Vermilion Energy - VET STOCK NEWS

Vermilion Energy (TSX: VET) (NYSE: VET) has declared a cash dividend of $0.12 CDN per common share. The dividend will be paid on January 15, 2025 to shareholders of record as of December 31, 2024. The dividend qualifies as an eligible dividend under the Income Tax Act (Canada).

Vermilion Energy (TSX: VET) (NYSE: VET) has announced it will release its 2024 third quarter operating and financial results on Wednesday, November 6, 2024, after North American markets close. The company will host a conference call and webcast to discuss these results on Thursday, November 7, 2024, at 9:00 AM MST. The unaudited interim financial statements and management discussion will be available on SEDAR, EDGAR, and Vermilion's website. Interested participants can join via phone or webcast, with a replay available until November 21, 2024.

Vermilion Energy Inc. (TSX: VET) (NYSE: VET) has provided an operational update on key projects. In Germany, their first deep gas exploration well tested at 17 mmcf/d of natural gas, with tie-in operations progressing for production in H1 2025. A second exploration well is being drilled, with a farmdown agreement reducing their working interest to 30%. A third well is planned for Q4 2024.

In Croatia, production on the SA-10 block now exceeds 2,000 boe/d, while the SA-7 block's third well tested at 5.6 mmcf/d. In Canada, five Mica Montney wells achieved an average IP30 rate of over 1,000 boe/d per well. The company remains on track for Q3 2024 production of 83,000 to 85,000 boe/d and full-year guidance of 83,000 to 86,000 boe/d.

Vermilion has repurchased 7.5 million shares year-to-date and reaffirmed its quarterly dividend of $0.12 per share.

Vermilion Energy reported a Q2 2024 production average of 84,974 boe/d, a 2% YoY increase, driven largely by assets in Australia and Mica Montney. North American assets contributed 54,987 boe/d, while international assets added 29,987 boe/d. Fund flows from operations reached $237 million, with free cash flow at $126 million. The company returned $66 million to shareholders via dividends and buybacks.

Net debt decreased by $38 million to $907 million, the lowest in over a decade. Vermilion increased its annual production guidance to 83,000-86,000 boe/d while maintaining a capital budget of $600-$625 million. Q2 saw significant operational milestones including the completion of the Mica Montney battery and the SA-10 gas plant in Croatia. The quarterly dividend was announced at $0.12 per share, payable on October 15, 2024.

Vermilion Energy Inc. (TSX: VET) (NYSE: VET) has announced a cash dividend of $0.12 CDN per share, scheduled for payment on October 15, 2024. This dividend will be distributed to all shareholders of record as of September 27, 2024. The company has confirmed that this dividend qualifies as an eligible dividend under the Income Tax Act (Canada), which may have favorable tax implications for shareholders. This announcement demonstrates Vermilion's commitment to providing returns to its investors and may be indicative of the company's financial health and confidence in its future performance.

Vermilion Energy will release its Q2 2024 financial results on July 31, 2024, after North American markets close. These results will be accessible on SEDAR, EDGAR, and Vermilion's website. A conference call discussing the results will be held on August 1, 2024, at 9:00 AM MST. Additionally, Vermilion announced the renewal of its normal course issuer bid (NCIB), approved by the Toronto Stock Exchange, allowing the purchase of up to 15,689,839 common shares, or 10% of its public float, starting July 12, 2024, through July 11, 2025. Under the previous NCIB, Vermilion repurchased 7,451,594 shares at an average price of $16.27 per share. Vermilion aims to return 50% of excess free cash flow to shareholders in 2024 through dividends and share repurchases.

Vermilion Energy Inc. reported the voting results from its annual general meeting, where 42.64% of issued common shares were voted. The resolutions to approve the number of directors, elect directors, appoint auditors, approve By-Law No.2, and accept executive compensation were all passed with high percentages of votes in favor.

Vermilion Energy Inc. reported strong Q1 2024 results with $431M FFO, $190M E&D capital expenditures, and $241M FCF. Net debt decreased by $134M to $944M, achieving the $1B net debt target. $56M was returned to shareholders through dividends and buybacks. Production averaged 85,505 boe/d, with successful operations in Germany and the US. In Germany, a deep gas well was drilled, while Croatia's gas plant construction nears completion.

Vermilion Energy Inc. has declared a $0.12 CDN cash dividend per share, scheduled for payment on July 15, 2024. The dividend is eligible for the Income Tax Act (Canada) and will be distributed to all shareholders of record on June 28, 2024.