VTS · Vitesse Energy, Inc.
Vitesse Energy, Inc., together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. The company acquires and owns non-operated working interest and royalty interest ownership in the Williston Basin properties covering 53,301 net acres located in North Dakota and Montana. It also owns non-operated interests in the Central Rockies properties located in Colorado and Wyoming. The company was founded in 2014 and is based in Greenwood Village, Colorado.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $15.51 |
| SO | 41.7M |
| Options | 0.5M |
| Warrants | 0.0M |
| FD SO | 42.2M |
| MC | $653.9M |
| Cash | $3.2M |
| Total debt | $144.5M |
| EV | $795.2M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 2.8x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 53.7% |
| Insiders | 18.1% |
| # Institutions | 319 |
| Analysts | 4 |
| Consensus | — |
| Avg target | $23.75 |
| Short % float | 19.7% |
| Days to cover | 10.71 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-01. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Total Revenue | 91.00 | 67.41 | 58.62 | 67.44 |
| Revenue YoY % | 11.3% | 1.9% | 4.8% | 15.7% |
| Gross Profit | 27.03 | 14.50 | — | 5.85 |
| Gross Profit YoY % | 42.5% | (17.2%) | — | (58.8%) |
| Gross Margin % | 29.7% | 21.5% | — | 8.7% |
| SG&A | 6.15 | 8.59 | 6.13 | 5.74 |
| Operating Income | 20.88 | 5.91 | (7.01) | 0.11 |
| Operating Income YoY % | 11.9% | 9.9% | (434.5%) | (98.8%) |
| Operating Margin % | 22.9% | 8.8% | (12.0%) | 0.2% |
| Interest Expense | 3.02 | 2.62 | 2.38 | 2.38 |
| Other Income / (Expense) | 22.00 | (55.04) | 9.04 | 0.71 |
| Pretax Income | 39.86 | (51.74) | (0.36) | (1.56) |
| Tax Provision | 6.78 | (9.46) | 0.38 | (0.25) |
| Net Income | 33.08 | (42.28) | (0.74) | (1.31) |
| Net Margin % | 36.4% | (62.7%) | (1.3%) | (1.9%) |
| Diluted EPS | $0.77 | -$1.05 | -$0.03 | -$0.03 |
| Basic EPS | $0.79 | -$1.05 | -$0.03 | -$0.03 |
| Diluted Avg Shares | 42.9 | 40.1 | — | 39.1 |
| Basic Avg Shares | 42.0 | 40.1 | — | 39.1 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 284.48 | 273.99 | 242.00 | 233.91 | 281.89 |
| Revenue YoY % | 3.8% | 13.2% | 3.5% | (17.0%) | — |
| Gross Profit | 46.49 | 41.44 | 64.48 | 58.79 | 173.70 |
| Gross Profit YoY % | 12.2% | (35.7%) | 9.7% | (66.2%) | — |
| Gross Margin % | 16.3% | 15.1% | 26.6% | 25.1% | 61.6% |
| SG&A | 26.61 | 24.31 | 23.51 | 23.93 | 19.83 |
| Operating Income | 19.88 | 17.13 | 40.97 | 34.85 | 153.87 |
| Operating Income YoY % | 16.1% | (58.2%) | 17.6% | (77.3%) | — |
| Operating Margin % | 7.0% | 6.3% | 16.9% | 14.9% | 54.6% |
| Interest Expense | 10.40 | 10.21 | 9.98 | 5.28 | 4.15 |
| Other Income / (Expense) | (23.29) | 28.15 | (2.26) | 12.62 | (30.81) |
| Pretax Income | (13.81) | 35.08 | 28.73 | 42.20 | 118.90 |
| Tax Provision | (2.56) | 9.80 | 7.67 | 61.95 | 0.00 |
| Net Income | (11.25) | 25.28 | 21.06 | (19.74) | 118.90 |
| Net Margin % | (4.0%) | 9.2% | 8.7% | (8.4%) | 42.2% |
| Diluted EPS | -$0.34 | $0.64 | $0.64 | -$0.73 | $0.26 |
| Basic EPS | -$0.32 | $0.67 | $0.70 | -$0.73 | $0.26 |
| Diluted Avg Shares | 42.9 | 39.6 | 32.9 | 29.6 | 438.6 |
| Basic Avg Shares | 42.0 | 37.6 | 30.0 | 29.6 | 438.6 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 0.88 | 3.18 | 1.33 | 5.57 |
| Receivables | 52.43 | 41.34 | 30.62 | 34.83 |
| Other Current Assets | 5.04 | 4.21 | 20.22 | 16.64 |
| Total Current Assets | 58.35 | 48.73 | 52.17 | 57.04 |
