Overview

* Vitesse Energy Inc ( VTS ) Q2 revenue beats analyst expectations, partly driven by litigation settlement

* Adjusted EBITDA for Q2 exceeds estimates

* Oil and natural gas production up 27% sequentially, aided by Lucero acquisition

Outlook

* Vitesse projects 2025 production at 15,000-17,000 Boe per day

* Oil to comprise 64%-68% of 2025 production

* 2025 capital expenditures expected between $80 mln and $110 mln

Result Drivers

* PRODUCTION INCREASE - 27% sequential rise in oil and natural gas production due to Lucero acquisition, boosting output to 18,950 Boe per day

* LEGAL SETTLEMENT - $24 mln cash payment from legal dispute resolution with key operator, enhancing financial results

* OIL HEDGING - Added oil hedges amid higher prices, supporting dividend strategy, per CEO Bob Gerrity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $81.76 $70.70

Revenue mln mln (3

Analysts

)

Q2 EPS $0.6

Q2 Beat $18.40 $9.14

Adjusted mln mln (1

Net Analyst)

Income

Q2 Net $24.66

Income mln

Q2 Beat $61.10 $42.60

Adjusted mln mln (5

EBITDA Analysts

)

Q2 $18.66

Operatin mln

g Income

Q2 $34.53

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for Vitesse Energy Inc ( VTS ) is $26.00, about 11% above its August 1 closing price of $23.14

* The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)