Earnings Call Summary | Vitesse Energy(VTS.US) Q4 2023 Earnings Conference
Earnings Call Summary | Vitesse Energy(VTS.US) Q4 2023 Earnings Conference
The following is a summary of the Vitesse Energy, Inc. (VTS) Q4 2023 Earnings Call Transcript:
以下是維特斯能源公司（VTS）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Vitesse Energy reported an annual production of 11,889 BOE per day in 2023, with Q4 production reaching 13,652 BOE per day, exceeding their forecast.
Adjusted EBITDA for the year stood at $157 million and adjusted net income was $53.6 million, with a GAAP net income reporting a loss of $19.7 million.
Cash CapEx and acquisition costs were at $120.5 million, financed through operating cash flows and credit facility withdrawals.
Year-end debt amounted to $81 million resulting in an overall leverage ratio of 0.5x.
The company paid a $2 per share fixed dividend in 2023 and declared a 2024 first quarter cash dividend of $0.50 per share.
Total proved reserves at year-end 2023 stood at 40.6 million BOE, with the PV-10 value of total proved reserves being $682 million.
The company has 42% of its full year 2024 oil production hedged at approximately $79 per barrel.
Vitesse Energy報告稱，2023年英國石油日產量爲11,889英鎊，第四季度日產量達到13,652桶油當量，超出了他們的預期。
該年度調整後的息稅折舊攤銷前利潤爲1.57億美元，調整後的淨收入爲5,360萬美元，GAAP淨收益報告的虧損爲1,970萬美元。
現金資本支出和收購成本爲1.205億美元，通過運營現金流和信貸額度提款融資。
年終債務總額爲8,100萬美元，總槓桿率爲0.5倍。
該公司在2023年支付了每股2美元的固定股息，並宣佈2024年第一季度現金分紅爲每股0.50美元。
截至2023年底，總探明儲量爲4,060萬桶當量，其中 PV-10 總探明儲量的價值爲6.82億美元。
該公司將其2024年全年石油產量的42％對沖至每桶約79美元。
Business Progress:
業務進展：
Vitesse Energy focuses on allocating capital to high return projects, and maintaining a conservative balance sheet through strategic acquisitions.
The company has successfully managed to maintain a substantial 9% yield on dividends calculated weekly.
Despite a severe weather event, the company maintained its 2024 production and CapEx guidance.
The company is investing in three-mile lateral wells and anticipates an industry shift towards this technique.
Vitesse Energy has 6.7 net wells either drilling or in the completing phase, another 9.9 net wells have been approved for development.
The company is exploring M&A opportunities and actively seeking to acquire non-operational assets.
They are on schedule to start operations of the Trans Mountain pipeline in Q2 2024.
For 2024, Vitesse maintains its guidance focusing on a strong pipeline of potential transactions and production projected to range from 12,500 to 13,500 BOE per day. The company intends to maintain this growth through minimal leverage and maintaining a simple capital structure.
Vitesse Energy專注於向高回報項目分配資本，並通過戰略收購維持保守的資產負債表。
該公司成功地保持了每週計算的9％的股息收益率。
儘管發生了惡劣的天氣事件，但該公司仍維持了其2024年的產量和資本支出預期。
該公司正在投資三英里的橫向油井，並預計行業將轉向這種技術。
Vitesse Energy有6.7口淨井正在鑽探或處於完工階段，另有9.9口淨井已獲准開發。
該公司正在探索併購機會，並積極尋求收購非運營資產。
他們計劃於2024年第二季度開始跨山管道的運營。
對於2024年，Vitesse維持其指導方針，重點是大量潛在交易和產量，預計每天將從12,500英鎊到13,500英鎊不等。該公司打算通過最低槓桿率和維持簡單的資本結構來維持這種增長。
More details: Vitesse Energy IR
更多詳情： Vitesse Energy IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。