Vitesse Energy, Inc.

Greetings and welcome to Vitesse Energy fourth quarter and full year 2025 earnings call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. Please note this conference call 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, everyone, and thanks for joining. Today, we will be discussing our 2025 results and our expectations for 2026. Our 10K earnings release and acquisition announcement were released yesterday after market close, 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 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. 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 will turn the call over to Vitesse's Chairman and CEO, Bob Garrity.

Thank you, Ben. Good morning, everyone, and thanks for joining today's call. In 2025, we continue to return capital to shareholders. We distributed $2.25 per share during the year and have now paid $6.32.5 per share since our spinoff in January of 23. We are committed to continuing that track record of returning capital across commodity cycles. We accomplished a great deal in 25. We continued to convert our undeveloped asset base to producing wells, closed and fully integrated the Lucero acquisition, which is performing as expected. We successfully settled a multi-year lawsuit and maintained a conservative balance sheet, all while navigating a volatile oil market. Last Sunday, we signed a definitive agreement to acquire non-operated assets in the Powder River Basin of Wyoming for $35 million of the test shares, effective January 1, 2026. These assets consist of over 6,000 net acres and 29 net undeveloped locations, producing an anticipated average of 1,400 net BOE per day in 2026. with EOG and Continental serving as the primary operators. We expect to close this accretive acquisition at the beginning of the second quarter. Last week, our board declared a first quarter dividend at an annual rate of $1.75 per share, with the majority of our 2026 oil production hedged at prices that support this distribution and a capital efficient drilling program, we believe this dividend allows us to allocate capital to high return investment opportunities while keeping our balance sheet conservative. For the first time, our 2025 dividends were classified as return of capital for tax purposes. We expect the majority of our 2026 dividends to be treated the same. I will now turn the call over to my partner and company president, Brian Cree, to provide more detail on our operations. Good morning, everyone.