Vitesse Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:09 pm
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Vitesse Energy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 55.05 million compared to USD 77.1 million a year ago. Net loss was USD 1.47 million compared to net income of USD 85.74 million a year ago. Basic loss per share from continuing operations was USD 0.05. Diluted loss per share from continuing operations was USD 0.05.
For the nine months, revenue was USD 164.6 million compared to USD 220.87 million a year ago. Net loss was USD 39.66 million compared to net income of USD 95.33 million a year ago. Basic loss per share from continuing operations was USD 1.4. Diluted loss per share from continuing operations was USD 1.4.
Vitesse Energy, Inc. is an independent energy company. The Company is engaged in the acquisition, development and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are primarily in the Williston Basin of North Dakota and Montana. It also has properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. It owns a working interest in over 5,734 gross productive wells and royalty interests in an additional 1,140 productive wells. It also owns working interests in a 224 gross wells, and an additional 363 gross wells that have been permitted for development by its operating partners. Its property in Williston Basin stretches from western North Dakota into eastern Montana. Its property in Denver-Julesburg Basin is located in Northeast Colorado and Southeast Wyoming. Its property in Powder River Basin assets primarily target the Parkman, Sussex, Turner and Niobrara formations.
VITESSE ENERGY, INC. 
