Vitesse Energy (VTS) Financials

$18.23 +0.10 (+0.54%)

Closing price 03:59 PM Eastern

Extended Trading

$18.32 +0.10 (+0.54%)

As of 06:10 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	2021	2022	2023	2024	2025
Period end date	11/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	-22	21	25
Consolidated Net Income / (Loss)	18	119	-20	21	25
Net Income / (Loss) Continuing Operations	18	119	-20	21	25
Total Pre-Tax Income	18	119	42	29	35
Total Operating Income	54	154	35	41	17
Total Gross Profit	141	251	194	194	204
Total Revenue	168	282	234	242	274
Operating Revenue	168	282	234	242	274
Total Cost of Revenue	27	31	40	48	70
Operating Cost of Revenue	27	31	40	48	70
Total Operating Expenses	87	97	160	153	187
Selling, General & Admin Expense	11	20	24	24	24
Marketing Expense	15	24	22	22	23
Depreciation Expense	61	64	82	100	129
Other Special Charges / (Income)	1.41	-11	32	8.11	10
Total Other Income / (Expense), net	-36	-35	7.35	-12	18
Interest Expense	3.21	4.15	5.28	9.98	10
Other Income / (Expense), net	-33	-31	13	-2.26	28
Income Tax Expense	0.00	0.00	62	7.67	9.80
Basic Earnings per Share	$0.04	$0.26	($21,576,000.73)	$0.70	$0.67
Weighted Average Basic Shares Outstanding	438.63M	438.63M	29.56M	30.04M	37.65M
Diluted Earnings per Share	$0.04	$0.26	($0.73)	$0.64	$0.64
Weighted Average Diluted Shares Outstanding	438.63M	438.63M	29.56M	32.91M	39.55M
Weighted Average Basic & Diluted Shares Outstanding	-	-	29.45M	38.58M	39.78M
Cash Dividends to Common per Share	$0.00	-	$2.00	$2.08	$2.25

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-1.47	20	-2.19	11	17	-5.12	2.67	25	-1.31	-0.74	-42
Consolidated Net Income / (Loss)	-1.47	20	-2.19	11	17	-5.12	2.67	25	-1.31	-0.74	-42
Net Income / (Loss) Continuing Operations	-1.47	20	-2.19	11	17	-5.12	2.67	25	-1.31	-0.74	-42
Total Pre-Tax Income	-2.26	35	-2.92	15	24	-6.62	2.47	35	-1.57	-0.36	-52
Total Operating Income	16	20	13	17	8.98	2.10	5.38	19	0.11	-7.02	5.91
Total Gross Profit	45	58	49	54	47	44	52	62	49	41	52
Total Revenue	55	69	61	67	58	56	66	82	67	59	67
Operating Revenue	55	69	61	67	58	56	66	82	67	59	67
Total Cost of Revenue	9.99	11	12	12	12	12	14	20	18	18	15
Operating Cost of Revenue	9.99	11	12	12	12	12	14	20	18	18	15
Total Operating Expenses	29	38	36	38	38	42	47	43	49	48	46
Selling, General & Admin Expense	3.82	4.79	5.37	4.72	5.23	8.18	12	0.31	5.74	6.13	8.59
Marketing Expense	5.15	6.30	5.80	5.43	5.33	4.95	5.77	6.18	6.23	5.17	5.66
Depreciation Expense	19	26	24	25	25	27	27	35	34	34	31
Other Special Charges / (Income)	1.15	1.69	1.61	2.05	2.20	2.26	2.47	2.40	2.68	2.69	0.73
Total Other Income / (Expense), net	-18	16	-16	-2.21	15	-8.72	-2.91	16	-1.67	6.66	-58
Interest Expense	1.17	1.81	2.20	2.59	2.72	2.47	2.91	2.54	2.38	2.38	2.62
Other Income / (Expense), net	-17	17	-14	0.38	17	-6.25	-0.01	18	0.71	9.04	-55
Income Tax Expense	-0.80	16	-0.73	3.68	6.22	-1.50	-0.20	9.87	-0.25	0.38	-9.47
Basic Earnings per Share	($0.05)	$28,071,000.70	($0.07)	$0.36	$0.56	($0.15)	$0.08	$0.62	($0.03)	-	($1.05)
Weighted Average Basic Shares Outstanding	29.66M	29.56M	29.93M	30.05M	30.08M	30.04M	33.07M	39.10M	39.14M	37.65M	40.08M
Diluted Earnings per Share	($0.05)	$0.70	($0.07)	$0.33	$0.53	($0.15)	$0.08	$0.60	($0.03)	($0.01)	($1.05)
Weighted Average Diluted Shares Outstanding	29.66M	29.56M	29.93M	33.03M	32.99M	32.91M	35.09M	40.97M	39.14M	39.55M	40.08M
Weighted Average Basic & Diluted Shares Outstanding	28.79M	29.45M	29.45M	29.50M	29.54M	38.58M	38.61M	38.61M	38.67M	39.78M	41.71M
Cash Dividends to Common per Share	-	-	$0.50	-	$0.53	-	$0.56	-	$0.56	-	$0.44

