Vitesse Energy (VTS) Financials

$20.85 -0.03 (-0.13%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$20.82 -0.04 (-0.18%)

As of 05/23/2025 07:45 PM Eastern

Annual Income Statements for Vitesse Energy

This table shows Vitesse Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	11/30/2021
Net Income / (Loss) Attributable to Common Shareholders	21	-22	0.00	0.00
Consolidated Net Income / (Loss)	21	-20	119	18
Net Income / (Loss) Continuing Operations	21	-20	119	18
Total Pre-Tax Income	29	42	119	18
Total Operating Income	41	35	154	54
Total Gross Profit	194	194	251	141
Total Revenue	242	234	282	168
Operating Revenue	242	234	282	168
Total Cost of Revenue	48	40	31	27
Operating Cost of Revenue	48	40	31	27
Total Operating Expenses	153	160	97	87
Selling, General & Admin Expense	24	24	20	11
Marketing Expense	22	22	24	15
Depreciation Expense	100	82	64	61
Other Special Charges / (Income)	8.11	32	-11	1.41
Total Other Income / (Expense), net	-12	7.35	-35	-36
Interest Expense	9.98	5.28	4.15	3.21
Other Income / (Expense), net	-2.26	13	-31	-33
Income Tax Expense	7.67	62	0.00	0.00
Basic Earnings per Share	$0.70	($21,576,000.73)	$0.26	$0.04
Weighted Average Basic Shares Outstanding	30.04M	29.56M	438.63M	438.63M
Diluted Earnings per Share	$0.64	($0.73)	$0.26	$0.04
Weighted Average Diluted Shares Outstanding	32.91M	29.56M	438.63M	438.63M
Weighted Average Basic & Diluted Shares Outstanding	38.58M	29.45M	-	-
Cash Dividends to Common per Share	$0.00	$2.00	-	$0.00

This table shows Vitesse Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	2.67	-5.12	17	11	-2.19	20	-1.47	9.62	-50	-	0.00
Consolidated Net Income / (Loss)	2.67	-5.12	17	11	-2.19	20	-1.47	9.62	-48	-	86
Net Income / (Loss) Continuing Operations	2.67	-5.12	17	11	-2.19	20	-1.47	9.62	-48	-	86
Total Pre-Tax Income	2.47	-6.62	24	15	-2.92	35	-2.26	16	-7.44	-	86
Total Operating Income	5.38	2.10	8.98	17	13	20	16	13	-14	-	56
Total Gross Profit	52	44	47	54	49	58	45	42	49	-	69
Total Revenue	66	56	58	67	61	69	55	52	58	-	77
Operating Revenue	66	56	58	67	61	69	55	52	58	-	77
Total Cost of Revenue	14	12	12	12	12	11	9.99	9.32	9.08	-	8.32
Operating Cost of Revenue	14	12	12	12	12	11	9.99	9.32	9.08	-	8.32
Total Operating Expenses	47	42	38	38	36	38	29	30	63	-	13
Selling, General & Admin Expense	12	8.18	5.23	4.72	5.37	4.79	3.82	4.46	11	-	5.75
Marketing Expense	5.77	4.95	5.33	5.43	5.80	6.30	5.15	4.92	5.26	-	6.64
Depreciation Expense	27	27	25	25	24	26	19	19	18	-	18
Other Special Charges / (Income)	2.47	2.26	2.20	2.05	1.61	1.69	1.15	1.43	28	-	-17
Total Other Income / (Expense), net	-2.91	-8.72	15	-2.21	-16	16	-18	3.72	6.24	-	30
Interest Expense	2.91	2.47	2.72	2.59	2.20	1.81	1.17	1.12	1.18	-	1.25
Other Income / (Expense), net	-0.01	-6.25	17	0.38	-14	17	-17	4.83	7.42	-	31
Income Tax Expense	-0.20	-1.50	6.22	3.68	-0.73	16	-0.80	6.81	40	-	0.00
Basic Earnings per Share	$0.08	($0.15)	$0.56	$0.36	($0.07)	$28,071,000.70	($0.05)	$0.29	($49,647,001.67)	-	$0.19
Weighted Average Basic Shares Outstanding	33.07M	30.04M	30.08M	30.05M	29.93M	29.56M	29.66M	29.66M	29.66M	438.63M	438.63M
Diluted Earnings per Share	$0.08	($0.15)	$0.53	$0.33	($0.07)	$0.70	($0.05)	$0.29	($1.67)	-	$0.19
Weighted Average Diluted Shares Outstanding	35.09M	32.91M	32.99M	33.03M	29.93M	29.56M	29.66M	33.08M	29.66M	438.63M	438.63M
Weighted Average Basic & Diluted Shares Outstanding	38.61M	38.58M	29.54M	29.50M	29.45M	29.45M	28.79M	-	-	0.00	-
Cash Dividends to Common per Share	$0.56	-	-	-	-	-	-	-	-	-	$0.00

