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Vitesse (VTS) investor relations material
Vitesse Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Closed the DJ Basin acquisition in September for $25.9M cash at an accretive valuation, adding production and cash flow; Q3 included one month of contribution.
Declared a Q4 dividend of $0.4375/share, the 16th consecutive quarterly dividend since the January 2023 spin-off.
Managed 8,732 productive well interests across 30+ operators with 33 full-time employees.
Financial highlights
Q3 revenue was $83.0M, up 23% YoY; operating income was $16.3M versus $0.1M in Q3 2025.
Net loss was $36.4M, including a $46.6M non-cash unrealized derivative loss; another results disclosure cited a $58.6M commodity-derivative loss.
Adjusted EBITDA was $39.3M and Adjusted Net Income was $2.5M; trailing-12-month Adjusted EBITDA was $149.6M.
Operating cash flow was $39.4M and free cash flow was $9.4M; Q3 development capex was $26.9M, while cash capital expenditures net of divestitures were $53.0M, including the DJ acquisition payment.
Outlook and guidance
Revised FY2026 production guidance to 16,600–17,200 Boe/d, with 60%–62% oil; drilling and completion cash capex guidance is $80M–$90M.
Preliminary 2027 production outlook is flat to modestly higher, with capex expected to be similar to FY2026 if current strip prices hold.
Q4 production is expected to benefit from accelerated well turn-ins and a full quarter of DJ Basin production.
Management targets leverage below 1.0x and sizes the dividend for free cash flow coverage in a maintenance-capital environment with production held flat.
LOE/BOE is expected to return to prior levels after Q3 mechanical failures and higher-cost workovers; maintenance capex is projected to decline ~10% over 3–4 years.
- Disciplined, data-driven growth supports a high dividend and conservative financial strategy.VTS
17th Annual Midwest IDEAS Conference - Disciplined capital allocation and scalable operations drive accretive growth and shareholder returns.VTS
EnerCom Denver – The Energy Investment Conference - Q2 2026 saw strong net income, robust cash flow, and continued high-yield dividends.VTS
Q2 2026 - Directors and auditors were confirmed, with no questions raised during the meeting.VTS
AGM 2026 - Delivers high free cash flow, a 9% yield, and 25 years of drilling inventory from diversified assets.VTS
Investor presentation - Q1 2026: 7% production growth, $42.3M net loss, major acquisition, and 9% dividend yield.VTS
Q1 2026 - Shareholders will vote on directors, auditor ratification, and review governance, compensation, and ESG policies.VTS
Proxy filing - Strong 2025 growth, major acquisitions, and a 9% dividend yield drive long-term value.VTS
Q4 2025 - Q3 net income $17.4M, capex cut 18%, 2025 production set to rise 7% on lower spend.VTS
Q3 2024
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