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	2021	2022	2023	2024	2025
Period end date	11/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	1.07	4.65	-9.46	2.42	-1.64
Net Cash From Operating Activities	87	147	142	155	170
Net Cash From Continuing Operating Activities	87	147	142	155	170
Net Income / (Loss) Continuing Operations	18	119	-20	21	25
Consolidated Net Income / (Loss)	18	119	-20	21	25
Depreciation Expense	61	64	82	100	129
Amortization Expense	0.28	0.47	0.66	0.79	0.86
Non-Cash Adjustments To Reconcile Net Income	1.41	-11	32	8.11	10
Changes in Operating Assets and Liabilities, net	6.33	-25	47	25	4.56
Net Cash From Investing Activities	-43	-85	-121	-115	-128
Net Cash From Continuing Investing Activities	-43	-85	-121	-115	-128
Purchase of Property, Plant & Equipment	-43	-85	-121	-115	-128
Net Cash From Financing Activities	-43	-58	-31	-37	-44
Net Cash From Continuing Financing Activities	-43	-58	-31	-37	-44
Repayment of Debt	-32	-38	-31	-24	-66
Repurchase of Common Equity	0.00	0.00	-0.25	0.00	0.00
Payment of Dividends	-12	-36	-58	-64	-92
Issuance of Debt	1.00	16	59	58	73
Other Financing Activities, net	-	0.00	0.00	-7.49	41
Cash Interest Paid	2.90	3.60	4.73	9.04	9.35
Cash Income Taxes Paid	0.00	0.00	1.15	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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-1.61	-1.20	0.83	-1.26	2.30	0.54	1.53	-2.53	3.61	-4.25	1.85
Net Cash From Operating Activities	32	32	39	35	46	35	17	66	49	37	24
Net Cash From Continuing Operating Activities	32	32	39	35	46	35	17	66	49	37	24
Net Income / (Loss) Continuing Operations	-1.47	20	-2.19	11	17	-5.13	2.67	25	-1.31	-0.74	-42
Consolidated Net Income / (Loss)	-1.47	20	-2.19	11	17	-5.13	2.67	25	-1.31	-0.74	-42
Depreciation Expense	19	26	24	25	25	27	27	35	34	34	31
Amortization Expense	0.16	0.17	0.19	0.20	0.21	0.20	0.21	0.22	0.22	0.22	0.23
Non-Cash Adjustments To Reconcile Net Income	1.15	1.69	1.61	2.05	2.20	2.26	2.47	2.40	2.68	2.69	0.73
Changes in Operating Assets and Liabilities, net	13	-16	16	-3.33	0.96	11	-14	4.16	14	1.21	34
Net Cash From Investing Activities	-34	-43	-32	-38	-17	-28	-30	-36	-32	-30	-19
Net Cash From Continuing Investing Activities	-34	-43	-32	-38	-17	-28	-30	-36	-32	-30	-19
Purchase of Property, Plant & Equipment	-34	-43	-32	-38	-17	-28	-29	-36	-32	-30	-19
Divestitures	-	-	-	-	-	-	-1.52	-	-	-	0.30
Net Cash From Financing Activities	0.50	10	-6.38	1.25	-26	-5.93	14	-33	-14	-12	-3.49
Net Cash From Continuing Financing Activities	0.50	10	-6.38	1.25	-26	-5.93	14	-33	-14	-12	-3.49
Repayment of Debt	-5.01	-2.11	-0.13	-1.65	-20	-1.92	-40	-19	-7.00	-0.13	-7.00
Payment of Dividends	-14	-15	-16	-16	-16	-16	-26	-22	-22	-22	-23
Issuance of Debt	20	27	17	19	10	12	40	7.50	15	11	27
Other Financing Activities, net	-	-	-6.94	-	-0.55	-	41	0.00	-	-0.00	0.00
Cash Interest Paid	0.99	1.61	2.00	2.38	2.39	2.28	2.87	2.30	2.16	2.02	2.36
Cash Income Taxes Paid	-	-	0.00	-	-	-	0.00	-	-	-	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	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	660	766	811	893
Total Current Assets	54	58	51	52
Cash & Equivalents	10	0.55	2.97	1.33
Accounts Receivable	41	45	40	31
Prepaid Expenses	0.84	2.84	4.31	5.97
Other Current Assets	2.11	10	3.84	14
Plant, Property, & Equipment, net	603	705	752	834
Plant, Property & Equipment, gross	986	1,168	1,316	1,526
Accumulated Depreciation	383	464	564	692
Total Noncurrent Assets	3.24	3.09	7.82	7.13
Other Noncurrent Operating Assets	3.24	3.09	7.82	7.13
Total Liabilities & Shareholders' Equity	660	766	811	893
Total Liabilities	92	220	311	264
Total Current Liabilities	37	60	100	51
Accounts Payable	7.21	28	34	12
Accrued Expenses	26	33	66	39
Other Current Liabilities	3.62	0.20	0.30	0.31
Total Noncurrent Liabilities	55	159	210	213
Long-Term Debt	48	81	117	125
Asset Retirement Reserve & Litigation Obligation	6.82	8.35	9.65	14
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	64	72	67
Other Noncurrent Operating Liabilities	0.00	5.48	12	6.77
