Loading...
•
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.
Vitesse Energy
Vitesse Energy
Vitesse Energy Revenue by Segment
Revenue by Segment
Oil Revenue
CapyFin.comNatural Gas Revenue
CapyFin.com 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.
- Operational challenges in expanding production capabilities.