Vitesse Energy : Presentation Q1 2026

Published: 2026-05-04 16:24:09 ET VTS

Published on 05/04/2026 at 04:24 pm EDT

May 2026

Vitesse is the French word for velocity. VTS represents the velocity of capital compounding.

A Long Duration Asset

80%+ of assets comprised of undeveloped resources

High Yielding

9% fixed dividend yield(1)

Inflation Protected

Oil-weighted asset offers outsized beta to inflation

Leveraged to Technology

Undeveloped locations continue to become more capital efficient over time

Currently approved $1.75 annualized dividend divided by 5/1/26 closing price of $18.77

$0.4375 per Share Quarterly Cash Dividend

Deep Inventory with > 200 Remaining Net Two-Mile-Equivalent Locations

Strategy Focused on Drill-Bit Ready Non-Op Interests

Demonstrated Track Record of Accretive Asset Acquisitions

Opportunistic

$60 Million Share Repurchase Program Approved

Target Leverage

< 1.0x,

Consistent with Historical Operations

Dividends are subject to board approval and compliance with restrictions in credit agreement.

$50 - $80

MM(1)

2026E Capex

16.0 - 17.5

MBoe/d(1)

2026E Net Production

Vitesse is a predominantly non-operated working and mineral interest owner of oil and natural gas assets primarily in the Bakken oil field in North Dakota

Asset diversification and strong inventory of undeveloped locations

$413 MM(2)

PDP PV-10

> 200

Net Estimated Two-Mile-Equivalent Locations

Vitesse has interests in 7,859 productive wells (238.2 net wells) with an average working interest of 3.6% per working interest well

Vitesse estimates there are >200 remaining net undeveloped two-mile-equivalent locations across its asset, of which 28.6 were Proved Undeveloped as of December 31, 2025

~25

Years of Drilling Inventory

$473 MM(2)

1P PV-10

Development across the asset offers high return reinvestment opportunities

690 gross (19.5 net) wells drilling, completing or permitted for development

Low maintenance capex underpins free cash flow(3) generation

Note: Financial and operating information as of April 30, 2026, unless otherwise noted.

Based on 2026 guidance issued on March 2, 2026.

Based on Vitesse's Cawley, Gillespie & Associates, Inc. year-end report as of December 31, 2025. WTI of $66.01/Bbl and Henry Hub of $3.39/MMBtu before adjustment for differentials. PV-10 is a non-GAAP financial measure. See the Appendix for a reconciliation to the most comparable GAAP measure.

Free cash flow is a non-GAAP financial measure. See slide 2 for definition.

Diversification across 30+ operators and 7,564 productive Bakken wells means no single well can make or break Vitesse's results

Historically, Vitesse participates in 30-70% of the rigs drilling in the basin, effectively a Bakken ETF

23%

Other

21%

Chord

11%

Devon

Rigs on Vitesse Acreage

(19 of 28 in Bakken(1))

Vitesse PDP Wells Vitesse Non-Op Acreage

Vitesse Operated Acreage

Bakken Net Acres(2): 53,318

Note: Information provided as of April 24, 2026.

Includes rigs in North Dakota and Montana.

In addition, Vitesse owns 1,410 net mineral acres in the Williston Basin. 6

Powder River Basin

WYOMING

PRB NET ACRES

6,103

Campbell

ACREAGE BY OPERATOR · % NET

EOG 86%

Continental 8%

Other 6%

Converse

PRB GROSS PRODUCTIVE WELLS

147

Vitesse Non-Op Acreage

Vitesse PDP Wells

DJ Basin

WYOMING

DJ NET ACRES(1)

203

ACREAGE BY OPERATOR · % NET

Bison 51%

Unleased Minerals 42%

Chevron 7%

DJ GROSS PRODUCTIVE WELLS

148

COLORADO

Vitesse Non-Op Acreage

Vitesse PDP Wells

Note: Information provided as of April 24, 2026.

In addition, Vitesse owns 59 net mineral acres in the DJ Basin.

Our proprietary data system, Luminis, is a central repository of data that serves as the single source of truth for reporting and provides inputs for modeling and guiding financial decisions.

DATA AI

Our custom-built, scalable software is designed to enable us to efficiently manage thousands of additional wells with the same level of effort.

AI helps Vitesse quickly identify patterns and trends in large datasets, uncovering insights that humans might not detect.

Luminis Enables Us to Scale Assets Without

MODEL CHAT BOT

Adding G&A

With our vast amount of data, we model opportunities utilizing the most up to date information from our accounting, land, finance, engineering and operations teams.

Vitesse's internally developed chat bot allows users to interact with our data for immediate clarity to complex questions.

Significant Free Cash Flow(1)

Limited capex required to keep production flat, supporting free cash flow

Dividend Payer

$0.4375 per share quarterly dividend

High Quality and Long Duration Asset

80%+ of assets comprised of undeveloped resources

History of Economic Transactions

Over 200 acquisitions and divestitures totaling more than $795 million

Prudent Risk Management

Target Net Debt / Adjusted EBITDA(1) less than 1.0x, oil, gas, and NGL hedges into 2028, and diversified assets

Process Oriented

Highly scalable, data-driven proprietary systems established to scrutinize every financial decision

Strong Investor Alignment

Vitesse insiders own ~20% of the outstanding shares(2)

Note: Information as of May 1, 2026.

Net debt, Adjusted EBITDA and Free Cash Flow are non-GAAP measures. See slide 2 for definitions.

Includes equity awards to Vitesse insiders and assumes full vesting of such awards. 9

Appendix

Reconciliation of 1P PV-10 and PDP PV-10 (Non-GAAP Financial Measures)

($ in thousands)

2025

Standardized measure

$438,976

Plus: Future income taxes, discounted at 10%

$33,709

1P PV-10 (non-GAAP)

$472,685

(Less): Proved developed non-producing PV-10

($2,539)

(Less): Proved undeveloped PV-10

($57,361)

PDP PV-10 (non-GAAP)

$412,785

Note: The above tables reconcile certain Vitesse Energy, Inc. non-GAAP financial information to Vitesse's respective U.S. GAAP measures. Vitesse believes that the disclosed non-GAAP measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures are useful to investors as they enable investors to evaluate Vitesse results through the eyes of management. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP.

Disclaimer

Vitesse Energy Inc. published this content on May 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 04, 2026 at 20:20 UTC.