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 · 2026-08-03 vs the prior 10-Q · 2026-05-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +45 | −24 | ~23 | 33 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 2 |
| Controls & procedures | Text added/removed | +1 | −2 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +9 | −2 | ~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 · 2026-08-03
As previously announced, on May 1, 2026, Mr. Jamie Benard joined our team as President and Chief Executive Officer. On the same date, Mr. Brian Cree transitioned from President and Interim Chief Executive Officer to Senior Advisor, a role he will hold until his retirement on December 31, 2026.
■Invested $20.7 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…
The average year-to-date 2026 NYMEX oil price was $82.40 per barrel, or 22% higher than the 2025 average year-to-date oil price per barrel. Our settled derivatives decreased our average year-to-date 2026 realized oil price per barrel by $13.06 and
increased our average year-to-date 2025 realized oil price per barrel by $2.92. Our average year-to-date 2026 realized oil price per barrel after reflecting settled derivatives was $66.60 compared to $64.53 during the same period in 2025.
Text removed 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…
■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…
We employ a hedging program that partially mitigates the risk associated with fluctuations in commodity prices. For detailed information on our commodity hedging program, see Part I, Item 3 Quantitative and Qualitative Disclosures about Market Risk and Note 6 (“Derivative Instruments”) to the Conden…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-03
There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) and Rule 15d-15(f) under the Exchange Act) that occurred during the second quarter of 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over fina…
Text removed 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.
There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) and Rule 15d-15(f) under the Exchange Act) that occurred during the first quarter of 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over finan…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-03
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
Registration Rights Agreement, dated as of April 8, 2026, by and among Vitesse Energy, Inc., Titan Exploration, LLC and the other parties thereto.
Fifth Amendment to Second Amended and Restated Credit Agreement
Text removed 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…
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