Vitesse Energy

Q2 FY2026 EarningsQ2 FY26 results presented a significant beat on GAAP earnings while missing top-line and operational cash flow expectations. Revenue of $91.0M (+11% YoY) exceeded the $80.5M consensus, primarily driven by a 55% surge in realized oil prices before hedging. However, Adjusted Net Income of $1.8M and Normalized EPS of $0.04 (calculated) significantly missed the consensus mean of $13.0M and -$0.01 respectively, largely due to an $18.2M realized derivative loss. Management tightened FY2026 production guidance to 16,300-17,200 Boe/d and raised the floor of cash CapEx guidance to $65-$80M.