Total Equity & Noncontrolling Interests	564	546	500	629
Total Preferred & Common Equity	564	546	500	629
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	564	546	500	629
Common Stock	0.00	568	505	631
Retained Earnings	0.00	-22	-5.13	-2.05
Other Equity Adjustments	564	-	-	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	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	741	750	778	791	975	952	933	883
Total Current Assets	41	46	49	54	70	68	57	49
Cash & Equivalents	1.75	1.38	0.12	2.43	4.50	1.96	5.57	3.18
Accounts Receivable	38	41	46	36	57	47	35	41
Prepaid Expenses	1.55	3.07	2.39	3.31	6.46	4.85	5.29	4.21
Other Current Assets	0.00	0.15	0.15	12	2.86	14	11	0.00
Plant, Property, & Equipment, net	697	702	723	729	895	874	868	826
Plant, Property & Equipment, gross	1,136	1,189	1,235	1,266	1,485	1,498	1,526	1,549
Accumulated Depreciation	439	487	513	537	590	624	658	723
Total Noncurrent Assets	2.17	1.88	6.66	7.70	9.38	2.25	8.25	7.65
Other Noncurrent Operating Assets	2.17	1.88	6.66	7.70	9.38	2.25	8.25	7.65
Total Liabilities & Shareholders' Equity	741	750	778	791	975	952	933	883
Total Liabilities	200	227	260	271	308	280	283	312
Total Current Liabilities	83	52	59	73	97	72	67	87
Accounts Payable	24	18	14	16	35	24	20	16
Accrued Expenses	53	30	43	57	60	47	47	39
Other Current Liabilities	6.30	3.74	2.56	0.00	1.70	0.27	0.14	32
Total Noncurrent Liabilities	116	175	201	198	211	208	216	225
Long-Term Debt	56	98	115	105	117	106	114	145
Asset Retirement Reserve & Litigation Obligation	7.63	8.52	8.68	8.84	13	13	13	14
Noncurrent Deferred & Payable Income Tax Liabilities	48	64	67	73	73	81	81	58
Other Noncurrent Operating Liabilities	4.25	4.26	9.94	11	8.48	7.55	7.35	8.32
Total Equity & Noncontrolling Interests	541	523	519	520	668	672	650	570
Total Preferred & Common Equity	541	523	519	520	668	672	650	570
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	541	523	519	520	668	672	650	570
Common Stock	583	546	531	516	670	650	652	615
Retained Earnings	-41	-24	-13	4.61	-2.46	22	-1.31	-44
Other Equity Adjustments	0.00	0.00	0.00	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	2021	2022	2023	2024	2025
Period end date	11/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	38,673,632.00
DEI Adjusted Shares Outstanding	-	-	-	-	38,673,632.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	0.65
Growth Metrics	-	-	-	-	-
Profitability Metrics	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	54	154	-16	30	12
Return On Investment Capital (ROIC_SIMPLE)	-	25.12%	-2.60%	4.86%	1.64%
Earnings before Interest and Taxes (EBIT)	21	123	47	39	45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	82	187	130	140	176
Valuation Ratios	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-453	-36	43	-126
Efficiency Ratios	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	607	627	614	752
Increase / (Decrease) in Invested Capital	0.00	607	20	-12	138
Book Value per Share	$0.00	$1.29	$18.98	$16.94	$16.27
Tangible Book Value per Share	$0.00	$1.29	$18.98	$16.94	$16.27
Total Capital	0.00	617	627	617	754
Total Debt	0.00	48	81	117	125
Total Long-Term Debt	0.00	48	81	117	125
Net Debt	0.00	38	80	114	123
Capital Expenditures (CapEx)	43	85	121	115	128
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	7.67	-2.61	-52	-0.41
Debt-free Net Working Capital (DFNWC)	0.00	18	-2.06	-49	0.92
Net Working Capital (NWC)	0.00	18	-2.06	-49	0.92
Net Nonoperating Expense (NNE)	36	35	3.44	8.97	-13
Net Nonoperating Obligations (NNO)	0.00	38	80	114	123
Total Depreciation and Amortization (D&A)	61	64	82	101	130
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($21,576,000.73)	$0.70	$0.67
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	29.56M	30.04M	37.65M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.73)	$0.64	$0.64
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	29.56M	32.91M	39.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	29.45M	38.58M	39.78M
Normalized Net Operating Profit after Tax (NOPAT)	39	100	47	36	20
Debt Service Ratios	-	-	-	-	-
Payout Ratios	-	-	-	-	-

