VITESSE ENERGY ANNOUNCES THIRD QUARTER 2026 RESULTS

VITESSE ENERGY ANNOUNCES THIRD QUARTER 2026 RESULTS GREENWOOD VILLAGE, Colo. – November 2, 2026 – Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today reported the Company’s third quarter 2026 financial and operating results and revised 2026 annual guidance. THIRD QUARTER 2026 HIGHLIGHTS •GAAP net loss of $36.4 million, including a non-cash unrealized loss on commodity derivatives of $46.6 million, and Adjusted Net Income(1) of $2.5 million •Adjusted EBITDA(1) of $39.3 million •Cash flow from operations of $39.4 million and Free Cash Flow(1) of $9.4 million •Production of 16,824 barrels of oil equivalent (“Boe”) per day (60% oil) •Total cash capital expenditures of $53.0 million, net of divestitures, including $25.9 million for the previously announced Denver-Julesburg (“DJ”) Basin Acquisition •Total debt of $190.5 million and Net Debt to Adjusted EBITDA ratio(1) of 1.3 (1) Non-GAAP financial measure; see reconciliation schedules at the end of this release MANAGEMENT COMMENTS “The third quarter was highlighted by the successful closing of the DJ Basin acquisition, which reinforces our ability to identify and capitalize on attractive investment opportunities,” stated Jamie Benard, Vitesse’s President and Chief Executive Officer. “We expect the transaction to add meaningful cash flow at a valuation accretive to all key metrics while expanding our position in the DJ Basin. This investment, along with anticipated continuation of accelerated drilling and completion activities, reflects Vitesse’s strategy of disciplined capital allocation, strengthening our portfolio, supporting our dividend, and generating sustainable returns for our stockholders.” “Vitesse’s balance sheet remains conservative, with target leverage at or below 1.0x,” said James Henderson, Vitesse’s Chief Financial Officer. “Our hedge portfolio is designed to provide additional cash flow visibility and supports our confidence in maintaining our quarterly dividend and low leverage.” SUBSEQUENT EVENT •In October 2026, expanded availability under revolving credit facility by $15 million, with elected commitments and borrowing base equal to $290 million. STOCKHOLDER RETURNS On October 28, 2026, Vitesse declared its fourth quarter cash dividend of $0.4375 per share for stockholders of record as of December 15, 2026, which will be paid on December 31, 2026. On September 30, 2026, the Company paid its third quarter cash dividend of $0.4375 per share to common stockholders of record as of September 15, 2026. FINANCIAL AND OPERATING RESULTS Third quarter net loss was $36.4 million and Adjusted Net Income was $2.5 million. Adjusted EBITDA was $39.3 million. See “Non-GAAP Financial Measures” below. Oil and natural gas production for the third quarter of 2026 averaged 16,824 Boe per day, with the quarter only including one month of contribution from our Denver-Julesburg Basin Acquisition, which closed in September 2026. Oil represented 60% of production and 92% of total oil and natural gas revenue. Total revenue, including the effects of our realized hedges, was $71.0 million. Vitesse’s average realized oil and natural gas prices before hedging were $82.56 per Bbl and $1.73 per Mcf, respectively, during the third quarter of 2026. The Company had hedges covering 76% of oil production and its realized oil price with hedging was $68.33 per Bbl. Its realized natural gas price with hedging was $2.06 per Mcf. Lease operating expenses in the third quarter of 2026 were $19.2 million, or $12.42 per Boe. General and administrative expenses totaled $4.9 million, or $3.19 per Boe. LIQUIDITY AND CAPITAL EXPENDITURES As of September 30, 2026, Vitesse had $0.7 million in cash and $190.5 million of borrowings outstanding on its revolving credit facility. Vitesse had total liquidity of $85.2 million as of September 30, 2026, consisting of cash and $84.5 million of committed borrowing availability under its revolving credit facility. In October 2026, the Company amended its revolving credit facility to increase elected commitments and borrowing base from $275 million to $290 million. During the third quarter of 2026, Vitesse invested $26.9 million in development capital expenditures and acquired $26.2 million of oil and gas properties, including $25.9 