Vitesse Energy, Inc. (VTS) 10-Year Financial Performance & Capital Metrics

VTS • • Industrial / General

EnergyOil & Gas E&PMineral & Royalty CompaniesRegional Royalty Focus

AboutVitesse Energy, Inc. focuses on acquisition, ownership, exploration, development, management, production, exploitation, and dispose of oil and gas properties. The company acquires non-operated working interest and royalty interest ownership primarily in the core of the Bakken Field in North Dakota and Montana. It also owns non-operated interests in oil and gas properties in Colorado and Wyoming. The company was incorporated in 2022 and is based in Centennial, Colorado.Show more

Revenue $242M +3.5%
EBITDA $141M +21.2%
Net Income $21M +197.6%
EPS (Diluted) 0.64 +187.7%
Gross Margin 30% -22.9%
EBITDA Margin 58.38% +17.1%
Operating Margin 16.93% +13.6%
Net Margin 8.7% +194.3%
ROE 4.02% +204.0%
ROIC 4.92% +16.7%
Debt/Equity 0.24 +57.1%
Interest Coverage 4.11 -37.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 16.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Trading at only 1.3x book value

✗Weaknesses

✗Dividend payout exceeds 100% of earnings
✗Shares diluted 11.3% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y9.33%

TTM6.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y5.15%

TTM-54.68%

EPS CAGR

10Y-

5Y-

3Y149.31%

TTM-66.68%

ROCE

10Y Avg8.07%

5Y Avg8.07%

3Y Avg12.26%

Latest5.79%

Peer Comparison

Regional Royalty Focus

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CKXCKX Lands, Inc.	18.87M	9.19	76.58	2.39%	52.94%	2.52%	1.09%
GRNTGranite Ridge Resources, Inc	599.82M	4.57	32.64	-3.56%	8.38%	5.87%		0.32
VTSVitesse Energy, Inc.	764.19M	19.76	30.88	3.46%	7.7%	3.21%	5.19%	0.24
NRTNorth European Oil Royalty Trust	78.21M	8.51	15.47	-73.55%	87.18%	302.5%	7.49%

Profit & Loss

	Nov 2020	Nov 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	97.23M	185.18M	281.89M	233.91M	242M
Revenue Growth %	-	0.9%	0.52%	-0.17%	0.03%
Cost of Goods Sold+	109.21M	58.45M	118.96M	142.88M	169.41M
COGS % of Revenue	1.12%	0.32%	0.42%	0.61%	0.7%
Gross Profit+	-11.98M	126.73M	162.93M	91.02M	72.59M
Gross Margin %	-0.12%	0.68%	0.58%	0.39%	0.3%
Gross Profit Growth %	-	11.58%	0.29%	-0.44%	-0.2%
Operating Expenses+	21.85M	72.84M	9.07M	56.17M	31.62M
OpEx % of Revenue	0.22%	0.39%	0.03%	0.24%	0.13%
Selling, General & Admin	8.65M	11.99M	9.07M	56.17M	31.62M
SG&A % of Revenue	0.09%	0.06%	0.03%	0.24%	0.13%
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	13.2M	60.85M	0	0	0
Operating Income+	-33.83M	53.9M	153.87M	34.85M	40.97M
Operating Margin %	-0.35%	0.29%	0.55%	0.15%	0.17%
Operating Income Growth %	-	2.59%	1.85%	-0.77%	0.18%
EBITDA+	24.47M	114.74M	217.6M	116.6M	141.28M
EBITDA Margin %	0.25%	0.62%	0.77%	0.5%	0.58%
EBITDA Growth %	-	3.69%	0.9%	-0.46%	0.21%
D&A (Non-Cash Add-back)	58.31M	60.85M	63.73M	81.75M	100.31M
EBIT	-4.18M	21.32M	123.06M	47.48M	38.71M
Net Interest Income+	-4.68M	-3.21M	-4.15M	-5.28M	-9.98M
Interest Income	0	0	0	0	0
Interest Expense	4.68M	3.21M	4.15M	5.28M	9.98M
Other Income/Expense	24.98M	-35.78M	-34.96M	7.35M	-12.24M
Pretax Income+	-8.86M	18.11M	118.9M	42.2M	28.73M
Pretax Margin %	-0.09%	0.1%	0.42%	0.18%	0.12%
Income Tax+	0	0	0	61.95M	7.67M
Effective Tax Rate %	1%	1%	1%	-0.51%	0.73%
Net Income+	-8.86M	18.11M	118.9M	-21.58M	21.06M
Net Margin %	-0.09%	0.1%	0.42%	-0.09%	0.09%
Net Income Growth %	-	3.05%	5.56%	-1.18%	1.98%
Net Income (Continuing)	-8.86M	18.11M	118.9M	-19.74M	21.06M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	-0.31	0.04	0.00	-0.73	0.64
EPS Growth %	-	1.13%	-1%	-	1.88%
EPS (Basic)	-0.31	0.04	0.00	-0.73	0.70
Diluted Shares Outstanding	28.2M	438.63M	28.2M	29.56M	32.91M
Basic Shares Outstanding	28.2M	438.63M	28.2M	29.56M	30.04M
Dividend Payout Ratio	-	0.66%	0.3%	-	3.02%

