Vitesse Energy Announces Hedging Update and Board Member Transition

Vitesse Energy, Inc. (NYSE: VTS) ("Vitesse" or the "Company") today announced a hedging update related to opportunistic additional hedges through 2027 at price levels that support its dividend, along with the transition of M. Bruce Chernoff from Vitesse's Board of Directors (the "Vitesse Board").

HEDGING UPDATE

Vitesse hedges a portion of its expected oil, natural gas, and NGL production volumes to increase the predictability and certainty of its cash flow and to help maintain a strong financial position to support its dividend. In light of the recent commodity price environment, the Company has added substantial hedges and select NGL hedges since it released its fourth quarter and full year 2025 results. Based on the midpoint of its previously released annual 2026 guidance, Vitesse has approximately 67% of its 2026 oil production hedged. The following table summarizes Vitesse's open commodity derivative contracts scheduled to settle after December 31, 2025, including those entered in 2026.

Crude oil swaps:

INDEX

SETTLEMENT
PERIOD

VOLUME HEDGED (Bbls)

WEIGHTED AVERAGE FIXED
PRICE

WTI-NYMEX

Q1 2026

529,291

$65.87

WTI-NYMEX

Q2 2026

613,509

$66.77

WTI-NYMEX

Q3 2026

490,679

$65.01

WTI-NYMEX

Q4 2026

427,155

$64.20

WTI-NYMEX

Q1 2027

135,000

$63.51

WTI-NYMEX

Q2 2027

330,000

$65.25

WTI-NYMEX

Q3 2027

285,000

$65.74

WTI-NYMEX

Q4 2027

285,000

$65.74

Crude oil collars:

INDEX

SETTLEMENT
PERIOD

VOLUME HEDGED (Bbls)

WEIGHTED AVERAGE
FLOOR/CEILING PRICE

WTI-NYMEX

March 2026

15,000

$60.00 / $70.00

WTI-NYMEX

Q2 2026

135,000

$60.00 / $67.20

WTI-NYMEX

Q3 2026

168,000

$58.04 / $67.51

WTI-NYMEX

Q4 2026

168,000

$58.04 / $67.51

WTI-NYMEX

Q1 2027

300,000

$55.75 / $66.44

WTI-NYMEX

Q2 2027

45,000

$60.00 / $64.25

Natural gas collars:

INDEX

SETTLEMENT
PERIOD

VOLUME HEDGED (MMbtu)

WEIGHTED AVERAGE
FLOOR/CEILING PRICE

Henry Hub-NYMEX

Q1 2026

1,526,700

$3.73 / $4.94

Henry Hub-NYMEX

Q2 2026

1,578,700

$3.73 / $4.91

Henry Hub-NYMEX

Q3 2026

1,510,800

$3.73 / $4.90

Henry Hub-NYMEX

Q4 2026

1,452,700

$3.73 / $4.90

Henry Hub-NYMEX

Q1 2027

795,000

$4.00 / $5.68

Natural gas basis swaps:

INDEX

SETTLEMENT
PERIOD

VOLUME HEDGED (MMbtu)

WEIGHTED AVERAGE FIXED
PRICE

Chicago City Gate to Henry Hub

2026

6,068,900

$(0.10)

Chicago City Gate to Henry Hub

2027

795,000

$0.30

Natural gas liquids swaps:

INDEX

SETTLEMENT
PERIOD

VOLUME HEDGED (Gallons)

WEIGHTED AVERAGE FIXED
PRICE

Mont Belvieu Ethane

2026

2,176,000

$0.26

Conway Propane

2026

3,323,000

$0.71

Mont Belvieu Iso-Butane

2026

417,000

$0.91

Mont Belvieu Normal Butane

2026

1,248,000

$0.88

Mont Belvieu Natural Gasoline

2026

1,541,000

$1.34

Conway Propane

2027

1,560,000

$0.67

Mont Belvieu Iso-Butane

2027

180,000

$0.84

Mont Belvieu Normal Butane

2027

600,000

$0.81

Mont Belvieu Natural Gasoline

2027

720,000

$1.29

BOARD MEMBER TRANSITION

Effective March 13, 2026, Mr. Chernoff resigned from the Vitesse Board due to personal time constraints. The Company expresses its gratitude toward Mr. Chernoff, a former director of Lucero Energy Corp. prior to its merger with Vitesse, for his beneficial contributions to the Board.