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	38,673,632.00	39,776,727.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	38,673,632.00	39,776,727.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.02	-1.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-28.59%	0.00%	5.58%	29.10%	5.86%	-19.30%	8.13%	22.76%	15.72%	-	1.87%
EBITDA Growth	-82.74%	272.39%	86.10%	17.14%	184.87%	-64.14%	39.63%	68.27%	-31.57%	-	-155.12%
EBIT Growth	-101.26%	0.00%	88.60%	-2.03%	2,507.30%	-111.13%	852.38%	115.63%	-96.91%	-	-1,014.56%
NOPAT Growth	-80.06%	0.00%	195.61%	68.98%	-40.66%	-86.85%	-36.45%	5.91%	-98.86%	-	-28.87%
Net Income Growth	-101.71%	0.00%	95.43%	13.60%	1,289.77%	-125.73%	222.05%	125.65%	-107.52%	-	-1,684.71%
EPS Growth	-126.32%	0.00%	95.81%	13.79%	1,160.00%	-121.43%	214.29%	81.82%	-105.66%	-	-1,412.50%
Operating Cash Flow Growth	0.00%	-14.29%	0.53%	-9.91%	42.64%	9.66%	-55.63%	87.75%	8.04%	-	37.37%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	96.43%	260.07%	74.59%	80.38%	-549.62%	-	146.81%
Invested Capital Growth	0.00%	3.28%	0.00%	0.00%	4.62%	-1.99%	25.97%	21.34%	21.79%	-	-8.77%
Revenue Q/Q Growth	6.72%	25.88%	0.00%	8.83%	-12.49%	-4.04%	18.32%	23.55%	-17.51%	-	14.99%
EBITDA Q/Q Growth	-50.40%	248.27%	-10.37%	85.52%	20.61%	-56.16%	42.34%	123.58%	-50.95%	-	-148.80%
EBIT Q/Q Growth	-106.25%	3,502.37%	0.00%	2,507.70%	53.48%	-115.73%	229.48%	590.04%	-97.80%	-	-2,528.57%
NOPAT Q/Q Growth	49.86%	0.04%	0.00%	37.41%	-47.38%	-77.83%	296.37%	128.98%	-99.43%	-	184.28%
Net Income Q/Q Growth	-115.24%	1,458.59%	0.00%	599.91%	59.61%	-129.38%	152.07%	824.25%	-105.32%	-	-5,621.24%
EPS Q/Q Growth	-117.24%	1,500.00%	0.00%	571.43%	60.61%	-128.30%	153.33%	650.00%	-105.00%	-	-10,400.00%
Operating Cash Flow Q/Q Growth	-17.86%	-1.31%	24.59%	-10.80%	30.06%	-24.13%	-49.59%	277.47%	-25.16%	-	-35.83%
Free Cash Flow Firm Q/Q Growth	0.00%	98.51%	-2,969.49%	-1.74%	96.64%	166.83%	-1,210.99%	21.43%	-11.35%	-	150.74%
Invested Capital Q/Q Growth	0.00%	5.27%	-1.20%	2.27%	-1.65%	-1.38%	26.99%	-1.50%	-1.28%	-	-5.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.86%	83.94%	80.73%	81.57%	80.06%	78.70%	79.06%	75.99%	72.62%	-	77.25%
EBITDA Margin	32.84%	90.86%	37.62%	64.12%	88.38%	40.38%	48.57%	87.90%	52.26%	-	-26.28%
Operating Margin	28.95%	28.69%	21.37%	25.25%	15.41%	3.75%	8.13%	22.82%	0.16%	-	8.77%
EBIT Margin	-1.99%	53.81%	-1.17%	25.81%	45.27%	-7.42%	8.12%	45.34%	1.21%	-	-72.88%
Profit (Net Income) Margin	-2.66%	28.74%	-3.57%	16.41%	29.93%	-9.16%	4.03%	30.16%	-1.94%	-	-62.72%
Tax Burden Percent	64.81%	56.14%	74.94%	74.82%	73.71%	77.41%	108.15%	71.41%	83.77%	-	81.71%
Interest Burden Percent	206.39%	95.14%	408.54%	84.96%	89.68%	159.53%	45.92%	93.15%	-191.79%	-	105.32%
Effective Tax Rate	0.00%	43.86%	0.00%	25.18%	26.29%	0.00%	-8.15%	28.59%	0.00%	-	0.00%
Return on Invested Capital (ROIC)	0.00%	6.11%	11.46%	15.04%	4.76%	1.02%	3.10%	6.09%	0.04%	-	2.27%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	20.89%	-12.02%	12.16%	18.56%	-5.76%	0.09%	16.81%	-1.27%	-	-34.31%
