secwatch.observer — SEC 8-K summary
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Issuer:     Vitesse Energy, Inc. (VTS)
CIK:        0001944558
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001944558-24-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vitesse Energy Q1 net loss $2.2M; dividend up 5% to $0.525; raises 2024 guidance
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- Quarterly dividend increased 5% to $0.525/share, payable June 28, 2024; record June 14, 2024.
- Adjusted EBITDA $39.1M, Adjusted Net Income $10.2M, production 12,557 Boe/d (71% oil).
- Announced Williston Basin acquisitions driving >$40M incremental capex in 2024.
- Raised 2024 annual production guidance; total debt $98.0M, Net Debt/EBITDA 0.62.
- 332,840 shares retired for tax withholding at avg. $20.85 in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944558/000194455824000062/0001944558-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944558/000194455824000062/vitesse-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001944558-24-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer