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Dec 31, 2024
Vitesse Energy Q4 2024 Earnings Report
Vitesse Energy reported a net loss of $5.1 million for Q4 2024 despite an 8.5% increase in revenue.
Key Takeaways
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.
Revenue increased by 8.5% to $59.8 million.
Net loss was $5.1 million due to derivative losses and acquisition costs.
Adjusted EBITDA reached $37.0 million.
Production averaged 12,945 Boe per day, with oil comprising 68% of total output.
Revenue by Segment
Forward Guidance
Vitesse Energy expects significant production growth in 2025 following the Lucero acquisition, along with increased capital expenditures.
Positive Outlook
- Production expected to increase by 35% to 17,000 - 18,000 Boe per day.
- Oil expected to comprise 66% - 70% of total production.
- Capital spending projected at $130M - $150M to support growth.
- Continued dividend payments with an increase to $2.25 per share annually.
- Strong liquidity position with a $250M revolving credit facility.
Challenges Ahead
- Potential volatility in oil and gas prices impacting revenue.
- Higher capital expenditures may affect short-term cash flow.
- Continued integration costs from Lucero acquisition.
- Market uncertainties and macroeconomic risks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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