Vitesse Q2 FY26: revenue +11% on higher oil prices, offset by 8% production decline and $18M hedge loss

Filed August 3, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 4, 2025 · ~2 min read

Key Changes

• high

  Q2 production fell 8% YoY to 17,354 Boe/d (60% oil vs 65% prior year) as natural decline outpaced drilling; oil mix deterioration reduced revenue quality despite 45% higher NYMEX prices.

  MD&A: Production volumes verify on EDGAR →
• high

  Hedge position reversed: settled derivatives reduced realized oil price by $20.84/Bbl in Q2 FY26 (vs adding $4.71/Bbl in Q2 FY25), limiting upside capture as NYMEX oil rose to $92.38/Bbl; YTD realized hedge loss totaled $25M.

  MD&A: Oil price realization & derivatives verify on EDGAR →
• high

  Borrowing base cut to $275M (from $315M) in April 2026 redetermination; outstanding debt rose to $158.5M, leaving $116.5M available capacity.

  Notes: Credit facility verify on EDGAR →