Vitesse Energy, Inc.

Greetings and welcome to the VITAS Energy's first quarter 2025 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 would now like to turn the conference over to the Director, Investor Relations and Business Development at VITAS, Ben Messier. Thank you. You may begin.

Good morning and thank you for joining. Today, we will be discussing our financial and operating results for the first quarter of 2025 and revised annual guidance. Our 10Q and earnings were released yesterday after market close, 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 10Q and earnings release. Now I will turn the call over to Vitesse's Chairman and CEO, Bob Garrity.

Thanks, Ben, and good morning, everyone. Thank you for participating in today's earnings call. The first quarter of 2025 was a step change for Vitesse with the acquisition of Lucero. This operating leg gives us additional affirmative decision-making ability and further control over our capital spending. We can now toggle our activity in a new way. This complements our already dynamic business model, which allows us to adapt quickly to the changing macro environment. Our business plan, which includes our long-duration asset, low leverage, and disciplined hedging strategy, positions us not only to withstand but to be opportunistic during market disruptions. The oil and gas industry is highly cyclical. Sometimes it's best to expand the asset, and other times it is better to be highly disciplined and prudent with our spending. Our objective is to invest money at the highest rates of return possible, which allows us to return capital to our shareholders through all cycles. Reflecting the durability of our asset and business model, last week our board reaffirmed our dividend at an annual rate of $2.25 per share. I will now hand the call over to our President, Brian Cree, to discuss our operations.