Vitesse Energy reported a net loss of $0.7 million for the fourth quarter of 2025, while revenue fell to $58.6 million, a 3 % sequential decline from the 17,653 barrels‑of‑oil‑equivalent (Boe) per day production level. The company’s realized oil price before hedging was $53.54 per barrel, and 60 % of its oil production was hedged at an average fixed price of $60.03 per barrel, lower than the $63.91 per barrel cited in the original article.
The earnings miss was driven by a $0.02 per share loss, compared with a consensus estimate of $0.10 per share. Margin compression was largely a result of higher cost of sales, which offset the benefit of a modestly higher realized oil price. When compared with the prior quarter, revenue was $71.7 million in Q3 2025 and $59.8 million in Q4 2024, underscoring a downward trend in top‑line growth despite the company’s operational scale.
Vitesse also announced a $35 million all‑stock acquisition of non‑operated assets in Campbell and Converse Counties, Wyoming. The deal adds more than 6,000 net acres and an estimated 1,400 Boe per day of production for 2026, along with 29 undeveloped locations primarily operated by EOG Resources and Continental Resources. Management described the transaction as accretive to earnings, operating cash flow, free cash flow, and net asset value on a per‑share basis.
The company’s 2026 guidance projects production of 16,000 to 17,500 Boe per day and capital spending of $50 million to $80 million, a reduction from the $121 million capex in 2025. The guidance signals a focus on capital‑efficient drilling programs in the Bakken and Powder River Basins, while the board approved a quarterly dividend of $0.4375 per share for the first quarter of 2026.
"Yesterday, we executed a definitive agreement to acquire non‑operated assets in the Powder River Basin, where we have other assets, at an accretive price. Events in the Middle East over the weekend allowed us to hedge the acquisition above our underwritten prices," said Bob Gerrity, Vitesse’s Chairman and CEO. "Last week our Board approved a quarterly dividend of $0.4375 per share in the first quarter of 2026," he added, highlighting the company’s confidence in maintaining dividend support while pursuing growth opportunities under the new operated‑asset strategy.
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