Filing Flows › Vitesse Energy (VTS) › Q2 2025
Vitesse Energy (VTS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Vitesse Energy (VTS) reported revenue of $81.8M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +24% from the quarter before. Operating margin was 22.8%, net earnings $24.7M (30.2% of revenue).
Vitesse Energy, Q2 2025: revenue $81.8M (+23% year over year), operating margin 22.8%, net earnings $24.7M, operating cash flow $66.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.8M | +24% | +23% |
| Operating profit | $18.7M | +247% | +11% |
| Net earnings | $24.7M | +824% | +126% |
| Operating cash flow | $66.0M | +277% | +88% |
| Free cash flow | $30.4M | — | +185% |
What changed
Revenue was $81.8M in Q2 2025, up 23% year over year and up 24% from the previous quarter. Oil was the largest line at 81% of revenue. Natural gas added $12.7M year over year (up 513%), 84% of the total change.
Operating profit was $18.7M, a 22.8% margin (down 2.4 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 25% margin then. Total costs grew 27% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $24.7M, up 126% year over year. The effective tax rate was 28.6%. Non-operating items added $15.9M, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $66.0M (up 88% year over year), 268% of net earnings. Non-cash charges added back $2.4M of share-based compensation. Working capital and other items added $39.0M. Capital expenditures of $35.6M left free cash flow of $30.4M.
Questions
What was Vitesse Energy's revenue in the second quarter 2025?
Vitesse Energy (VTS) reported revenue of $81.8M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +24% from the quarter before.
Was Vitesse Energy profitable in the second quarter 2025?
Operating profit was $18.7M (22.8% of revenue) and net earnings $24.7M.
Source: Vitesse Energy 10-Q on SEC EDGAR.