Vitesse Energy Inc.

03/13/2026 | Press release | Distributed by Public on 03/13/2026 14:10

VITESSE ENERGY ANNOUNCES HEDGING UPDATE AND BOARD MEMBER TRANSITION (Form 8-K)

VITESSE ENERGY ANNOUNCES HEDGING UPDATE AND BOARD MEMBER TRANSITION
GREENWOOD VILLAGE, Colo. - Vitesse Energy, Inc. (NYSE: VTS) ("Vitesse" or the "Company") today announced a hedging update related to opportunistic additional hedges through 2027 at price levels that support its dividend, along with the transition of M. Bruce Chernoff from Vitesse's Board of Directors (the "Vitesse Board").
HEDGING UPDATE
Vitesse hedges a portion of its expected oil, natural gas, and NGL production volumes to increase the predictability and certainty of its cash flow and to help maintain a strong financial position to support its dividend. In light of the recent commodity price environment, the Company has added substantial hedges and select NGL hedges since it released its fourth quarter and full year 2025 results. Based on the midpoint of its previously released annual 2026 guidance, Vitesse has approximately 67% of its 2026 oil production hedged. The following table summarizes Vitesse's open commodity derivative contracts scheduled to settle after December 31, 2025, including those entered in 2026.

Crude oil swaps:
INDEX SETTLEMENT PERIOD VOLUME HEDGED (Bbls) WEIGHTED AVERAGE FIXED PRICE
WTI-NYMEX Q1 2026 529,291
$65.87
WTI-NYMEX Q2 2026 613,509
$66.77
WTI-NYMEX Q3 2026 490,679
$65.01
WTI-NYMEX Q4 2026 427,155
$64.20
WTI-NYMEX Q1 2027 135,000
$63.51
WTI-NYMEX Q2 2027 330,000
$65.25
WTI-NYMEX Q3 2027 285,000
$65.74
WTI-NYMEX Q4 2027 285,000
$65.74

Crude oil collars:
INDEX SETTLEMENT PERIOD VOLUME HEDGED (Bbls) WEIGHTED AVERAGE FLOOR/CEILING PRICE
WTI-NYMEX 3/1/2026 15,000
$60.00 / $70.00
WTI-NYMEX Q2 2026 135,000
$60.00 / $67.20
WTI-NYMEX Q3 2026 168,000
$58.04 / $67.51
WTI-NYMEX Q4 2026 168,000
$58.04 / $67.51
WTI-NYMEX Q1 2027 300,000
$55.75 / $66.44
WTI-NYMEX Q2 2027 45,000
$60.00 / $64.25

Natural gas collars:

INDEX SETTLEMENT PERIOD VOLUME HEDGED (MMbtu) WEIGHTED AVERAGE FLOOR/CEILING PRICE
Henry Hub-NYMEX Q1 2026 1,526,700
$3.73 / $4.94
Henry Hub-NYMEX Q2 2026 1,578,700
$3.73 / $4.91
Henry Hub-NYMEX Q3 2026 1,510,800
$3.73 / $4.90
Henry Hub-NYMEX Q4 2026 1,452,700
$3.73 / $4.90
Henry Hub-NYMEX Q1 2027 795,000
$4.00 / $5.68

Natural gas basis swaps:
INDEX SETTLEMENT PERIOD VOLUME HEDGED (MMbtu) WEIGHTED AVERAGE FIXED PRICE
Chicago City Gate to Henry Hub 2026 6,068,900
$(0.10)
Chicago City Gate to Henry Hub 2027 795,000
$0.30

Natural gas liquids swaps:
INDEX SETTLEMENT PERIOD VOLUME HEDGED (Gallons) WEIGHTED AVERAGE FIXED PRICE
Mont Belvieu Ethane 2026 2,176,000
$0.26
Conway Propane 2026 3,323,000
$0.71
Mont Belvieu Iso-Butane 2026 417,000
$0.91
Mont Belvieu Normal Butane 2026 1,248,000
$0.88
Mont Belvieu Natural Gasoline 2026 1,541,000
$1.34
Conway Propane 2027 1,560,000
$0.67
Mont Belvieu Iso-Butane 2027 180,000
$0.84
Mont Belvieu Normal Butane 2027 600,000
$0.81
Mont Belvieu Natural Gasoline 2027 720,000
$1.29

BOARD MEMBER TRANSITION
Effective March 13, 2026, Mr. Chernoff resigned from the Vitesse Board due to personal time constraints. The Company expresses its gratitude toward Mr. Chernoff, a former director of Lucero Energy Corp. prior to its merger with Vitesse, for his beneficial contributions to the Board.
ABOUT VITESSE ENERGY, INC.
Vitesse Energy, Inc. is focused on returning capital to stockholders through owning financial interests predominantly as a non-operator in oil and gas wells drilled by leading U.S. operators.
More information about Vitesse can be found at www.vitesse-vts.com.

Vitesse Energy, Inc. • 5619 DTC Parkway, Suite 700 • Greenwood Village, CO 80111

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