This table details how cash moves in and out of Vitesse Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	11/30/2021
Net Change in Cash & Equivalents	2.42	-9.46	4.65	1.07
Net Cash From Operating Activities	155	142	147	87
Net Cash From Continuing Operating Activities	155	142	147	87
Net Income / (Loss) Continuing Operations	21	-20	119	18
Consolidated Net Income / (Loss)	21	-20	119	18
Depreciation Expense	100	82	64	61
Amortization Expense	0.79	0.66	0.47	0.28
Non-Cash Adjustments To Reconcile Net Income	8.11	32	-11	1.41
Changes in Operating Assets and Liabilities, net	25	47	-25	6.33
Net Cash From Investing Activities	-115	-121	-85	-43
Net Cash From Continuing Investing Activities	-115	-121	-85	-43
Purchase of Property, Plant & Equipment	-115	-121	-85	-43
Net Cash From Financing Activities	-37	-31	-58	-43
Net Cash From Continuing Financing Activities	-37	-31	-58	-43
Repayment of Debt	-24	-31	-38	-32
Repurchase of Common Equity	0.00	-0.25	0.00	0.00
Payment of Dividends	-64	-58	-36	-12
Issuance of Debt	58	59	16	1.00
Other Financing Activities, net	-7.49	0.00	0.00	-
Cash Interest Paid	9.04	4.73	3.60	2.90
Cash Income Taxes Paid	0.00	1.29	0.00	0.00

This table details how cash moves in and out of Vitesse Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1.53	0.54	2.30	-1.26	0.83	-1.20	-1.61	-0.02	-6.63	6.00	-
Net Cash From Operating Activities	17	35	46	35	39	32	32	39	39	37	-
Net Cash From Continuing Operating Activities	17	35	46	35	39	32	32	39	39	37	-
Net Income / (Loss) Continuing Operations	2.67	-5.13	17	11	-2.19	20	-1.47	9.62	-48	24	-
Consolidated Net Income / (Loss)	2.67	-5.13	17	11	-2.19	20	-1.47	9.62	-48	24	-
Depreciation Expense	27	27	25	25	24	26	19	19	18	17	-
Amortization Expense	0.21	0.20	0.21	0.20	0.19	0.17	0.16	0.16	0.16	0.13	-
Non-Cash Adjustments To Reconcile Net Income	2.47	2.26	2.20	2.05	1.61	1.69	1.15	1.43	28	-16	-
Changes in Operating Assets and Liabilities, net	-14	11	0.96	-3.33	16	-16	13	9.07	40	12	-
Net Cash From Investing Activities	-30	-28	-17	-38	-32	-43	-34	-21	-23	-23	-
Net Cash From Continuing Investing Activities	-30	-28	-17	-38	-32	-43	-34	-21	-23	-23	-
Purchase of Property, Plant & Equipment	-30	-28	-17	-38	-32	-43	-34	-21	-23	-23	-
Net Cash From Financing Activities	14	-5.93	-26	1.25	-6.38	10	0.50	-18	-23	-8.00	-
Net Cash From Continuing Financing Activities	14	-5.93	-26	1.25	-6.38	10	0.50	-18	-23	-8.00	-
Repayment of Debt	-40	-1.92	-20	-1.65	-0.13	-2.11	-5.01	-12	-12	-8.00	-
Payment of Dividends	-26	-16	-16	-16	-16	-15	-14	-14	-14	-	-
Issuance of Debt	40	12	10	19	17	27	20	8.00	4.00	-	-
Other Financing Activities, net	41	-	-0.55	-	-6.94	-	-	-	0.00	-	-
Cash Interest Paid	2.87	2.28	2.39	2.38	2.00	1.61	0.99	0.95	1.18	0.86	-
Cash Income Taxes Paid	0.00	-	-	-	0.00	-	-	1.29	0.00	-	-

This table presents Vitesse Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	811	766	660
Total Current Assets	51	58	54
Cash & Equivalents	2.97	0.55	10
Accounts Receivable	40	45	41
Prepaid Expenses	4.31	2.84	0.84
Other Current Assets	3.84	10	2.11
Plant, Property, & Equipment, net	752	705	603
Plant, Property & Equipment, gross	1,316	1,168	986
Accumulated Depreciation	564	464	383
Total Noncurrent Assets	7.82	3.09	3.24
Other Noncurrent Operating Assets	7.82	3.09	3.24
Total Liabilities & Shareholders' Equity	811	766	660
Total Liabilities	311	220	92
Total Current Liabilities	100	60	37
Accounts Payable	34	28	7.21
Accrued Expenses	66	33	26
Other Current Liabilities	0.30	0.20	3.62
Total Noncurrent Liabilities	210	159	55
Long-Term Debt	117	81	48
Asset Retirement Reserve & Litigation Obligation	9.65	8.35	6.82
Noncurrent Deferred & Payable Income Tax Liabilities	72	64	0.00
Other Noncurrent Operating Liabilities	12	5.48	0.00
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	500	546	564
Total Preferred & Common Equity	500	546	564
Preferred Stock	0.00	0.00	0.00
Total Common Equity	500	546	564
Common Stock	505	568	0.00
Retained Earnings	-5.13	-22	0.00

