Vitesse Energy beats Q3 revenue estimates, but reports net loss

Vitesse Energy

03/11/2025 21:33

Overview

Vitesse Energy beat analysts' expectations for Q3 revenue, but reported net loss of $1.3 mln

Company raised 2025 production and capital expenditure guidance

Production decreased 4% sequentially to 18,163 Boe per day

Outlook

Vitesse raises 2025 production guidance to 17,000 - 17,500 Boe per day from 15,000 - 17,000 Boe per day

Company increases 2025 capital expenditure guidance to $110 - $125 mln from $80 - 110 mln

Vitesse narrows oil percentage of annual production to 65% - 67% from 64% - 68%

Result Drivers

TECHNOLOGICAL ADVANCEMENTS - Co attributes enhanced asset value to improvements in drilling technology, particularly in Bakken region

WELL COMPLETIONS - Successful completion of high working interest wells under budget with production exceeding expectations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$67.44 mln
$65.70 mln (2 Analysts)
Q3 EPS
-$0.03
Q3 Adjusted Net Income
$3.81 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Vitesse Energy Inc is $25.25, about 13.9% above its October 31 closing price of $21.75

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 38 three months ago

Press Release: ID:nBwbS7Py5a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)