Vitesse Energy Inc
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 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 Operations
Condensed Consolidated Statements of Operations (Unaudited)
| FOR THE THREE MONTHS ENDED · FOR THE NINE MONTHS ENDED | ||||
|---|---|---|---|---|
| SEPTEMBER 30, | SEPTEMBER 30, | |||
| (In thousands, except share data) | 2024 | 2023 | 2024 | 2023 |
| Revenue | ||||
| Oil | $56,181 | $53,293 | $177,672 | $152,512 |
| Natural gas | 2,099 | 1,761 | 8,400 | 12,090 |
| Total revenue | 58,280 | 55,054 | 186,072 | 164,602 |
| Operating Expenses | ||||
| Lease operating expense | 11,622 | 9,985 | 35,685 | 28,384 |
| Production taxes | 5,329 | 5,152 | 16,555 | 15,325 |
| General and administrative | 5,231 | 3,820 | 15,329 | 19,143 |
| Depletion, depreciation, amortization, and accretion | 24,915 | 19,013 | 73,776 | 56,233 |
| Equity-based compensation (Note 10) | 2,202 | 1,146 | 5,853 | 30,545 |
| Total operating expenses | 49,299 | 39,116 | 147,198 | 149,630 |
| Operating Income | 8,981 | 15,938 | 38,874 | 14,972 |
| Other (Expense) Income | ||||
| Commodity derivative gain (loss), net | 17,368 | (17,083) | 3,923 | (4,885) |
| Interest expense | (2,722) | (1,166) | (7,510) | (3,461) |
| Other income | 35 | 49 | 64 | 99 |
| Total other (expense) income | 14,681 | (18,200) | (3,523) | (8,247) |
| Income (Loss) Before Income Taxes | $23,662 | $(2,262) | $35,351 | $6,725 |
| (Provision for) Benefit from Income Taxes | (6,220) | 796 | (9,166) | (46,386) |
| Net Income (Loss) | $17,442 | $(1,466) | $26,185 | $(39,661) |
| Net income attributable to Predecessor common unit holders | — | — | — | 1,832 |
| Net Income (Loss) Attributable to Vitesse Energy, Inc. | $17,442 | $(1,466) | $26,185 | $(41,493) |
| Weighted average common shares outstanding – basic | 30,075,956 | 29,659,763 | 30,018,912 | 29,660,924 |
| Weighted average common shares outstanding – diluted | 32,987,524 | 29,659,763 | 32,887,499 | 29,660,924 |
| Net income (loss) per common share – basic | $0.56 | $(0.05) | $0.87 | $(1.40) |
| Net income (loss) per common share – diluted | $0.53 | $(0.05) | $0.80 | $(1.40) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.