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Vitesse Energy (VTS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Vitesse Energy (VTS) Q3 2026 earnings results →
Q3 2026 Revenue up 23% year over year to $83.0M · 44¢ of every $1 of revenue lost · operating margin 19.7%
Vitesse Energy made $83.0M in Q3 2026 (+23% Y/Y): Oil $76.5M, Natural gas $6.4M. Operating margin 19.7%, net loss $36.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $83.0M in Q3 2026, up 23% year over year and down 9% from the previous quarter. Oil was the largest line at 92% of revenue. Oil added $12.1M year over year (up 19%), 78% of the total change.
Operating profit was $16.3M, a 19.7% margin (up 19.5 points year over year). Of the extra revenue versus Q3 2025, 105% reached operating profit, above the 0% margin then. Total costs fell 1% while revenue rose 23%. The quarter ended with a net loss of $36.4M, after a profit of $33.1M the previous quarter. Net interest and other expense of $61.8M was the main reason.
Operating cash flow was $39.4M (down 20% year over year). Non-cash charges added back $2.2M of share-based compensation. Working capital and other items added $73.6M. Capital expenditures of $26.9M left free cash flow of $12.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $83.0M | +23% | 19.7% | −$36.4M | $39.4M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $91.0M | +11% | 22.9% | $33.1M | $25.4M |
| Q1 2026 | 10-Q | May 4, 2026 | $67.4M | +2% | 8.8% | −$42.3M | $24.0M |
| Q4 2025 | 10-K | Mar 2, 2026 | $58.6M | +5% | -12.0% | −$739K | $37.4M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $67.4M | +16% | 0.2% | −$1.3M | $49.4M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $81.8M | +23% | 22.8% | $24.7M | $66.0M |
| Q1 2025 | 10-Q | May 5, 2025 | $66.2M | +8% | 8.1% | $2.7M | $17.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Vitesse Energy
Vitesse Energy, Inc. is focused on returning capital to stockholders through owning financial interests predominantly as a non-operator in oil and gas wells drilled by leading U.S. operators.
In its own words, from its 8-K, filed Aug 3, 2026.
Vitesse Energy against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +23% against the peers' median +46%. Operating margin: 19.7% against the peers' median 19.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| VTS Vitesse Energy | Q3 2026 | $83.0M | +23% | 19.7% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Vitesse Energy 10-Q on SEC EDGAR · CIK 1944558 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns VTS and who is buying
More on VTS
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results