Vitesse Energy posts net loss in Q1

Vitesse Energy

04/05/2026 21:21

Overview

U.S. oil and gas interest holder's Q1 revenue rose 2% yr/yr

Company posted GAAP net loss on derivative losses; adjusted net loss was $0.3 mln

In April, company closed previously announced Powder River Basin asset acquisition

Outlook

Vitesse sees 2026 annual production at 16,000-17,500 Boe per day

Company expects oil to comprise 60%-64% of 2026 annual production

Vitesse forecasts 2026 cash capital expenditures of $50 mln to $80 mln

Result Drivers

DERIVATIVE LOSSES - Large non-cash unrealized loss on commodity derivatives drove GAAP net loss

PRODUCTION GROWTH - Q1 production rose 7% yr/yr to 15,962 Boe/d, slightly above internal expectations

SEVERANCE COSTS - General and administrative expenses included $2.4 mln in severance benefits

Company press release: ID:nBwc3cbWVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$67.41 mln
$63.75 mln (2 Analysts)
Q1 EPS
-$1.05
Q1 Adjusted Net Income
-$300,000


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 $22.50, about 19.9% above its May 1 closing price of $18.77

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 50 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)