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Vitesse Energy Shows Why It Remains A Strong Dividend Growth Choice (NYSE:VTS)

Fracking Pumpjacks in the Oil Field

grandriver

At the start of the year, I wrote an article about how Vitesse Energy (NYSE: VTS), a company which owns working interest in thousands of wells in Montana and North Dakota, is an interesting value play with

Cash and Equivalents

$1.4 million

Total Current Assets

$46 million

Total Assets

$750 million

Total Current Liabilities

$52 million

Total Liabilities

$227 million

Total Shareholder Equity

$523 million

2022

2023

2024 (Q1)

Oil Revenue

$242 million

$218 million

$57 million

Gas Revenue

$57 million

$16 million

$4 million

Operating Income

$154 million

$35 million

$13 million

Diluted EPS

26¢

(73¢)

(7¢)

2022

2023

2024 (Q1)

Operating FCF

$147 million

$142 million

$39 million

Investing FCF

($84 million)

($121 million)

($32 million)

Financing FCF

($58 million)

($31 million)

($6 million)

Net Cash

$4.6 million

($9.4 million)

$825 thousand

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