Vitesse Energy Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
VTS$14.86+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity
Condensed Consolidated Statements of Equity (Unaudited)
| Common Stock · Preferred Stock | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In thousands, except share data) | Shares | Amount | Shares | Amount | Additional Paid-In Capital | Predecessor Members' Equity | Accumulated Deficit | Total Equity |
| Balance—January 1, 2024 | 32,812,007 | $328 | — | $— | $567,654 | $— | $(21,576) | $546,406 |
| Net (loss) | — | — | — | — | — | — | (2,186) | (2,186) |
| Issuance of restricted stock units, net of forfeitures | 19,403 | — | — | — | (74) | — | — | (74) |
| Equity-based compensation | — | — | — | — | 1,758 | — | — | 1,758 |
| Common stock dividends declared | — | — | — | — | (16,249) | — | — | (16,249) |
| Stock exchanged for tax withholding and retired | (332,840) | (3) | — | — | (6,936) | — | — | (6,939) |
| Balance—March 31, 2024 | 32,498,570 | $325 | — | $— | $546,153 | $— | $(23,762) | $522,716 |
| Balance—January 1, 2023 | — | $— | — | $— | $— | $564,423 | $— | $564,423 |
| Net income (loss) | — | — | — | — | — | 1,832 | (49,647) | (47,815) |
| Issuance of common stock in exchange for Vitesse Energy, LLC | 25,914,891 | 259 | — | — | 565,996 | (566,255) | — | — |
| Issuance of common stock in exchange for Non-Founder MIU's | 163,544 | 2 | — | — | 4,557 | — | — | 4,559 |
| Acquisition of Vitesse Oil, LLC | 2,120,312 | 21 | — | — | 30,607 | — | — | 30,628 |
| Issuance of restricted stock units | 3,136,456 | 31 | — | — | (31) | — | — | — |
| Issuance of Transitional Plan awards, net of fractional shares | 1,475,613 | 15 | — | — | (15) | — | — | — |
| Equity-based compensation | — | — | — | — | 27,972 | — | — | 27,972 |
| Common stock dividends declared | — | — | — | — | (16,405) | — | — | (16,405) |
| Repurchase of common stock | (14,600) | — | — | — | (248) | — | — | (248) |
| Balance—March 31, 2023 | 32,796,216 | $328 | — | $— | $612,433 | $— | $(49,647) | $563,114 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.