performance reflects a strong operational and financial foundation with a focus on growth and cost management.
The company's strategic initiatives to enhance shareholder value and optimize production efficiency position it well for future success.
While facing challenges in investment clarity and operational risks, Vitesse Energy has opportunities to drive growth through strategic decisions and cost-effective measures.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Vitesse Energy, Inc. engages in the acquisition, ownership, exploration, development, management, production, exploitation, and disposition of oil and gas properties. It focuses on acquiring non-operated working interest and royalty interest ownership primarily in the core of the Bakken Field in North Dakota and Montana. The company was founded on August 5, 2022 and is headquartered in Greenwood Village, CO.

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (“Vitesse” or the “Company”) (NYSE: VTS) announced today the appointment of James Henderson as the Company's Chief Financial Officer. Mr. Henderson succeeds David Macosko, who is transitioning from the Company effective August 31, 2023. “Jimmy is a proven leader with a successful history in the energy industry, and I am eager to work with him as we move Vitesse forward in the years ahead,” said Bob Gerrity, Vitesse's Chairman and Chief Ex.

Vitesse Energy Announces Chief Financial Officer Transition

McKesson

Marsh & McLennan

Berkshire Hathaway exited its positions in McKesson, Marsh & McLennan, and Vitesse Energy in Q2. Buffett likely made a profit from all three stocks.

Warren Buffett Just Dumped These 3 Dividend Stocks. Should You?

Jefferies Financial Group Inc

The high-yielding stock's dividend might not prove sustainable over the long term. Its hedging strategy provides some risk management, but it's a big ask to expect Vitesse to be agnostic to the movement in the price of oil.

Warren Buffett Sells an 8%-Yielding Stock: Time to Follow?

Activision Blizzard

Celanese

Chevron

D.R. Horton

Globe Life Inc

General Motors

Lennar

Warren Buffett's Berkshire Hathaway added a trio of homebuilders to its portfolio last quarter. The investor's company exited three stocks and slashed several of its positions, SEC filings show.

Warren Buffett's Berkshire Hathaway bet on 3 homebuilders - and sold and slashed a bunch of stocks last quarter

Occidental Petroleum

Chevron continues to be best in breed. Occidental Petroleum's stock is trading at a steep discount to its historic valuation.

3 Unstoppable Warren Buffett Dividend Stocks That Have Room to Run

Vitesse Energy is a non-operating energy producer with investments in multiple oil developers in the Williston Basin. Second quarter results showed strong cash flows and record low production costs, with potential for increased margins if oil prices rise. Vitesse's stock trades at $24.23 with a $2.00 dividend, and there is potential for the stock price to reach $40 per share.

Vitesse Energy Is A Bakken Power Player

Vitesse Energy, Inc. (NYSE:VTS ) Q2 2023 Results Conference Call August 1, 2023 9:00 AM ET Company Participants Ben Messier - Director, IR Bob Gerrity - Chairman and CEO Brian Cree - President Dave Macosko - CFO Conference Call Participants Chris Baker - Evercore ISI Lloyd Byrne - Jefferies Donovan Schafer - Northland Capital Markets Michael Schwartz - Jefferies Operator Greetings. Welcome to Vitesse Energy Second Quarter 2023 Earnings Call.

Vitesse Energy, Inc. (VTS) Q2 2023 Earnings Call Transcript

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today announced the Company's second quarter 2023 financial and operating results. HIGHLIGHTS Net income of $9.6 million and $11.4 million of Adjusted Net Income(1) Adjusted EBITDA(1) of $34.8 million Cash flow from operations of $39.0 million and Free Cash Flow(1) of $16.1 million Production of 11,359 barrels of oil equivalent (“Boe”) per day (67% oil) Total cash capital expenditures.

Vitesse Energy Announces Second Quarter 2023 Results

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse”) today announced that its Board of Directors declared its third quarter cash dividend for Vitesse's common stock of $0.50 per share for stockholders of record as of September 15, 2023, which will be paid on September 29, 2023. Future declarations of quarterly dividends and the establishment of record and payment dates are subject to approval by the Board of Directors. ABOUT VITESSE ENERGY, INC. Vitesse Energy, Inc.

Vitesse Energy Declares $0.50 Quarterly Cash Dividend

Berkshire Hathaway has invested heavily in oil and gas businesses. Buffett appears to be using the same two criteria with these investments that he has always used before buying stocks.

Warren Buffett's 2 Big Reasons for Betting $40 Billion on Fossil Fuels

Understanding the company's business model is key to both the bear and bull cases. The stock's yield will attract passive-income investors, but it might not prove sustainable at the current levels.

Vitesse Energy Stock: Bull vs. Bear

Ally Financial

Bank of America

Citigroup

Kraft Heinz

Coca-Cola

Mastercard

Paramount Global

Visa

This Warren Buffett holdings list from Kiplinger first appeared 5/20/23 online. YCharts and Dogs of The Dow both track this Buffett/Berkshire batch. Here is your update from 7/21/23 YCharts data. 32 of 48 current Berkshire-Hathaway-owned-stocks pay dividends. As of 7/21/23, the top ten ranged 2.95%-8.52% by annual-yield and 46 of 48 ranged -25.29% to 39.55% per broker-estimated target price upsides. Analyst-augured top-ten net-gains from Buffett's July dividend dogs ranged 10.64%-31.19% from MA, KO, V, BAC, ALLY, CVX, C, PARA, KHC, and top pick GM per YCharts data.

