earnings
confidence high
sentiment neutral
materiality 0.75
Vitesse Energy Q3 net loss $1.5M, adj net income $11.1M; declares $0.50 dividend
Vitesse Energy, Inc.
2023-Q3 EPS reported
-$1.40
revenue$164,602,000
- Net loss of $1.5M; Adjusted Net Income of $11.1M (non-cash mark-to-market hedge loss the gap).
- Adjusted EBITDA $34.7M; cash flow from ops $32.1M; Free Cash Flow $17.2M.
- Production 11,009 Boe/d (67% oil); total capex + acquisitions $34.1M.
- Quarterly cash dividend $0.50/sh declared, payable Dec 29 to holders of record Dec 15.
- Previously announced ~$50M in acquisition & development capex primarily before year-end 2023.