Vermilion Energy Stock Price, News & Analysis

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.

Vermilion Energy reports a strong Q3 2021 with a 52% increase in fund flows from operations (FFO) to $263 million, driven by higher commodity prices. The company achieved free cash flow (FCF) of $196 million for the quarter, with a payout ratio of 27%. Net debt decreased by $231 million year-to-date, and Vermilion expects over $500 million in FCF for 2021. Production averaged 84,633 boe/d, slightly down from the prior quarter, but annual production guidance has been increased to 84,500 - 85,500 boe/d. The board approved a $75 million increase in the capital program for strategic growth.

Vermilion Energy Inc. (VET) will report its third-quarter operating and financial results for 2021 on November 9, 2021, after market close. The results will cover the three and nine months ended September 30, 2021, and will be accessible via SEDAR, EDGAR, and Vermilion’s website. A conference call is scheduled for November 10, 2021, at 9:00 AM MST to discuss these results. Vermilion Energy focuses on value creation through the development of energy assets across North America, Europe, and Australia, emphasizing free cash flow generation and investor returns.

Vermilion Energy Inc. announced the appointment of James J. Kleckner Jr. to its Board of Directors on October 18, 2021. With over 35 years of experience in executive roles, including CEO of Jagged Peak Energy, Kleckner brings extensive operational and technical expertise in oil and gas. His previous roles include senior positions at Anadarko Petroleum and Kerr McGee. Vermilion emphasizes free cash flow generation and shareholder returns and has been recognized for governance and environmental performance. The company trades under the symbol VET.