This table presents Vitesse Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023
Total Assets	975	791	778	750	741
Total Current Assets	70	54	49	46	41
Cash & Equivalents	4.50	2.43	0.12	1.38	1.75
Accounts Receivable	57	36	46	41	38
Prepaid Expenses	6.46	3.31	2.39	3.07	1.55
Other Current Assets	2.86	12	0.15	0.15	0.00
Plant, Property, & Equipment, net	895	729	723	702	697
Plant, Property & Equipment, gross	1,485	1,266	1,235	1,189	1,136
Accumulated Depreciation	590	537	513	487	439
Total Noncurrent Assets	9.38	7.70	6.66	1.88	2.17
Other Noncurrent Operating Assets	9.38	7.70	6.66	1.88	2.17
Total Liabilities & Shareholders' Equity	975	791	778	750	741
Total Liabilities	308	271	260	227	200
Total Current Liabilities	97	73	59	52	83
Accounts Payable	35	16	14	18	24
Accrued Expenses	60	57	43	30	53
Other Current Liabilities	1.70	0.00	2.56	3.74	6.30
Total Noncurrent Liabilities	211	198	201	175	116
Long-Term Debt	117	105	115	98	56
Asset Retirement Reserve & Litigation Obligation	13	8.84	8.68	8.52	7.63
Noncurrent Deferred & Payable Income Tax Liabilities	73	73	67	64	48
Other Noncurrent Operating Liabilities	8.48	11	9.94	4.26	4.25
Total Equity & Noncontrolling Interests	668	520	519	523	541
Total Preferred & Common Equity	668	520	519	523	541
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	668	520	519	523	541
Common Stock	670	516	531	546	583
Retained Earnings	-2.46	4.61	-13	-24	-41
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Vitesse Energy's official financial filings.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	11/30/2021
Growth Metrics	-	-	-	-
Revenue Growth	3.46%	-17.02%	67.96%	0.00%
EBITDA Growth	7.65%	-30.64%	127.14%	0.00%
EBIT Growth	-18.46%	-61.42%	477.16%	0.00%
NOPAT Growth	284.17%	-110.60%	185.48%	0.00%
Net Income Growth	206.67%	-116.61%	556.41%	0.00%
EPS Growth	187.67%	-380.77%	550.00%	0.00%
Operating Cash Flow Growth	9.20%	-3.47%	69.07%	0.00%
Free Cash Flow Firm Growth	217.50%	92.01%	0.00%	0.00%
Invested Capital Growth	-1.99%	3.28%	0.00%	0.00%
Revenue Q/Q Growth	-5.24%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-22.41%	76.40%	0.00%	0.00%
EBIT Q/Q Growth	-51.70%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	-21.47%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	-54.32%	0.00%	0.00%	0.00%
EPS Q/Q Growth	-57.05%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	2.01%	-3.58%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	295.82%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-1.38%	5.27%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	80.33%	83.11%	88.96%	84.17%
EBITDA Margin	57.77%	55.53%	66.43%	49.12%
Operating Margin	16.93%	14.90%	54.58%	32.11%
EBIT Margin	16.00%	20.30%	43.65%	12.70%
Profit (Net Income) Margin	8.70%	-8.44%	42.18%	10.79%
Tax Burden Percent	73.30%	-46.78%	100.00%	100.00%
Interest Burden Percent	74.22%	88.89%	96.63%	84.96%
Effective Tax Rate	26.70%	146.78%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.84%	-2.64%	50.70%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.39%	-8.45%	-133.35%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.82%	-0.90%	-8.90%	0.00%
Return on Equity (ROE)	4.02%	-3.54%	41.80%	0.00%
Cash Return on Invested Capital (CROIC)	6.85%	-5.87%	-149.30%	0.00%
Operating Return on Assets (OROA)	4.91%	6.66%	37.26%	0.00%
Return on Assets (ROA)	2.67%	-2.77%	36.00%	0.00%
Return on Common Equity (ROCE)	4.02%	-3.53%	41.46%	0.00%
Return on Equity Simple (ROE_SIMPLE)	4.21%	-3.61%	21.07%	0.00%
Net Operating Profit after Tax (NOPAT)	30	-16	154	54
NOPAT Margin	12.41%	-6.97%	54.58%	32.11%
Net Nonoperating Expense Percent (NNEP)	9.23%	5.81%	184.05%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	4.86%	-2.60%	25.12%	-
Cost of Revenue to Revenue	19.67%	16.89%	11.04%	15.83%
SG&A Expenses to Revenue	9.72%	10.23%	7.04%	6.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	63.40%	68.21%	34.37%	52.06%
Earnings before Interest and Taxes (EBIT)	39	47	123	21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	140	130	187	82
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	1.43	1.05	0.00	0.00
Price to Tangible Book Value (P/TBV)	1.43	1.05	0.00	0.00
Price to Revenue (P/Rev)	2.95	2.45	0.00	0.00
Price to Earnings (P/E)	33.86	0.00	0.00	0.00
Dividend Yield	8.30%	9.94%	0.00%	0.00%
Earnings Yield	2.95%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.04	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.42	2.80	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	5.92	5.04	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	21.37	13.78	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	27.54	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.34	4.61	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	19.45	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.23	0.15	0.08	0.00
Long-Term Debt to Equity	0.23	0.15	0.08	0.00
Financial Leverage	0.19	0.11	0.07	0.00
Leverage Ratio	1.51	1.28	1.16	0.00
Compound Leverage Factor	1.12	1.14	1.12	0.00
Debt to Total Capital	18.95%	12.91%	7.78%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	18.95%	12.91%	7.78%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.74%	0.00%
Common Equity to Total Capital	81.05%	87.09%	91.48%	0.00%
Debt to EBITDA	0.84	0.62	0.26	0.00
Net Debt to EBITDA	0.82	0.62	0.20	0.00
Long-Term Debt to EBITDA	0.84	0.62	0.26	0.00
Debt to NOPAT	3.90	-4.97	0.31	0.00
Net Debt to NOPAT	3.80	-4.93	0.25	0.00
Long-Term Debt to NOPAT	3.90	-4.97	0.31	0.00
Altman Z-Score	1.75	2.04	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.41%	0.80%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	0.51	0.97	1.48	0.00
Quick Ratio	0.43	0.75	1.40	0.00
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	43	-36	-453	0.00
Operating Cash Flow to CapEx	134.41%	117.63%	173.84%	200.78%
Free Cash Flow to Firm to Interest Expense	4.26	-6.86	-109.10	0.00
Operating Cash Flow to Interest Expense	15.53	26.90	35.41	27.12
Operating Cash Flow Less CapEx to Interest Expense	3.98	4.03	15.04	13.61
Efficiency Ratios	-	-	-	-
Asset Turnover	0.31	0.33	0.85	0.00
Accounts Receivable Turnover	5.71	5.42	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.33	0.36	0.00	0.00
Accounts Payable Turnover	1.54	2.26	0.00	0.00
Days Sales Outstanding (DSO)	63.88	67.34	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	237.75	161.19	0.00	0.00
Cash Conversion Cycle (CCC)	-173.87	-93.84	0.00	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	614	627	607	0.00
Invested Capital Turnover	0.39	0.38	0.93	0.00
Increase / (Decrease) in Invested Capital	-12	20	607	0.00
Enterprise Value (EV)	827	654	0.00	0.00
Market Capitalization	713	574	0.00	0.00
Book Value per Share	$16.94	$18.98	$1.29	$0.00
Tangible Book Value per Share	$16.94	$18.98	$1.29	$0.00
Total Capital	617	627	617	0.00
Total Debt	117	81	48	0.00
Total Long-Term Debt	117	81	48	0.00
Net Debt	114	80	38	0.00
Capital Expenditures (CapEx)	115	121	85	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-52	-2.61	7.67	0.00
Debt-free Net Working Capital (DFNWC)	-49	-2.06	18	0.00
Net Working Capital (NWC)	-49	-2.06	18	0.00
Net Nonoperating Expense (NNE)	8.97	3.44	35	36
Net Nonoperating Obligations (NNO)	114	80	38	0.00
Total Depreciation and Amortization (D&A)	101	82	64	61
Debt-free, Cash-free Net Working Capital to Revenue	-21.65%	-1.12%	2.72%	0.00%
Debt-free Net Working Capital to Revenue	-20.42%	-0.88%	6.27%	0.00%
Net Working Capital to Revenue	-20.42%	-0.88%	6.27%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.70	($21,576,000.73)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	30.04M	29.56M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.64	($0.73)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	32.91M	29.56M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.58M	29.45M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	36	47	100	39
Normalized NOPAT Margin	14.87%	20.08%	35.54%	23.07%
Pre Tax Income Margin	11.87%	18.04%	42.18%	10.79%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	3.88	9.00	29.63	6.65
NOPAT to Interest Expense	3.01	-3.09	37.05	16.81
EBIT Less CapEx to Interest Expense	-7.68	-13.87	9.26	-6.86
NOPAT Less CapEx to Interest Expense	-8.55	-25.96	16.68	3.30
Payout Ratios	-	-	-	-
Dividend Payout Ratio	301.80%	-293.76%	30.28%	66.25%
Augmented Payout Ratio	301.80%	-295.01%	30.28%	66.25%