ABOUT Vitesse Energy, INC.

Vitesse Energy, Inc. is focused on returning capital to stockholders through owning financial interests predominantly as a non-operator in oil and gas wells drilled by leading U.S. operators.

More information about Vitesse can be found at www.vitesse-vts.com .

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this release regarding Vitesse's financial position, operating and financial performance, business strategy, dividend plans and practices, guidance, plans and objectives of management for future operations, and industry conditions are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "continue," "anticipate," "target," "could," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future production and sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond Vitesse's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in oil and natural gas prices; the pace of drilling and completions activity on Vitesse's properties; Vitesse's ability to acquire additional development opportunities; potential acquisition transactions; integration and benefits of acquisitions or the effects of such acquisitions on Vitesse's cash position and levels of indebtedness; changes in Vitesse's reserves estimates or the value thereof; disruptions to Vitesse's business due to acquisitions and other significant transactions; infrastructure constraints and related factors affecting Vitesse's properties; cost inflation or supply chain disruption; ongoing legal disputes over the Dakota Access Pipeline; the impact of general economic or industry conditions, nationally and/or in the communities in which Vitesse conducts business; changes in the interest rate environment, legislation or regulatory requirements; changes in U.S. trade policy, including the imposition of and changes in tariffs and resulting consequences; conditions of the securities markets; Vitesse's ability to raise or access capital; cyber-related risks; changes in accounting principles, policies or guidelines; and financial or political instability, health-related epidemics, acts of war (including hostilities in the Middle East, the conflict in Ukraine and the evolving situation in Venezuela) or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting Vitesse's operations, products and prices. Additional information concerning potential factors that could affect future results is included in the section entitled "Item 1A. Risk Factors" and other sections of Vitesse's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as updated from time to time in amendments and subsequent reports filed with the Securities and Exchange Commission, which describe factors that could cause Vitesse's actual results to differ from those set forth in the forward looking statements.

Vitesse has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond Vitesse's control. Vitesse does not undertake any duty to update or revise any forward-looking statements, except as may be required by the federal securities laws.

INVESTOR AND MEDIA CONTACT
Ben Messier, CFA
Director – Investor Relations and Business Development
(720) 532-8232
benmessier@vitesse-vts.com

News Provided by Business Wire via QuoteMedia

VTS
The Conversation (0)
EnerCom Announces SM Energy as a Keynote Speaker at the 31st EnerCom Denver - The Energy Investment Conference, on August 19, 2026, in Denver, Colorado

EnerCom Announces SM Energy as a Keynote Speaker at the 31st EnerCom Denver - The Energy Investment Conference, on August 19, 2026, in Denver, Colorado

Investors are encouraged to register for EnerCom Denver The Energy Investment Conference, featuring a broad group of public and private energy companiesSponsorship opportunities are available for companies seeking to increase their market presence DENVER, July 31, 2026 /PRNewswire/ -- EnerCom,... Keep Reading...
EnerCom Announces Liberty Energy as a Keynote Speaker at the 31st Annual EnerCom Denver- The Energy Investment Conference, August 17-19, 2026, in Denver, Colorado

EnerCom Announces Liberty Energy as a Keynote Speaker at the 31st Annual EnerCom Denver- The Energy Investment Conference, August 17-19, 2026, in Denver, Colorado

Investors are encouraged to register for EnerCom Denver The Energy Investment Conference, featuring a broad group of public and private energy companiesLimited presentation openings are available for E&P, Midstream, OFS, Energy Transition, and Emerging Technology companiesSponsorship... Keep Reading...
EnerCom Opens Registration for the 31st Annual Energy Investment Conference August 17-19, 2026 in Denver, Colorado

EnerCom Opens Registration for the 31st Annual Energy Investment Conference August 17-19, 2026 in Denver, Colorado

Investors are encouraged to register for EnerCom Denver The Energy Investment Conference featuring a broad group of public and private energy companiesSponsorship opportunities are available for companies seeking to increase their market presence DENVER, April 13, 2026 /PRNewswire/ -- EnerCom,... Keep Reading...
EnerCom Announces Initial List of Presenting Companies for the 31st Annual Energy Investment Conference to be held August 17-19, 2026, in Denver, Colorado

EnerCom Announces Initial List of Presenting Companies for the 31st Annual Energy Investment Conference to be held August 17-19, 2026, in Denver, Colorado

EnerCom Denver The Energy Investment Conference marks 31 years of connecting companies, investors, analysts, and leaders in the energy industry!Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for... Keep Reading...
Red Mountain Mining

Acquisition of “Thompson Falls” High-Grade Antimony Project Adjacent to America’s only Antimony Smelter

Red Mountain Mining Limited (ASX: RMX, US CODE: RMXFF, or “Company”), a Critical Minerals exploration and development company with an established portfolio in Tier-1 Mining Districts in the United States and Australia, is pleased to announce the Company’s newly-acquired Thompson Falls Antimony... Keep Reading...
Candlestick chart with Canadian flag motif, rising bar graph and world map background.

Cenovus Inks C$5.7 Billion Deal to Acquire Athabasca Oil

Cenovus Energy (TSX:CVE,NYSE:CVE) struck a C$5.7 billion cash-and-stock deal to acquire Athabasca Oil (TSX:ATH,OTCPL:ATHOF), betting that Ottawa's expedited approval of a new Pacific pipeline will unlock stranded production growth in the Canadian oil sands.The deal adds approximately 45,000... Keep Reading...
Oil barrels on black background with golden world map.

Oil Tops US$102 per Barrel as G7 Readies Reserve Release

The Group of Seven (G7) nations will release 100 million barrels of strategic energy reserves over the next four months to tame record fuel costs, as Brent crude oil holds above US$102 per barrel amid escalating US military deployments to the Middle East.Brent traded at US$102.24 per barrel and... Keep Reading...
Angkor Resources' Subsidiary Receives Ministry of Environment Approval to Drill Four Sub-Basins on Block VIII, Cambodia

Angkor Resources' Subsidiary Receives Ministry of Environment Approval to Drill Four Sub-Basins on Block VIII, Cambodia

(TheNewswire) GRANDE PRAIRIE, ALBERTA TheNewswire - (September 30, 2026): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF OTCQB: ANKOF) ("ANGKOR" OR "THE COMPANY") is pleased to announce that Cambodia's Ministry of Environment ("MoE") has granted final approval for the Company's wholly owned... Keep Reading...
Syntholene Engages Imperial College of London Expert for Independent Technical Review of Operating Data from Iceland Demonstration Facility

Syntholene Engages Imperial College of London Expert for Independent Technical Review of Operating Data from Iceland Demonstration Facility

Review to be led by Nigel Brandon, OBE, FREng, FRS, Dean of Imperial College London's Faculty of Engineering and Professor of Sustainable Development in EnergySyntholene Energy Corp. (TSXV: ESAF,OTC:SYNTF) (OTCQB: SYNTF) (FSE: 3DD0) ("Syntholene" or the "Company") announced today that it has... Keep Reading...
The dark Earth horizon displays glowing city lights under a deep blue sky in a nighttime view from space.

McKinsey: Global Energy Shock Absorbers Are Wearing Thin

Global energy markets absorbed the largest supply disruption in modern history this year, but a newly released McKinsey & Company report warns that the infrastructure shielding the global economy from a 1970s-style recession is rapidly deteriorating.The on-and-off closure of the Strait of Hormuz... Keep Reading...
Syntholene Announces First Analyst Coverage by Research Capital

Syntholene Announces First Analyst Coverage by Research Capital

Syntholene Energy Corp. (TSXV: ESAF,OTC:SYNTF) (OTCQB: SYNTF) (FSE: 3DD0) ("Syntholene" or the "Company") announces that Research Capital Corporation has initiated equity research coverage of the Company. Research Capital is the first independent equity research group to publish analyst coverage... Keep Reading...

Interactive Chart

Latest Press Releases

Related News