Balance Sheet

	Nov 2020	Nov 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	29.13M	36.12M	54.35M	58.35M	50.91M
Cash & Short-Term Investments	1.73M	5.36M	10.01M	552K	2.97M
Cash Only	1.73M	5.36M	10.01M	552K	2.97M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	16M	30.63M	41.39M	44.91M	39.79M
Days Sales Outstanding	60.06	60.37	53.6	70.09	60.01
Inventory	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-
Other Current Assets	9.22M	138K	2.95M	12.88M	8.16M
Total Non-Current Assets+	598M	575.4M	606.13M	707.62M	759.98M
Property, Plant & Equipment	594.19M	574.46M	602.89M	704.53M	752.16M
Fixed Asset Turnover	0.16x	0.32x	0.47x	0.33x	0.32x
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
Long-Term Investments	0	0	0	0	284K
Other Non-Current Assets	3.81M	943K	3.24M	3.09M	7.54M
Total Assets+	627.13M	611.53M	660.48M	765.97M	810.89M
Asset Turnover	0.16x	0.30x	0.43x	0.31x	0.30x
Asset Growth %	-	-0.02%	0.08%	0.16%	0.06%
Total Current Liabilities+	22.37M	40.33M	36.68M	60.4M	100.33M
Accounts Payable	9.3M	7.94M	7.21M	27.69M	34.32M
Days Payables Outstanding	31.1	49.59	22.11	70.74	73.94
Short-Term Debt	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0
Other Current Liabilities	2.02M	21.4M	7.34M	3.85M	56.85M
Current Ratio	1.30x	0.90x	1.48x	0.97x	0.51x
Quick Ratio	1.30x	0.90x	1.48x	0.97x	0.51x
Cash Conversion Cycle	-	-	-	-	-
Total Non-Current Liabilities+	112.28M	85.33M	54.82M	159.16M	210.23M
Long-Term Debt	98.5M	68M	48M	81M	117M
Capital Lease Obligations	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	64.33M	72M
Other Non-Current Liabilities	13.78M	17.33M	6.82M	13.83M	21.23M
Total Liabilities	134.66M	125.66M	91.5M	219.56M	310.56M
Total Debt+	100.83M	68M	50.74M	84.26M	121.22M
Net Debt	99.1M	62.64M	40.73M	83.71M	118.26M
Debt / Equity	0.20x	0.14x	0.09x	0.15x	0.24x
Debt / EBITDA	4.12x	0.59x	0.23x	0.72x	0.86x
Net Debt / EBITDA	4.05x	0.55x	0.19x	0.72x	0.84x
Interest Coverage	-7.23x	16.81x	37.05x	6.61x	4.11x
Total Equity+	492.47M	485.86M	568.98M	546.41M	500.33M
Equity Growth %	-	-0.01%	0.17%	-0.04%	-0.08%
Book Value per Share	17.46	1.11	20.18	18.49	15.20
Total Shareholders' Equity	492.47M	485.86M	568.98M	546.41M	500.33M
Common Stock	489.81M	480.07M	0	328K	326K
Retained Earnings	0	0	0	-21.58M	-5.13M
Treasury Stock	0	0	0	0	0
Accumulated OCI	0	0	0	0	0
Minority Interest	0	0	0	0	0