This table displays calculated financial ratios and metrics derived from Vitesse Energy's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.13%	-19.30%	5.86%	29.10%	5.58%	0.00%	-28.59%	0.00%	0.00%	0.00%	0.00%
EBITDA Growth	39.63%	-64.14%	184.87%	17.14%	86.10%	272.39%	-82.74%	0.00%	0.00%	0.00%	0.00%
EBIT Growth	852.38%	-111.13%	2,507.30%	-2.03%	88.60%	0.00%	-101.26%	0.00%	0.00%	0.00%	0.00%
NOPAT Growth	-36.45%	-86.85%	-40.66%	68.98%	195.61%	0.00%	-80.06%	0.00%	0.00%	0.00%	0.00%
Net Income Growth	222.05%	-125.73%	1,289.77%	13.60%	95.43%	0.00%	-101.71%	0.00%	0.00%	0.00%	0.00%
EPS Growth	214.29%	-121.43%	1,160.00%	13.79%	95.81%	0.00%	-126.32%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-55.63%	9.66%	42.64%	-9.91%	0.53%	-14.29%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	74.59%	260.07%	96.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	25.97%	-1.99%	4.62%	0.00%	0.00%	3.28%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	18.32%	-4.04%	-12.49%	8.83%	0.00%	25.88%	6.72%	-11.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	42.34%	-56.16%	20.61%	85.52%	-10.37%	248.27%	-50.40%	194.74%	-26.85%	-83.86%	0.00%
EBIT Q/Q Growth	229.48%	-115.73%	53.48%	2,507.70%	0.00%	3,502.37%	-106.25%	380.17%	0.00%	-100.00%	0.00%
NOPAT Q/Q Growth	296.37%	-77.83%	-47.38%	37.41%	0.00%	0.04%	49.86%	177.74%	0.00%	-100.00%	0.00%
Net Income Q/Q Growth	152.07%	-129.38%	59.61%	599.91%	0.00%	1,458.59%	-115.24%	120.12%	0.00%	0.00%	0.00%
EPS Q/Q Growth	153.33%	-128.30%	60.61%	571.43%	0.00%	1,500.00%	-117.24%	117.37%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-49.59%	-24.13%	30.06%	-10.80%	24.59%	-1.31%	-17.86%	-0.47%	6.23%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-1,210.99%	166.83%	96.64%	-1.74%	-2,969.49%	98.51%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	26.99%	-1.38%	-1.65%	2.27%	-1.20%	5.27%	0.00%	0.00%	-100.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.06%	78.70%	80.06%	81.57%	80.73%	83.94%	81.86%	81.94%	84.33%	0.00%	89.20%
EBITDA Margin	48.57%	40.38%	88.38%	64.12%	37.62%	90.86%	32.84%	70.67%	21.34%	0.00%	135.89%
Operating Margin	8.13%	3.75%	15.41%	25.25%	21.37%	28.69%	28.95%	24.65%	-23.60%	0.00%	72.56%
EBIT Margin	8.12%	-7.42%	45.27%	25.81%	-1.17%	53.81%	-1.99%	34.01%	-10.81%	0.00%	112.83%
Profit (Net Income) Margin	4.03%	-9.16%	29.93%	16.41%	-3.57%	28.74%	-2.66%	18.65%	-82.50%	0.00%	111.21%
Tax Burden Percent	108.15%	77.41%	73.71%	74.82%	74.94%	56.14%	64.81%	58.54%	642.33%	0.00%	100.00%
Interest Burden Percent	45.92%	159.53%	89.68%	84.96%	408.54%	95.14%	206.39%	93.65%	118.86%	0.00%	98.56%
Effective Tax Rate	-8.15%	0.00%	26.29%	25.18%	0.00%	43.86%	0.00%	41.46%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	3.10%	1.02%	4.76%	15.04%	11.46%	6.11%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.09%	-5.76%	18.56%	12.16%	-12.02%	20.89%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.02%	-1.07%	2.74%	2.69%	-2.22%	2.22%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	3.12%	-0.05%	7.50%	17.73%	9.24%	8.32%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-19.38%	6.85%	1.76%	-187.43%	-188.98%	-5.87%	0.00%	0.00%	0.00%	-74.65%	0.00%
Operating Return on Assets (OROA)	2.32%	-2.28%	15.09%	16.72%	-0.74%	17.65%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Assets (ROA)	1.15%	-2.81%	9.98%	10.63%	-2.26%	9.43%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	3.12%	-0.05%	7.50%	17.73%	9.24%	8.29%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	3.88%	0.00%	8.86%	5.24%	4.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	5.82	1.47	6.62	13	9.16	11	11	7.44	-9.58	0.00	56
NOPAT Margin	8.79%	2.62%	11.36%	18.89%	14.96%	16.11%	20.26%	14.43%	-16.52%	0.00%	72.56%
