Vitesse Energy Inc

Vitesse Energy announced on September 16 that it completed the acquisition of non-operated oil and gas assets in Colorado's Denver-Julesburg Basin for $26 million. The assets, operated by Chevron, are expected to produce 900 boe/day over the next year, with 28% of that being oil, a volume equal to roughly 5% of Vitesse's second-quarter average output of 17,354 boepd. Vitesse said the deal should be immediately accretive to earnings per share, operating cash flow, free cash flow and net asset value, and it hedged a significant portion of the acquired production through 2030. CEO and President Jamie Benard called the transaction a strategic, non-operated acquisition that adds a high-quality, predominantly proved developed producing asset base operated by Chevron and fits the company's disciplined strategy of delivering durable, low-risk returns. The company said the long-dated hedges support its $1.75 annualized dividend, though they also limit its upside if oil prices keep rising.

Vitesse Energy has completed a $26 million acquisition of non-operated oil and gas assets in Colorado's Denver-Julesburg Basin, buying the properties from Chevron-operated acreage. The company paid an initial unadjusted purchase price of $26 million, funded through cash on hand and borrowings under its revolving credit facility, with customary purchase price adjustments still applicable. The assets, located primarily in Weld County, Colorado, and operated entirely by Chevron, are expected to generate approximately 900 barrels of oil equivalent per day over the next 12 months, with oil accounting for 28% of production on a two-stream basis. The deal closed on Sept. 15, 2026, with an effective date of June 1, 2026, and Vitesse expects it to be immediately accretive on a per-share basis to earnings, operating cash flow, free cash flow and net asset value. Vitesse has also entered into commodity derivative contracts covering a significant portion of the acquired production through 2030 to support underwritten returns and cash-flow visibility.

Vitesse Energy reported second-quarter GAAP earnings per share of $0.77, beating analyst expectations by $0.71, while revenue of $91 million exceeded estimates by $10.5 million and rose 11.3% year-over-year. The company also revised its 2026 annual guidance, narrowing its production forecast to a range of 16,300 to 17,200 barrels of oil equivalent per day, with oil now expected to account for 60% to 62% of that output. Total cash capital expenditures for 2026 were tightened to between $65 million and $80 million, up from the prior range of $50 million to $80 million. Shares slipped 0.51% following the announcement.

StockStory highlights Patterson-UTI and Vitesse Energy as resilient long-term energy stocks while flagging Centrus Energy as risky. Patterson-UTI, with a $4.36 billion market cap, posted 12.5% annual revenue growth over the past decade and expanded its EBITDA margin by 3.4 percentage points in five years, trading at 4.8x forward EV-to-EBITDA. Vitesse Energy, valued at $701.2 million, boasts an 80% gross margin and 24.4% free cash flow margin, trading at 31.5x forward P/E. Centrus Energy, despite operating the only U.S. HALEU facility, has subscale revenue of $452.3 million, a low 32.5% gross margin, and a 38.7 percentage point drop in EBITDA margin, with shares at 37.9x forward P/E.

StockStory identified two profitable stocks for further research and one to avoid. LSI, a lighting and display solutions provider, posted 16.7% annual revenue growth over five years and 35.2% annual earnings per share growth, with its free cash flow margin expanding by 8.9 percentage points. Vitesse Energy, which holds non-operated stakes in oil and gas wells, boasts an 80% gross margin and strong free cash flow. In contrast, engine maker Cummins faces stagnating sales, a 24.7% gross margin pressured by high input costs, and diminishing returns on capital.