Return on Net Nonoperating Assets (RNNOA)	0.00%	2.22%	-2.22%	2.69%	2.74%	-1.07%	0.02%	2.99%	-0.23%	-	-7.03%
Return on Equity (ROE)	0.00%	8.32%	9.24%	17.73%	7.50%	-0.05%	3.12%	9.08%	-0.18%	-	-4.77%
Cash Return on Invested Capital (CROIC)	0.00%	-5.87%	-188.98%	-187.43%	1.76%	6.85%	-19.38%	-15.60%	-16.89%	-	10.83%
Operating Return on Assets (OROA)	0.00%	17.65%	-0.74%	16.72%	15.09%	-2.28%	2.32%	13.74%	0.38%	-	-21.59%
Return on Assets (ROA)	0.00%	9.43%	-2.26%	10.63%	9.98%	-2.81%	1.15%	9.14%	-0.61%	-	-18.58%
Return on Common Equity (ROCE)	0.00%	8.29%	9.24%	17.73%	7.50%	-0.05%	3.12%	9.08%	-0.18%	-	-4.77%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	4.95%	5.24%	8.86%	0.00%	3.88%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	11	11	9.16	13	6.62	1.47	5.82	13	0.08	-4.91	4.14
NOPAT Margin	20.26%	16.11%	14.96%	18.89%	11.36%	2.62%	8.79%	16.30%	0.11%	-	6.14%
Net Nonoperating Expense Percent (NNEP)	46.53%	-14.79%	23.48%	2.88%	-13.80%	6.78%	3.01%	-10.72%	1.31%	-	36.58%
Return On Investment Capital (ROIC_SIMPLE)	-	1.78%	-	-	-	0.24%	0.74%	1.71%	0.01%	-0.65%	0.58%
Cost of Revenue to Revenue	18.14%	16.06%	19.27%	18.43%	19.94%	21.30%	20.94%	24.01%	27.38%	-	22.75%
SG&A Expenses to Revenue	6.94%	6.91%	8.78%	7.09%	8.98%	14.63%	18.33%	0.38%	8.52%	-	12.74%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	52.91%	55.25%	59.36%	56.33%	64.65%	74.95%	70.93%	53.17%	72.46%	-	68.48%
Earnings before Interest and Taxes (EBIT)	-1.10	37	-0.71	17	26	-4.15	5.37	37	0.82	2.02	-49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	18	63	23	43	52	23	32	72	35	36	-18
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.11	1.05	1.29	1.30	1.32	1.43	1.05	0.94	1.02	-	0.91
Price to Tangible Book Value (P/TBV)	1.11	1.05	1.29	1.30	1.32	1.43	1.05	0.94	1.02	-	0.91
Price to Revenue (P/Rev)	0.00	2.45	2.85	2.68	2.68	2.95	2.84	2.40	2.44	-	1.88
Price to Earnings (P/E)	0.00	0.00	26.15	24.86	14.86	33.86	27.07	15.89	31.72	-	0.00
Dividend Yield	7.15%	9.94%	8.43%	8.54%	8.53%	8.30%	8.69%	9.85%	9.52%	-	11.70%
Earnings Yield	0.00%	0.00%	3.82%	4.02%	6.73%	2.95%	3.69%	6.29%	3.15%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.04	1.25	1.25	1.26	1.35	1.04	0.96	1.02	-	0.93
Enterprise Value to Revenue (EV/Rev)	0.00	2.80	3.26	3.14	3.08	3.42	3.30	2.80	2.84	-	2.40
Enterprise Value to EBITDA (EV/EBITDA)	8.87	5.04	5.50	5.39	4.37	5.92	5.47	4.12	4.76	-	5.25
Enterprise Value to EBIT (EV/EBIT)	0.00	13.78	14.59	15.02	9.83	21.37	18.17	11.35	19.72	-	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	22.66	19.88	20.60	27.54	32.21	28.50	40.52	-	53.33
Enterprise Value to Operating Cash Flow (EV/OCF)	4.44	4.61	5.44	5.72	5.18	5.34	6.12	4.48	4.60	-	3.73
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	73.33	19.45	0.00	0.00	0.00	-	8.16
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.15	0.19	0.22	0.20	0.23	0.18	0.16	0.18	-	0.25
