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Vitesse Energy, Inc.. - VTS STOCK NEWS

Welcome to our dedicated page for Vitesse Energy, Inc.. news (Ticker: VTS), a resource for investors and traders seeking the latest updates and insights on Vitesse Energy, Inc.. stock.

Vitesse Energy, Inc. (NYSE: VTS) is an independent energy company headquartered in the United States. The company is distinctly focused on maximizing shareholder value by owning financial interests in oil and natural gas wells. Unlike traditional operators, Vitesse Energy functions as a non-operator, partnering with leading US operators who handle the drilling and operational aspects.

Vitesse Energy’s core business involves the acquisition, development, and production of non-operated oil and natural gas properties. These properties are primarily located in prolific regions such as the Williston Basin in North Dakota and Montana. Additionally, the company holds significant interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. This geographical diversity allows Vitesse Energy to capitalize on various lucrative opportunities within the energy sector.

The company has built a robust portfolio by strategically acquiring properties that are managed by expert operators. This approach enables Vitesse Energy to mitigate operational risks while leveraging the expertise of its partners. The company’s business model is designed to ensure steady cash flow and sustainable returns to shareholders.

Vitesse Energy is committed to returning capital to stockholders. This commitment is reflected in its careful selection of high-quality assets and disciplined financial management. By focusing on non-operated interests, the company can optimize its investment returns and provide attractive dividends to its shareholders.

Recent achievements highlight the company’s strategic growth and financial health. Vitesse Energy continues to expand its asset base and enhance production capabilities. The company’s financial condition is solid, with a focus on maintaining a strong balance sheet and efficient capital allocation.

Partnerships with some of the leading operators in the oil and gas industry further strengthen Vitesse Energy’s market position. These collaborations allow the company to benefit from advanced technologies, operational efficiencies, and market insights, thereby maximizing the value of its investments.

For investors seeking exposure to the energy sector, Vitesse Energy represents a compelling opportunity. Its non-operating strategy, diversified asset base, and commitment to shareholder returns make it a noteworthy player in the industry.

Rhea-AI Summary
Vitesse Energy, Inc. (NYSE: VTS) announced the release of its year-end 2023 financial and operating results on February 26, 2024, followed by a conference call on February 27, 2024, at 11:00 a.m. Eastern Time. The conference call details and webcast link were provided, along with replay information available until March 5, 2024.
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Vitesse Energy, Inc. (NYSE: VTS) announced its Q3 2023 financial and operating results, including a net loss of $1.5 million and adjusted net income of $11.1 million. The company declared a quarterly cash dividend of $0.50 per common share. It acquired additional oil and gas interests that will result in approximately $50.0 million of acquisition and related development capital expenditures. Vitesse had a production of 11,009 barrels of oil equivalent per day, with oil representing 67% of production. The company had total debt of $56.0 million and a net debt to adjusted EBITDA ratio of 0.39.
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Vitesse Energy, Inc. plans to release its Q3 2023 financial and operating results on November 1, 2023.
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Vitesse Energy announces impactful acquisitions, revised guidance, and hedging activity
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Vitesse Energy appoints James Henderson as Chief Financial Officer
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Vitesse Energy, Inc. announces second quarter 2023 financial and operating results, with net income of $9.6 million and adjusted EBITDA of $34.8 million. The company also declared a third quarter cash dividend of $0.50 per share.
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Vitesse Energy, Inc. (VTS) Declares $0.50 Per Share Cash Dividend for Third Quarter 2023
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Vitesse Energy, Inc. plans to release its second quarter 2023 financial and operating results on July 31, 2023, after market close. The company will host a conference call on August 1, 2023, at 9:00 a.m. Eastern Time. A replay of the conference call will be available until August 8, 2023.
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FAQ

What is the current stock price of Vitesse Energy, Inc.. (VTS)?

The current stock price of Vitesse Energy, Inc.. (VTS) is $24.14 as of December 20, 2024.

What is the market cap of Vitesse Energy, Inc.. (VTS)?

The market cap of Vitesse Energy, Inc.. (VTS) is approximately 713.9M.

What is Vitesse Energy, Inc.?

Vitesse Energy, Inc. (NYSE: VTS) is an independent energy company focused on owning financial interests in non-operated oil and natural gas wells in the United States.

Where are Vitesse Energy's main operations located?

Vitesse Energy's main operations are located in the Williston Basin of North Dakota and Montana, with additional properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.

What is the business model of Vitesse Energy?

Vitesse Energy employs a non-operating business model, acquiring, developing, and producing non-operated oil and natural gas properties that are managed by other leading operators.

How does Vitesse Energy return capital to stockholders?

Vitesse Energy focuses on steady cash flow and disciplined financial management to ensure sustainable returns, providing attractive dividends to its shareholders.

Who manages the drilling and operational aspects of Vitesse Energy's wells?

The drilling and operational aspects of Vitesse Energy's wells are managed by leading US operators with whom the company partners.

What are some of Vitesse Energy's recent achievements?

Vitesse Energy has expanded its asset base, enhanced production capabilities, and maintained a strong financial condition, reflecting its strategic growth and financial health.

Why should investors consider Vitesse Energy?

Investors should consider Vitesse Energy for its non-operating strategy, diversified asset base, and strong commitment to shareholder returns, making it a compelling player in the energy sector.

What are the benefits of Vitesse Energy's partnerships?

Vitesse Energy benefits from advanced technologies, operational efficiencies, and market insights through its partnerships with leading operators, maximizing the value of its investments.

How does Vitesse Energy mitigate operational risks?

Vitesse Energy mitigates operational risks by owning non-operated interests, allowing expert operators to handle drilling and operational responsibilities.

What is the focus of Vitesse Energy's financial management?

Vitesse Energy focuses on maintaining a strong balance sheet, efficient capital allocation, and providing steady returns to its shareholders through disciplined financial management.

Vitesse Energy, Inc..

NYSE:VTS

VTS Rankings

VTS Stock Data

713.92M
25.25M
14.54%
55.32%
8.96%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
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