Vitesse Energy FY2024 net income $21.1M; raises dividend 7% to $0.5625; closes Lucero acquisition

Vitesse Energy, Inc.

Full year 2024 net income $21.1M; Adjusted EBITDA $156.8M; production 13,003 Boe/d (69% oil).
Quarterly dividend increased 7% to $0.5625/share ($2.25 annualized), payable March 31, 2025.
Closed accretive Lucero acquisition on March 7, 2025; total debt $117.0M; Net Debt/Adjusted EBITDA 0.73.
Full year 2024 cash flow from operations $155.0M; Free Cash Flow $51.2M; capex + acquisitions $115.2M.

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