Vitesse Energy, Inc.

Greetings and welcome to Vitesse Energy's call to discuss the fourth quarter and full year 2024 earnings. At this time, all participants are in a listen-only mode. A question and answer session will follow a formal presentation. Please note this conference is being recorded. I will now turn the conference over to the Director of Investor Relations and Business Development at Vitesse, Ben Messier. Thank you.

You may begin. Good morning, and thank you for joining. Today, we will be discussing our 2024 results and the expectations for 2025, including the impact of the acquisition of Lucero Energy Corp., which closed last Friday. Our 10K in earnings were released yesterday after market closed, and an updated investor presentation can be found on the Vitesse website. I'm joined here this morning by Bob Garrity, Vitesse's chairman and CEO, our president, Brian Cree, and our CFO, Jimmy Henderson. Before we begin, please be reminded that this call may contain estimates, projections, and other forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are subject to several risks and uncertainties, many of which are beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations. Please review our earnings release and risk factors discussed in our filings with the SEC for additional information. In addition, today's discussion may reference non-GAAP financial measures. For reconciliation of historical non-GAAP financial measures to the most directly comparable GAAP measure, please reference our 10-K and earnings release. Now, I'll turn the call over to Vitesse's Chairman and CEO, Bob Garrity.

Thanks, Ben. Good morning, everyone, and thank you for participating in today's earnings call. In 2024, we continued to deliver on our mandate to return capital to shareholders. It was a good year. We increased our dividend in June and have now paid $4.07 of dividends per share since our spinoff in January 2023. While converting our undeveloped asset base to producing wells and sourcing highly economic deals, at the same time maintaining a conservative balance sheet. Last week, we closed the acquisition of Lucero Energy Corp in a stock-for-stock transaction. We expect this transaction to be immediately accretive to key financial metrics, bolstering the dividend and further strengthening our balance sheet. With Lucero now closed, Our board declared a quarterly dividend of 56.25 cents per common share to be paid on March 31st. That's $2.25 per share on an annualized basis. This represents a 7% increase to the dividend sequentially. Our board of directors has increased to nine members with Gary Reeves and Bruce Chernoff joining the Vitess board from Lucero. Their deep knowledge and experience will compliment our board nicely. I want to thank all the team members who have worked so diligently on this transaction, both from Lucero and Vitess. The hard work on both sides was key to its success. For 2025, Our strategy is consistent. We will continue to return capital to shareholders via the fixed dividend and allocate capital based on our returns-based hierarchy. We are well positioned to pursue additional acquisitions. I will now hand the call over to our President, Brian Cree, to discuss our operation.