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 Inc. (TSX: VET) has successfully closed a private offering of US$400 million in 8-year senior unsecured notes, priced at 99.241% of par. The notes, which carry a fixed coupon of 6.875% per annum, are set to mature on May 1, 2030. Proceeds will be used to reduce the outstanding balance on Vermilion's revolving credit facility, which has been extended to May 29, 2026 and reduced to $1.6 billion. The offering was made on a prospectus-exempt basis in Canada and to qualified institutional buyers in the U.S.
Vermilion Energy Inc. announced a private offering of US$400 million in 8-year senior unsecured notes, priced at 99.241% of par with a 6.875% coupon, maturing on May 1, 2030. The offering is set to close on or about April 26, 2022. Proceeds will be used to reduce the credit facility from $2.1 billion to $1.6 billion. The notes will not be registered under U.S. Securities laws and will be offered solely to accredited institutional buyers. Forward-looking statements highlight the uncertainties surrounding the offering and its impact on the company’s financials.
Vermilion Energy Inc. (TSX: VET, NYSE: VET) has reported strong Q1 2022 results with production exceeding guidance at 86,200 boe/d. The operating netback is estimated at $59.72/boe, supported by high commodity prices. Fund flows from operations are projected between $380 - $390 million, while free cash flow is expected to be $295 - $305 million. Net debt decreased by $280 million to $1.365 billion. Vermilion aims to meet a $1.2 billion debt target in the second half of 2022, alongside acquisitions of Leucrotta Exploration and the Corrib project.
On April 19, 2022, Vermilion Energy Inc. (VET) announced plans to issue up to US$400 million in senior unsecured notes over eight years. The net proceeds will help reduce their outstanding credit facility from $2.1 billion to $1.6 billion. The offering is limited to qualified institutional buyers and is subject to market conditions. Furthermore, the company warned that the completion of this offer may face risks, including the potential inability to secure necessary approvals.
Vermilion Energy Inc. (TSX: VET, NYSE: VET) is set to release its 2022 first quarter operating and financial results on May 11, 2022, after market hours. The unaudited financial statements will be accessible on SEDAR, EDGAR, and Vermilion's website. The company is also holding its Annual General Meeting on the same day at 3:00 pm MT, which will be conducted virtually. Shareholders are urged to submit their proxies by May 9, 2022. Additional information is available on Vermilion's website.
Vermilion Energy has announced a strategic acquisition of Leucrotta Exploration for $477 million, aimed at enhancing its Montney oil and natural gas assets. This acquisition includes 77,000 net acres and is expected to generate over $200 million in annual free cash flow upon reaching a plateau production of 28,000 boe/d. Vermilion's 2022 production guidance has increased to 86,000-88,000 boe/d, with plans for significant capital investment. The deal is anticipated to close by mid-2022, supported by major shareholder agreements and a break fee of $20 million.
Vermilion Energy reported strong financial results for Q4 and full year 2021, with Q4 2021 fund flows from operations (FFO) increasing to $322 million, a 23% rise quarter-over-quarter driven by high commodity prices, particularly European natural gas. Net earnings for Q4 reached $345 million, reversing a prior loss. For 2021, FFO totaled $920 million, and free cash flow (FCF) was $545 million, representing year-over-year increases of 83% and 304%, respectively. The company plans a quarterly dividend of $0.06 per share and significantly reduced long-term debt, highlighting improved financial stability.
Vermilion Energy Inc. (TSX: VET) announced a cash dividend of $0.06 CDN per share, payable on April 18, 2022, to shareholders recorded on March 31, 2022. The ex-dividend date is set for March 30, 2022. This dividend qualifies as an eligible dividend under the Income Tax Act in Canada. Vermilion focuses on generating free cash flow and returning capital to investors, emphasizing health, safety, environmental protection, and profitability in its operations across North America, Europe, and Australia.
Vermilion Energy Inc. (TSX: VET, NYSE: VET) will release its 2021 fourth quarter and year-end operating and financial results on March 7, 2022, before North American markets open. The report will also include 2021 reserves information. Audited financial statements and management discussion will be available on SEDAR, EDGAR, and Vermilion's website. A conference call will follow at 9:00 AM MST for results discussion. For more information, visit Vermilion’s investor relations page.
Vermilion Energy Inc. announced its acquisition of a 36.5% interest in the Corrib Natural Gas Project from Equinor Energy Ireland for a total of US$434 million. The deal, effective January 1, 2022, is projected to close in late 2022, contributing approximately 7,700 boe/d and $365 million in funds from operations (FFO) in 2022. This acquisition will increase Vermilion's operated interest in Corrib to 56.5%, enhancing exposure to premium European gas. The company also plans to reinstate a $0.06 quarterly dividend, positioning itself for significant debt reduction and shareholder returns.