Vitesse Energy reports FY2023 net loss $19.7M, adj net income $53.6M; declares $0.50 quarterly dividend

Vitesse Energy, Inc.

2023-FY EPS reported -$0.73 revenue$233,905,000

Net loss of $19.7M, Adjusted Net Income of $53.6M, Adjusted EBITDA $157.0M.
Production 11,889 Boe/d (68% oil), up 15% YoY; Q4 production 13,652 Boe/d (72% oil).
Declared Q1 2024 cash dividend of $0.50/share, payable March 29, 2024 to holders of record March 15, 2024.
Total debt $81.0M, Net Debt to Adjusted EBITDA ratio of 0.51.
Cash flow from operations $141.9M, Free Cash Flow $60.7M, capex & acquisitions $120.5M.

item 2.02 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 0.95

Vitesse Energy, Inc. reported the year ended December 31, 2023 results: net income Net loss of $19.7 million and Adjusted Net Income (1) of $53.6 million.

Period: the year ended December 31, 2023
Net income: Net loss of $19.7 million and Adjusted Net Income (1) of $53.6 million
Result: reported results

Exact text from the filing

On February 26, 2024, Vitesse Energy, Inc. (the “Company”) issued a press release announcing its operating and financial results for the year ended December 31, 2023.

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Vitesse Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001944558-24-000022

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