Vitesse Energy Q3 results: derivative loss weighs, adjusted EBITDA at $39.3 million

what happened

Oil producer Vitesse Energy reported its third quarter 2026 results, according to TradingView. The company posted a net loss of $36.4 million, mostly reflecting a non-cash unrealized loss of $46.6 million on commodity derivatives. Adjusted EBITDA came in at $39.3 million, and free cash flow at $9.4 million.

Production averaged 16,824 barrels of oil equivalent per day, with oil making up 60% of the total. Vitesse also revised its annual outlook, raising drilling and completion capital spending to $80–90 million from the previous $65–80 million. The change reflects the Denver-Julesburg Basin acquisition, which closed in September.

why it matters

Hedging creates a clear gap in prices: the average realized oil price before hedges was $82.56 per barrel, versus $68.33 with hedges. The company hedged 76% of its oil output, so part of its revenue is locked in and depends less on swings in WTI. Total debt at quarter end was $190.5 million, and the net debt to adjusted EBITDA ratio stood at 1.3.

market impact

WTI and US oil producers: hedging cushions the company's revenue from price swings

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