VTS Q1 2023 Earnings — Vitesse Energy, Inc. Revenue & Financial Results | Market Cap Arena

VTSVitesse Energy, Inc.

$770M

Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$58M-10.8% YoY

Gross Profit

$25M43.4% margin

Operating Income

-$14M-23.6% margin

Net Income

-$48M-82.5% margin

EPS (Diluted)

$-1.67

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$16M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$690M

Total Liabilities

$127M

Stockholders' Equity

$563M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$58M	$65M	-10.8%
Gross Profit	$25M	$39M	-35.8%
Operating Income	-$14M	$30M	-145.1%
Net Income	-$48M	-$7M	-568.1%

Revenue Segments

Oil

$50M87%

Natural Gas

$7M13%