Vitesse Energy Reports Q4 2025 Earnings

Highlights include shareholder returns, new acquisition, and updated 2026 guidance

Published on Mar. 4, 2026

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Vitesse Energy (NYSE:VTS) executives reviewed the company's fourth-quarter and full-year 2025 results, highlighting shareholder returns, a new non-operated acquisition, and updated guidance for 2026. The company continued returning capital to shareholders in 2025, distributing $2.25 per share, and its board declared a first-quarter 2026 dividend at an annual rate of $1.75 per share. Vitesse also signed an agreement to acquire non-operated assets in the Powder River Basin of Wyoming, which are expected to be accretive. For 2026, the company guided to production of 16,000 to 17,500 BOE/d and capital expenditures of $50 million to $80 million.

Why it matters

Vitesse Energy's strong financial performance and shareholder returns, along with its strategic acquisition and conservative approach to 2026 planning, demonstrate the company's ability to navigate market volatility and maintain a healthy balance sheet. The Powder River Basin acquisition also represents an opportunity for Vitesse to expand its asset base and production profile.

The details

Vitesse reported full-year 2025 production of 17,444 BOE/d, near the top end of guidance, with a 65% oil cut. The company ended 2025 with 47.8 million BOE of proved reserves, up 19% from 2024, driven primarily by the Lucero acquisition. Adjusted EBITDA for 2025 was $179.3 million, with adjusted net income of $30.4 million. Free cash flow totaled $48.9 million after $121 million in development capital expenditures. At year-end, Vitesse had $124.5 million in total debt, resulting in a net debt to Adjusted EBITDA ratio of 0.69x. For 2026, the company guided to production of 16,000 to 17,500 BOE/d and capital expenditures of $50 million to $80 million, a decrease from 2025 due to reduced operator activity and a focus on the most economic drilling inventory.

  • Vitesse signed a definitive agreement to acquire non-operated assets in the Powder River Basin of Wyoming, effective January 1, 2026.
  • Vitesse expects to close the Powder River Basin acquisition at the beginning of the second quarter of 2026.

The players

Vitesse Energy

An independent exploration and production company primarily focused on onshore oil and gas assets in the United States, headquartered in Calgary, Alberta.

Bob Gerrity

Chairman and CEO of Vitesse Energy.

Brian Cree

President of Vitesse Energy.

Jimmy Henderson

CFO of Vitesse Energy.

Ben Messier

Investor relations director at Vitesse Energy.

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