Earnings Releases·Nov 2, 2026, 4:06 PM ET

Vitesse Energy — Third Quarter 2026 Earnings Summary

Reported total revenue of $82.95 million, a 23% year-over-year increase, while Adjusted Net Income reached $2.5 million and Adjusted EBITDA was $39.3 million; GAAP net loss of $36.4 million included a $46.6 million non-cash unrealized loss on commodity derivatives.
Revised 2026 annual production guidance upward to 16,600–17,200 Boe per day and increased cash capital expenditure guidance to $80–$90 million, driven by the September 2026 closing of the Denver-Julesburg Basin Acquisition.
Maintained a conservative balance sheet with Net Debt to Adjusted EBITDA at 1.3x and a target leverage of 1.0x or below, supported by $85.2 million in total liquidity and a $15 million expansion of the revolving credit facility in October 2026.
Declared a fourth-quarter cash dividend of $0.4375 per share, continuing the quarterly payout strategy, while management emphasized disciplined capital allocation to integrate the new acquisition and generate sustainable returns.