Key Highlights

• Vitesse Energy's $0.4375 quarterly Dividend trades with a September 15, 2026 record date, payable September 30, yielding approximately 11.28%.

• The company has returned Capital to stockholders for 15 consecutive quarters since becoming public, following a dividend resizing earlier this year alongside a CEO transition.

• Second-quarter production increased 9% sequentially to 17,354 Boe/d following integration of the Powder River Basin acquisition.

• Adjusted EBITDA was $40.2 million and adjusted Net Income was $1.8 million, compared with $33.1 million of GAAP net income that included a $40.2 million unrealized derivative gain.

Vitesse Energy's (NYSE:VTS) $0.4375 quarterly dividend trades with a September 15 Record Date and September 30 payment date. New CEO Jamie Benard reaffirmed on the Earnings Call that the company's priorities, a dividend funded by free cash flow, disciplined capital allocation, and a conservative balance sheet, remain unchanged following this year's dividend resizing, with production up 9% sequentially after integration of the Powder River Basin acquisition.

Dividend Program and Shareholder Returns

Vitesse declared a $0.4375 per share quarterly dividend for the third quarter, payable September 30 to shareholders of record September 15. The current annualized rate is $1.75 per share. This dividend followed a resizing of the payout earlier in 2026 alongside the Leadership transition, and Vitesse has returned capital to stockholders for 15 consecutive quarters since becoming public, meaning the current rate reflects a reset baseline that management has described as calibrated to sustainable free Cash Flow rather than the pre-resizing level.

About the Company

Vitesse Energy owns economic interests primarily in non-operated oil and natural-gas wells across the Williston/Bakken, Denver-Julesburg and Powder River basins, participating in wells operated by larger exploration-and-production companies.

Financial Performance Behind the Payout

Vitesse reported $72.8 million of Revenue including realized hedge effects in the second quarter, with $91.0 million of total revenue under standard accounting presentation. Net income was $33.1 million, but adjusted net income was only $1.8 million because reported earnings included a $40.2 million unrealized gain on Commodity derivatives. Adjusted EBITDA was $40.2 million, Operating Cash Flow was $25.4 million, and free cash flow was $16.3 million. Production increased 9% sequentially to 17,354 Boe/d, of which 60% was oil. Capital expenditures were $20.7 million, and Debt was $158.5 million, producing a net-debt-to-adjusted-EBITDA ratio of 1.0x.

Leadership Transition and Powder River Integration

CEO Jamie Benard reaffirmed the company's stated priorities, a durable dividend funded by free cash flow, disciplined capital allocation, and a conservative balance sheet, following the earlier dividend resizing. Production growth of 9% sequentially followed integration of the Powder River Basin acquisition.

Outlook

Continued production integration from the Powder River Basin acquisition, alongside adjusted EBITDA and free cash flow trends independent of derivative accounting swings, are the metrics to track through the next few quarters. Net debt levels relative to the current 1.0x ratio are the secondary balance-sheet variable.