Vitesse Energy Stock Earnings Reports

Vitesse reported Q1 2026 production of ~15,962 BOE/d (up 7% YoY) with oil representing ~63% of volumes and 89% of oil & gas revenue. Adjusted EBITDA was $33.4 million; adjusted net loss was $0.3 million and GAAP net loss was $42.3 million, driven by a $48.2 million unrealized, noncash hedge loss. Free cash flow was $12 million after ~$18.7 million of development CapEx (net of divestitures). The Powder River Basin acquisition closed in April (1,400 BOE/d expected for remainder of 2026) and was funded with 1.9 million shares. Hedging coverage is ~73% of 2026 oil (weighted floor $64.68 / ceiling $67.20) and ~50% of 2026 gas. Net debt was $144.5 million, with net debt / trailing-12-month adjusted EBITDA of 0.82x, and the revolver was expanded by $25 million (commitment/borrowing base now $275 million; total liquidity ~ $130 million before internal cash flows). Management reiterated a disciplined capital allocation strategy focused on returning capital to shareholders (annualized dividend $1.75), conservative balance sheet management, opportunistic accretive M&A, and methodical hedging to support the dividend. Development activity is concentrated on longer laterals (3–4 mile), with Vitesse acreage hosting a large share of rigs in the Williston; operating activity has seen more workover and refrac activity recently, with operated development opportunities being assessed but likely to be more impactful in 2027 if pursued.