Net Nonoperating Expense Percent (NNEP)	3.01%	6.78%	-13.80%	2.88%	23.48%	-14.79%	46.53%	0.00%	0.00%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	0.74%	0.24%	-	-	-	1.78%	-	-	-	0.00%	-
Cost of Revenue to Revenue	20.94%	21.30%	19.94%	18.43%	19.27%	16.06%	18.14%	18.06%	15.67%	0.00%	10.80%
SG&A Expenses to Revenue	18.33%	14.63%	8.98%	7.09%	8.78%	6.91%	6.94%	8.65%	18.74%	0.00%	7.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	70.93%	74.95%	64.65%	56.33%	59.36%	55.25%	52.91%	57.29%	107.94%	0.00%	16.64%
Earnings before Interest and Taxes (EBIT)	5.37	-4.15	26	17	-0.71	37	-1.10	18	-6.26	0.00	87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	23	52	43	23	63	18	36	12	17	105
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.05	1.43	1.32	1.30	1.29	1.05	1.11	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	1.05	1.43	1.32	1.30	1.29	1.05	1.11	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.84	2.95	2.68	2.68	2.85	2.45	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	27.07	33.86	14.86	24.86	26.15	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	8.69%	8.30%	8.53%	8.54%	8.43%	9.94%	7.15%	4.86%	2.86%	0.00%	0.00%
Earnings Yield	3.69%	2.95%	6.73%	4.02%	3.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.35	1.26	1.25	1.25	1.04	1.10	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.30	3.42	3.08	3.14	3.26	2.80	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	5.47	5.92	4.37	5.39	5.50	5.04	8.87	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	18.17	21.37	9.83	15.02	14.59	13.78	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	32.21	27.54	20.60	19.88	22.66	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.12	5.34	5.18	5.72	5.44	4.61	4.44	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	19.45	73.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.23	0.20	0.22	0.19	0.15	0.10	0.00	0.00	0.08	0.00
Long-Term Debt to Equity	0.18	0.23	0.20	0.22	0.19	0.15	0.10	0.00	0.00	0.08	0.00
Financial Leverage	0.18	0.19	0.15	0.22	0.18	0.11	0.10	0.00	0.00	0.07	0.00
Leverage Ratio	1.45	1.51	1.44	1.50	1.43	1.28	1.37	0.00	0.00	1.16	0.00
Compound Leverage Factor	0.67	2.40	1.29	1.28	5.86	1.22	2.83	0.00	0.00	0.00	0.00
Debt to Total Capital	14.91%	18.95%	16.79%	18.15%	15.79%	12.91%	9.38%	0.00%	0.00%	7.78%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	14.91%	18.95%	16.79%	18.15%	15.79%	12.91%	9.38%	0.00%	0.00%	7.78%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.74%	0.00%
Common Equity to Total Capital	85.09%	81.05%	83.21%	81.85%	84.21%	87.09%	90.62%	0.00%	0.00%	91.48%	0.00%
Debt to EBITDA	0.79	0.84	0.58	0.78	0.70	0.62	0.76	0.00	0.00	0.26	0.00
Net Debt to EBITDA	0.76	0.82	0.57	0.78	0.69	0.62	0.74	0.00	0.00	0.20	0.00
Long-Term Debt to EBITDA	0.79	0.84	0.58	0.78	0.70	0.62	0.76	0.00	0.00	0.26	0.00
Debt to NOPAT	4.63	3.90	2.75	2.89	2.87	-4.97	0.00	0.00	0.00	0.31	0.00
Net Debt to NOPAT	4.45	3.80	2.68	2.89	2.83	-4.93	0.00	0.00	0.00	0.25	0.00
Long-Term Debt to NOPAT	4.63	3.90	2.75	2.89	2.87	-4.97	0.00	0.00	0.00	0.31	0.00
Altman Z-Score	1.60	1.58	1.93	1.92	2.05	1.99	1.65	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.51	0.75	0.83	0.88	0.97	0.50	0.00	0.00	1.48	0.00
Quick Ratio	0.63	0.43	0.53	0.78	0.81	0.75	0.48	0.00	0.00	1.40	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-155	14	-21	-621	-610	-8.72	-584	0.00	0.00	0.00	0.00
Operating Cash Flow to CapEx	57.58%	122.93%	265.53%	93.36%	122.37%	73.22%	93.82%	189.91%	172.50%	161.07%	0.00%
Free Cash Flow to Firm to Interest Expense	-53.37	5.65	-7.67	-240.16	-276.98	-4.81	-501.12	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	6.02	14.05	16.80	13.60	17.89	17.44	27.50	35.00	33.20	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-4.44	2.62	10.47	-0.97	3.27	-6.38	-1.81	16.57	13.96	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.31	0.33	0.65	0.63	0.33	0.00	0.00	0.00	0.85	0.00
