Vitesse Energy Announces Full Year 2023 Results and Declares $0.50 Quarterly Cash Dividend
Vitesse Energy, Inc. (VTS)
Company Research
Source: Business Wire
CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or “the Company”) today announced the Company’s 2023 financial and operating results and declared a quarterly cash dividend.HIGHLIGHTSDeclared a quarterly cash dividend of $0.50 per common share to be paid on March 29, 2024Net loss of $19.7 million and Adjusted Net Income(1) of $53.6 millionAdjusted EBITDA(1) of $157.0 millionCash flow from operations of $141.9 million and Free Cash Flow(1) of $60.7 millionProduction of 11,889 barrels of oil equivalent (“Boe”) per day (68% oil), an increase of 15% from 2022, and fourth quarter 2023 production of 13,652 Boe per day (72% oil)Total cash development capital expenditures and acquisition costs of $120.5 millionTotal debt of $81.0 million and Net Debt to Adjusted EBITDA ratio(1) of 0.51(1) Non-GAAP financial measure; see reconciliation schedules at the end of this releaseMANAGEMENT COMMENTSBob Gerrity, Vitesse’s Chairman and Chief Executive Offi
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News
- Vitesse Energy Announces First Quarter 2024 Earnings Release Date and Conference CallBusiness Wire
- Vitesse Energy Announces Full Year 2023 Results and Declares $0.50 Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Vitesse Energy Announces Year-End 2023 Earnings Release Date and Conference CallBusiness Wire
VTS
Earnings
- 11/1/23 - Miss
VTS
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 3/20/24 - Form ARS
- VTS's page on the SEC website