Vitesse Energy Inc
For the period ended Jun 30, 2024. Filed Aug 5, 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.
Jun 30, 2024 · Filed Aug 5, 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 |
| Net income | — | — | — | — | — | — | 10,928 | 10,928 |
| Issuance of restricted stock units | 131,024 | 1 | — | — | (1) | — | — | — |
| Equity-based compensation | — | — | — | — | 2,047 | — | — | 2,047 |
| Common stock dividends declared | — | — | — | — | (17,186) | — | — | (17,186) |
| Balance—June 30, 2024 | 32,629,594 | $326 | — | $— | $531,013 | $— | $(12,834) | $518,505 |
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, 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 | 1,475,631 | 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 | 32,796,234 | $328 | — | $— | $612,433 | $— | $(49,647) | $563,114 |
| Net income | — | — | — | — | — | — | 9,620 | 9,620 |
| Issuance of restricted stock units | 16,666 | — | — | — | — | — | — | — |
| Equity-based compensation | — | — | — | — | 1,428 | — | — | 1,428 |
| Common stock dividends declared | — | — | — | — | (16,408) | — | — | (16,408) |
| Balance—June 30, 2023 | 32,812,900 | $328 | — | $— | $597,453 | $— | $(40,027) | $557,754 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.