VTS — what changed in the latest 10-Q
A section-by-section comparison of VTS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-04 vs the prior 10-Q · 2025-11-03
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +39 | −65 | ~15 | 26 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~3 | 2 |
| Controls & procedures | Text added/removed | +1 | −1 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +2 | −13 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-04
On March 26, 2026 we announced a leadership transition with Jamie Benard set to join our team as President and Chief Executive Officer effective May 1, 2026, the resignation of Robert Gerrity as our Chief Executive Officer and Chairman and the transition on May 1, 2026 of Brian Cree our existing Pre…
Our financial and operating performance for the three months ended March 31, 2026 included the following:
■Net loss of $42.3 million, including an unrealized loss on commodity derivatives of $48.2 million.
■Invested $18.7 million in capital development and acquisitions, net of divestitures.
Commodity prices are a significant factor impacting our earnings, operating cash flows and our acquisition and divestiture strategy, as well as the decisions of us and our operators in conducting operations. During the last several years, prices for oil and natural gas have experienced sustained vol…
Text removed vs the prior filing · source: 10-Q · 2025-11-03
Our financial and operating performance for the three months ended September 30, 2025 included the following:
■Paid quarterly dividend of $0.5625 per share to our common stockholders.
■Invested $31.8 million in capital development and acquisitions.
Commodity prices are a significant factor impacting our earnings, operating cash flows and our acquisition and divestiture strategy, as well as the decisions of us and our operators in conducting operations. During the last several years, prices for oil and natural gas have experienced periodic down…
As a result of such commodity price volatility, which we expect to continue throughout 2025, our earnings and operating cash flows can vary substantially. While we do hedge a substantial portion of our production, we are still significantly subject to movements in commodity prices. Such volatility c…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-04
Based upon our open commodity derivative positions at March 31, 2026, a hypothetical 10% increase or decrease in the NYMEX WTI strip price would decrease or increase our net commodity derivative position by approximately $27.6 million and $27.4 million, respectively. A hypothetical 10% increase or d…
Text removed vs the prior filing · source: 10-Q · 2025-11-03
Based upon our open commodity derivative positions at September 30, 2025, a hypothetical $1 increase or decrease in the NYMEX WTI strip price would increase or decrease our net commodity derivative position by approximately $1.7 million. The hypothetical change in fair value could be a gain or a los…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-04
assurance of achieving the desired control objective and management necessarily applies its judgment in evaluating the cost-benefit relationship of all possible controls and procedures.
Text removed vs the prior filing · source: 10-Q · 2025-11-03
On March 7, 2025, we completed the Lucero Acquisition. Management’s assessment and conclusion on the effectiveness of our internal control over financial reporting as of September 30, 2025 excludes an assessment of the internal control over financial reporting of Lucero. These exclusions are consist…
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-04
On March 30, 2026, Brian J. Cree (President and Interim Chief Executive Officer at such time), adopted a Rule 10b5-1 trading arrangement within the meaning of Item 408 of Regulation S-K, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act, pursuant to which a…
sold will be determined by a third-party agent in accordance with the plan once the amount of the tax withholding obligation is calculated at the time of vesting. The plan relates to 9,026 RSUs and 27,083 PSUs awarded to Mr. Cree. The plan terminates on the earlier of (i) December 31, 2026, (ii) the…
Text removed vs the prior filing · source: 10-Q · 2025-11-03
On September 22, 2025, Robert W. Gerrity (CEO), Brian J. Cree (President) and James P. Henderson (CFO), adopted Rule 10b5-1 trading arrangements within the meaning of Item 408 of Regulation S-K, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act, pursuant to…
Amended and Restated Certificate of Incorporation of Vitesse Energy, Inc.
Incorporated by reference to Exhibit 3.1 to Form 8-K filed January 17, 2023, File No. 001-41546
Incorporated by reference to Exhibit 3.2 to Form 8-K filed January 17, 2023, File No. 001-41546
Certification of the Chief Executive Officer required by Rule 13a, 14(a) or Rule 15d-14(a)
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice