Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid and Confirms Q2 2026 Release Date and Conference Call Details
Rhea-AI Summary
Vermilion Energy (TSX: VET, NYSE: VET) received TSX approval to renew its normal course issuer bid, allowing repurchase of up to 15,157,179 shares (about 10% of public float) from July 12, 2026, to July 11, 2027. Shares bought will be cancelled.
The company plans to return 40% of excess free cash flow to shareholders in 2026, mainly via dividends and buybacks. Vermilion will release Q2 2026 results on July 29, 2026, followed by a conference call on July 30, 2026 at 8:00 AM MT (10:00 AM ET).
Positive
- NCIB allows repurchase of up to 15,157,179 shares (about 10% float)
- Plan to return 40% of excess free cash flow to shareholders in 2026
- History of paying over $40 per share in dividends since 2003
- Automatic share purchase plan enables buybacks during blackout periods
Negative
- Only 1,749,691 of 15,259,187 shares repurchased under prior NCIB to June 30, 2026
News Market Reaction – VET
In the Jul 9 session, VET declined 0.53%, reflecting a mild negative market reaction. Argus tracked a peak move of +2.4% during that session. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The NCIB allows Vermilion to purchase up to 15,157,179 common shares, representing approximately
In connection with the NCIB, Vermilion will enter an automatic purchase plan ("ASPP") with its designated broker to allow for purchases of its common shares during self-imposed blackout periods. Such purchases would be at the discretion of the broker based on parameters provided by the Company prior to any self-imposed blackout period or any period when it is in possession of material undisclosed information. The ASPP has been pre-cleared, as required by the TSX. Outside of these blackout periods, common shares may be purchased under the NCIB in accordance with Management's discretion.
Vermilion has a long history of returning capital to its shareholders as we have paid out over
Under its prior NCIB, which runs from July 12, 2025, to July 11, 2026, the Company was allowed to purchase up to 15,259,187 common shares. As at June 30, 2026, Vermilion repurchased an aggregate of 1,749,691 common shares under its prior NCIB at a weighted average price of
Conference Call and Webcast Details
Vermilion will release its 2026 second quarter operating and condensed financial results on Wednesday, July 29, 2026, after the close of North American markets. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2026 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com.
Vermilion will discuss these results in a conference call and webcast presentation on Thursday, July 30, 2026, at 8:00 AM MT (10:00 AM ET). To participate, call 1-888-510-2154 (
To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3QN5Bxd to receive an instant automated call back. You may also access the webcast at https://app.webinar.net/9WzAoZGngqa. The webcast link will be available on Vermilion's website at https://www.vermilionenergy.com/invest-with-us/events-presentations/ under Upcoming Events prior to the conference call. Participants who would like to submit questions ahead of time may do so by emailing investor_relations@vermilionenergy.com.
(1) Free cash flow (FCF) and excess free cash flow (EFCF) are non-GAAP financial measures most directly comparable to cash flows from operating activities. FCF is calculated as fund flows from operations less drilling and development costs and exploration and evaluation costs and EFCF is calculated as FCF less payments on lease obligations and asset retirement obligations settled. FCF is used by management to determine the funding available for investing and financing activities including payment of dividends, repayment of long-term debt, reallocation into existing business units and deployment into new ventures. EFCF is used by management to determine the funding available to return to shareholders after costs attributable to normal business operations. FCF and EFCF do not have standardized meanings under IFRS Accounting Standards and therefore may not be comparable to similar measures provided by other issuers.
About Vermilion
Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality.
Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important than the safety of the public and those who work with Vermilion, and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating areas.
Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
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SOURCE Vermilion Energy Inc.