VTS News & Events

Vitesse Energy announced that its Board of Directors has appointed Jamie Benard as President and Chief Executive Officer, effective May 1, 2026. Benard's appointment represents the culmination of a thorough succession planning process that will position the Company for continued long-term strategic execution and success. "We are delighted to welcome Jamie Benard to the Vitesse team. Jamie brings proven leadership and a strong record of success. The Board believes this transition will accelerate our strategic priorities and drive long-term value for stockholders," said Dan O'Leary, Lead Independent Director, who will replace Mr. Gerrity as Chairman of the Board. Bob Gerrity, the founder of Vitesse, has elected to resign as Chief Executive Officer and Chairman of the Board effectively immediately. Mr. Gerrity stated, "I am proud of the accomplishments of Vitesse over the past 13 years. I am confident in the Vitesse team and the Company's future and look forward to the next chapter in my career."

Reports FY25 revenue $274M vs. $242M last year. "Yesterday, we executed a definitive agreement to acquire non-operated assets in the Powder River Basin, where we have other assets, at an accretive price. Events in the Middle East over the weekend allowed us to hedge the acquisition above our underwritten prices," commented Bob Gerrity, Vitesse's Chairman and Chief Executive Officer. "Last week our Board approved a quarterly dividend of $0.4375 per share in the first quarter of 2026. This positions us to maintain our balance sheet strength while pursuing accretive acquisition opportunities similar to the transaction we signed over the weekend."