Vitesse Energy, Inc.
For the period ended Jun 30, 2025. Filed Aug 4, 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.
Jun 30, 2025 · Filed Aug 4, 2025
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 SIX MONTHS ENDED | ||||
|---|---|---|---|---|
| JUNE 30, | JUNE 30, | |||
| (In thousands, except share data) | 2025 | 2024 | 2025 | 2024 |
| Revenue | ||||
| Oil | $66,611 | $64,127 | $125,535 | $121,491 |
| Natural gas | 15,144 | 2,471 | 22,390 | 6,301 |
| Total revenue | 81,755 | 66,598 | 147,925 | 127,792 |
| Operating Expenses | ||||
| Lease operating expense | 19,629 | 12,272 | 33,484 | 24,063 |
| Production taxes | 6,180 | 5,426 | 11,953 | 11,226 |
| General and administrative | 311 | 4,724 | 12,442 | 10,098 |
| Depletion, depreciation, amortization, and accretion | 34,576 | 25,315 | 61,139 | 48,860 |
| Equity-based compensation | 2,403 | 2,047 | 4,873 | 3,652 |
| Total operating expenses | 63,099 | 49,784 | 123,891 | 97,899 |
| Operating Income | 18,656 | 16,814 | 24,034 | 29,893 |
| Other Income (Expense) | ||||
| Commodity derivative gain (loss), net | 18,451 | 379 | 18,279 | (13,445) |
| Interest expense | (2,539) | (2,585) | (5,443) | (4,788) |
| Other (expense) income | (38) | (2) | 126 | 28 |
| Total other income (expense) | 15,874 | (2,208) | 12,962 | (18,205) |
| Income Before Income Taxes | $34,530 | $14,606 | $36,996 | $11,688 |
| (Provision for) Benefit from Income Taxes | (9,871) | (3,678) | (9,669) | (2,946) |
| Net Income | $24,659 | $10,928 | $27,327 | $8,742 |
| Weighted average common shares – basic | 39,104,962 | 30,046,190 | 36,106,598 | 29,990,077 |
| Weighted average common shares – diluted | 40,967,995 | 33,026,818 | 38,043,765 | 32,984,826 |
| Net income per common share – basic | $0.62 | $0.36 | $0.76 | $0.29 |
| Net income per common share – diluted | $0.60 | $0.33 | $0.72 | $0.27 |
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