Filing Flows › Vitesse Energy (VTS) › Q1 2025
Vitesse Energy (VTS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Vitesse Energy (VTS) reported revenue of $66.2M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +18% from the quarter before. Operating margin was 8.1%, net earnings $2.7M (4.0% of revenue).
Vitesse Energy, Q1 2025: revenue $66.2M (+8% year over year), operating margin 8.1%, net earnings $2.7M, operating cash flow $17.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.2M | +18% | +8% |
| Operating profit | $5.4M | +157% | -59% |
| Net earnings | $2.7M | — | — |
| Operating cash flow | $17.5M | -50% | -56% |
What changed
Revenue was $66.2M in Q1 2025, up 8% year over year and up 18% from the previous quarter. Oil was the largest line at 89% of revenue. Natural gas added $3.4M year over year (up 89%), 69% of the total change.
Operating profit was $5.4M, a 8.1% margin (down 13.2 points year over year). Operating profit fell $7.7M even though revenue rose $5.0M versus a year earlier, so costs grew faster than sales. Total costs grew 26% against revenue growth of 8%. The fastest-growing cost line was General & admin (+126%). Net earnings were $2.7M. The effective tax rate was -8.1%.
Operating cash flow was $17.5M (down 56% year over year), 656% of net earnings. Non-cash charges added back $2.5M of share-based compensation. Working capital and other items added $12.4M. Capital expenditures of $28.8M exceeded it, leaving free cash flow of −$11.4M.
Questions
What was Vitesse Energy's revenue in the first quarter 2025?
Vitesse Energy (VTS) reported revenue of $66.2M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +18% from the quarter before.
Was Vitesse Energy profitable in the first quarter 2025?
Operating profit was $5.4M (8.1% of revenue) and net earnings $2.7M.
Source: Vitesse Energy 10-Q on SEC EDGAR.