Accounts Receivable Turnover	5.04	5.71	6.85	0.00	0.00	5.42	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.31	0.33	0.36	0.00	0.00	0.36	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	1.85	1.54	2.31	0.00	0.00	2.26	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	72.36	63.88	53.28	0.00	0.00	67.34	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	197.57	237.75	157.90	0.00	0.00	161.19	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-125.21	-173.87	-104.62	0.00	0.00	-93.84	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	780	614	623	633	619	627	595	0.00	0.00	607	0.00
Invested Capital Turnover	0.35	0.39	0.42	0.80	0.77	0.38	0.00	0.00	0.00	0.46	0.00
Increase / (Decrease) in Invested Capital	161	-12	28	633	619	20	595	0.00	0.00	0.00	0.00
Enterprise Value (EV)	814	827	788	791	774	654	653	586	499	0.00	0.00
Market Capitalization	701	713	685	676	677	574	599	586	499	0.00	0.00
Book Value per Share	$17.31	$16.94	$17.64	$17.60	$17.46	$18.98	$18.25	$0.00	$0.00	$1.29	$0.00
Tangible Book Value per Share	$17.31	$16.94	$17.64	$17.60	$17.46	$18.98	$18.25	$0.00	$0.00	$1.29	$0.00
Total Capital	785	617	625	634	621	627	597	0.00	0.00	617	0.00
Total Debt	117	117	105	115	98	81	56	0.00	0.00	48	0.00
Total Long-Term Debt	117	117	105	115	98	81	56	0.00	0.00	48	0.00
Net Debt	113	114	103	115	97	80	54	0.00	0.00	38	0.00
Capital Expenditures (CapEx)	30	28	17	38	32	43	34	21	23	23	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-31	-52	-21	-10	-7.88	-2.61	-44	0.00	0.00	7.67	0.00
Debt-free Net Working Capital (DFNWC)	-26	-49	-18	-10	-6.50	-2.06	-42	0.00	0.00	18	0.00
Net Working Capital (NWC)	-26	-49	-18	-10	-6.50	-2.06	-42	0.00	0.00	18	0.00
Net Nonoperating Expense (NNE)	3.15	6.59	-11	1.65	11	-8.76	13	-2.18	38	0.00	-30
Net Nonoperating Obligations (NNO)	113	114	103	115	97	80	54	0.00	0.00	38	0.00
Total Depreciation and Amortization (D&A)	27	27	25	26	24	26	19	19	19	17	18
Debt-free, Cash-free Net Working Capital to Revenue	-12.42%	-21.65%	-8.16%	-4.09%	-3.32%	-1.12%	0.00%	0.00%	0.00%	2.72%	0.00%
Debt-free Net Working Capital to Revenue	-10.60%	-20.42%	-7.21%	-4.04%	-2.74%	-0.88%	0.00%	0.00%	0.00%	6.27%	0.00%
Net Working Capital to Revenue	-10.60%	-20.42%	-7.21%	-4.04%	-2.74%	-0.88%	0.00%	0.00%	0.00%	6.27%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	($0.15)	$0.56	$0.36	($0.07)	$28,071,000.70	($0.05)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	33.07M	30.04M	30.08M	30.05M	29.93M	29.56M	29.66M	0.00	0.00	438.63M	0.00
Adjusted Diluted Earnings per Share	$0.08	($0.15)	$0.53	$0.33	($0.07)	$0.70	($0.05)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	35.09M	32.91M	32.99M	33.03M	29.93M	29.56M	29.66M	0.00	0.00	438.63M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.61M	38.58M	29.54M	29.50M	29.45M	29.45M	28.79M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	5.49	3.05	8.24	14	10	12	12	8.28	10	0.00	27
Normalized NOPAT Margin	8.30%	5.45%	14.14%	21.19%	16.80%	17.47%	21.72%	16.05%	17.26%	0.00%	35.06%
Pre Tax Income Margin	3.73%	-11.84%	40.60%	21.93%	-4.77%	51.19%	-4.11%	31.85%	-12.84%	0.00%	111.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.85	-1.68	9.69	6.65	-0.32	20.56	-0.94	15.74	-5.30	0.00	69.59
NOPAT to Interest Expense	2.00	0.59	2.43	4.87	4.16	6.15	9.57	6.68	-8.11	0.00	44.76
EBIT Less CapEx to Interest Expense	-8.61	-13.11	3.37	-7.92	-14.95	-3.26	-30.25	-2.70	-24.55	0.00	69.59
NOPAT Less CapEx to Interest Expense	-8.45	-10.83	-3.89	-9.70	-10.47	-17.67	-19.74	-11.76	-27.36	0.00	44.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	282.83%	301.80%	134.64%	224.07%	231.06%	-293.76%	0.00%	0.00%	0.00%	30.28%	0.00%
Augmented Payout Ratio	282.83%	301.80%	134.64%	224.07%	231.06%	-295.01%	0.00%	0.00%	0.00%	30.28%	0.00%

