EarningsQ2 2026 Earnings Report
MX:VTS Q2 2026 EPS Results
Actual EPS$0.71
Consensus EPS$0.98
Beat/MissMissed by -$0.28
One Year Ago EPS$7.71
MX:VTS Q2 2026 Revenue Results
Actual Revenue$1.57B
Expected Revenue$1.33B
Beat/MissBeat by +$235.41M
YoY Revenue Growth+11.31%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
MX:VTS Upcoming Earnings
Vitesse Energy, Inc.'s next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:VTS Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized durable shareholder returns (maintained dividend and strong dividend coverage strategy), solid operational trends (production growth, longer laterals improving efficiency), a conservative balance sheet (Net Debt/EBITDA ~<1x, ample liquidity), and a long hedge horizon to protect the dividend. Offsetting items include modest reported adjusted earnings and free cash flow after development CapEx, mark-to-market hedging volatility affecting GAAP results, a more competitive near-term acquisition market, and a raised baseline for cash CapEx. On balance, the positive operational and balance-sheet items and the clear focus on preserving the dividend materially outweigh the negatives.Company Guidance
Durable Dividend and Strong Shareholder Returns
Board declared Q3 cash dividend at an annualized $1.75 per share; 15 consecutive quarters of dividends since January 2023; cumulative dividends declared of $7.6375 per share (about 50% of current share price returned in under 4 years). Dividend explicitly sized to be covered by Free Cash Flow and prioritized as primary use of cash.
Production Growth and Oil-Weighted Mix
Q2 2026 production averaged 17,354 Boe/d, a sequential increase of 9% from Q1, with a 60% oil cut. Oil accounted for ~95% of total revenue for the quarter.
Hedge Book and Cash-Flow Protection
Extended hedge book into 2029 with additional oil hedges at a weighted-average price of ~ $67/barrel. For the remainder of 2026, ~70% of oil production is hedged (weighted-average floor $63.57, ceiling $66.53); ~50% of 2026 gas production hedged (floor $3.73, ceiling $4.90/MMBtu). Cumulative realized hedge loss since spin-off is <1% of total revenue, supporting dividend durability.
Solid Financial Position and Liquidity
Adjusted EBITDA of $40.2 million for the quarter; Adjusted Net Income of $1.8 million; GAAP Net Income of $33.1 million driven by $40.2 million unrealized hedging gains (non-cash). Free Cash Flow of $16.3 million after $21.1 million of development CapEx. Total debt of $158.5 million leaving Net Debt-to-Adjusted EBITDA just under 1x (on an annualized basis), in line with target. Total liquidity ~ $117 million and a $60 million share-repurchase authorization; simple capital structure (revolver + common equity).
Operational Efficiency and High-Return Asset Base
Development pipeline of 19.4 net wells (6.4 net wells drilling/completing; ~13 net locations permitted). Since 2023, 93% of wells proposed on acreage have cleared return hurdles. Cash Return on Capital Invested averaged ~14% since 2022 (above WACC). Portfolio: 7,868 productive wells across 30+ operators with average working interest ~3.6%. Longer laterals: 69% of AFEs YTD 2026 are ≥3 miles, average lateral length nearly 15,000 ft (38% increase vs 2022) and ~25% lower cost per foot vs 2-mile laterals, improving capital efficiency and flattening decline curves.
Proven Acquisition Track Record and Recent Powder River Acquisition
Since 2013 Vitesse closed 175 acquisitions totaling roughly $800 million. Closed Powder River Basin acquisition in April (operators include EOG and Continental); asset contributed to Q2 results and is being fully integrated with AFEs under evaluation — management views the deal as accretive at current/higher strip prices.
MX:VTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed