Vitesse Energy Earnings Reports

Vitesse Energy announced its first quarter 2025 results, reporting net income of $2.7 million and Adjusted EBITDA of $39.9 million. Production averaged 14,971 Boe per day, an increase of 16% from the previous quarter. The company also revised its 2025 guidance, reducing planned capital expenditures by 32% due to commodity price volatility.

Vitesse Energy's Q4 2024 revenue increased by 8.5% year-over-year to $59.8 million, driven by higher oil production and pricing. However, the company reported a net loss of $5.1 million, primarily due to unrealized losses on derivative instruments and increased general and administrative expenses related to the Lucero acquisition. Adjusted EBITDA stood at $37.0 million, and production averaged 12,945 Boe per day.