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Get filing alertsVitesse Energy reports Q2 2026 net income of $33.1M, declares $0.4375/share dividend
Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read
Key Changes
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Q2 2026 net income of $33.1M included a $40.2M unrealized gain on commodity derivatives. Production averaged 17,354 Boe/day (60% oil), up 9% sequentially following the April Powder River Basin acquisition. Declared quarterly dividend of $0.4375/share payable Sept 30.
Item 2.02 verify on EDGAR → -
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Total revenue including realized hedges was $72.8M. Realized oil price before hedging averaged $91.98/Bbl but hedges covering 84% of oil production reduced the realized price to $71.14/Bbl. Oil represented 60% of production and 95% of total oil and gas revenue.
Item 2.02 verify on EDGAR → -
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Tightened 2026 guidance: production 16,300-17,200 Boe/day (from 16,000-17,500), oil mix 60-62% (from 60-64%), and raised capex to $65-80M (from $50-80M). Net debt to Adjusted EBITDA stood at 1.0x with total debt of $158.5M.
Item 2.02 verify on EDGAR → -
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Hedged approximately 70% of remaining 2026 oil production and 48% of remaining 2026 two-stream natural gas production. Q3 2026 oil swaps at weighted average fixed price of $65.01/Bbl. Total liquidity of $117.4M as of June 30, 2026.
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Posted updated corporate slide presentation on investor relations website in connection with Q2 2026 earnings release and conference call.
Item 7.01 verify on EDGAR →
Summary
Vitesse Energy reported second quarter 2026 results with net income of $33.1 million, though this figure was heavily influenced by a $40.2 million unrealized gain on commodity derivatives. The company's hedging strategy significantly impacted realized pricing: while oil prices before hedging averaged $91.98 per barrel, hedges covering 84% of production reduced the realized price to $71.14 per barrel, a $20.84 per barrel haircut. Production averaged 17,354 Boe per day, up 9% sequentially following the April Powder River Basin acquisition, with oil representing 60% of the mix and 95% of total oil and gas revenue.
The company declared its fifteenth consecutive quarterly dividend of $0.4375 per share and tightened full-year guidance, narrowing production expectations to 16,300-17,200 Boe per day while raising the low end of capital expenditure guidance to $65 million from $50 million. Net debt to Adjusted EBITDA stood at a conservative 1.0x with total liquidity of $117.4 million. The extensive hedging position—70% of remaining 2026 oil production and 48% of natural gas production—provides cash flow stability to support the dividend but caps upside participation in the current $92 per barrel oil price environment.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Vitesse Energy announced Q2 2026 operating and financial results via press release.
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On August 3, 2026, Vitesse Energy, Inc. (the “Company”) issued a press release announcing its operating and financial results for the quarter ended June 30, 2026.
The company disclosed its second quarter 2026 operating and financial results through a press release. The 8-K body itself does not contain the actual financial figures; those are in the attached Exhibit 99.1 press release, which was not provided in the input text.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Show 1 minor / wording change
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In connection with the Company’s press release announcing its operating and financial results for the quarter ended June 30, 2026 and related conference call, the Company posted an updated corporate slide presentation on its website, www.vitesse-vts.com, in the “Investor Relations” section of the site, under “News & Events,” sub-tab “Presentations.”
The company posted an updated investor presentation on its website alongside its Q2 2026 earnings release and conference call. This is a routine disclosure practice where companies provide supplemental materials to investors during earnings season.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Total revenue, including the effects of our realized hedges, was $72.8 million.
Vitesse’s average realized oil and natural gas prices before hedging were $91.98 per Bbl and $1.17 per Mcf, respectively, during the second quarter of 2026. The Company had hedges covering 84% of oil production and its realized oil price with hedging was $71.14 per Bbl. Its realized natural gas price with hedging was $1.55 per Mcf.
Total revenue including realized hedges was $72.8 million. Realized oil prices before hedging averaged $91.98 per barrel, but hedges covering 84% of oil production reduced the realized price to $71.14 per barrel. Natural gas prices before hedging were $1.17 per Mcf, improved to $1.55 per Mcf with hedging. Oil represented 60% of production and 95% of total oil and gas revenue.
Added in current filing · view on EDGAR →
As of June 30, 2026, Vitesse had $0.9 million in cash and $158.5 million of borrowings outstanding on its revolving credit facility. Vitesse had total liquidity of $117.4 million as of June 30, 2026, consisting of cash and $116.5 million of committed borrowing availability under its revolving credit facility.
During the second quarter of 2026, Vitesse invested $21.1 million in development capital expenditures and acquired $0.7 million of oil and gas properties. Vitesse also recorded a $1.1 million purchase price adjustment received on the Powder River Basin Acquisition in the second quarter of 2026.
Vitesse had total liquidity of $117.4 million as of June 30, 2026, comprising $0.9 million cash and $116.5 million of available borrowing capacity under its revolving credit facility. Outstanding borrowings totaled $158.5 million. The company invested $21.1 million in development capital and $0.7 million in property acquisitions during Q2 2026, and received a $1.1 million purchase price adjustment on the Powder River Basin acquisition completed in April.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 4, 2026 · How we verify