Vitesse Energy, Inc.

Greetings, and welcome to the Vitesse Energy second 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 that this conference is being recorded. I will now turn the conference over to the Director, Investment Relations and Business Development at Vitesse, Ben Messier. Thank you. You may begin.

Good morning, everyone, and thanks for joining. Today, we will be discussing our financial and operating results for the second quarter of 2025. Our 10 Q1 earnings were released yesterday after market closed, and an updated investor presentation can be found on the Vitesse website. I'm joined this morning by our chairman and CEO, Bob Garrity, our president, Brian Cree, and our CFO, Jimmy Henderson. Before we begin, please be reminded that this column 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 the TESAS Chairman and CEO, Bob Garrity.

Thank you, Ben, and good morning, everyone. The second quarter demonstrated the resilience of our asset and the discipline of our team. I want to thank our team members for the awesome job they continue to do. Importantly, we are positioned to deliver in a subdued oil price market while remaining well prepared for when prices strengthen. During the second quarter of 25, we fully integrated the Lucero assets and certain employees into the test with the accretive impact apparent in our financial metrics and balance sheet. The asset is performing as expected, and we are realizing better G&A synergies than we underwrote. The operated leg to our strategy provides another lever that we can pull at our discretion. We successfully settled a multi-year lawsuit with one of our key operating partners, which resulted in a one-time cash payment, as well as entering into long-term gas gathering, processing, and marketing agreements. Kudos to our team for their diligent efforts in seeing this through. We continue to invest capital selectively while generating excess free cash flow that was used to reduce debt. We allocate capital based on our returns-driven hierarchy, as noted in our investor presentation posted on our website. And again, we're not held to a fixed capital budget. As I've said before, in addition to our organic drilling, we are always looking at both near-term development deals and larger asset acquisitions. That will support the dividend, but these deals must meet our strict return hurdles. Additional hedges were added in the quarter to take advantage of increased oil prices, and we will continue to make decisions that bolster the dividend. Last week, our Board declared our third quarter dividend at an annual rate of $2.25 per share. I will now hand the call over to our president, my partner, Brian Cree, to discuss our operations.