Vitesse Energy Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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.
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Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
| FOR THE THREE MONTHS ENDED MARCH 31, | ||
|---|---|---|
| (In thousands, except share data) | 2024 | 2023 |
| Revenue | ||
| Oil | $57,364 | $50,486 |
| Natural gas | 3,829 | 7,475 |
| Total revenue | 61,193 | 57,961 |
| Operating Expenses | ||
| Lease operating expense | 11,791 | 9,080 |
| Production taxes | 5,799 | 5,255 |
| General and administrative | 5,374 | 10,862 |
| Depletion, depreciation, amortization, and accretion | 23,545 | 18,472 |
| Equity-based compensation (Note 10) | 1,605 | 27,972 |
| Total operating expenses | 48,114 | 71,641 |
| Operating Income (Loss) | 13,079 | (13,680) |
| Other (Expense) Income | ||
| Commodity derivative (loss) gain, net | (13,824) | 7,419 |
| Interest expense | (2,203) | (1,181) |
| Other income (expense) | 31 | (2) |
| Total other (expense) income | (15,996) | 6,236 |
| (Loss) Before Income Taxes | $(2,917) | $(7,444) |
| Benefit from (Provision for) Income Taxes | 731 | (40,371) |
| Net Loss | $(2,186) | $(47,815) |
| Net income attributable to Predecessor common unit holders | — | 1,832 |
| Net Loss Attributable to Vitesse Energy, Inc. | $(2,186) | $(49,647) |
| Weighted average common shares outstanding–basic and diluted | 29,933,962 | 29,663,644 |
| Net loss per common share | $(0.07) | $(1.67) |
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