secwatch.observer — SEC 8-K summary
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Issuer:     Vitesse Energy, Inc. (VTS)
CIK:        0001944558
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001944558-23-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vitesse Q1 net loss $47.8M on $77.4M spin-off charges; adj. net income $15.6M
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- Net loss of $47.8M includes $44.1M non-cash tax change, $26.8M equity comp acceleration, $6.5M transaction costs.
- Adjusted net income $15.6M; Adjusted EBITDA $40.1M, up 6% YoY.
- Production 11,524 Boe/d (67% oil), up 20% YoY; total debt $45M, down from $53M at spin-off.
- Second quarterly dividend of $0.50/share declared, payable June 30, 2023; $60M buyback authorized, $0.2M repurchased in Q1.
- Spin-off from Jefferies completed Jan 13, 2023; company now fully integrated public entity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944558/000194455823000042/0001944558-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944558/000194455823000042/vitesse-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001944558-23-000042

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