Vermilion Energy Stock Price, News & Analysis

Vermilion Energy (NYSE: VET) has announced the sale of its United States assets for $120 million, with an additional $10 million in contingent payments tied to WTI prices. The assets include 5,500 boe/d production (81% oil and liquids) and approximately 10 mmboe of Proved Developed Producing reserves. The transaction, expected to close in Q3 2025, completes Vermilion's exit from the US market, allowing focus on core gas-weighted assets in Canada and Europe. The company has updated its 2025 guidance, reducing capital budget to $630-660 million from $730-760 million. Post-transaction, Vermilion expects 2025 production of 117,000-122,000 boe/d, with 68% natural gas weighting in H2 2025. The company projects to exit 2025 with net debt of $1.3 billion and a net debt to FFO ratio of 1.3 times.

Vermilion Energy (NYSE: VET) has announced a strategic asset sale agreement, divesting its Saskatchewan and Manitoba assets for $415 million. The assets currently produce approximately 10,500 boe/d (86% oil and liquids) and generate around $110 million in annual net operating income. The transaction, expected to close in Q3 2025, will help Vermilion reduce its debt, with projected year-end 2025 net debt of $1.5 billion and a net debt to FFO ratio of 1.4x. Following the sale, Vermilion expects 2025 production to average between 120,000 to 125,000 boe/d with capital expenditures of $680-710 million. This divestment aligns with Vermilion's strategic plan to focus on long-duration, scalable assets with high return opportunities, particularly in its Western Canada and European operations.

Vermilion Energy Inc. (NYSE: VET) held its annual general meeting on May 7, 2025, with 77,221,704 common shares (50.03% of outstanding shares) participating in the voting. Shareholders approved all proposed resolutions with strong support, including:

- Fixing the board size at eight directors (98.49% approval) - Election of eight board members, all receiving over 94% approval - Appointment of Deloitte LLP as auditors (97.09% approval) - Advisory vote on executive compensation (94.36% approval) - Approval of unallocated entitlements under the Omnibus Incentive Plan (93.73% approval)

The company announced the retirement of directors Robert B. Michaleski and Timothy R. Marchant, who did not stand for re-election.

Vermilion Energy reported Q1 2025 financial results with fund flows from operations (FFO) of $256 million ($1.66/basic share), slightly down from Q4 2024's $263 million. The company generated free cash flow of $74 million, up from $62 million in Q4 2024. Production averaged 103,115 boe/d, with 60% natural gas and 40% crude oil and liquids. Key developments include closing the Westbrick acquisition, adding 50,000 boe/d of liquids-rich gas production, with identified synergies of $100 million. In Germany, successful testing of the Wisselshorst deep gas well yielded a combined flow rate of 41 mmcf/d. Net debt increased to $2.06 billion following the Westbrick acquisition. The company returned $37 million to shareholders through dividends ($20M) and share buybacks ($17M), maintaining its quarterly dividend at $0.13 per share.

Vermilion Energy (TSX: VET) (NYSE: VET) has declared a quarterly cash dividend of $0.13 CDN per share. The dividend will be paid on July 15, 2025, to shareholders of record as of June 30, 2025. The company noted that this dividend qualifies as an eligible dividend under the Income Tax Act of Canada.

Vermilion Energy (TSX: VET) (NYSE: VET) has announced it will release its 2025 first quarter operating and financial results on Wednesday, May 7, 2025, after North American markets close. The company has also confirmed details for its Annual General Meeting (AGM), scheduled for May 7, 2025 at 3:00 pm MT.

The AGM will be conducted as a virtual-only shareholder meeting, accessible through an electronic platform. Shareholders can participate via https://web.lumiconnect.com/273752024, with proxies due by 3:00 pm MT on Monday, May 5, 2025. Following the formal meeting, President & CEO Dion Hatcher will deliver a presentation.

The company has mailed and filed its Notice of Meeting and Management Information Circular to shareholders, with all meeting materials available on SEDAR+ and Vermilion's website. The Board of Directors recommends shareholders vote in favor of all proposed items.

Vermilion Energy (VET) reported strong operational and financial results for 2024, with fund flows from operations (FFO) reaching $1.2 billion ($7.63/basic share), a 9% increase per share from 2023. Production averaged 84,543 boe/d, representing 4% annual growth per share.

The company made significant discoveries in Europe, with the Wisselshorst well in Germany testing at over 40 mmcf/d combined rate and estimated to contain 68 Bcf of recoverable natural gas, marking Vermilion's largest European discovery in a decade. The company achieved 100% success on six exploration wells in Europe.

Key financial highlights include:

• Free cash flow of $583 million
• Net debt decreased by 10% to $967 million
• Returned $216 million to shareholders through dividends and buybacks
• Increased quarterly dividend by 8% to $0.13 per share

The company recently closed the Westbrick Energy acquisition, adding approximately 50,000 boe/d of Deep Basin production. 2025 production guidance is set at 125,000-130,000 boe/d with capital expenditures of $730-760 million.

Vermilion Energy (TSX: VET) (NYSE: VET) has declared a cash dividend of $0.13 CDN per common share. The dividend will be payable on April 15, 2025 to shareholders of record as of March 31, 2025. The company confirmed this dividend qualifies as an eligible dividend under the Income Tax Act (Canada).

Vermilion Energy (VET) has completed the acquisition of Westbrick Energy , adding stable annual production of 50,000 boe/d (75% gas, 25% liquids) and approximately 1.1 million acres of land in Alberta's Deep Basin trend. The acquisition includes four operated gas plants with 102 mmcf/d total capacity.

The deal includes over 700 future drilling locations across multiple zones, with half-cycle IRRs ranging from 40% to over 100%. The acquired assets are expected to maintain flat production for over 15 years while generating significant free cash flow.

As part of the arrangement, Westbrick shareholders elected to receive 1.1 million Vermilion common shares valued at $14.2 million, with the remaining consideration paid in cash through available funds and credit facilities. Updated 2025 budget and financial guidance will be provided with Q4 2024 results on March 5, 2025.