VTS Q3 2023 Earnings — Vitesse Energy, Inc. Revenue & Financial Results | Market Cap Arena

VTSVitesse Energy, Inc.

$770M

Q3 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$55M-21.9% YoY

Gross Profit

$21M38.0% margin

Operating Income

$16M28.9% margin

Net Income

-$1M-2.7% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

-$2M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$741M

Total Liabilities

$200M

Stockholders' Equity

$541M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$55M	$70M	-21.9%
Gross Profit	$21M	$62M	-66.4%
Operating Income	$16M	$56M	-71.5%
Net Income	-$1M	$86M	-101.7%

Revenue Segments

Oil

$53M97%

Natural Gas

$2M3%