Vitesse Energy, Inc. (VTS) Earnings Call Transcripts

Vitesse Energy, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Vitesse Energy, Inc. (VTS:US) reported production averaging 15,962 barrels of oil equivalent per day, a 7% increase year-over-year, and an adjusted EBITDA of $33.4 million. The company declared a cash dividend at an annualized rate of $1.75 per share, reaffirming its commitment to returning capital to shareholders. Management maintained its guidance, incorporating the recently acquired Powder River Basin assets, which are expected to contribute an average of 1,400 net barrels of oil equivalent per day for the remainder of 2026.

Reported metrics

Guidance from management

Management maintained its guidance for 2026, incorporating the Powder River Basin acquisition. They remain optimistic about the development pace but are cautious about increasing rig counts in the current environment.

What management said

Yes, Jeff, this is Brian. I'll try to handle that one. Look, as we've talked about in the past, a lot of the development that's going on in the Williston right now is really focusing on the 3-mile and 4-mile development and where those development areas seem to be trending toward is just areas of the field where Vitesse has a larger acreage position. So I think that's what we're seeing. Obviously, it can always ebb a...

We've been very opportunistic about putting hedges on as you can see in our press release last night. We've just very methodically added hedges every since conflict in Iran started. Tried to maintain enough dry powder to keep adding to our position in a way that's supportive of our dividend and gives us the ability to add more as we go. It's very opportunistic, but very methodical at the same time.

What analysts pressed on

Analysts expressed concerns about the potential for service cost inflation in the back half of the year and how it might impact capital expenditures. There were also questions regarding the pace of acquisitions and how the company plans to navigate the current market dynamics.

Main topics on the call

• Leadership Transition — Jamie Benard has officially taken over as CEO, emphasizing continuity and commitment to the existing strategy. He stated, "This isn't about coming in to change direction. It's about leaning into a strategy that works."
• Dividend Commitment — The Board declared a second quarter cash dividend at an annualized rate of $1.75 per share, reaffirming the company's commitment to returning capital to shareholders. Management indicated that the dividend level is set a...
• Production Growth — Production for Q1 2026 averaged 15,962 BOE per day, exceeding internal expectations. This growth does not yet include contributions from the Powder River Basin acquisition, which is expected to add 1,400 net BOE per day ...
• Hedging Strategy — Vitesse has hedged approximately 73% of its oil production for 2026 at a weighted average floor of $64.68 per barrel. This strategy is designed to support the dividend amidst market volatility, with management stating th...

Read the full Vitesse Energy, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 15 Vitesse Energy, Inc. earnings call transcripts on record, spanning February 14, 2023 to August 4, 2026. Based on this history, Vitesse Energy, Inc. reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VTS

Exchange

NYSE

Country

US

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

15

First call

February 14, 2023

Most recent

August 4, 2026

Reporting cadence

quarterly