Buy 4 July Buffett Dividend Dogs And Watch 4 More

Ares Capital

Golub Capital BDC

KeyCorp

Kinder Morgan

AT&T

Verizon

All of Buffett's ultra-high-yielders are in the communications, energy, or financial services sectors. Their dividend yields range from 6.5% to nearly 10%.

Every Ultra-High-Yield Dividend Stock Warren Buffett Owns, Ranked From Best to Worst

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) today announced that it plans to issue its second quarter 2023 financial and operating results on Monday, July 31, 2023, after market close. Additionally, the Company will host a conference call on Tuesday, August 1, 2023, at 9:00 a.m. Eastern Time. The Company will simultaneously post an updated corporate slide presentation with respect to those results on Vitesse's website, www.vitesse-vts.com, i.

Vitesse Energy Announces Second Quarter 2023 Earnings Release Date and Conference Call

Should You Buy This Tiny Warren Buffett Stock?

Crane NXT Co

GE HealthCare Technologies Inc

Knife River Corp

Spinoffs are known for being a mixed bag from an investor's viewpoint. Some of them can unlock the true value of businesses by allowing the spinoff and the parent company to focus on their niches rather than being hampered by underinvestment and undervaluation as part of a bulkier corporation.

Spinoffs Roundup: These Companies Could Unlock Value in 2023

Capital One

Warren Buffett has been running circles around the benchmark S&P 500 for almost 60 years. The cheapest stocks in Berkshire Hathaway's $350 billion portfolio have forward price-to-earnings ratios of between 5.6 and 9.5.

The 10 Cheapest Stocks Warren Buffett Owns

This Buffett holdings list from Kiplinger first appeared 5/20/23 on line. YCharts and Dogs of The Dow both track this Buffett/Berkshire batch. Here is your update from 6/20/23 YCharts data. 32 of 48 current Berkshire-Hathaway-owned-stocks pay dividends. As of 6/20/23 the top-ten ranged 3.00%-8.81% by annual-yield and 46 of 48 ranged -2.10% to 50.32% per broker-estimated target-price-upsides. Analyst-augured top-ten net-gains from Buffett's June dividend dogs ranged 17.99%-33.66% from GL, CE, ALLY, C, OXY, CVX, BAC, PARA, GM, and top pick KHC per YCharts data.

6 June Buffett Dividend Dog Buys And 4 To Watch

AAON

Banco Latinoamericano de Comercio Exterior SA

Burford Capital Limited

Copa Hlds

DigitalOcean Holdings

Extreme Networks

First Citizens BancShares

Frontline

International Seaways

Dorian LPG

MercadoLibre

North American Energy Partners

ServiceNow

Splunk

Teekay Tankers

Vista Oil & Gas SAB de CV

Wabash National

ServiceNow, Splunk and airline stock Copa among the top growth stocks eyeing 78%-2,900% earnings growth in their next report.

See 18 Top Growth Stocks Eyeing 78% To 2,900% EPS Gain In Q2

Crown Castle International

Viatris

Warren Buffett owns five stocks with dividend yields of 4.9% or higher. Four of the five belong to the portfolio of one of Berkshire Hathaway's subsidiaries.

Warren Buffett Owns These 5 High-Yield Dividend Stocks. Should You?

The consensus price target for Vitesse Energy is below its current share price. Analysts aren't as pessimistic about the oil stock as it might seem at first glance.

Does Wall Street Think Warren Buffett Is Dead Wrong About This High-Yield Dividend Stock?

Vitesse Energy manages risk by diversifying its investments, keeping a low debt load, and hedging its exposure to oil. A big part of the investment case is its management team's experience, and its hedging strategy to reduce the volatility in the oil price realized by the company Berkshire Hathaway's position stems from its part ownership of Jefferies Financial Group (Vitesse was spun out of Jefferies in January 2023).

Maintaining a Generous Dividend:Warren Buffett's 9% Yielding Stock's Strategic Approach

Chevron represents one of the larger holdings in the Berkshire Hathaway portfolio. Vitesse is an oil & gas stock currently yielding more than 8% Bank of America is a good value.

3 High-Yield Warren Buffett Dividend Stocks to Buy in June

Buffett owns two high-yielding business development company stocks through a Berkshire Hathaway subsidiary. He also added a high-yielding oil stock to Berkshire's portfolio in Q1.

Believe It or Not, Warren Buffett Owns 3 Dividend Stocks With Yields of Over 8%

Vitesse Energy, a spin-off company with a tight capital base and significant cash flow, offers investors an early opportunity to invest in an underanalyzed business. The company's significant dividend, proprietary software for optimal investment decisions, and exposure to refrac technology in the Williston Basin make it an attractive investment option. Despite potential recession concerns, Vitesse's stock could hit $30 per share due to factors such as increased oil prices, growing demand from China and India, and the company's ability to deliver significant free cash flow in 2023.

Vitesse Energy: Deserves Spot In Portfolios Seeking High Capital Returns With Upside Potential

News for Vitesse Energy Inc Stock (VTS)