Emma Schwartz's questions to Vitesse Energy Inc (VTS) leadership • Q1 2025
Question
Emma Schwartz from Jefferies asked for more detail on Vitesse's willingness to flex its balance sheet to maintain the dividend and whether any credit facility limitations exist. She also inquired about the performance of the recently acquired Lucero assets and any resulting synergies or learnings.
Answer
Chairman and CEO Robert Gerrity emphasized that the dividend is Vitesse's 'product' and the company feels very confident in its ability to pay it, stating they are not restricted by the credit facility. CFO James Henderson added that while the facility has provisions, the company maintains a significant buffer. President Brian Cree reported that the Lucero asset integration is proceeding as expected, with performance matching their underwriting models, and noted the potential to use Vitesse's non-op portfolio to enhance the value of the operated assets.