Vitesse Energy reports Q3 EPS 53c, consensus 37c

Reports Q3 revenue $58.28M, consensus $61.18M. “In the third quarter we generated cash flow exceeding our dividend and capex, which allowed us to pay down our debt by $10 million,” commented Bob Gerrity, Vitesse’s Chairman and Chief Executive Officer. “We expect the near-term development acquisitions closed during the second quarter to increase production and cash flow in the fourth quarter of 2024 and early 2025.”