VTS Q1 2024 Earnings — Vitesse Energy, Inc. Revenue & Financial Results | Market Cap Arena

VTSVitesse Energy, Inc.

$770M

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$61M+5.6% YoY

Gross Profit

$20M32.8% margin

Operating Income

$13M21.4% margin

Net Income

-$2M-3.6% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

-11.7%

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$7M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$750M

Total Liabilities

$227M

Stockholders' Equity

$523M

Cash & Equivalents

$1M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$61M	$58M	+5.6%
Gross Profit	$20M	$25M	-20.3%
Operating Income	$13M	-$14M	+195.6%
Net Income	-$2M	-$48M	+95.4%

Revenue Segments

Oil

$57M94%

Natural Gas

$4M6%