million for the previously announced Denver-Julesburg Basin Acquisition. The closing payment was net of preliminary and customary purchase price adjustments and remains subject to post-closing cash settlements with the seller. OPERATIONS UPDATE As of September 30, 2026, the Company owned an interest in 314 gross (6.5 net) wells that were either drilling or in the completion phase, and another 349 gross (13.0 net) locations that had been permitted for development. During the third quarter of 2026, Vitesse’s operators began drilling on 2.0 net wells and brought 2.0 net wells into production, compared to 1.8 net wells and 1.7 net wells, respectively, in the second quarter. REVISED 2026 ANNUAL GUIDANCE Vitesse revised its 2026 annual guidance to reflect the Denver-Julesburg Basin Acquisition closed in September and anticipated drilling and completion activity levels for the remainder of the year. Prior 2026 Guidance Revised 2026 Guidance Annual Production (Boe per day) 16,300 - 17,200 16,600 - 17,200 Oil as a Percentage of Annual Production 60% - 62% 60% - 62% Drilling and Completion Cash Capital Expenditures ($ in millions) $65 - $80 $80 - $90 THIRD QUARTER 2026 RESULTS The following table sets forth selected financial and operating data for the periods indicated. THREE MONTHS ENDED SEPTEMBER 30, INCREASE (DECREASE) ($ in thousands, except production and per unit data) 2026 2025 AMOUNT PERCENT Financial and Operating Results: Revenue Oil $ 76,516 $ 64,422 $ 12,094 19 % Natural gas 6,436 3,021 3,415 113 % Total revenue $ 82,952 $ 67,443 $ 15,509 23 % Operating Expenses Lease operating expense $ 19,223 $ 18,465 $ 758 4 % Production taxes 7,499 6,229 1,270 20 % General and administrative 4,944 5,743 (799) (14 %) Depletion, depreciation, amortization, and accretion 32,790 34,216 (1,426) (4 %) Equity-based compensation 2,165 2,682 (517) (19 %) Interest Expense $ 3,252 $ 2,381 $ 871 37 % Commodity Derivative (Loss) Gain, Net $ (58,588) $ 681 $ (59,269) * Income Tax (Benefit) Expense $ (9,144) $ (254) $ (8,890) * Production Data: Oil (MBbls) 927 1,079 (152) (14 %) Natural gas (MMcf) 3,726 3,555 171 5 % Combined volumes (MBoe) 1,548 1,671 (123) (7 %) Daily combined volumes (Boe/d) 16,824 18,163 (1,339) (7 %) Average Realized Prices before Hedging: Oil (per Bbl) $ 82.56 $ 59.73 $ 22.83 38 % Natural gas (per Mcf) 1.73 0.85 0.88 104 % Combined (per Boe) 53.59 40.36 13.23 33 % Average Realized Prices with Hedging: Oil (per Bbl) $ 68.33 $ 62.71 $ 5.62 9 % Natural gas (per Mcf) 2.06 1.14 0.92 81 % Combined (per Boe) 45.87 42.91 2.96 7 % Average Costs (per Boe): Lease operating $ 12.42 $ 11.05 $ 1.37 12 % Production taxes 4.84 3.73 1.11 30 % General and administrative 3.19 3.44 (0.25) (7 %) Depletion, depreciation, amortization, and accretion 21.18 20.48 0.70 3 % *Not meaningful. COMMODITY HEDGING Vitesse hedges a portion of its expected oil and natural gas production volumes in an effort to increase the predictability and certainty of its cash flow and to help maintain a strong financial position to support its dividend. Based on the midpoint of its revised 2026 guidance, Vitesse has approximately 64% of its remaining 2026 oil production hedged and approximately 57% of its remaining 2026 two-stream natural gas production hedged through its natural gas and natural gas liquids hedges. The following tables summarize Vitesse’s open commodity derivative contracts scheduled to settle after September 30, 2026. 2026 2027 2028 2029 2030 Oil: NYMEX WTI - Swaps: Volume (Bbl) 473,542 1,767,748 1,739,034 1,039,975 36,081 Weighted Average Fixed Price ($/Bbl) $ 65.47 $ 68.42 $ 71.63 $ 67.68 $ 64.74 NYMEX WTI - Two Way Collars: Collar Put Volume (Bbl) 168,000 345,000 — — — Collar Call Volume (Bbl) 168,000 345,000 — — — Weighted Average Floor Price ($/Bbl) $ 58.04 $ 56.30 $ — $ — $ — Weighted Average Ceiling Price ($/Bbl) $ 67.51 $ 66.15 $ — $ — $ — Natural Gas: CIG Rockies Fixed - Swaps: Volume (MMBtu) 301,474 1,109,764 967,438 858,852 776,185 Weighted Average Fixed Price ($/MMBtu) $ 2.70 $ 2.81 $ 3.30 $ 3.28 $ 3.20 Chicago Basis (NGI) - Basis Swaps: Volume (MMBtu) 1,452,700 795,000 — — — Weighted Average Fixed Price ($/MMBtu) $ (0.10) $ 0.30 $ — $ — $ — NYMEX Henry Hub - Two Way Collars: Collar Put Volume (MMBtu) 1,452,700 795,000 — — — Collar Call Volume (MMBtu) 1,452,700 