Vitesse Energy, Inc.
For the period ended Mar 31, 2025. Filed May 5, 2025.
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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, 2025 · Filed May 5, 2025
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 Financial Statements (Unaudited)Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
| MARCH 31, | DECEMBER 31, | |
|---|---|---|
| (in thousands, except shares) | 2025 | 2024 |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $4,495 | $2,967 |
| Revenue receivable | 56,632 | 39,788 |
| Commodity derivatives | 2,861 | 3,842 |
| Prepaid expenses and other current assets | 6,460 | 4,314 |
| Total current assets | 70,448 | 50,911 |
| Oil and Gas Properties-Using the successful efforts method of accounting | ||
| Proved oil and gas properties | 1,485,193 | 1,315,566 |
| Less accumulated DD&A and impairment | (589,949) | (563,590) |
| Total oil and gas properties | 895,244 | 751,976 |
| Other Property and Equipment—Net | 167 | 182 |
| Other Assets | ||
| Commodity derivatives | 1,721 | 284 |
| Other noncurrent assets | 7,656 | 7,540 |
| Total other assets | 9,377 | 7,824 |
| Total assets | $975,236 | $810,893 |
| Liabilities and Equity | ||
| Current Liabilities | ||
| Accounts payable | $35,265 | $34,316 |
| Accrued liabilities | 59,654 | 65,714 |
| Commodity derivatives | 1,607 | 299 |
| Other current liabilities | 89 | — |
| Total current liabilities | 96,615 | 100,329 |
| Long-term Liabilities | ||
| Revolving credit facility | 117,000 | 117,000 |
| Deferred tax liability | 72,540 | 72,001 |
| Asset retirement obligations | 12,915 | 9,652 |
| Commodity derivatives | 254 | 94 |
| Other noncurrent liabilities | 8,222 | 11,483 |
| Total liabilities | $307,546 | $310,559 |
| Commitments and Contingencies (Note 9) | ||
| Equity | ||
| Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at March 31, 2025 and December 31, 2024, respectively | — | — |
| Common stock, $0.01 par value, 95,000,000 shares authorized; 40,625,638 and 32,650,889 shares issued at March 31, 2025 and December 31, 2024, respectively | 406 | 326 |
| Additional paid-in capital | 669,741 | 505,133 |
| Accumulated deficit | (2,457) | (5,125) |
| Total equity | 667,690 | 500,334 |
| Total liabilities and equity | $975,236 | $810,893 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.