Cash Flow

	Nov 2020	Nov 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	76.31M	86.97M	147.04M	141.94M	155M
Operating CF Margin %	0.78%	0.47%	0.52%	0.61%	0.64%
Operating CF Growth %	-	0.14%	0.69%	-0.03%	0.09%
Net Income	-8.86M	18.11M	118.9M	-19.74M	21.06M
Depreciation & Amortization	0	60.85M	63.73M	81.75M	100.31M
Stock-Based Compensation	-544K	1.41M	-10.77M	32.23M	8.11M
Deferred Taxes	0	0	0	61.95M	7.67M
Other Non-Cash Items	69.4M	18.96M	-15.82M	-10.66M	8.21M
Working Capital Changes	16.31M	-12.36M	-9.01M	-3.58M	9.65M
Change in Receivables	18.66M	-15.96M	-10.76M	0	5.13M
Change in Inventory	0	0	0	0	0
Change in Payables	-524K	-997K	-147K	2.41M	2.71M
Cash from Investing+	-70.81M	-43.32M	-84.58M	-120.67M	-115.32M
Capital Expenditures	-70.83M	-43.32M	-84.58M	-120.67M	-73K
CapEx % of Revenue	0.73%	0.23%	0.3%	0.52%	0%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	25K	0	0	0	-115.25M
Cash from Financing+	-5.53M	-42.59M	-57.81M	-30.73M	-37.27M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	-12M	-36M	-58M	-63.56M
Share Repurchases	-	-	-	-	-
Other Financing	-28K	-87K	-1.81M	-484K	-2.22M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	5.48M	43.65M	62.46M	21.28M	39.68M
FCF Margin %	0.06%	0.24%	0.22%	0.09%	0.16%
FCF Growth %	-	6.97%	0.43%	-0.66%	0.87%
FCF per Share	0.19	0.10	2.21	0.72	1.21
FCF Conversion (FCF/Net Income)	-8.62x	4.80x	1.24x	-6.58x	7.36x
Interest Paid	4.38M	2.9M	3.6M	4.73M	0
Taxes Paid	0	0	0	1.29M	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1.8%	3.7%	22.54%	-3.87%	4.02%
Return on Invested Capital (ROIC)	-	7.09%	19.93%	4.22%	4.92%
Gross Margin	-12.32%	68.44%	57.8%	38.91%	30%
Net Margin	-9.11%	9.78%	42.18%	-9.22%	8.7%
Debt / Equity	0.20x	0.14x	0.09x	0.15x	0.24x
Interest Coverage	-7.23x	16.81x	37.05x	6.61x	4.11x
FCF Conversion	-8.62x	4.80x	1.24x	-6.58x	7.36x
Revenue Growth	-	90.45%	52.23%	-17.02%	3.46%

Revenue by Segment

	2022	2023	2024
Oil	242.47M	218.4M	230.16M
Oil Growth	-	-9.93%	5.39%
Natural Gas	57.6M	15.51M	11.83M
Natural Gas Growth	-	-73.08%	-23.70%

Frequently Asked Questions

Valuation & Price

Vitesse Energy, Inc. (VTS) has a price-to-earnings (P/E) ratio of 30.9x. This suggests investors expect higher future growth.

Growth & Financials

Vitesse Energy, Inc. (VTS) reported $271.3M in revenue for fiscal year 2024. This represents a 179% increase from $97.2M in 2020.

Vitesse Energy, Inc. (VTS) grew revenue by 3.5% over the past year. Growth has been modest.

Yes, Vitesse Energy, Inc. (VTS) is profitable, generating $20.9M in net income for fiscal year 2024 (8.7% net margin).

Dividend & Returns

Yes, Vitesse Energy, Inc. (VTS) pays a dividend with a yield of 9.77%. This makes it attractive for income-focused investors.

Vitesse Energy, Inc. (VTS) has a return on equity (ROE) of 4.0%. This is below average, suggesting room for improvement.

Vitesse Energy, Inc. (VTS) generated $73.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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