795,000 — — — Weighted Average Floor Price ($/MMBtu) $ 3.73 $ 4.00 $ — $ — $ — Weighted Average Ceiling Price ($/MMBtu) $ 4.90 $ 5.68 $ — $ — $ — NGL: Mont Belvieu Ethane - Swaps: Volume (Gal) 498,000 — — — — Weighted Average Fixed Price ($/Gal) $ 0.26 $ — $ — $ — $ — Conway Propane - Swaps: Volume (Gal) 1,332,000 3,360,000 — — — Weighted Average Fixed Price ($/Gal) $ 0.71 $ 0.67 $ — $ — $ — Mont Belvieu Propane - Swaps: Volume (Gal) 450,000 1,800,000 1,800,000 — — Weighted Average Fixed Price ($/Gal) $ 0.71 $ 0.70 $ 0.66 $ — $ — Mont Belvieu Iso-Butane - Swaps: Volume (Gal) 184,000 480,000 300,000 — — Weighted Average Fixed Price ($/Gal) $ 1.00 $ 0.91 $ 0.84 $ — $ — Mont Belvieu Normal Butane - Swaps: Volume (Gal) 483,000 1,200,000 600,000 — — Weighted Average Fixed Price ($/Gal) $ 0.96 $ 0.86 $ 0.81 $ — $ — Mont Belvieu Natural Gasoline - Swaps: Volume (Gal) 589,000 1,440,000 720,000 — — Weighted Average Fixed Price ($/Gal) $ 1.49 $ 1.41 $ 1.40 $ — $ — The following table presents Vitesse’s settlements on commodity derivative instruments and unsettled gains and losses on open commodity derivative instruments for the periods presented: THREE MONTHS ENDED SEPTEMBER 30, (in thousands) 2026 2025 Realized (loss) gain on commodity derivatives (1) $ (11,951) $ 4,258 Unrealized (loss) on commodity derivatives (1) (46,637) (3,577) Total commodity derivative (loss) gain $ (58,588) $ 681 (1)Realized and unrealized gains and losses on commodity derivatives are presented herein as separate line items but are combined for a total commodity derivative (loss) gain in the statements of operations included below. Management believes the separate presentation of the realized and unrealized commodity derivative gains and losses is useful, providing a better understanding of our hedge position. THIRD QUARTER 2026 EARNINGS CONFERENCE CALL In conjunction with Vitesse’s release of its financial and operating results, investors, analysts and other interested parties are invited to listen to a conference call with management on Tuesday, November 3, 2026 at 11:00 a.m. Eastern Time. An updated corporate slide presentation that may be referenced on the conference call will be posted prior to the conference call on Vitesse’s website, www.vitesse-vts.com, in the “Investor Relations” section of the site, under “News & Events,” sub-tab “Presentations.” Those wishing to listen to the conference call may do so via the Company’s website or by phone as follows: Website: https://event.choruscall.com/mediaframe/webcast.html?webcastid=3TpSzvYW Dial-In Number: 877-407-0778 (US/Canada) and +1 201-689-8565 (International) Conference ID: 13763059 - Vitesse Energy Third Quarter 2026 Earnings Call Replay Dial-In Number: 877-660-6853 (US/Canada) and +1 201-612-7415 (International) Replay Access Code: 13763059 - Replay will be available through November 10, 2026 UPCOMING INVESTOR EVENT Vitesse management will participate in the following upcoming investor event: •Southwest IDEAS Conference - Dallas - November 18, 2026 Any investor presentations to be used for this event will be posted prior to the event on Vitesse’s website, www.vitesse-vts.com, in the “Investor Relations” section of the site, under “News & Events,” sub-tab “Presentations.” 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. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this release regarding Vitesse’s financial position, operating and financial performance, business strategy, dividend plans and practices, guidance, plans and objectives of management for future operations, and industry conditions are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future production and sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond Vitesse’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in oil and natural gas prices; the pace of drilling and completions activity on Vitesse’s properties; Vitesse’s ability to acquire additional development opportunities; potential acquisition transactions; integration and benefits of acquisitions, including the Denver-Julesburg Basin Acquisition, or the effects of such acquisitions on Vitesse’s cash position and levels of indebtedness; changes in Vitesse’s reserves estimates or the value thereof; disruptions to Vitesse’s business due to acquisitions and other significant