Vitesse Energy Inc (VTS) financial statements: income statement, balance sheet and cash flow
Vitesse Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Vitesse Energy Inc reported revenue of $274.0M (+13.2% year on year) and net income of $25.3M (+20.0% year on year).
Income statement
Vitesse Energy Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$274.0M
$242.0M
$233.9M
$300.1M
Lease operating expense
$69.5M
$47.6M
$39.5M
$49.3M
Production taxes
$23.4M
$21.5M
$21.6M
$24.1M
General and administrative
$24.3M
$23.5M
$23.9M
$19.8M
Depletion, depreciation, amortization, and accretion
$129.4M
$100.3M
$81.7M
$63.7M
Equity-based compensation
$10.2M
$8.1M
$32.2M
($10.8M)
Total operating expenses
$256.9M
$201.0M
$199.1M
$146.2M
Operating Income
$17.1M
$41.0M
$34.9M
$153.9M
Commodity derivative gain (loss), net
$27.9M
($2.3M)
$12.5M
($30.8M)
Interest expense
($10.2M)
($10.0M)
($5.3M)
($4.2M)
Other income
$221.0K
$89.0K
$140.0K
$20.0K
Total other (expense) income
$17.9M
($12.2M)
$7.3M
($35.0M)
Income Before Income Taxes
$35.1M
$28.7M
$42.2M
—
(Provision for) Benefit from Income Taxes
($9.8M)
($7.7M)
($61.9M)
—
Net Income (Loss)
$25.3M
$21.1M
($19.7M)
$118.9M
Net income attributable to Predecessor common unit holders
$0
$0
$1.8M
—
Net Income (Loss) Attributable to Vitesse Energy, Inc.
$25.3M
$21.1M
($21.6M)
—
Weighted average common shares – basic (in shares)
37.6M
30.0M
29.6M
—
Weighted average common shares – diluted (in shares)
39.6M
32.9M
29.6M
—
Net income (loss) per common share – basic (in USD per share)
$0.67
$0.70
-$0.73
$0.26
Net income (loss) per common share – diluted (in USD per share)
$0.64
$0.64
-$0.73
$0.26
Vitesse Energy Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$91.0M
$67.4M
$67.4M
$81.8M
Lease operating expense
$18.0M
$15.3M
$18.5M
$19.6M
Production taxes
$8.5M
$5.7M
$6.2M
$6.2M
General and administrative
$6.2M
$8.6M
$5.7M
$311.0K
Depletion, depreciation, amortization, and accretion
$34.8M
$31.2M
$34.2M
$34.6M
Equity-based compensation
$2.7M
$725.0K
$2.7M
$2.4M
Total operating expenses
$70.1M
$61.5M
$67.3M
$63.1M
Operating Income
$20.9M
$5.9M
$108.0K
$18.7M
Commodity derivative gain (loss), net
$22.0M
($55.0M)
$681.0K
$18.5M
Interest expense
($3.0M)
($2.6M)
($2.4M)
($2.5M)
Other (expense) income, net
($40.0K)
($37.0K)
$27.0K
($38.0K)
Total other income (expense)
$19.0M
($57.7M)
($1.7M)
$15.9M
Income (Loss) Before Income Taxes
$39.9M
($51.7M)
($1.6M)
$34.5M
(Provision for) Benefit from Income Taxes
($6.8M)
$9.5M
$254.0K
($9.9M)
Net Income (Loss)
$33.1M
($42.3M)
($1.3M)
$24.7M
Weighted average common share basic (in shares)
42.0M
40.1M
39.1M
39.1M
Weighted average common shares diluted (in shares)
42.9M
40.1M
39.1M
41.0M
Net income (loss) per common share – basic (in USD per share)
$0.79
-$1.05
-$0.03
$0.62
Net income (loss) per common share – diluted (in USD per share)
$0.77
-$1.05
-$0.03
$0.60
Balance sheet
Vitesse Energy Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash
$1.3M
$3.0M
$552.0K
$10.0M
Accrued revenue
$30.6M
$39.8M
$44.9M
$41.4M
Commodity derivatives
$14.3M
$3.8M
$10.0M
$2.1M
Prepaid expenses and other current assets
$6.0M
$4.3M
$2.8M
$841.0K
Total current assets
$52.2M
$50.9M
$58.3M
$54.4M
Proved oil and gas properties
$1.5B
$1.3B
$1.2B
$985.8M
Less accumulated DD&A and impairment
($692.0M)
($563.6M)
($464.0M)
($383.0M)
Total oil and gas properties
$833.9M
$752.0M
$704.3M
$602.8M
Other Property and Equipment—Net
$123.0K
$182.0K
$189.0K
$114.0K
Commodity derivatives
$184.0K
$284.0K
$1.1M
$1.2M
Other noncurrent assets