Long-Term Debt to Equity	0.10	0.15	0.19	0.22	0.20	0.23	0.18	0.16	0.18	-	0.25
Financial Leverage	0.10	0.11	0.18	0.22	0.15	0.19	0.18	0.18	0.18	-	0.21
Leverage Ratio	1.37	1.28	1.43	1.50	1.44	1.51	1.45	1.45	1.47	-	1.50
Compound Leverage Factor	2.83	1.22	5.86	1.28	1.29	2.40	0.67	1.35	-2.82	-	1.58
Debt to Total Capital	9.38%	12.91%	15.79%	18.15%	16.79%	18.95%	14.91%	13.63%	14.92%	-	20.21%
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%
Long-Term Debt to Total Capital	9.38%	12.91%	15.79%	18.15%	16.79%	18.95%	14.91%	13.63%	14.92%	-	20.21%
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%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	90.62%	87.09%	84.21%	81.85%	83.21%	81.05%	85.09%	86.37%	85.08%	-	79.79%
Debt to EBITDA	0.76	0.62	0.70	0.78	0.58	0.84	0.79	0.60	0.70	-	1.15
Net Debt to EBITDA	0.74	0.62	0.69	0.78	0.57	0.82	0.76	0.58	0.67	-	1.12
Long-Term Debt to EBITDA	0.76	0.62	0.70	0.78	0.58	0.84	0.79	0.60	0.70	-	1.15
Debt to NOPAT	0.00	-4.97	2.87	2.89	2.75	3.90	4.63	4.11	5.99	-	11.69
Net Debt to NOPAT	0.00	-4.93	2.83	2.89	2.68	3.80	4.45	4.04	5.70	-	11.43
Long-Term Debt to NOPAT	0.00	-4.97	2.87	2.89	2.75	3.90	4.63	4.11	5.99	-	11.69
Altman Z-Score	1.65	1.99	2.05	1.92	1.93	1.58	1.60	1.78	1.69	-	1.00
Noncontrolling Interest Sharing Ratio	0.00%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	0.97	0.88	0.83	0.75	0.51	0.73	0.95	0.85	-	0.56
Quick Ratio	0.48	0.75	0.81	0.78	0.53	0.43	0.63	0.68	0.61	-	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-584	-8.72	-610	-621	-21	14	-155	-122	-136	-143	73
Operating Cash Flow to CapEx	93.82%	73.22%	122.37%	93.36%	265.53%	122.93%	57.58%	184.69%	155.43%	-	126.53%
Free Cash Flow to Firm to Interest Expense	-501.12	-4.81	-276.98	-240.16	-7.67	5.65	-53.37	-47.98	-56.97	-	27.75
Operating Cash Flow to Interest Expense	27.50	17.44	17.89	13.60	16.80	14.05	6.02	26.00	20.75	-	9.19
Operating Cash Flow Less CapEx to Interest Expense	-1.81	-6.38	3.27	-0.97	10.47	2.62	-4.44	11.92	7.40	-	1.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.33	0.63	0.65	0.33	0.31	0.29	0.30	0.31	-	0.30
Accounts Receivable Turnover	0.00	5.42	0.00	0.00	6.85	5.71	5.04	5.62	7.62	-	5.62
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	0.00	0.36	0.00	0.00	0.36	0.33	0.31	0.33	0.34	-	0.32
Accounts Payable Turnover	0.00	2.26	0.00	0.00	2.31	1.54	1.85	3.00	3.54	-	2.78
Days Sales Outstanding (DSO)	0.00	67.34	0.00	0.00	53.28	63.88	72.36	64.93	47.89	-	64.97
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	0.00	161.19	0.00	0.00	157.90	237.75	197.57	121.79	103.24	-	131.17
Cash Conversion Cycle (CCC)	0.00	-93.84	0.00	0.00	-104.62	-173.87	-125.21	-56.85	-55.36	-	-66.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	595	627	619	633	623	614	780	769	759	752	712
Invested Capital Turnover	0.00	0.38	0.77	0.80	0.42	0.39	0.35	0.37	0.39	-	0.37
Increase / (Decrease) in Invested Capital	595	20	619	633	28	-12	161	135	136	138	-68
Enterprise Value (EV)	653	654	774	791	788	827	814	734	771	-	659
