Welcome to our dedicated page for Vermilion Energy news (Ticker: VET), a resource for investors and traders seeking the latest updates and insights on Vermilion Energy stock.
Vermilion Energy Inc. (VET) is an international oil and gas-producing company with a strong emphasis on natural gas, particularly liquids-rich natural gas in Canada and conventional natural gas in Europe, alongside low-decline oil assets. Its shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
This news page aggregates company-issued announcements and market updates related to Vermilion’s operations, portfolio strategy and financial performance. Recent releases highlight transactions such as the sale of non-core Saskatchewan and Manitoba light oil assets, as well as changes in Vermilion’s equity holdings in Coelacanth Energy Inc. undertaken in support of its stated priority of reducing debt and enhancing business resiliency.
Investors can also follow updates on Vermilion’s quarterly operating and condensed financial results, including production volumes, realized commodity prices, fund flows from operations, free cash flow and net debt metrics. The company frequently reports on its drilling and development programs in areas such as the Deep Basin and Montney in Canada and its exploration and development activities in European gas markets.
In addition, Vermilion issues news about dividends, share buybacks, Investor Day events and conference calls, providing insight into its capital allocation framework and outlook for its global gas portfolio. This page allows readers to monitor how Vermilion’s strategic focus on liquids-rich Canadian gas, European conventional gas and low-decline oil assets is reflected in its ongoing corporate announcements.
Vermilion Energy (NYSE:VET) reported Q2 2025 financial results with fund flows from operations (FFO) of $260 million ($1.68/basic share), compared to $256 million in Q1 2025. The company posted a net loss of $233 million, including earnings of $74 million from continuing operations and a loss of $308 million from discontinued operations.
Production averaged 136,002 boe/d, with 63% natural gas and 37% crude oil and liquids. Key operational highlights include Montney production reaching 15,000 boe/d and Deep Basin assets averaging 76,000 boe/d. The company achieved significant cost reductions in Montney well development, with DCET costs reduced to $8.5 million per well.
Net debt decreased to $1.4 billion from $2.1 billion in the previous quarter. The company completed previously announced Saskatchewan and United States asset divestments for total gross proceeds of $535 million. Vermilion maintained its quarterly dividend at $0.13 per share and continued share buybacks, returning $26 million to shareholders in Q2.
Vermilion Energy (NYSE:VET) has declared a quarterly cash dividend of $0.13 CDN per share. The dividend will be paid on October 15, 2025 to shareholders of record as of September 29, 2025. The company noted that this dividend qualifies as an eligible dividend under the Income Tax Act of Canada.
Vermilion Energy (NYSE:VET) has successfully completed the sale of its Saskatchewan assets for $415 million. The divested assets include approximately 10,500 boe/d of non-core light oil production, with 86% consisting of oil and liquids, located in Saskatchewan and Manitoba.
This strategic divestment aligns with Vermilion's three-year portfolio optimization initiative, focusing on long-duration, scalable assets with high return potential. The net proceeds will be used to strengthen the company's balance sheet and provide additional capital flexibility for its core operations in Canada and Europe.
Vermilion Energy (NYSE:VET) has received TSX approval to renew its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 15,259,187 common shares (10% of public float) over a twelve-month period starting July 12, 2025. The program includes a daily purchase limit of 205,865 shares and will expire on July 11, 2026.
The company plans to return 40% of excess free cash flow to shareholders in 2025 through dividends and share repurchases. Under its previous NCIB, Vermilion has already repurchased 5,631,463 shares at an average price of $12.96 per share. The company will also implement an automatic share purchase plan (ASPP) to facilitate purchases during blackout periods.
Additionally, Vermilion announced it will release its Q2 2025 results on August 7, 2025, followed by a conference call on August 8, 2025.
Vermilion Energy Inc. (NYSE: VET) held its annual general meeting on May 7, 2025, with 77,221,704 common shares (50.03% of outstanding shares) participating in the voting. Shareholders approved all proposed resolutions with strong support, including:
- Fixing the board size at eight directors (98.49% approval) - Election of eight board members, all receiving over 94% approval - Appointment of Deloitte LLP as auditors (97.09% approval) - Advisory vote on executive compensation (94.36% approval) - Approval of unallocated entitlements under the Omnibus Incentive Plan (93.73% approval)
The company announced the retirement of directors Robert B. Michaleski and Timothy R. Marchant, who did not stand for re-election.
Vermilion Energy (TSX: VET) (NYSE: VET) has declared a quarterly cash dividend of $0.13 CDN per share. The dividend will be paid on July 15, 2025, to shareholders of record as of June 30, 2025. The company noted that this dividend qualifies as an eligible dividend under the Income Tax Act of Canada.
Vermilion Energy (TSX: VET) (NYSE: VET) has announced it will release its 2025 first quarter operating and financial results on Wednesday, May 7, 2025, after North American markets close. The company has also confirmed details for its Annual General Meeting (AGM), scheduled for May 7, 2025 at 3:00 pm MT.
The AGM will be conducted as a virtual-only shareholder meeting, accessible through an electronic platform. Shareholders can participate via https://web.lumiconnect.com/273752024, with proxies due by 3:00 pm MT on Monday, May 5, 2025. Following the formal meeting, President & CEO Dion Hatcher will deliver a presentation.
The company has mailed and filed its Notice of Meeting and Management Information Circular to shareholders, with all meeting materials available on SEDAR+ and Vermilion's website. The Board of Directors recommends shareholders vote in favor of all proposed items.