$6.9M
$7.5M
$2.0M
$2.1M
Total other assets
$7.1M
$7.8M
$3.1M
$3.2M
Total assets
$893.4M
$810.9M
$766.0M
$660.5M
Accounts payable
$11.8M
$34.3M
$27.7M
$7.2M
Accrued liabilities
$39.1M
$65.7M
$32.5M
$25.8M
Commodity derivatives
$0
$299.0K
$0
$3.4M
Other current liabilities
$307.0K
$0
$204.0K
$184.0K
Total current liabilities
$51.3M
$100.3M
$60.4M
$36.7M
Revolving credit facility
$124.5M
$117.0M
$81.0M
$48.0M
Deferred tax liability
$67.5M
$72.0M
$64.3M
—
Asset retirement obligations
$14.0M
$9.7M
$8.4M
$6.8M
Commodity derivatives
$46.0K
$94.0K
—
—
Other noncurrent liabilities
$6.7M
$11.5M
$5.5M
$0
Total liabilities
$264.0M
$310.6M
$219.6M
$91.5M
Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at December 31, 2025 and 2024, respectively
0
0
0
—
Common stock, $0.01 par value, 95,000,000 shares authorized; 40,615,302 and 32,650,889 shares issued at December 31, 2025 and 2024, respectively
406.0K
326.0K
328.0K
10
Additional paid-in capital
$631.0M
$505.1M
$567.7M
—
Accumulated deficit
($2.0M)
($5.1M)
($21.6M)
—
Total equity
$629.3M
$500.3M
—
$0
Total liabilities and equity
$893.4M
$810.9M
$766.0M
$660.5M
Vitesse Energy Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash
$884.0K
$3.2M
$5.6M
$2.0M
Accrued revenue
$52.4M
$41.3M
$34.8M
$46.9M
Commodity derivatives
$1.8M
$0
$11.3M
$14.2M
Prepaid expenses and other current assets
$3.3M
$4.2M
$5.3M
$4.9M
Total current assets
$58.4M
$48.7M
$57.0M
$68.0M
Proved oil and gas properties
$1.6B
$1.5B
$1.5B
$1.5B
Less accumulated DD&A and impairment
($757.4M)
($722.9M)
($658.2M)
($624.2M)
Total oil and gas properties, net
$849.6M
$826.1M
$867.5M
$873.7M
Other Property and Equipment—Net
$99.0K
$107.0K
$137.0K
$153.0K
Commodity derivatives
$8.9M
$1.0M
$1.1M
$2.3M
Other noncurrent assets
$6.6M
$6.7M
$7.1M
$7.4M
Total assets
$923.6M
$882.6M
$932.9M
$951.5M
Accounts payable
$11.8M
$15.8M
$20.1M
$24.4M
Accrued liabilities
$38.8M
$38.9M
$46.6M
$47.1M
Commodity derivatives
$4.3M
$32.0M
$0
$0
Other current liabilities
$327.0K
$317.0K
$144.0K
$268.0K
Total current liabilities
$55.2M
$87.0M
$66.8M
$71.8M
Revolving credit facility
$158.5M
$144.5M
$114.0M
$106.0M
Deferred tax liability
$64.8M
$58.0M
$81.1M
$81.1M
Asset retirement obligations
$15.6M
$14.3M
$13.4M
$13.2M
Commodity derivatives
$0
$2.8M
$174.0K
$565.0K
Other noncurrent liabilities
$5.6M
$5.5M
$7.2M
$7.0M
Total liabilities
$299.7M
$312.1M
$282.7M
$279.6M
Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at June 30, 2026 and December 31, 2025, respectively
0
0
0
0
Common stock, $0.01 par value, 95,000,000 shares authorized; 42,802,648 and 40,615,302 shares issued at June 30, 2026 and December 31, 2025, respectively
428.0K
407.0K
406.0K
406.0K
Additional paid-in capital
$634.7M
$614.4M
$651.2M
$649.3M
Accumulated deficit
($11.2M)
($44.3M)
($1.3M)
$22.2M
Total equity
$623.9M
$570.4M
$650.3M
$671.9M
Total liabilities and equity
$923.6M
$882.6M
$932.9M
$951.5M
Cash flow statement
Vitesse Energy Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$25.3M
$21.1M
($19.7M)
$118.9M
Depletion, depreciation, amortization, and accretion
$129.4M
$100.3M
$81.7M
$63.7M
Unrealized (gain) loss on derivative instruments
($10.8M)
$7.4M
($11.3M)
($16.3M)
Equity-based compensation
$10.2M
$8.1M
$32.2M
($10.8M)
Deferred income taxes
$9.8M
$7.7M
$61.9M
—
Amortization of debt issuance costs
$860.0K
$792.0K
$655.0K
$472.0K
Accrued revenue
$14.1M
$5.1M
($810.0K)
($10.8M)
Prepaid expenses and other current assets
($350.0K)
($1.4M)
($1.9M)
($842.0K)
Accounts payable
($4.9M)
$2.7M
