Vermilion Energy

Vermilion Energy, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A. Ghersinich in 1994 and is headquartered in Calgary, Canada.

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Earnings data Q1 2024

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Earnings data Q4 2024

Vermilion Energy (VET) reports strong Q4 performance and growth outlook

Vermilion Energy (VET) showcased robust financial performance in Q4 2022, driven by debt reduction, record fund flows, and strategic acquisitions.
Despite challenges such as production downtime and market uncertainties, Vermilion's strong asset base and focus on shareholder returns position the company for sustainable growth.
With a proactive approach to production expansion and operational optimization, Vermilion is well-positioned to capitalize on opportunities and navigate potential challenges in the energy market.

Vermilion Energy reports robust Q1 performance and strategic growth plans

Vermilion Energy delivered strong financial results in Q1 2023, building on its record performance in 2022, with a focus on operational excellence and shareholder value creation.
The company's proactive approach to debt reduction, asset optimization, and strategic investments underscores its commitment to sustainable growth and financial strength.
While facing challenges such as market volatility and operational complexities, Vermilion Energy is well-positioned to capitalize on opportunities for growth and value creation in the energy sector.

Vermilion Energy reports strong Q2 performance amidst production challenges

Vermilion Energy's Q2 2023 showed resilience in production, financial performance, and strategic acquisitions. Challenges include North American production decline and Australia facility delays. Opportunities lie in debt reduction, increased shareholder returns, and strategic hedging.

Vermilion Energy (VET) excels in Q3, eyes growth and shareholder returns

Vermilion Energy (VET) showcased robust performance in Q3, focusing on production, fund flow, and free cash flow generation.
Despite challenges in international operations and increased capital expenditure, VET remains committed to achieving financial targets and enhancing shareholder value.
The company's strategic strengths, diverse project portfolio, and strong financial outlook position it well for future growth and increased returns to shareholders.
With a clear roadmap to reduce net debt and capitalize on growth opportunities, VET's operational momentum and financial discipline are key strengths.

Vermilion Energy (VET) reports solid Q4 results, focuses on growth

Vermilion Energy (VET) demonstrated financial resilience and operational strength in Q4 2023, meeting key targets and reducing debt.
Despite reserve decreases and operational challenges, the company remains focused on growth opportunities in new markets and operational improvements.
Strategic adjustments and continued focus on financial discipline position VET for sustainable growth and value creation in the future.
With a strong balance sheet and diverse operational portfolio, VET is poised to navigate market challenges and capitalize on emerging opportunities.

Vermilion Energy excels in Q1 with strategic growth focus

Vermilion Energy's Q1 earnings call showcases strong performance, proactive financial management, and strategic focus on growth opportunities. Challenges include political uncertainties in Europe and addressing shareholder concerns. The company's emphasis on debt reduction, dividend strategy, and capital reallocation positions it well for future growth.

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Canada's Vermilion Energy said on Monday that it sees current quarter production at the upper-end of its forecast after restarting production at its projects in Australia and Ireland.

Vermilion expects Q3 production at upper-end of forecast

CALGARY, AB , Sept. 11, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to provide an update on our Australia and Ireland operations and European gas hedge program.

Vermilion Energy Inc. Announces Restart of Wandoo Facility and Provides Operational Update

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Vermilion Energy (VET) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $1.68 per share a year ago.

Vermilion Energy (VET) Q2 Earnings Beat Estimates

CALGARY, AB , Aug. 2, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.10 CDN per share, payable on October 16, 2023 to all shareholders of record on September 29, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Vermilion Energy Inc. Announces $0.10 CDN Cash Dividend for October 16, 2023 Payment Date

CALGARY, AB , Aug. 2, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2023. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2023 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca , on EDGAR at www.sec.gov/edgar.shtml , and on Vermilion's website at www.vermilionenergy.com.

Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2023

CALGARY, AB , July 19, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) will release its 2023 second quarter operating and condensed financial results on Wednesday, August 2, 2023 after the close of North American markets. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2023 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com.

Vermilion Energy Inc. Announces Second Quarter 2023 Release Date and Conference Call and Webcast Details

CALGARY, AB , July 10, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that the Toronto Stock Exchange ("TSX") has approved the notice of Vermilion's intention to commence a normal course issuer bid ("NCIB") through the facilities of the Toronto Stock Exchange ("TSX"), New York Stock Exchange and other alternative trading platforms in Canada and USA. The NCIB allows Vermilion to purchase up to 16,308,587 common shares, representing approximately 10% of its public float as at June 28, 2023, over a twelve month period commencing on July 12, 2023.

Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid

Vermilion Energy Inc. offers an investment opportunity at a valuation of approximately 3x forward free cash flow. Natural gas plays a vital role in the 3Ds: Deglobalization, Decarbonization, and Digitalization trends. Energy security and the need for electricity intensify in an unstable geopolitical environment and digitalized world.

Vermilion: Fueling The Digital Era

Q1-23 was a decent quarter for Vermilion, with 82,455 boe/d in production, C$253M in fund flows, and C$98M in free cash flow. Vermilion is among the cheaper Canadian oil & natural gas producer, based on forward estimates. European windfall profit taxes didn't have as much of an impact as many feared.

Vermilion: The Q1-23 Result Confirms The Attractive Valuation

CALGARY, AB , May 15, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to report that it has restored approximately 60% of the 30,000 boe/d of production that was temporarily shut-in as a result of the wildfires in West Central Alberta. We have inspected all of our key assets and confirm that there was no major damage to our facilities or well sites, and we will bring the remaining curtailed production back online as soon as it is safe to do so.

Vermilion Energy Inc. Provides Update on the Production Impact from Alberta Wildfires

CALGARY, AB , May 8, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is providing the following update on the impact of the wildfires in Alberta. With the protection and safety of our people and local residents as the utmost priority, Vermilion is closely monitoring the wildfires surrounding our operations in West Central Alberta.

Vermilion Energy Inc. Provides Update on the Impact of Alberta Wildfires

Vermilion Energy (VET) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.33 per share a year ago.

Vermilion Energy (VET) Surpasses Q1 Earnings Estimates

Vermilion Energy Inc. (NYSE:VET ) Annual General Meeting & Q1 2023 Results May 3, 2023 5:00 PM ET Company Participants Robert Michaleski – Chair Lars Glemser – Vice President and Chief Financial Officer Bryce Kremnica – Vice President, North America Darcy Kerwin – Vice President, International and Health Safety & Environment Jenson Tan – Vice President-Business Development Dion Hatcher – President and Chief Executive Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Vermilion Energy Inc. (VET) Annual General Meeting & Q1 2023 Results Transcript

CALGARY, AB , May 3, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2023. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2023 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com , on EDGAR at www.sec.gov/edgar.shtml , and on Vermilion's website at www.vermilionenergy.com.

Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2023

CALGARY, AB , May 3, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.10 CDN per share, payable on July 17, 2023 to all shareholders of record on June 30, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Vermilion Energy Inc. Announces $0.10 CDN Cash Dividend for July 17, 2023 Payment Date

Due to higher demand from China, oil prices in the second half of 2023 can be higher than in the first half. For the increasing exports of LNG from North America to the European Union and higher domestic consumption in the electricity sector, Henry Hub's natural gas prices can increase to $3/MMBtu.

Vermilion Energy: Promising Market Outlook, Financials, And Risks

Vermilion Energy: Don't Let A Warm Winter Cool Your Enthusiasm

CALGARY, AB , April 12, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis") have each recommended Vermilion shareholders ("Vermilion Shareholders") vote "FOR" all the proposed resolutions at the upcoming Annual General Meeting of Shareholders (the "Meeting") to be held on May 3, 2023 at 3:00 pm MT.

Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend Vermilion Shareholders Vote FOR All Proposed Items at the Upcoming Annual General Meeting of Shareholders

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CALGARY, AB , April 3, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) will release its 2023 first quarter operating and condensed financial results on Wednesday, May 3, 2023 after the close of North American markets. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2023 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com.

Vermilion Energy Inc. Confirms First Quarter 2023 Release Date and Filing of the Management Information Circular in Connection with the Annual General Meeting of Shareholders

CALGARY, AB , April 3, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce the closing of the acquisition of Equinor Energy Ireland Limited ("EEIL") from Equinor ASA on March 31, 2023. The acquisition of EEIL adds an incremental 36.5% interest in the Corrib Natural Gas Project ("Corrib"), increasing Vermilion's operated interest to 56.5%.

Vermilion Energy Inc. Announces Closing of the Corrib Acquisition

CALGARY, AB , March 29, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to confirm the closing of the previously announced sale of non-core assets in southeast Saskatchewan for gross proceeds of $225 million, prior to closing adjustments. The assets are comprised of approximately 5,500 boe/d of non-core light oil production spread across the greater Arcola and Queensdale areas of southeast Saskatchewan.

Vermilion Energy Inc. Confirms Closing of Southeast Saskatchewan Asset Sale

Vermilion Energy Inc. (NYSE:VET ) Q4 2022 Earnings Call Transcript March 9, 2023 11:00 AM ET Company Participants Dion Hatcher - President & Chief Executive Officer Lars Glemser - Vice President & Chief Financial Officer Bryce Kremnica - Vice President, North America Jenson Tan - Vice President, Business Development Conference Call Participants Amir Arif - ATB Capital Menno Hulshof - TD Cowen Josef Schachter - Schachter Energy Operator Please standby. We're about to begin.

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