Vitesse Energy Inc. Common Stock (VTS)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of businesses that depend on a commodity they do not control, and Vitesse fits that description. It owns non-operated oil and gas interests in the Williston Basin and Central Rockies, so other operators drill and Vitesse collects its share. That can be a decent cash-flow stream, but it has no pricing power and little operating control. The numbers show the volatility: in fiscal 2023 the company reported revenue of $233.9M and a net loss of $19.7M, or diluted EPS of -$0.73. In fiscal 2024 it earned $21.1M on $242.0M of revenue, and in fiscal 2025 it earned $25.3M on $274.0M of revenue, or diluted EPS of $0.64. More recently, fiscal Q1 2026, the quarter ended 2026-03-31, produced a net loss of $42.3M, while fiscal Q2 2026, the quarter ended 2026-06-30, produced net income of $33.1M and diluted EPS of $0.77. This is not stable earning power. The balance sheet looks reasonable: debt-to-equity is 0.25, and FairStock's price-to-book is 1.22 at the 2026-10-13 close. Yet FairStock's P/E is -57.19 because its trailing EPS is -$0.31, and its Altman Z-Score of 1.65 suggests limited safety. Free cash flow is $34.7M, a 4.6% yield, but the 9.99% dividend yield implies distributions substantially above that trailing free cash flow. The Lynch category is TURNAROUND, because the company returned to profit after a loss within the last three years. At EV/EBITDA of 6.96, the enterprise looks moderately priced, not a bargain of the century. Unless commodity prices cooperate and cash flow covers the distribution, a wider margin of safety is needed.

In plain English: Vitesse Energy owns pieces of oil and natural gas wells, mostly in the Williston Basin, and other companies handle the drilling and production. Its results swing a lot: it lost money in fiscal 2023 and in the quarter ended 2026-03-31, then earned $33.1M in the quarter ended 2026-06-30. At $17.73, the price looks roughly fair against modest full-year profits, while the high dividend is the main attraction and the main risk.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer