Highest-materiality recent filing
Vitesse Energy announces annual meeting results; all director nominees elected, auditor ratified
Eight director nominees elected; highest vote count 22,032,901 for Gary Reaves.
Vitesse Energy Q1 GAAP net loss $42.3M, adjusted net loss $0.3M; production 15,962 Boe/d
GAAP net loss $42.3M from $48.2M non-cash unrealized derivative loss; adjusted net loss $0.3M.
Vitesse Energy issues 1.94M shares to acquire non-operated oil and gas assets from Titan Exploration
Issued 1,935,698 shares of common stock to Seller (Titan Exploration, LLC) for non-operated oil and gas assets.
Vitesse Energy CEO Robert Gerrity resigns; Jamie Benard named new CEO effective May 1
Founder CEO Robert Gerrity resigns immediately; receives $2.4M lump sum severance, forfeits unvested equity.
Vitesse hedges 67% of 2026 oil production; director Chernoff resigns amicably
Added crude swaps for Q1–Q4 2027 at weighted avg prices $63.51–$65.74/bbl.
Vitesse Energy signs $35M stock acquisition; FY2025 net income $25.3M, dividend cut to $0.4375
Acquired non-operated Powder River Basin assets for $35M in stock; expected close Q2 2026, accretive to key metrics.
Vitesse Energy Q3 net loss $1.3M; adjusted NI $3.8M; raises 2025 guidance
Q3 net loss of $1.3M, Adjusted Net Income $3.8M, Adjusted EBITDA $41.6M.
Vitesse Energy Q2 2025: net income $24.7M, production 18,950 Boe/d, legal settlement $24M
Q2 net income $24.7M; Adjusted Net Income $18.4M; Adjusted EBITDA $61.1M.
Vitesse resolves Hess dispute: $24M payment, in-kind gas take starting July 1
Dispute with operator Hess over post-production deductions resolved effective May 28, 2025, avoiding June 16 trial.
Vitesse Energy stockholders approve LTIP amendment increasing shares by 580,500
Stockholders approved amended LTIP effective May 1, 2025, adding 580,500 shares to the plan.
Vitesse Energy Q1 net income $2.7M, Adjusted EBITDA $39.9M; closes Lucero acquisition
Net income $2.7M, Adjusted Net Income $8.0M, Adjusted EBITDA $39.9M.
Vitesse files audited 2024 Lucero financials: net loss CAD$165M, impairment CAD$236M
Lucero's 2024 revenue CAD$171M (net of royalties: $143M) vs 2023 revenue $254M (net $212M).
Vitesse Energy FY2024 net income $21.1M; raises dividend 7% to $0.5625; closes Lucero acquisition
Full year 2024 net income $21.1M; Adjusted EBITDA $156.8M; production 13,003 Boe/d (69% oil).
Vitesse completes acquisition of Lucero Energy; issues 8.17M shares, expands credit facility
Each Lucero share exchanged for 0.01239 Vitesse shares; 8,169,368 shares issued; former Lucero holders own ~20% of Vitesse.
Vitesse stockholders approve stock issuance for Lucero acquisition
Stock Issuance Proposal approved: 20,823,833 for, 67,988 against, 93,102 abstentions.
Vitesse Energy to acquire Lucero Energy in all-stock deal; exchange ratio 0.01239 per share
Vitesse acquires Lucero Energy Corp. in an all-stock transaction; each Lucero share exchanged for 0.01239 Vitesse share.
Vitesse to acquire Lucero in $222M all-stock deal; dividend to rise from $2.10 to $2.25/share
All-stock acquisition valued at US$222M fully diluted; exchange ratio 0.01239 Vitesse shares per Lucero share.
Vitesse Energy Q3 net income $17.4M; production 13,009 Boe/d; quarterly dividend $0.525
Net income $17.4M, Adjusted Net Income $7.6M, Adjusted EBITDA $37.6M.
Vitesse declares $0.525/share quarterly dividend; payable Dec 31, 2024
Dividend of $0.525 per share declared for Q4 2024.
Maturity extended to four years from the October 22, 2024 effective date.
Vitesse Energy Q2 2024 net income $10.9M, increases dividend 5% to $0.525/share
Net income $10.9M, Adjusted Net Income $11.7M; Adjusted EBITDA $43.1M.
Vitesse Energy declares $0.525 quarterly cash dividend for Q3 2024
Board declares $0.525 per share quarterly cash dividend.
Vitesse Energy Amends Credit Agreement; Borrowing Base at $245M, Commitment Raised
Borrowing base reaffirmed at $245 million in semi-annual redetermination.