Frequently Asked Questions About Vitesse Energy's Financials

When does Vitesse Energy's fiscal year end?

According to the most recent income statement we have on file, Vitesse Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Vitesse Energy's net income changed over the last 3 years?

Vitesse Energy's net income appears to be on a downward trend, with a most recent value of $21.06 million in 2024, rising from $18.11 million in 2021. The previous period was -$19.74 million in 2023. View Vitesse Energy's forecast to see where analysts expect Vitesse Energy to go next.

What is Vitesse Energy's operating income?

Vitesse Energy's total operating income in 2024 was $40.97 million, based on the following breakdown:

Total Gross Profit: $194.40 million
Total Operating Expenses: $153.43 million

How has Vitesse Energy revenue changed over the last 3 years?

Over the last 3 years, Vitesse Energy's total revenue changed from $167.84 million in 2021 to $242.00 million in 2024, a change of 44.2%.

How much debt does Vitesse Energy have?

Vitesse Energy's total liabilities were at $310.56 million at the end of 2024, a 41.4% increase from 2023, and a 239.4% increase since 2022.

How much cash does Vitesse Energy have?

In the past 2 years, Vitesse Energy's cash and equivalents has ranged from $552 thousand in 2023 to $10.01 million in 2022, and is currently $2.97 million as of their latest financial filing in 2024.

How has Vitesse Energy's book value per share changed over the last 3 years?

Over the last 3 years, Vitesse Energy's book value per share changed from 0.00 in 2021 to 16.94 in 2024, a change of 1,693.6%.

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This page (NYSE:VTS) was last updated on 5/25/2025 by MarketBeat.com Staff

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Vitesse Energy (VTS) Financials

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