VTS Q2 2024 Earnings — Vitesse Energy, Inc. Revenue & Financial Results | Market Cap Arena

VTSVitesse Energy, Inc.

$770M

Q2 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$67M+29.1% YoY

Gross Profit

$24M35.4% margin

Operating Income

$17M25.2% margin

Net Income

$11M16.4% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

+8.8%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

-$3M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$778M

Total Liabilities

$260M

Stockholders' Equity

$519M

Cash & Equivalents

$121,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$67M	$52M	+29.1%
Gross Profit	$24M	$19M	+26.8%
Operating Income	$17M	$13M	+32.2%
Net Income	$11M	$10M	+13.6%

Revenue Segments

Oil

$64M96%

Natural Gas

$2M4%