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.
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Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
| FOR THE THREE MONTHS ENDED · FOR THE SIX MONTHS ENDED | ||||
|---|---|---|---|---|
| JUNE 30, | JUNE 30, | |||
| (In thousands, except share data) | 2024 | 2023 | 2024 | 2023 |
| Revenue | ||||
| Oil | $64,127 | $48,733 | $121,491 | $99,219 |
| Natural gas | 2,471 | 2,855 | 6,301 | 10,330 |
| Total revenue | 66,598 | 51,588 | 127,792 | 109,549 |
| Operating Expenses | ||||
| Lease operating expense | 12,272 | 9,316 | 24,063 | 18,397 |
| Production taxes | 5,426 | 4,919 | 11,226 | 10,174 |
| General and administrative | 4,724 | 4,461 | 10,098 | 15,323 |
| Depletion, depreciation, amortization, and accretion | 25,315 | 18,748 | 48,860 | 37,220 |
| Equity-based compensation (Note 10) | 2,047 | 1,428 | 3,652 | 29,400 |
| Total operating expenses | 49,784 | 38,872 | 97,899 | 110,514 |
| Operating Income (Loss) | 16,814 | 12,716 | 29,893 | (965) |
| Other (Expense) Income | ||||
| Commodity derivative gain (loss), net | 379 | 4,779 | (13,445) | 12,198 |
| Interest expense | (2,585) | (1,115) | (4,788) | (2,295) |
| Other (expense) income | (2) | 52 | 28 | 50 |
| Total other (expense) income | (2,208) | 3,716 | (18,205) | 9,953 |
| Income Before Income Taxes | $14,606 | $16,432 | $11,688 | $8,988 |
| (Provision for) Benefit from Income Taxes | (3,678) | (6,812) | (2,946) | (47,183) |
| Net Income (Loss) | $10,928 | $9,620 | $8,742 | $(38,195) |
| Net income attributable to Predecessor common unit holders | — | — | — | 1,832 |
| Net Income (Loss) Attributable to Vitesse Energy, Inc. | $10,928 | $9,620 | $8,742 | $(40,027) |
| Weighted average common shares outstanding – basic | 30,046,190 | 29,659,771 | 29,990,077 | 29,661,556 |
| Weighted average common shares outstanding – diluted | 33,026,818 | 33,077,824 | 32,984,826 | 29,661,556 |
| Net income (loss) per common share – basic | $0.36 | $0.29 | $0.29 | $(1.35) |
| Net income (loss) per common share – diluted | $0.33 | $0.29 | $0.27 | $(1.35) |
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