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Mar 31
Vitesse Energy Q1 2025 Earnings Report
Reported first quarter 2025 financial and operating results and revised 2025 guidance
Key Takeaways
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.
Net income for Q1 2025 was $2.7 million, with Adjusted Net Income of $8.0 million.
Adjusted EBITDA for the quarter was $39.9 million.
Production averaged 14,971 Boe per day in Q1 2025, a 16% increase from Q4 2024.
Revised 2025 guidance includes a 32% reduction in planned capital expenditures and a 9% projected decline in annual production compared to prior guidance.
Vitesse Energy
Vitesse Energy
Vitesse Energy Revenue by Segment
Revenue by Segment
Oil Revenue
CapyFin.comNatural Gas Revenue
CapyFin.com Forward Guidance
Vitesse Energy has revised its 2025 annual guidance, reducing planned capital expenditures and slightly lowering production projections due to commodity price volatility and market uncertainty. The company aims to preserve returns and maintain financial flexibility.
Positive Outlook
- Maintaining dividend at an annual rate of $2.25 per share.
- Revised 2025 production is still projected to be a 23% increase over 2024 production.
- Low leverage position provides flexibility to navigate market volatility.
- Disciplined hedging strategy helps increase predictability and certainty of cash flow.
- Prioritizing capital discipline over production growth in response to market conditions.
Challenges Ahead
- Implementing a 32% reduction in planned capital expenditures based on midpoints compared to prior guidance.
- Revised 2025 production is projected to decline only 9% from prior guidance.
- Chosen to defer the completion of two gross (1.9 net) operated drilled but uncompleted wells.
- Elected not to close approximately $20 million in incremental acquisitions originally planned for early April.
- Widening of guidance range in response to ongoing macro uncertainty related to commodity pricing, operational timing, and operator activity.