| Net PPE | 849.64 | 826.10 | 833.93 | 867.49 |
| Operating Lease ROU | — | — | 4.10 | — |
| Other Assets | 15.65 | 7.76 | — | 8.39 |
| Total Assets | 923.65 | 882.59 | 893.35 | 932.92 |
| Accounts Payable | 11.83 | 15.78 | 11.80 | 20.09 |
| Other Current Liabilities | 43.38 | 71.22 | 39.45 | 46.70 |
| Total Current Liabilities | 55.22 | 87.00 | 51.25 | 66.78 |
| Other Liabilities | 244.51 | 225.14 | 212.78 | 215.88 |
| Total Liabilities | 299.72 | 312.14 | 264.03 | 282.67 |
| Retained Earnings | (11.25) | (44.33) | (2.05) | (1.31) |
| Total Equity | 623.92 | 570.45 | 629.32 | 650.25 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 0.88 | 1.33 | 2.97 | 0.55 | 10.01 |
| Receivables | 52.43 | 30.62 | 39.79 | 44.91 | 41.39 |
| Other Current Assets | 5.04 | 20.22 | 8.16 | 12.88 | 2.95 |
| Total Current Assets | 58.35 | 52.17 | 50.91 | 58.35 | 54.35 |
| Net PPE | 849.64 | 833.93 | 751.98 | 704.34 | 602.78 |
| Operating Lease ROU | — | 4.10 | 4.40 | 0.20 | 0.20 |
| Other Assets | 15.65 | — | — | — | — |
| Total Assets | 923.65 | 893.35 | 810.89 | 765.97 | 660.48 |
| Accounts Payable | 11.83 | 11.80 | 34.32 | 27.69 | 7.21 |
| Other Current Liabilities | 43.38 | 39.45 | 66.01 | 32.71 | 29.47 |
| Total Current Liabilities | 55.22 | 51.25 | 100.33 | 60.40 | 36.68 |
| Other Liabilities | 244.51 | 212.78 | 210.23 | 159.16 | 54.82 |
| Total Liabilities | 299.72 | 264.03 | 310.56 | 219.56 | 91.50 |
| Mezzanine Equity | — | — | — | — | 4.56 |
| Retained Earnings | (11.25) | (2.05) | (5.12) | (21.58) | — |
| Total Equity | 623.92 | 629.32 | 500.33 | 546.41 | 564.42 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Net Income | 33.08 | (42.28) | (0.74) | (1.31) |
| Stock-Based Comp | 2.73 | 0.72 | 2.69 | 2.68 |
| Δ Working Cap & Other | (10.37) | 65.58 | 35.49 | 48.03 |
| Operating Cash Flow | 25.44 | 24.02 | 37.44 | 49.40 |
| Other Investing | (20.70) | (18.69) | (29.76) | (31.79) |
| Investing Cash Flow | (20.70) | (18.69) | (29.76) | (31.79) |
| Dividends Paid | (20.65) | (23.48) | (22.29) | (22.01) |
| Other Financing | 13.61 | 20.00 | 10.37 | 8.00 |
| Financing Cash Flow | (7.04) | (3.48) | (11.93) | (14.01) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (11.25) | 25.28 | 21.06 | (19.74) | 118.90 |
| Stock-Based Comp | 8.83 | 10.25 | 8.11 | 32.23 | (10.77) |
| Δ Working Cap & Other | 138.73 | 134.83 | 125.83 | 129.45 | 38.90 |
| Operating Cash Flow | 136.31 | 170.35 | 155.00 | 141.94 | 147.04 |
| Other Investing | (100.93) | (127.66) | (115.32) | (120.67) | (84.58) |
| Investing Cash Flow | (100.93) | (127.66) | (115.32) | (120.67) | (84.58) |
| Stock Buyback | — | 0.00 | 0.00 | (0.25) | 0.00 |
| Dividends Paid | (88.43) | (92.13) | (63.56) | (58.00) | (36.00) |
| Other Financing | 51.97 | 47.81 | 26.29 | 27.52 | (21.81) |
| Financing Cash Flow | (36.46) | (44.33) | (37.27) | (30.73) | (57.81) |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Current Ratio | 1.06 | 0.56 | 1.02 | 0.85 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | — | — | — | — |
| EBITDA Margin % | — | — | — | — |
| Working Capital | 3.14 | (38.27) | 0.92 | (9.74) |
| Net Debt | — | — | — | — |
| ROE % | 5.3% | (7.4%) | (0.1%) | (0.2%) |
| ROA % | 3.6% | (4.8%) | (0.1%) | (0.1%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 1.06 | 1.02 | 0.51 | 0.97 | 1.48 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | — | — | — | — | — |
| EBITDA Margin % | — | — | — | — | — |