Market Capitalization	599	574	677	676	685	713	701	630	663	-	518
Book Value per Share	$18.25	$18.98	$17.46	$17.60	$17.64	$16.94	$17.31	$17.40	$16.84	$16.27	$14.34
Tangible Book Value per Share	$18.25	$18.98	$17.46	$17.60	$17.64	$16.94	$17.31	$17.40	$16.84	$16.27	$14.34
Total Capital	597	627	621	634	625	617	785	778	764	754	715
Total Debt	56	81	98	115	105	117	117	106	114	125	145
Total Long-Term Debt	56	81	98	115	105	117	117	106	114	125	145
Net Debt	54	80	97	115	103	114	113	104	108	123	141
Capital Expenditures (CapEx)	34	43	32	38	17	28	30	36	32	30	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-44	-2.61	-7.88	-10	-21	-52	-31	-5.76	-15	-0.41	-41
Debt-free Net Working Capital (DFNWC)	-42	-2.06	-6.50	-10	-18	-49	-26	-3.79	-9.74	0.92	-38
Net Working Capital (NWC)	-42	-2.06	-6.50	-10	-18	-49	-26	-3.79	-9.74	0.92	-38
Net Nonoperating Expense (NNE)	13	-8.76	11	1.65	-11	6.59	3.15	-11	1.39	-4.17	46
Net Nonoperating Obligations (NNO)	54	80	97	115	103	114	113	97	108	123	141
Total Depreciation and Amortization (D&A)	19	26	24	26	25	27	27	35	34	34	31
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-1.12%	-3.32%	-4.09%	-8.16%	-21.65%	-12.42%	-2.20%	-5.64%	-	-15.06%
Debt-free Net Working Capital to Revenue	0.00%	-0.88%	-2.74%	-4.04%	-7.21%	-20.42%	-10.60%	-1.45%	-3.59%	-	-13.91%
Net Working Capital to Revenue	0.00%	-0.88%	-2.74%	-4.04%	-7.21%	-20.42%	-10.60%	-1.45%	-3.59%	-	-13.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	$28,071,000.70	($0.07)	$0.36	$0.56	($0.15)	$0.08	$0.62	($0.03)	$0.00	($1.05)
Adjusted Weighted Average Basic Shares Outstanding	29.66M	29.56M	29.93M	30.05M	30.08M	30.04M	33.07M	39.10M	39.14M	37.65M	40.08M
Adjusted Diluted Earnings per Share	($0.05)	$0.70	($0.07)	$0.33	$0.53	($0.15)	$0.08	$0.60	($0.03)	($0.01)	($1.05)
Adjusted Weighted Average Diluted Shares Outstanding	29.66M	29.56M	29.93M	33.03M	32.99M	32.91M	35.09M	40.97M	39.14M	39.55M	40.08M
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	28.79M	29.45M	29.45M	29.50M	29.54M	38.58M	38.61M	38.61M	38.67M	39.78M	41.71M
Normalized Net Operating Profit after Tax (NOPAT)	12	12	10	14	8.24	3.05	5.49	15	1.95	-3.03	4.65
Normalized NOPAT Margin	21.72%	17.47%	16.80%	21.19%	14.14%	5.45%	8.30%	18.40%	2.90%	-	6.89%
Pre Tax Income Margin	-4.11%	51.19%	-4.77%	21.93%	40.60%	-11.84%	3.73%	42.24%	-2.32%	-	-76.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.94	20.56	-0.32	6.65	9.69	-1.68	1.85	14.60	0.34	-	-18.79
NOPAT to Interest Expense	9.57	6.15	4.16	4.87	2.43	0.59	2.00	5.25	0.03	-	1.58
EBIT Less CapEx to Interest Expense	-30.25	-3.26	-14.95	-7.92	3.37	-13.11	-8.61	0.52	-13.01	-	-26.05
NOPAT Less CapEx to Interest Expense	-19.74	-17.67	-10.47	-9.70	-3.89	-10.83	-8.45	-8.83	-13.32	-	-5.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-293.76%	231.06%	224.07%	134.64%	301.80%	282.83%	200.46%	410.92%	-	-455.37%
Augmented Payout Ratio	0.00%	-295.01%	231.06%	224.07%	134.64%	301.80%	282.83%	200.46%	410.92%	-	-455.37%

