VTS Earnings Prediction
The chart below shows how VTS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VTS sees a +1.94% change in stock price 10 days leading up to the earnings, and a +7.74% change 10 days following the report. On the earnings day itself, the stock moves by +0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
VTS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
58.28M
5.86%
-12.49%
Gross Margin
28.16%
-25.84%
-20.47%
Operating Margin
15.41%
-46.77%
-38.97%
Net Margin
29.93%
1225.19%
82.39%
EPS
0.53
1160.00%
60.61%
No Data Available
VTS Earnings Analysis
Vitesse Energy, Inc.. Corporation (VTS.N) Earnings Conference Call
Positive
Consistent Dividend Payments: 1. Dividend Payments: Vitesse Energy declared a dividend of $0.525 per share in September and another $0.525 dividend for December, demonstrating a consistent return of capital strategy.
Adjusted EBITDA Performance: 2. Adjusted EBITDA Growth: The company reported an adjusted EBITDA of $37.6 million for the third quarter, reflecting strong operational performance.
Production Performance Stability: 3. Production Efficiency: Average production for the quarter was 13,009 barrels of oil equivalent per day, maintaining year-to-date production guidance despite reduced CapEx.
Debt Paydown Achievement: 4. Debt Reduction: Operating cash flow net of working capital changes was $35.1 million, allowing the company to pay down $10 million in debt during the quarter, resulting in a leverage ratio of 0.68x.
Capital Expenditure Efficiency: 5. Capital Expenditure Reduction: Vitesse Energy reduced its annual CapEx guidance from $130-$150 million to $110-$120 million while maintaining production guidance, indicating improved capital efficiency.
Negative
Production Guidance Decline: 1. Lower Production Guidance: Production averaged 13,009 BOE per day in Q3 2024, at the low end of prior guidance, indicating a potential decline in operational efficiency.
CapEx Guidance Reduction: 2. Reduced CapEx Guidance: The company lowered its annual CapEx guidance from $130-$150 million to $110-$120 million, reflecting a decrease in capital investment despite maintaining production guidance.
High Operational Costs: 3. High Lease Operating Expenses: Lease operating expenses totaled $11.6 million for the quarter, translating to $9.71 per BOE, which, while a slight decrease, still indicates high operational costs.
Debt Financing Reliance: 4. Debt Levels: The company ended the quarter with $105 million in debt, resulting in a leverage ratio of 0.68x on an annualized adjusted EBITDA basis, suggesting a reliance on debt financing.
Elected Commitments Reduction: 5. Decreased Elected Commitments: The elected commitments on the credit facility were decreased from $245 million to $235 million, indicating tighter financial constraints.
VTS FAQs
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VTS Earning Call Sentiment
Vitesse Energy, Inc. (VTS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
VTS.N
-2.34%Positive
The earnings call reveals strong financial performance with stable profitability, debt reduction, and a robust hedging strategy. The company's strategic flexibility in CapEx and acquisition, coupled with a consistent dividend payout, indicates a positive outlook. Despite some risks, such as oil price dependency and regulatory issues, the overall sentiment is positive, supported by optimistic guidance and efficient debt management. The Q&A session further reinforces this sentiment, highlighting opportunities in organic growth and cost management. The stock price is likely to see a positive movement in the short term.
