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Vitesse (VTS) investor relations material
Vitesse 17th Annual Southwest IDEAS Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business overview and strategy
Focuses on non-operated participation in wells, mainly in North Dakota's Bakken Play, with some exposure in Colorado's DJ Basin.
Maintains over 50,000 net acres and consistently pursues acquisitions, adjusting capital spending based on market conditions.
Prioritizes a dividend yield above 10%, with capital allocation decisions centered on sustaining this payout.
Leverages technological advancements, such as longer laterals and improved drilling efficiency, to enhance returns.
Utilizes a robust data system and AI to inform investment and operational decisions.
Capital allocation and financial discipline
Dividend maintenance is the top priority, with flexibility to reduce capital spending or acquisitions to protect it.
Maintains a strong balance sheet, targeting leverage below 1x, with willingness to temporarily exceed for strategic acquisitions.
Production averages 17,000–17,500 Boe/d, with a focus on returns and dividend stability over production growth.
Share buybacks are considered but not executed due to favorable trading levels; debt paydown remains important.
Capital allocation decisions are made quarterly, adapting to market and operational changes.
Operational and technological developments
Longer laterals (up to four miles) and optimized well spacing have improved economics and unlocked previously lower-tier acreage.
Drilling costs per lateral foot have declined 26% (46% inflation-adjusted) since 2014, while production per foot has increased 75%.
About 50% of new well proposals feature three- or four-mile laterals, with creative drilling techniques like horseshoe laterals emerging.
AI integration enhances data analysis, supporting all departments and improving decision-making.
The company remains 80% undeveloped, expecting continued reserve unlocking through innovation.
- TimeTickerHeadlineOpen
- 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebPECO
2026 FFO per share growth guided at 5.5% with record occupancy and robust acquisitions. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway. - 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRI
Revenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects. - 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position.
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