See more : Promithian Global Ventures, Inc. (PGVI) Income Statement Analysis – Financial Results
Complete financial analysis of Vitesse Energy, Inc. (VTS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Vitesse Energy, Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Vitesse Energy, Inc. (VTS)
About Vitesse Energy, Inc.
Vitesse Energy, Inc. focuses on acquisition, ownership, exploration, development, management, production, exploitation, and dispose of oil and gas properties. The company acquires non-operated working interest and royalty interest ownership primarily in the core of the Bakken Field in North Dakota and Montana. It also owns non-operated interests in oil and gas properties in Colorado and Wyoming. The company was incorporated in 2022 and is based in Centennial, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 233.91M | 300.07M | 185.18M | 97.23M | 171.30M |
| Cost of Revenue | 142.88M | 137.14M | 58.45M | 50.91M | 58.45M |
| Gross Profit | 91.02M | 162.93M | 126.73M | 46.33M | 112.85M |
| Gross Profit Ratio | 38.91% | 54.30% | 68.44% | 47.64% | 65.88% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 56.17M | 9.07M | 11.99M | 8.65M | 11.25M |
| Selling & Marketing | 0.00 | -2.87M | 0.00 | 0.00 | 0.00 |
| SG&A | 56.17M | 9.07M | 11.99M | 8.65M | 11.25M |
| Other Expenses | 0.00 | 20.00K | 60.85M | 58.31M | 64.72M |
| Operating Expenses | 56.17M | 9.07M | 72.84M | 66.96M | 75.97M |
| Cost & Expenses | 199.05M | 146.20M | 131.28M | 117.86M | 134.42M |
| Interest Income | 0.00 | 4.15M | 2.84M | 4.68M | 4.83M |
| Interest Expense | 5.28M | 4.15M | 3.21M | 4.68M | 4.83M |
| Depreciation & Amortization | 81.75M | 63.73M | 60.85M | 58.31M | 64.72M |
| EBITDA | 129.22M | 186.79M | 82.17M | 54.13M | 105.43M |
| EBITDA Ratio | 55.25% | 72.52% | 61.97% | 38.77% | 59.34% |
| Operating Income | 34.85M | 153.87M | 53.90M | -20.61M | 36.88M |
| Operating Income Ratio | 14.90% | 51.28% | 29.11% | -21.20% | 21.53% |
| Total Other Income/Expenses | 7.35M | -34.96M | -35.78M | 11.75M | -993.00K |
| Income Before Tax | 42.20M | 118.90M | 18.11M | -8.86M | 35.89M |
| Income Before Tax Ratio | 18.04% | 39.63% | 9.78% | -9.11% | 20.95% |
| Income Tax Expense | 61.95M | 3.21M | 3.22M | 4.70M | 4.88M |
| Net Income | -21.58M | 118.90M | 18.11M | -13.56M | 35.89M |
| Net Income Ratio | -9.22% | 39.63% | 9.78% | -13.94% | 20.95% |
| EPS | -0.73 | 0.26 | 0.62 | -0.48 | 1.23 |
| EPS Diluted | -0.73 | 0.26 | 0.62 | -0.48 | 1.23 |
| Weighted Avg Shares Out | 29.56M | 438.63M | 28.52M | 28.52M | 28.52M |
| Weighted Avg Shares Out (Dil) | 29.56M | 438.63M | 28.52M | 28.52M | 28.52M |
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Vitesse Energy stock: How safe is the 9% dividend yield?
Vitesse Energy (VTS) stock price has done well after being spun out from Jefferies in 2023. It has soared from a low of $12.18 to a record high of over $26.70, helped by the robust energy prices.
This 9% Yielding Energy Stock Just Increased Its Dividend Payment
Management uses a hedging strategy to protect the downside risk from a fall in the oil price. The strategy also isolates the risk to Vitesse's core strength, which is management's ability to identify attractive assets to invest in.
Vitesse Energy (VTS) Matches Q2 Earnings Estimates
Vitesse Energy (VTS) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.34 per share a year ago.
Vitesse Energy Announces Second Quarter 2024 Results
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today reported the Company's second quarter 2024 financial and operating results. SECOND QUARTER 2024 HIGHLIGHTS As previously announced, declared a quarterly cash dividend of $0.525 per...
Vitesse Energy (VTS) to Report Q2 Earnings: What's in Store?
A decline in natural gas prices and higher capex are likely to have affected Vitesse Energy's (VTS) earnings in Q2.
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Is Vitesse Energy, Inc. (VTS) Outperforming Other Oils-Energy Stocks This Year?
Here is how Vitesse Energy (VTS) and Weatherford (WFRD) have performed compared to their sector so far this year.
Source: https://incomestatements.info
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