Vitesse Energy stockholders elect all seven director nominees and ratify Deloitte as auditor
All seven director nominees elected: votes for ranged from 15.5M to 18.1M; broker non-votes 5.6M.
Vitesse Energy Q1 net loss $2.2M; dividend up 5% to $0.525; raises 2024 guidance
Quarterly dividend increased 5% to $0.525/share, payable June 28, 2024; record June 14, 2024.
Net loss of $19.7M, Adjusted Net Income of $53.6M, Adjusted EBITDA $157.0M.
Vitesse Energy Q3 net loss $1.5M, adj net income $11.1M; declares $0.50 dividend
Net loss of $1.5M; Adjusted Net Income of $11.1M (non-cash mark-to-market hedge loss the gap).
Acquired additional oil and gas interests in Williston Basin for ~$50 million in acquisition and development capex, primarily Q3-Q4 2023.
Vitesse Energy signs consulting agreement with former CFO David Macosko through Aug 2024
Former CFO David R. Macosko to provide transitional services until August 31, 2024.
Vitesse Energy appoints James Henderson as CFO effective September 1, 2023
James Henderson succeeds David Macosko, who ceases employment on August 31, 2023.
Vitesse Energy Q2 net income $9.6M, Adjusted EBITDA $34.8M; declares $0.50 dividend
Net income of $9.6M, Adjusted Net Income of $11.4M.
Vitesse Q1 net loss $47.8M on $77.4M spin-off charges; adj. net income $15.6M
Net loss of $47.8M includes $44.1M non-cash tax change, $26.8M equity comp acceleration, $6.5M transaction costs.
Vitesse Energy reports FY2022 net income $118.9M, declares $0.50 quarterly dividend
Net income $118.9M (up 682% YoY); revenue $300.1M (up 55%); Adjusted EBITDA $167.6M (up 58%).
Jefferies completes spin-off of Vitesse Energy; Vitesse begins trading independently on NYSE
Jefferies distributed 26.6M shares of Vitesse (94.37% of outstanding) to JEF holders at 1 VTS per 8.49668 JEF shares.
Vitesse Energy spin-off cleared by SEC; distribution to Jefferies shareholders effective Jan 6, 2023
SEC declared Vitesse's Form 10 effective on Jan 6, 2023, enabling the spin-off from Jefferies Financial Group.
the Board of Directors of Vitesse (the “Board”) approved an increase in the size of the Board from seven to nine directors and appointed M. Bruce Chernoff and Gary D. Reaves.
the Board of Directors of Vitesse (the “Board”) approved an increase in the size of the Board from seven to nine directors and appointed M. Bruce Chernoff and Gary D. Reaves.
On August 29, 2023, James Henderson was appointed Chief Financial Officer of Vitesse Energy, Inc. (the “Company”) effective September 1, 2023.
Mr. Henderson will succeed David R. Macosko, who will transition from and cease to be an employee of the Company effective August 31, 2023.
Mr. Cree will no longer serve as Chief Operating Officer following the Spin-Off.
(i) effective upon the commencement of when-issued trading in Vitesse’s common stock on January 10, 2023, the size of the Board of Directors of the Company (the “Board”) was increased from one to two members and Daniel O’Leary was appointed to fill the vacancy created by the increase in the size of the Board
(ii) effective as of the Distribution Date, the size of the Board increased from two to seven members and each of Linda Adamany, Brian Friedman, Cathleen Osborn, Randy Stein and Joseph Steinberg were appointed to fill the vacancies created by the increase in the size of the Board
(ii) effective as of the Distribution Date, the size of the Board increased from two to seven members and each of Linda Adamany, Brian Friedman, Cathleen Osborn, Randy Stein and Joseph Steinberg were appointed to fill the vacancies created by the increase in the size of the Board
Mr. Gerrity was appointed Chairman of the Board.
(ii) effective as of the Distribution Date, the size of the Board increased from two to seven members and each of Linda Adamany, Brian Friedman, Cathleen Osborn, Randy Stein and Joseph Steinberg were appointed to fill the vacancies created by the increase in the size of the Board
(ii) effective as of the Distribution Date, the size of the Board increased from two to seven members and each of Linda Adamany, Brian Friedman, Cathleen Osborn, Randy Stein and Joseph Steinberg were appointed to fill the vacancies created by the increase in the size of the Board
(ii) effective as of the Distribution Date, the size of the Board increased from two to seven members and each of Linda Adamany, Brian Friedman, Cathleen Osborn, Randy Stein and Joseph Steinberg were appointed to fill the vacancies created by the increase in the size of the Board
Max materiality 0.85 · Median 0.65 · Most common event earnings