| Working Capital | 3.14 | 0.92 | (49.42) | (2.06) | 17.67 |
| Net Debt | — | — | — | — | — |
| ROE % | (1.8%) | 4.0% | 4.2% | (3.6%) | 21.1% |
| ROA % | (1.2%) | 2.8% | 2.6% | (2.6%) | 18.0% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-17 | STEINBERG JOSEPH S | Director | 2026-06-15 | P | 40,882 | $16.16 | $660,530 |
| 2026-06-08 | O Leary Dan | Director | 2026-06-05 | A | 7,066 | — | $0 |
| 2026-06-08 | STEIN RANDY I | Director | 2026-06-05 | A | 7,066 | — | $0 |
| 2026-06-08 | Osborn Cathleen M | Director | 2026-06-05 | A | 7,066 | — | $0 |
| 2026-06-08 | Adamany Linda | Director | 2026-06-05 | A | 7,066 | — | $0 |
| 2026-06-08 | STEINBERG JOSEPH S | Director | 2026-06-05 | A | 7,066 | — | $0 |
| 2026-06-08 | FRIEDMAN BRIAN P | Director | 2026-06-05 | A | 7,066 | — | $0 |
| 2026-06-01 | STEINBERG JOSEPH S | Director | 2026-05-28 | P | 59,118 | $17.00 | $1,005,006 |
| 2026-05-05 | Henderson James P | Officer (Chief Financial Officer) | 2026-05-01 | A | 26,273 | — | $0 |
| 2026-05-05 | BENARD JAMIE BRETT | Director, Officer (CEO & PRESIDENT) | 2026-05-01 | A | 87,576 | — | $0 |
| 2026-04-01 | O Leary Dan | Director | 2026-03-31 | P | 10,000 | $18.56 | $185,600 |
| 2026-04-01 | Cree Brian | Officer (President & Interim CEO) | 2026-03-31 | S | (50,000) | $18.51 | -$925,500 |
| 2026-04-01 | Henderson James P | Officer (Chief Financial Officer) | 2026-03-31 | P | 5,000 | $18.67 | $93,350 |
| 2026-04-01 | Cree Brian | Officer (President & Interim CEO) | 2026-03-30 | S | (70,142) | $18.65 | -$1,308,148 |
| 2026-04-01 | Henderson James P | Officer (Chief Financial Officer) | 2026-03-30 | P | 5,000 | $18.71 | $93,550 |
| 2026-04-01 | Cree Brian | Officer (President & Interim CEO) | 2026-03-26 | A | 54,166 | — | $0 |
| 2026-02-26 | Henderson James P | Officer (Chief Financial Officer) | 2026-02-24 | S | (2,366) | $22.31 | -$52,788 |
| 2026-02-26 | Cree Brian | Officer (President) | 2026-02-24 | S | (5,282) | $22.33 | -$117,936 |
| 2026-02-26 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2026-02-24 | S | (9,951) | $22.35 | -$222,405 |
| 2026-01-21 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2026-01-21 | S | (36,785) | $19.66 | -$723,377 |
| 2026-01-21 | Cree Brian | Officer (President) | 2026-01-21 | S | (1,440) | $19.69 | -$28,355 |
| 2026-01-21 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2026-01-20 | S | (45,463) | $19.29 | -$877,118 |
| 2026-01-21 | Cree Brian | Officer (President) | 2026-01-20 | S | (18,000) | $19.33 | -$347,886 |
| 2026-01-21 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2026-01-16 | S | (31,460) | $19.39 | -$610,009 |
| 2026-01-21 | Cree Brian | Officer (President) | 2026-01-16 | S | (19,824) | $19.37 | -$384,050 |
| 2026-01-16 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2026-01-15 | S | (28,994) | $19.83 | -$574,922 |
| 2026-01-16 | Cree Brian | Officer (President) | 2026-01-15 | S | (16,190) | $19.82 | -$320,902 |
| 2026-01-16 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2026-01-14 | S | (90,737) | $20.14 | -$1,827,534 |
| 2026-01-16 | Cree Brian | Officer (President) | 2026-01-14 | S | (43,216) | $20.12 | -$869,333 |
| 2026-01-16 | SABOL MICHAEL | Officer (VP - SEC and Financial Rprtng) | 2026-01-14 | S | (4,497) | $20.14 | -$90,561 |
| 2026-01-16 | Morella Mike | Officer (VP - Chief Accounting Officer) | 2026-01-14 | S | (5,202) | $20.13 | -$104,711 |
