VTS News & Events

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."

On March 1, 2026, Vitesse entered into a definitive agreement to acquire non-operated assets in Campbell and Converse Counties, WY for $35 million of Vitesse common stock, subject to customary closing adjustments with a January 1, 2026 effective date. These assets include over 6,000 net acres with approximately 1,400 Boe per day of expected net production for 2026 and 29 net undeveloped locations operated primarily by EOG Resources and Continental Resources in the Powder River Basin. Following the expected closing of the transaction at the beginning of the second quarter, the acquisition is expected to be accretive to Vitesse's earnings, operating cash flow, free cash flow and net asset value on a per-share basis.