Vermilion Energy Stock Price, News & Analysis

Vermilion Energy Inc. (TSX: VET) will release its 2022 third quarter operating and financial results on November 9, 2022, after market close. The unaudited financial statements will be available on SEDAR, EDGAR, and Vermilion’s website. A conference call and webcast to discuss the results is scheduled for November 10, 2022, at 9:00 AM MST. Participants can access the call via toll-free numbers or the provided webcast link. For more information, investors can contact Vermilion's investor relations team.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) has filed an early warning report following its acquisition of over 2% additional common shares in Coelacanth Energy Inc. The transactions occurred between June 20, 2022, and October 3, 2022, with Vermilion purchasing 7,057,322 shares for $4.8 million and exercising 1,444,804 warrants for about $0.4 million. Post transactions, Vermilion controls 69,342,595 shares, amounting to 16.3% of Coelacanth's outstanding shares. The acquisitions aimed to enhance Vermilion's investment in Coelacanth.

Vermilion Energy Inc. (TSX: VET, NYSE: VET) has corrected the ex-dividend date for its Q3 2022 dividend payment. The new ex-dividend date is September 28, 2022, changed from the previous date of September 29, 2022, due to a statutory holiday on September 30, 2022. The dividend payment is scheduled for October 17, 2022, with all other details remaining unchanged from the August 11, 2022, press release.

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.