A Business at a Glance
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Items 1 and 2. Business and Properties We are an independent energy company focused on returning capital to stockholders through owning interests, predominantly as a non-operator, in oil and natural gas wells. We primarily engage in the acquisition, development and production of non-operated oil and natural gas properties in the United States that are generally operated by leading oil companies and are primarily in the Williston Basin of North Dakota and Montana, and we have limited operations in the Williston Basin through the Lucero Acquisition which we closed on March 7, 2025 in an all-stock transaction. We also have non-operated properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. Since our inception, we have built a strong and diversified asset base through a combination of property acquisitions, development activities and the implementation of proprietary platforms and processes utilizing our extensive data resources.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 274M | 274M | 242M | 234M | 282M | 168M |
| Net Income | 25M | 25M | 21M | -20M | 116M | 18M |
| EPS | $0.64 | $0.64 | $0.64 | $-0.73 | $0.26 | $0.04 |
| Free Cash Flow | 145M | 145M | 77M | 96M | 126M | 72M |
| ROIC | 1.4% | 1.5% | 4.1% | 3.0% | 24.4% | 9.8% |
| Gross Margin | 15.1% | 15.1% | 25.7% | 30.5% | - | - |
| Debt/Equity | 0.40 | 0.40 | 0.47 | 0.30 | 0.17 | 0.28 |
| Dividends/Share | $2.33 | $2.25 | $2.08 | $2.00 | $0.08 | $0.03 |
| Operating Income | 17M | 17M | 41M | 35M | 154M | 54M |
| Operating Margin | 6.3% | 6.3% | 16.9% | 14.9% | 54.6% | 32.1% |
| ROE | 4.0% | 4.5% | 4.2% | -3.6% | 22.2% | 3.6% |
| Shares Outstanding | 39M | 39M | 33M | 27M | 446M | 441M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 97M | 168M | 282M | 234M | 242M | 274M | 274M |
| Gross Margin | N/A | N/A | N/A | 30.5% | 25.7% | 15.1% | 15.1% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 9.2M | 11M | 20M | 24M | 24M | 24M | 24M |
| EBIT | -34M | 54M | 154M | 35M | 41M | 17M | 17M |
| Op. Margin | -34.8% | 32.1% | 54.6% | 14.9% | 16.9% | 6.3% | 6.3% |
| Net Income | -8.9M | 18M | 116M | -20M | 21M | 25M | 25M |
| Net Margin | -9.1% | 10.5% | 41.1% | -8.4% | 8.7% | 9.2% | 9.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | -1.8% | 9.8% | 24.4% | 3.0% | 4.1% | 1.5% | 1.4% |
| ROE | -1.8% | 3.6% | 22.2% | -3.6% | 4.2% | 4.5% | 4.0% |
| ROA | N/A | 5.8% | 18.2% | -2.6% | 2.6% | 3.0% | 2.8% |
| Cash Flow | |||||||
| Op. Cash Flow | 76M | 87M | 147M | 142M | 155M | 170M | 170M |
| Free Cash Flow | 61M | 72M | 126M | 96M | 77M | 145M | 145M |
| Owner Earnings | 17M | -229M | -247M | 28M | 47M | 31M | 31M |
| CapEx | 16M | 15M | 21M | 46M | 78M | 25M | 25M |
| Maint. CapEx | 58M | 314M | 383M | 82M | 100M | 129M | 129M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 58M | 314M | 383M | 82M | 100M | 129M | 129M |
| CapEx/OCF | N/A | N/A | N/A | 32.6% | 50.1% | 14.9% | 14.9% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 12M | 36M | 58M | 64M | 92M | 92M |
| Dividend Yield | N/A | N/A | N/A | 12.7% | 9.2% | 10.6% | 12.5% |
| Share Buybacks | 0 | 0 | 0 | 248K | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% | N/A | N/A | 0.0% |
| Stock-Based Comp | 544K | 1.4M | 11M | 32M | 8.1M | 10M | 10M |
| Debt Repayment | 28K | 87K | 36M | 26M | 22M | 66M | 66M |
| Balance Sheet | |||||||
| Net Debt | N/A | 131M | 86M | 161M | 228M | 246M | 248M |
| Cash & Equiv. | 1.7M | 5.4M | 10M | 552K | 3.0M | 1.3M | 1.3M |
| Long-Term Debt | N/A | 68M | 48M | 81M | 117M | 125M | 125M |
| Debt/Equity | -0.00 | 0.28 | 0.17 | 0.30 | 0.47 | 0.40 | 0.40 |
| Interest Coverage | -7.2 | 16.8 | 37.0 | 6.6 | 4.1 | 1.7 | 1.7 |
