Vitesse Energy reports FY2022 net income $118.9M, declares $0.50 quarterly dividend

Vitesse Energy, Inc.

2022-FY EPS reported $0.26 revenue$300,070,000

Net income $118.9M (up 682% YoY); revenue $300.1M (up 55%); Adjusted EBITDA $167.6M (up 58%).
Production 10,376 Boe/d (68% oil), up 4% YoY. Net debt to Adjusted EBITDA ratio 0.23 (down from 0.59).
Declared initial quarterly cash dividend of $0.50/share, payable March 31, 2023 to holders of record March 15, 2023.
Board approved $60M share repurchase program. Completed spin-off from Jefferies and acquisition of VO on Jan 13, 2023.

item 2.02 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vitesse Energy, Inc. reported the year ended December 31, 2022 results: revenue $300.1 million, net income $118.9 million.

Period: the year ended December 31, 2022
Revenue: $300.1 million
Net income: $118.9 million
Result: reported results

Exact text from the filing

Total revenue for 2022 was $300.1 million, an increase of 55% over 2021. Net income was $118.9 million during 2022, an increase of 682% over 2021.

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Vitesse Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001944558-23-000020

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