Vitesse Energy (VTS) Declares $0.50 Quarterly Dividend; 9.5% Yield
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Vitesse Energy Announces Full Year 2023 Results and Declares $0.50 Quarterly Cash Dividend
February 26, 2024 4:06 PM ESTCENTENNIAL, Colo.--(BUSINESS WIRE)-- Vitesse Energy, Inc. (NYSE: VTS) (we, our, Vitesse, or the Company) today announced the Companys 2023 financial and operating results and declared a quarterly cash dividend.
HIGHLIGHTS
Declared a quarterly cash dividend of $0.50 per common share to be paid on March 29, 2024 Net loss of $19.7 million and Adjusted Net Income(1) of $53.6 million Adjusted EBITDA(1) of $157.0 million Cash flow from operations of $141.9 million and Free Cash Flow(1) of $60.7 million Production of 11,889 barrels of oil equivalent (Boe) per day (68% oil), an increase of 15% from 2022, and fourth... More