| Equity | 490M | 480M | 564M | 546M | 500M | 629M | 629M |
| Total Assets | -25K | 612M | 660M | 766M | 811M | 893M | 893M |
| Total Liabilities | -548K | 126M | 92M | 220M | 311M | 264M | 264M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | N/A | -22M | -5.1M | -2.1M | -2.1M |
| Working Capital | N/A | -4.2M | 18M | -2.1M | -49M | 916K | 916K |
| Current Assets | N/A | 36M | 54M | 58M | 51M | 52M | 52M |
| Current Liabilities | N/A | 40M | 37M | 60M | 100M | 51M | 51M |
| Per Share Data | |||||||
| EPS | -0.02 | 0.04 | 0.26 | -0.73 | 0.64 | 0.64 | 0.64 |
| Owner EPS | 0.04 | -0.52 | -0.55 | 1.03 | 1.42 | 0.78 | 0.78 |
| Book Value | 1.11 | 1.09 | 1.27 | 20.20 | 15.20 | 15.93 | 15.93 |
| Cash Flow/Share | 0.17 | 0.20 | 0.33 | 5.25 | 4.71 | 4.31 | 3.92 |
| Dividends/Share | N/A | 0.03 | 0.08 | 2.00 | 2.08 | 2.25 | 2.33 |
| Shares Out. | 442.9M | 441.4M | 445.8M | 27.0M | 32.9M | 39.5M | 39.5M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 34.8 | 29.8 | 29.1 |
| P/FCF | N/A | N/A | N/A | 5.3 | 9.5 | 5.2 | 5.1 |
| EV/EBIT | N/A | N/A | N/A | 19.0 | 23.5 | 58.4 | 57.4 |
| Price/Book | N/A | N/A | N/A | 0.9 | 1.5 | 1.2 | 1.2 |
| Price/Sales | N/A | N/A | N/A | 2.0 | 2.8 | 3.2 | 2.7 |
| FCF Yield | N/A | N/A | N/A | 19.0% | 10.5% | 19.2% | 19.7% |
| Market Cap | N/A | N/A | N/A | 502M | 733M | 754M | 736M |
| Avg. Price | N/A | N/A | N/A | 16.94 | 20.92 | 22.07 | 18.64 |
| Year-End Price | N/A | N/A | N/A | 18.58 | 22.28 | 19.09 | 18.64 |
Vitesse Energy, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Vitesse Energy, Inc. trades at 29.1x trailing earnings, compared to its 15-year median P/E of 32.3x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 5.1x vs a median of 5.3x. The company's 5-year average ROIC is 8.6% with a gross margin of 23.8%. Total shareholder yield (dividends) is 12.5%. At current prices, the estimated annualized return to fair value is +30.9%.
Vitesse Energy, Inc. (VTS) has a current P/E ratio of 29.1, compared to its historical median P/E of 32.3. The stock is currently considered Cheap based on its historical valuation range.
Vitesse Energy, Inc. (VTS) has a 5-year average return on invested capital (ROIC) of 8.6%. This is below average and may indicate limited pricing power.
Vitesse Energy, Inc. (VTS) has a market capitalization of $736M. It is classified as a small-cap stock.
Yes, Vitesse Energy, Inc. (VTS) pays a dividend with a trailing twelve-month yield of 12.51%.
Based on historical P/E analysis, Vitesse Energy, Inc. (VTS) appears cheap. The current P/E of 29.1 is 10% below its historical median of 32.3. The estimated fair value CAGR (P/E method) is 79.6%.
Vitesse Energy, Inc. (VTS) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
Vitesse Energy, Inc. (VTS) reported annual revenue of $274 million in its most recent fiscal year, based on SEC EDGAR filings.
Vitesse Energy, Inc. (VTS) has a net profit margin of 9.2%. This is a modest margin.
Vitesse Energy, Inc. (VTS) generated $145 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Vitesse Energy, Inc. (VTS) has a debt-to-equity ratio of 0.40. This indicates a conservatively financed balance sheet.
Vitesse Energy, Inc. (VTS) reported earnings per share (EPS) of $0.64 in its most recent fiscal year.
Vitesse Energy, Inc. (VTS) has a return on equity (ROE) of 4.5%. This indicates moderate shareholder returns.
Vitesse Energy, Inc. (VTS) has a 5-year average gross margin of 23.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 6 years of financial data for Vitesse Energy, Inc. (VTS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Vitesse Energy, Inc. (VTS) has a book value per share of $15.93, based on its most recent annual SEC filing.