Vermilion Energy Stock Price, News & Analysis

Vermilion Energy reported strong Q2 2022 results with fund flows from operations (FFO) of $453 million ($2.75/share), a 16% increase from Q1, and free cash flow (FCF) of $340 million ($2.07/share), a 12% increase. The Q3 dividend increased by 33% to $0.08/share, totaling an annual payment of $53 million. The company is focusing on reducing debt with a target of $1.2 billion by year-end 2022 and has implemented a return of capital framework, anticipating a return of up to 25% of FCF in the second half of 2022 and 50% to 75% in 2023.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) has declared a 33% increase to its quarterly cash dividend, now at $0.08 CDN per share. This dividend will be paid on October 17, 2022 to shareholders on record as of September 30, 2022, with an ex-dividend date of September 29, 2022. The dividend qualifies as an eligible dividend under Canada’s Income Tax Act. Vermilion focuses on enhancing free cash flow and returning capital to investors.

Vermilion Energy (TSX: VET, NYSE: VET) will release its Q2 2022 financial results on August 11, 2022, after market close. The unaudited financial statements and management analysis for the three and six months ending June 30, 2022 will be accessible on SEDAR, EDGAR, and the company's website. A conference call will occur on August 12, 2022, at 7:00 AM MST to discuss the results. Investors can access the call at www.vermilionenergy.com. Vermilion emphasizes free cash flow and strategic acquisitions.

Vermilion Energy Inc. (TSX: VET) announced approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB) to repurchase up to 16,076,666 common shares, about 10% of its public float, starting July 6, 2022, and expiring no later than July 5, 2023. This move supports Vermilion's strategy to return capital to shareholders, having paid over $40 per share in dividends since 2003. The company aims to enhance shareholder returns as it approaches a debt target of $1.2 billion and projects $1.8 billion in free cash flow for 2022.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) announced on June 1, 2022, the appointment of Myron Stadnyk to its Board of Directors. With over 35 years of industry experience, he previously served as President and CEO of ARC Resources Ltd., successfully transforming it into a leading Montney producer. Stadnyk also holds positions on the boards of Crescent Point Energy Corp. and Prairie Sky Royalty Ltd. His expertise in operational effectiveness and governance is expected to enhance Vermilion's ongoing success.

Vermilion Energy has successfully closed the acquisition of Leucrotta Exploration, targeting the Mica property with 81,000 acres of Montney mineral rights in Alberta and British Columbia. The deal, valued at $1.73 per Leucrotta share, aims to enhance Vermilion's drilling prospects, identifying 275 low-risk drilling locations expected to deliver strong returns over the next two decades. The recent surge in North American gas prices bolsters the profitability of this acquisition, which integrates seamlessly into Vermilion's existing Canadian asset base.

Vermilion Energy Inc. (TSX: VET) announced the voting results from its annual meeting held on May 11, 2022. A total of 69,579,996 common shares, or 42.75% of issued shares, were voted. Key resolutions included fixing the number of directors at nine, electing ten nominees as directors, appointing Deloitte LLP as auditors, and approving the Omnibus Incentive Plan. Notably, the resolutions received strong support, with over 96% voting in favor of each. The company emphasizes free cash flow generation and returning capital to investors while maintaining high health and safety standards.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) announced a cash dividend of $0.06 CDN per share, payable on July 15, 2022, to shareholders of record on June 30, 2022. The ex-dividend date is set for June 29, 2022. This dividend qualifies as an eligible dividend under the Income Tax Act in Canada. Vermilion is focused on generating free cash flow and returning capital to investors, with operations in North America, Europe, and Australia. The company's emphasis on health, safety, and environmental sustainability has garnered recognition from ESG agencies.

Vermilion Energy reported Q1 2022 financial results showcasing significant growth in fund flows from operations (FFO) at $390 million, a 21% increase from the prior quarter, and free cash flow (FCF) of $305 million, up 73%. Production averaged 86,213 boe/d, a 2% rise driven by North American and international assets. The company announced strategic acquisitions, including Leucrotta Exploration for $477 million, aiming to enhance its long-term cash flow and inventory. Vermilion reinstated a $0.06 CDN quarterly dividend and aims to achieve a $1.2 billion net debt target by the second half of 2022.