Filing Flows › Vitesse Energy (VTS) › Q1 2026
Vitesse Energy (VTS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Vitesse Energy (VTS) reported revenue of $67.4M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +15% from the quarter before. Operating margin was 8.8%, net loss $42.3M (62.7% of revenue).
Vitesse Energy, Q1 2026: revenue $67.4M (+2% year over year), operating margin 8.8%, net loss $42.3M, operating cash flow $24.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.4M | +15% | +2% |
| Operating profit | $5.9M | — | +10% |
| Net earnings | −$42.3M | — | -1685% |
| Operating cash flow | $24.0M | -36% | +37% |
| Free cash flow | $5.0M | -27% | — |
What changed
Revenue was $67.4M in Q1 2026, up 2% year over year and up 15% from the previous quarter. Oil was the largest line at 89% of revenue. Oil added $1.1M year over year (up 2%), 88% of the total change.
Operating profit was $5.9M, a 8.8% margin (up 0.6 points year over year). Of the extra revenue versus Q1 2025, 43% reached operating profit, above the 8% margin then. Total costs grew 1% against revenue growth of 2%. The quarter ended with a net loss of $42.3M, wider than the previous quarter's $739K loss. Net interest and other expense of $57.7M was the main reason.
Operating cash flow was $24.0M (up 37% year over year). Non-cash charges added back $725K of share-based compensation. Working capital and other items added $65.6M. Capital expenditures of $19.0M left free cash flow of $5.0M.
Questions
What was Vitesse Energy's revenue in the first quarter 2026?
Vitesse Energy (VTS) reported revenue of $67.4M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +15% from the quarter before.
Was Vitesse Energy profitable in the first quarter 2026?
Operating profit was $5.9M (8.8% of revenue) and net loss $42.3M.
Source: Vitesse Energy 10-Q on SEC EDGAR.