Vitesse Energy, Inc. (NYSE:VTS) Q4 2022 Earnings Conference Call February 14, 2023 9:00 AM ET

Company Participants

Ben Messier - Director of Investor Relations

Bob Gerrity - Chairman and Chief Executive Officer

Brian Cree - President

David Macosko - Chief Financial Officer

Conference Call Participants

Stephen Richardson - Evercore ISI

Donovan Schafer - Northland Capital Markets

Operator

Greetings. Welcome to Vitesse Energy Full-Year 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. Please note this conference is being recorded.

I will now turn the conference over to Ben Messier, Director of Investor Relations. Thank you. You may begin.

Ben Messier

Good morning, and thank you for joining the Vitesse’s first conference call as an independent, publicly traded company. Today, we will be discussing our financial and operating results for the full-year 2022. We released yesterday after the market closed. You can access our earnings release on our Investor Relations website and our Form 10-K will be filed with the SEC in the coming days. We have also posted a new Investor presentation on the website.

I’m joined here this morning with Vitesse’s Chairman and CEO, Bob Gerrity; our President; Brian Cree; and CFO, Dave Macosko. Our agenda for today’s call is as follows: Bob will provide opening remarks regarding Vitesse and our return of capital strategy. After Bob, Brian will give you an overview of our assets and operations, and then Dave will review our 2022 financial results and 2023 guidance. After the conclusion of our prepared remarks, the executive team will be available to answer questions.

Before we begin, let’s cover our safe harbor language. Please be advised that our remarks today, including the answers to your questions, may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to the risks and uncertainties, some of which are beyond our control that could cause actual results to be materially different from the expectations contemplated by these forward-looking statements. Those risks include, among others, matters that we have described in our earnings release. We disclaim any obligation to update these forward-looking statements, except as may be required by applicable securities laws.

During our conference call, we may discuss certain non-GAAP financial measures, including adjusted EBITDA, net debt to adjusted EBITDA and free cash flow. Reconciliations of these measures to the closest GAAP measures can be found in the earnings release that we issued yesterday.