Financials Breakdown Chart

Key Financial Trends

Here are the notable trends for Vitesse Energy (VTS) based on the last four years of quarterly data provided.

Strong operating cash flow across recent quarters: Net cash from continuing operating activities was positive in all 2025 quarters, including Q2 2025 at $66.0M, Q3 2025 at $49.4M, Q4 2025 at $37.4M, and Q1 2025 at $17.5M.
Healthy gross margins maintained: Gross margins stayed robust in the 70%–76% band across the four 2025 quarters (approx. Q1 2025 ~79%, Q2 2025 ~76%, Q3 2025 ~73%, Q4 2025 ~70%).
Positive free cash flow in most 2025 quarters: Free cash flow (CFO minus capital expenditures) was roughly +$30.3M in Q2 2025, +$17.6M in Q3 2025, and +$7.7M in Q4 2025 (Q1 2025 was negative around -$12.9M).
Stable quarterly dividend: Cash dividends per share remained at $0.5625 each quarter, indicating a steady shareholder return policy.
Debt levels are moderate and generally manageable: Long-term debt hovered around $106M–$117M in 2025, with financing cash flows reflecting repayments rather than large new issuances.
Asset and equity base remains substantial: Total assets sit in the ~$930M–$975M range and total equity in the ~$520M–$671M range over the period, indicating a solid balance sheet cushion.
Capex levels are steady: Capital expenditures typically run around $30M per quarter, signaling ongoing asset maintenance and capacity investment without dramatic swings.
Revenue fluctuates quarter-to-quarter: Quarterly revenue shows variability (e.g., Q2 2025 $81.8M vs Q4 2025 $58.6M), suggesting crude price/volume sensitivity inherent in upstream operations.

Profits have been volatile and generally negative: Net income swung to positive only in Q2 2025; other recent quarters posted losses (Q1 2025 net income attributable to common shareholders around -$2.19M, Q3 2025 around -$1.31M, Q4 2025 around -$0.74M).
Short-term liquidity tightened in one quarter: In Q3 2025, current assets ($57.0M) were below current liabilities ($66.8M), yielding a current ratio below 1.0 and indicating tighter near-term liquidity.

05/14/26 06:18 PM ETAI Generated. May Contain Errors.

Vitesse Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Vitesse Energy's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Vitesse Energy's net income appears to be on a downward trend, with a most recent value of $25.28 million in 2025, rising from $18.11 million in 2021. The previous period was $21.06 million in 2024. View Vitesse Energy's forecast to see where analysts expect Vitesse Energy to go next.

Vitesse Energy's total operating income in 2025 was $17.13 million, based on the following breakdown:

Total Gross Profit: $204.45 million
Total Operating Expenses: $187.33 million

Over the last 4 years, Vitesse Energy's total revenue changed from $167.84 million in 2021 to $273.99 million in 2025, a change of 63.2%.

Vitesse Energy's total liabilities were at $264.03 million at the end of 2025, a 15.0% decrease from 2024, and a 188.6% increase since 2022.

In the past 3 years, Vitesse Energy's cash and equivalents has ranged from $552 thousand in 2023 to $10.01 million in 2022, and is currently $1.33 million as of their latest financial filing in 2025.

Over the last 4 years, Vitesse Energy's book value per share changed from 0.00 in 2021 to 16.27 in 2025, a change of 1,627.3%.

Related Companies

Financial statements for NYSE:VTS last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Vitesse Energy (VTS) Financials

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Vitesse Energy (VTS) Financials

Annual Income Statements for Vitesse Energy

Quarterly Income Statements for Vitesse Energy

Annual Cash Flow Statements for Vitesse Energy

Quarterly Cash Flow Statements for Vitesse Energy

Annual Balance Sheets for Vitesse Energy

Quarterly Balance Sheets for Vitesse Energy

Annual Metrics And Ratios for Vitesse Energy

Quarterly Metrics And Ratios for Vitesse Energy

Financials Breakdown Chart

Key Financial Trends

Vitesse Energy Financials - Frequently Asked Questions

When does Vitesse Energy's fiscal year end?

How has Vitesse Energy's net income changed over the last 4 years?

What is Vitesse Energy's operating income?

How has Vitesse Energy's revenue changed over the last 4 years?

How much debt does Vitesse Energy have?

How much cash does Vitesse Energy have?

How has Vitesse Energy's book value per share changed over the last 4 years?

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