Vitesse Energy Management
Management criteria checks 2/4
Vitesse Energy's CEO is Bob Gerrity, appointed in Aug 2022, has a tenure of 2.42 years. total yearly compensation is $25.15M, comprised of 2.2% salary and 97.8% bonuses, including company stock and options. directly owns 1.68% of the company’s shares, worth $13.00M. The average tenure of the management team and the board of directors is 2.4 years and 2 years respectively.
Key information
Bob Gerrity
Chief executive officer
US$25.2m
Total compensation
| CEO salary percentage | 2.2% |
| CEO tenure | 2.4yrs |
| CEO ownership | 1.7% |
| Management average tenure | 2.4yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
Vitesse Energy Will Use Bakken Bolt-On To Bolster The Dividend
Dec 17Vitesse Energy: Still Preferring Alternatives
Dec 08Vitesse Energy Shows Why It Remains A Strong Dividend Growth Choice
Aug 04Analysts Predict Vitesse Energy Should Show Strong Profits In 2024
Jan 28Vitesse Energy: A Bright Outlook Inspires Optimism
Oct 25Vitesse Energy Is A Bakken Power Player
Aug 08Vitesse Energy: Deserves Spot In Portfolios Seeking High Capital Returns With Upside Potential
Jun 06Vitesse Energy, Inc. declares $0.50 dividend
Feb 13Vitesse Energy Is Going To Offer A 15% Dividend Yield
Feb 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$46m |
| Jun 30 2024 | n/a | n/a | US$27m |
| Mar 31 2024 | n/a | n/a | US$26m |
| Dec 31 2023 | US$25m | US$548k | -US$22m |
| Sep 30 2023 | n/a | n/a | -US$41m |
| Jun 30 2023 | n/a | n/a | -US$40m |
| Mar 31 2023 | n/a | n/a | -US$50m |
| Dec 31 2022 | US$2m | US$500k | US$0 |
Compensation vs Market: Bob's total compensation ($USD25.15M) is above average for companies of similar size in the US market ($USD3.22M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
CEO
Bob Gerrity (71 yo)
2.4yrs
Tenure
US$25,152,442
Compensation
Mr. Robert W. Gerrity, also known as Bob, is Chairman of the Board at Vitesse Energy, LLC since January 13, 2023 and also serves as its Chief Executive Officer & Director since August 05, 2022. Mr. Gerrity...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 2.4yrs | US$25.15m | 1.68% $ 13.0m | |
| President | 2.4yrs | US$11.46m | 0.49% $ 3.8m | |
| Chief Financial Officer | 1.4yrs | US$4.72m | 0.17% $ 1.3m | |
| VP & Chief Accounting Officer | no data | no data | 0.12% $ 899.1k | |
| VP & CTO | no data | no data | no data | |
| General Counsel & Secretary | no data | no data | no data | |
| Controller | no data | no data | no data |
2.4yrs
Average Tenure
61yo
Average Age
Experienced Management: VTS's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 2.4yrs | US$25.15m | 1.68% $ 13.0m | |
| Director | 2yrs | US$313.08k | 9.01% $ 69.9m | |
| Independent Director | 2yrs | US$265.58k | 0.028% $ 218.8k | |
| Independent Director | 2yrs | US$265.58k | 0.028% $ 218.8k | |
| Lead Independent Director | 2yrs | US$290.58k | 0.042% $ 323.8k | |
| Director | 2yrs | US$313.08k | 3.99% $ 30.9m | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Independent Director | 2yrs | US$265.58k | 0.054% $ 416.5k |
2.0yrs
Average Tenure
70.5yo
Average Age
Experienced Board: VTS's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 10:25 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Vitesse Energy, Inc. is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Grampp | Alliance Global Partners |
| Stephen Richardson | Evercore ISI |
| Francis Lloyd Byrne | Jefferies LLC |