Vitesse Energy
VTS on NYSE. Crude petroleum & natural gas. Market value $718m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Energy stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $5.52 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 60 of 100. Price score: 47 of 100. Our list needs 70 on quality and 60 on price.
$17.05 a share, 14% above its 1-year low
Over the past year the price has ranged from $15.00 to $23.80.
Dividend: 12.3% a year
Paid every year for 4 years
Payouts have jumped around in recent years, so this may not repeat.
Yields this high often come before a cut. Check the company's latest news.
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | ||||
| Revenue | $282m | $234m | $242m | $274m |
| Operating margin | ||||
| Operating margin | 54.6% | 14.9% | 16.9% | 6.3% |
| Debt to equity | ||||
| Debt to equity | n/a | n/a | n/a | n/a |
| Shares outstanding | ||||
| Shares outstanding | 0.03bn | 0.03bn | 0.04bn | 0.04bn |
Health checks
- Free cash flow positive4 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsShrinking, 0.9% a year
- Buying back its own sharesNo, 46% more shares since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $91 million last quarter, up 11% on a year ago.
- Profit: $33 million, up 34% on a year ago.
- It keeps 7 cents of each $1 of sales as operating profit, down from 13 cents a year earlier.
- Spare cash over the past 12 months: $40 million, down from $55 million.
- 5% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $58m |
| December 2024 | $56m |
| March 2025 | $66m |
| June 2025 | $82m |
| September 2025 | $67m |
| December 2025 | $59m |
| March 2026 | $67m |
| June 2026 | $91m |
| Quarter to | Amount |
|---|---|
| September 2024 | $17m |
| December 2024 | -$5m |
| March 2025 | $3m |
| June 2025 | $25m |
| September 2025 | -$1m |
| December 2025 | -$739,000 |
| March 2026 | -$42m |
| June 2026 | $33m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 2 March 2026
- Next quarterly (estimated, 10-Q)
- 2 November 2026
Who owns it
3 long-term investors we follow own it, up from 1 last quarter. 234 funds in all.
- First Manhattan Co.First Manhattan partners
- Value
- $192,299
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Cannell CapitalJ. Carlo Cannell | $6m | 4.0% | New |
| First Manhattan Co.First Manhattan partners | $192,299 | <0.1% | |
| Chou AssociatesFrancis Chou | $20,391 | <0.1% | New |
Largest holders overall
- Kimmeridge Energy Management Company$51mNew
- First Reserve GP XIII$46m
- BlackRock$41mAdded
- Mirae Asset Global Etfs Holdings$29mAdded
- State Street$26mAdded
- Punch & Associates Investment Management$25mAdded
- Dimensional Fund Advisors LP$22m
- Vanguard Capital Management$22mAdded
- Vanguard Portfolio Management$18mCut
- American Century Companies$17m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- FR XIII PetroShale Holdings L.P.Passive investorat least 7.6%(filed with 3 related holders)Since 7 March 2025
What they said
The information set forth in or incorporated by reference in Items 3, 5 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4. The Reporting Persons acquired the Common Stock in connection with the Closing. Except as described in this Schedule…
Read the filing - Joseph S. SteinbergInsider or founder7.4%Since 7 March 2025
What they said
The disclosure in Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On March 7, 2025, Vitesse and Lucero Energy Corp., a corporation existing under the laws of the Province of Alberta, Canada ("Lucero"), completed the previously announced transaction…
Read the filing - BlackRock, Inc.Passive investor5.0%Since 31 March 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
FR XIII PetroShale Holdings L.P. Passive investor | at least 7.6% (filed with 3 related holders) | 7 March 2025 | What they saidThe information set forth in or incorporated by reference in Items 3, 5 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4. The Reporting Persons acquired the Common Stock in connection with the Closing. Except as described in this Schedule… Read the filing |
Joseph S. Steinberg Insider or founder | 7.4% | 7 March 2025 | What they saidThe disclosure in Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On March 7, 2025, Vitesse and Lucero Energy Corp., a corporation existing under the laws of the Province of Alberta, Canada ("Lucero"), completed the previously announced transaction… Read the filing |
BlackRock, Inc. Passive investor | 5.0% | 31 March 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 3 insiders bought $2m of shares on the open market. 5 sold $9m, $7m of it under preset trading plans.
- STEINBERG JOSEPH SDirectorBought
- Date
- 15 June 2026
- Shares
- 40,882
- Price
- $16.16
- Value
- $660,653
- STEINBERG JOSEPH SDirectorBought
- Date
- 28 May 2026
- Shares
- 59,118
- Price
- $17.00
- Value
- $1m
- Cree BrianPresident & Interim CEOSold
- Date
- 31 March 2026
- Shares
- 50,000
- Price
- $18.51
- Value
- $925,500
- O Leary DanDirectorBought
- Date
- 31 March 2026
- Shares
- 10,000
- Price
- $18.56
- Value
- $185,600
- Henderson James PChief Financial OfficerBought
- Date
- 31 March 2026
- Shares
- 5,000
- Price
- $18.67
- Value
- $93,350
- Cree BrianPresident & Interim CEOSold
- Date
- 30 March 2026
- Shares
- 70,142
- Price
- $18.65
- Value
- $1m
- Henderson James PChief Financial OfficerBought
- Date
- 30 March 2026
- Shares
- 5,000
- Price
- $18.71
- Value
- $93,550
- Gerrity Robert WChief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 24 February 2026
- Shares
- 9,951
- Price
- $22.35
- Value
- $222,405
- Cree BrianPresidentSoldunder a preset trading plan
- Date
- 24 February 2026
- Shares
- 5,282
- Price
- $22.33
- Value
- $117,947
- Henderson James PChief Financial OfficerSoldunder a preset trading plan
- Date
- 24 February 2026
- Shares
- 2,366
- Price
- $22.31
- Value
- $52,785
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 15 June 2026 | STEINBERG JOSEPH S Director | Bought | 40,882 | $16.16 | $660,653 |
| 28 May 2026 | STEINBERG JOSEPH S Director | Bought | 59,118 | $17.00 | $1m |
| 31 March 2026 | Cree Brian President & Interim CEO | Sold | 50,000 | $18.51 | $925,500 |
| 31 March 2026 | O Leary Dan Director | Bought | 10,000 | $18.56 | $185,600 |
| 31 March 2026 | Henderson James P Chief Financial Officer | Bought | 5,000 | $18.67 | $93,350 |
| 30 March 2026 | Cree Brian President & Interim CEO | Sold | 70,142 | $18.65 | $1m |
| 30 March 2026 | Henderson James P Chief Financial Officer | Bought | 5,000 | $18.71 | $93,550 |
| 24 February 2026 | Gerrity Robert W Chief Executive Officer, Director | Sold under a preset trading plan | 9,951 | $22.35 | $222,405 |
| 24 February 2026 | Cree Brian President | Sold under a preset trading plan | 5,282 | $22.33 | $117,947 |
| 24 February 2026 | Henderson James P Chief Financial Officer | Sold under a preset trading plan | 2,366 | $22.31 | $52,785 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have shrunk: 0.9% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.