Vitesse Energy Q2 revenue beats estimates

Vitesse Energy

04/08/2025 21:32

Overview

Vitesse Energy Inc Q2 revenue beats analyst expectations, partly driven by litigation settlement

Adjusted EBITDA for Q2 exceeds estimates

Oil and natural gas production up 27% sequentially, aided by Lucero acquisition

Outlook

Vitesse projects 2025 production at 15,000-17,000 Boe per day

Oil to comprise 64%-68% of 2025 production

2025 capital expenditures expected between $80 mln and $110 mln

Result Drivers

PRODUCTION INCREASE - 27% sequential rise in oil and natural gas production due to Lucero acquisition, boosting output to 18,950 Boe per day

LEGAL SETTLEMENT - $24 mln cash payment from legal dispute resolution with key operator, enhancing financial results

OIL HEDGING - Added oil hedges amid higher prices, supporting dividend strategy, per CEO Bob Gerrity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$81.76 mln
$70.70 mln (3 Analysts)
Q2 EPS
$0.6
Q2 Adjusted Net Income
Beat
$18.40 mln
$9.14 mln (1 Analyst)
Q2 Net Income
$24.66 mln
Q2 Adjusted EBITDA
Beat
$61.10 mln
$42.60 mln (5 Analysts)
Q2 Operating Income
$18.66 mln
Q2 Pretax Profit
$34.53 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $26.00, about 11% above its August 1 closing price of $23.14

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release: ID:nBw250S2Da

(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.)