$2.4M
($147.0K)
Accrued liabilities
($3.6M)
$2.9M
($3.3M)
$2.7M
Other
$356.0K
$398.0K
($4.0K)
$8.0K
Net cash provided by operating activities
$170.3M
$155.0M
$141.9M
$147.0M
Acquisition of oil and gas properties
($6.6M)
($21.1M)
($35.7M)
($28.5M)
Development of oil and gas properties
($121.0M)
($94.1M)
($84.8M)
($56.0M)
Purchase of property and equipment
($8.0K)
($73.0K)
($180.0K)
($12.0K)
Net cash used in Investing Activities
($127.7M)
($115.3M)
($120.7M)
($84.6M)
Proceeds from revolving credit facility
$73.0M
$57.5M
$59.0M
$16.0M
Repayments of revolving credit facility
($65.5M)
($21.5M)
($26.0M)
($36.0M)
Repayments of Vitesse Oil revolving credit facility
$0
$0
($5.0M)
—
Dividends paid
($92.1M)
($63.6M)
($58.0M)
—
Cash acquired associated with the Lucero Acquisition
$49.8M
—
—
—
Repurchases of common stock
$0
$0
($248.0K)
—
Stock exchanged for tax withholding
($9.2M)
($7.5M)
—
—
Debt issuance costs
($381.0K)
($2.2M)
($484.0K)
($1.8M)
Net cash used in Financing Activities
($44.3M)
($37.3M)
($30.7M)
($57.8M)
Net change in cash
($1.6M)
$2.4M
($9.5M)
$4.7M
Cash—Beginning of year
$3.0M
$552.0K
$10.0M
$5.4M
Cash—End of year
$1.3M
$3.0M
$552.0K
$10.0M
Cash paid for interest
$9.3M
$9.0M
$4.7M
$3.6M
Cash paid for federal income taxes
$0
—
—
—
Oil and gas properties included in accounts payable and accrued liabilities
$25.4M
$77.7M
$46.3M
$21.3M
Asset retirement obligations capitalized to oil and gas properties
$3.4M
$626.0K
$951.0K
$347.0K
Issuance of common stock to acquire
$194.3M
$0
$30.6M
—
Vitesse Energy Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net (loss) income
($9.2M)
($42.3M)
$26.0M
$27.3M
Depletion, depreciation, amortization, and accretion
$66.0M
$31.2M
$95.4M
$61.1M
Unrealized loss (gain) on commodity derivative instruments
$8.0M
$48.2M
($8.7M)
($12.3M)
Equity-based compensation
$3.5M
$725.0K
$7.6M
$4.9M
Deferred income taxes
($2.7M)
($9.5M)
$9.1M
$9.1M
Amortization of debt issuance costs
$469.0K
$227.0K
$637.0K
$421.0K
Accrued revenue
($21.8M)
($10.7M)
$9.9M
($2.3M)
Prepaid expenses and other current assets
$2.7M
$1.8M
$319.0K
$756.0K
Accounts payable
$6.0K
$795.0K
($3.3M)
($2.4M)
Accrued liabilities
$2.6M
$3.6M
($4.3M)
($3.5M)
Other
($9.0K)
($4.0K)
$358.0K
$341.0K
Net cash provided by operating activities
$49.5M
$24.0M
$132.9M
$83.5M
Divestiture (Acquisition), net, of oil and gas properties
$694.0K
$300.0K
—
—
Development of oil and gas properties
($40.1M)
($19.0M)
($90.5M)
($64.5M)
Purchase of other property and equipment
($8.0K)
$0
($5.0K)
($4.0K)
Net cash used in Investing Activities
($39.4M)
($18.7M)
($97.9M)
($66.1M)
Proceeds from revolving credit facility
$49.0M
$27.0M
$62.5M
$47.5M
Repayments of revolving credit facility
($15.0M)
($7.0M)
($65.5M)
($58.5M)
Dividends paid
($44.1M)
($23.5M)
($69.8M)
($47.8M)
Cash acquired associated with the Lucero Acquisition
$0
$0
$49.8M
$49.8M
Equity issuance costs for Powder River Basin Acquisition
($131.0K)
—
—
—
Stock exchanged for tax withholding
$0
$0
($9.2M)
($9.2M)
Debt issuance costs
($262.0K)
$0
($247.0K)
($247.0K)
Net cash used in Financing Activities
($10.5M)
($3.5M)
($32.4M)
($18.4M)
Net change in cash
($444.0K)
$1.9M
$2.6M
($1.0M)
Cash—Beginning of period
$1.3M
$1.3M
$3.0M
$3.0M
Cash—End of period
$884.0K
$3.2M
$5.6M
$2.0M
Cash paid for interest
$3.6M
$2.4M
$7.3M
$5.2M
Cash paid for income taxes
$0
$0
$0
$0
Oil and gas properties included in accounts payable and accrued liabilities
$29.6M
$29.8M
$39.5M
$43.5M
Asset retirement obligations capitalized to oil and gas properties