| 2026-01-14 | Morella Mike | Officer (VP - Chief Accounting Officer) | 2026-01-13 | A | 6,000 | — | $0 |
| 2026-01-14 | SABOL MICHAEL | Officer (VP - SEC and Financial Rprtng) | 2026-01-13 | A | 6,000 | — | $0 |
| 2025-09-03 | Henderson James P | Officer (Chief Financial Officer) | 2025-09-02 | S | (23,515) | $26.44 | -$621,666 |
| 2025-06-10 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2025-06-09 | P | 10,000 | $23.29 | $232,900 |
| 2025-05-02 | STEINBERG JOSEPH S | Director | 2025-05-01 | A | 5,952 | — | $0 |
| 2025-05-02 | STEIN RANDY I | Director | 2025-05-01 | A | 5,952 | — | $0 |
| 2025-05-02 | Osborn Cathleen M | Director | 2025-05-01 | A | 5,952 | — | $0 |
| 2025-05-02 | O Leary Dan | Director | 2025-05-01 | A | 5,952 | — | $0 |
| 2025-05-02 | FRIEDMAN BRIAN P | Director | 2025-05-01 | A | 5,952 | — | $0 |
| 2025-05-02 | Chernoff Michael Bruce | Director | 2025-05-01 | A | 5,952 | — | $0 |
| 2025-05-02 | Adamany Linda | Director | 2025-05-01 | A | 5,952 | — | $0 |
| 2025-03-19 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2025-03-18 | G | (321,862) | — | $-0 |
| 2025-03-19 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2025-03-18 | G | 321,862 | — | $0 |
| 2025-03-11 | Chernoff Michael Bruce | Director | 2025-03-10 | A | 760 | — | $0 |
| 2025-03-11 | Chernoff Michael Bruce | Director | 2025-03-07 | A | 2,523 | — | $0 |
| 2025-03-11 | Chernoff Michael Bruce | Director | 2025-03-07 | A | 1,487,944 | — | $0 |
| 2025-03-11 | Chernoff Michael Bruce | Director | 2025-03-07 | A | 211,686 | — | $0 |
| 2025-03-11 | Chernoff Michael Bruce | Director | 2025-03-07 | A | 409 | — | $0 |
| 2025-03-06 | Regan Michael Scott | Officer (General Counsel and Secretary) | 2025-03-05 | A | 3,760 | — | $0 |
| 2025-03-06 | Henderson James P | Officer (Chief Financial Officer) | 2025-03-05 | A | 11,280 | — | $0 |
| 2025-03-06 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2025-03-05 | A | 30,078 | — | $0 |
| 2025-03-06 | Cree Brian | Officer (President) | 2025-03-05 | A | 18,047 | — | $0 |
| 2025-02-25 | Cree Brian | Officer (President) | 2025-02-23 | F | (2,635) | $26.32 | -$69,353 |
| 2025-02-25 | Henderson James P | Officer (Chief Financial Officer) | 2025-02-23 | F | (1,276) | $26.32 | -$33,584 |
| 2025-02-25 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2025-02-23 | F | (5,547) | $26.32 | -$145,997 |
| 2025-01-15 | SABOL MICHAEL | Officer (VP - SEC and Financial Rprtng) | 2025-01-14 | S | (6,714) | $26.70 | -$179,233 |
| 2025-01-15 | Morella Mike | Officer (VP - Chief Accounting Officer) | 2025-01-14 | S | (8,143) | $26.69 | -$217,372 |
| 2025-01-14 | SABOL MICHAEL | Officer (VP - SEC and Financial Rprtng) | 2025-01-13 | A | 6,000 | — | $0 |
| 2025-01-14 | Morella Mike | Officer (VP - Chief Accounting Officer) | 2025-01-13 | A | 6,000 | — | $0 |
| 2025-01-14 | Cree Brian | Officer (President) | 2025-01-13 | F | (100,529) | $26.53 | -$2,667,034 |
| 2025-01-14 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2025-01-13 | F | (235,268) | $26.53 | -$6,241,660 |
| 2024-12-18 | FRIEDMAN BRIAN P | Director | 2024-12-17 | D | (3,398) | — | $-0 |
| 2024-09-16 | Gerrity Robert W | Director, Officer (Chief Executive Officer) | 2024-09-13 | P | 10,000 | $24.73 | $247,300 |
| 2024-09-05 | Henderson James P | Officer (Chief Financial Officer) | 2024-09-03 | F | (21,229) | $25.86 | -$548,982 |
| 2024-08-20 | Regan Michael Scott | Officer (General Counsel and Secretary) | 2024-08-19 | A | 50,000 | — | $0 |