Vitesse Energy, Inc. (VTS)

Vitesse Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Nov 30, 2020
Revenue	220.5	212.28	257.8	181.51	97.23
Revenue Growth (YoY)	3.87%	-17.66%	42.03%	86.68%	-37.56%
Cost of Revenue	47.6	39.51	31.13	27.26	50.9
Gross Profit	172.9	172.77	226.67	154.25	46.33
Selling, General & Admin	21.01	23.93	19.83	11.4	9.2
Other Operating Expenses	2.35	-12.48	30.83	131.78	-29.63
Operating Expenses	131.78	125.43	103.63	239.72	37.33
Operating Income	41.12	47.34	123.04	-85.48	9
Interest Expense	-9.98	-5.28	-4.15	-2.84	-4.68
Other Non Operating Income (Expenses)	0.09	0.14	0.02	0.01	0.02
EBT Excluding Unusual Items	31.23	42.2	118.9	-88.31	4.34
Merger & Restructuring Charges	-2.5	-	-	-	-
Asset Writedown	-	-	-	-	-13.2
Pretax Income	28.73	42.2	118.9	-88.31	-8.86
Income Tax Expense	7.67	61.95	-	-	-
Net Income	21.06	-19.74	118.9	-88.31	-8.86
Preferred Dividends & Other Adjustments	-	1.83	118.9	-88.31	-
Net Income to Common	21.06	-21.58	-	-	-8.86
Shares Outstanding (Basic)	30	30	439	439	439
Shares Outstanding (Diluted)	33	30	439	439	439
Shares Change (YoY)	11.34%	-93.26%	-	-	-
EPS (Basic)	0.70	-0.73	-	-	-0.02
EPS (Diluted)	0.64	-0.73	-	-0.24	-0.02
Free Cash Flow	39.68	21.28	62.46	102.77	5.48
Free Cash Flow Per Share	1.21	0.72	0.14	0.23	0.01
Dividend Per Share	2.075	2.000	0.500	-	-
Dividend Growth	3.75%	300.00%	-	-	-
Gross Margin	78.41%	81.39%	87.92%	84.98%	47.65%
Operating Margin	18.65%	22.30%	47.73%	-47.09%	9.26%
Profit Margin	9.55%	-10.16%	-	-	-9.11%
Free Cash Flow Margin	18.00%	10.02%	24.23%	56.62%	5.63%
EBITDA	141.43	129.08	186.77	-20.47	67.31
EBITDA Margin	64.14%	60.81%	72.45%	-11.28%	69.23%
D&A For EBITDA	100.31	81.75	63.73	65	58.31
EBIT	41.12	47.34	123.04	-85.48	9
EBIT Margin	18.65%	22.30%	47.73%	-47.09%	9.26%
Effective Tax Rate	26.70%	146.78%	-	-	-
Revenue as Reported	242	233.91	281.89	197.59	97.23

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q