transactions; infrastructure constraints and related factors affecting Vitesse’s properties; cost inflation or supply chain disruption; ongoing legal disputes over the Dakota Access Pipeline; the impact of general economic or industry conditions, nationally and/or in the communities in which Vitesse conducts business; changes in the interest rate environment, legislation or regulatory requirements; changes in U.S. trade policy, including the imposition of and changes in tariffs and resulting consequences; conditions of the securities markets; Vitesse’s ability to raise or access capital; cyber-related risks; changes in accounting principles, policies or guidelines; and financial or political instability, health-related epidemics, acts of war (including continued hostilities in the Middle East, including conflict with Iran and disruption to key maritime shipping routes in the region, the conflict in Ukraine and developments in Venezuela) or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting Vitesse’s operations, products and prices. Additional information concerning potential factors that could affect future results is included in the section entitled “Item 1A. Risk Factors” and other sections of Vitesse’s Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as updated from time to time in amendments and subsequent reports filed with the SEC, which describe factors that could cause Vitesse’s actual results to differ from those set forth in the forward-looking statements. Vitesse has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond Vitesse’s control. Vitesse does not undertake any duty to update or revise any forward-looking statements, except as may be required by the federal securities laws. FINANCIAL INFORMATION VITESSE ENERGY, INC. Consolidated Statements of Operations FOR THE THREE MONTHS ENDED FOR THE NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, (in thousands, except share data) 2026 2025 2026 2025 Revenue Oil $ 76,516 $ 64,422 $ 223,039 $ 189,957 Natural gas 6,436 3,021 18,327 25,412 Total revenue 82,952 67,443 241,366 215,369 Operating Expenses Lease operating expense 19,223 18,465 52,533 51,949 Production taxes 7,499 6,229 21,622 18,181 General and administrative 4,944 5,743 19,680 18,185 Depletion, depreciation, amortization, and accretion 32,790 34,216 98,787 95,355 Equity-based compensation 2,165 2,682 5,625 7,555 Total operating expenses 66,621 67,335 198,247 191,225 Operating Income 16,331 108 43,119 24,144 Other (Expense) Income Commodity derivative (loss) gain, net (58,588) 681 (91,550) 18,960 Interest expense (3,252) (2,381) (8,888) (7,825) Other income (expense), net 5 27 (74) 153 Total other (expense) income (61,835) (1,673) (100,512) 11,288 (Loss) Income Before Income Taxes $ (45,504) $ (1,565) $ (57,393) $ 35,432 (Provision for) Benefit from Income Taxes 9,144 254 11,833 (9,416) Net (Loss) Income $ (36,360) $ (1,311) $ (45,560) $ 26,016 Weighted average common shares – basic 42,258,562 39,135,284 41,466,826 37,127,254 Weighted average common shares – diluted 42,258,562 39,135,284 41,466,826 39,060,395 Net (loss) income per common share – basic $ (0.86) $ (0.03) $ (1.10) $ 0.70 Net (loss) income per common share – diluted $ (0.86) $ (0.03) $ (1.10) $ 0.67 VITESSE ENERGY, INC. Consolidated Balance Sheets SEPTEMBER 30, DECEMBER 31, (in thousands, except shares) 2026 2025 Assets Current Assets Cash $ 650 $ 1,328 Accrued revenue 50,581 30,620 Commodity derivatives 70 14,252 Prepaid expenses and other current assets 3,612 5,967 Total current assets 54,913 52,167 Oil and Gas Properties-Using the successful efforts method of accounting Proved oil and gas properties 1,661,848 1,525,890 Less accumulated DD&A and impairment (789,829) (691,963) Total oil and gas properties, net 872,019 833,927 Other Property and Equipment—Net 83 123 Commodity derivatives 14 184 Other noncurrent assets 6,305 6,949 Total assets $ 933,334 $ 893,350 Liabilities and Equity Current Liabilities Accounts payable $ 4,638 $ 11,803 Accrued liabilities 45,701 39,141 Commodity derivatives 33,948 — Other current liabilities 338 307 Total current liabilities 84,625 51,251 Revolving credit facility 190,500 124,500 Deferred tax liability 55,660 67,493 Asset retirement obligations 19,572 14,022 Commodity derivatives 6,347 46 Other noncurrent liabilities 5,694 6,721 Total liabilities $ 362,398 $ 264,033 Commitments and Contingencies Equity Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at September 30, 2026 and December 31, 2025, respectively $ — $ — Common stock, $0.01 par value, 95,000,000 shares authorized; 42,802,648 and 40,615,302 shares issued at September 30, 2026 and December 31, 2025, respectively 428 406 Additional paid-in capital 618,117 630,961 Accumulated deficit (47,609) (2,050) Total equity 570,936 629,317 Total liabilities and equity $ 933,334 $ 893,350 NON-GAAP FINANCIAL MEASURES Vitesse defines Adjusted Net Income (Loss) as net income (loss) before (i) non-cash gains and losses on unsettled derivative instruments, (ii) non-cash equity-based compensation, (iii) provision for (benefit from) income taxes, and (iv) certain other items such as material general and administrative costs, reduced by the estimated impact of income tax expense. Net Debt is calculated by deducting cash on hand from the amount outstanding on our revolving credit facility as of the balance sheet or measurement date. Adjusted EBITDA is defined as net income (loss) before expenses for interest, income taxes, depletion, depreciation, amortization and accretion, and excludes non-cash equity-based compensation and non-cash gains and losses on unsettled derivative instruments in addition to certain other items such as material transaction and general and administrative costs. Vitesse defines Free Cash Flow as cash flow from operations, adjusting for changes in operating assets and liabilities in addition to certain other items such as material general and administrative costs, less development of oil and gas properties. Management believes the use of these non-GAAP financial measures provides useful information to investors to gain an overall understanding of financial performance. Specifically, management believes the non-GAAP financial measures included herein provide useful information to both management and investors by excluding certain items that management believes are not indicative of Vitesse’s core operating results. In addition, these non-GAAP financial measures are used by management for budgeting and forecasting as well as subsequently measuring Vitesse’s performance, and management believes it is providing investors with financial measures that most closely align to its internal measurement processes. A reconciliation of each of the non-GAAP financial measures to the most directly comparable GAAP measure is included below. RECONCILIATION OF ADJUSTED NET INCOME (in thousands) FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2026 Net Loss $ (36,360) Add: Unrealized loss on derivative instruments 46,637 Equity-based compensation 2,165 Benefit from income taxes (9,144) Adjusted Income Before Adjusted Income Tax Expense 3,298 Adjusted Income Tax Expense(1) (768) Adjusted Net Income (non-GAAP) $ 2,530 (1)The Company determined the income tax impact on the “Adjusted Income Before Adjusted Income Tax Expense” using the relevant statutory tax rate of 23.3%. RECONCILIATION OF NET DEBT AND ADJUSTED EBITDA (in thousands, except for ratio) AT SEPTEMBER 30, 2026 Revolving Credit Facility $ 190,500 Less: Cash 650 Net Debt $ 189,850 (in thousands, except for ratio) FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2026 FOR THE TRAILING TWELVE MONTHS ENDED SEPTEMBER 30, 2026 Net (Loss) Income $ (36,360) $ (46,298) Add: Interest expense $ 3,252 $ 11,270 Provision for (Benefit from) income taxes (9,144) (11,451) Depletion, depreciation, amortization, and accretion 32,790 132,843 Equity-based compensation 2,165 8,316 Unrealized loss (gain) on derivative instruments 46,637 52,534 Transaction and other G&A, net — 2,400 Adjusted EBITDA $ 39,340 $ 149,614 Net Debt to Adjusted EBITDA ratio 1.3 RECONCILIATION OF FREE CASH FLOW (in thousands) FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2026 Net cash provided by operating activities $ 39,375 Add: Changes in operating assets and liabilities (3,033) Cash flow from operations before changes in operating assets and liabilities 36,342 Less: Development of oil and gas properties (26,896) Free Cash Flow $ 9,446 INVESTOR AND MEDIA CONTACT Ben Messier, CFA Vice President, Finance & Corporate Development (720) 532-8232 benmessier@vitesse-vts.com