Vermilion Energy Inc

VET

Equity

ISIN CA9237251058 / Valor 11711184

Toronto Stock Exchange (2024-12-24)

CAD 13.13+2.82%

Vermilion Energy Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Vermilion Energy Inc is an oil and gas company with operations in North America, Europe, and Australia. The company's European assets include onshore and offshore operations that produce Brent-priced light oil and European natural gas, contributing approximately 35% of total corporate production. In Australia, Vermilion holds a 100% working interest in the Wandoo field, with oil production receiving premium pricing due to Brent-indexing. Australian production contributes around 5% of total corporate production. Vermilion's global exposure provides the company with stronger pricing, project diversification, and business development opportunities.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Vermilion Energy Inc. reported total petroleum and natural gas sales revenue of CAD 508.035 million for the first quarter of 2024, compared to CAD 552.698 million in the same quarter of 2023. This represents a decrease in revenue, primarily due to lower commodity prices and sales volumes.

Net Earnings

For the first quarter of 2024, Vermilion Energy Inc. achieved net earnings of CAD 2.305 million, a significant drop from the CAD 380.332 million reported in the first quarter of 2023. The decrease in net earnings is attributed to lower revenue and higher operating expenses.

Operating Expenses

Vermilion Energy Inc.'s operating expenses for the first quarter of 2024 were CAD 60.458 million, compared to CAD 69.667 million in the same period of 2023. The reduction in operating expenses is a result of cost-saving measures and efficiency improvements implemented by the company.

Dividends

During the first quarter of 2024, Vermilion Energy Inc. declared dividends totaling CAD 19.183 million. This is a slight increase from the CAD 16.226 million declared in the first quarter of 2023, reflecting the company's commitment to returning value to its shareholders despite the challenging market conditions.

Cash Flow

Vermilion Energy Inc. reported cash flows from operating activities of CAD 354.295 million for the first quarter of 2024, compared to CAD 388.629 million in the same quarter of 2023. The decrease in cash flow is primarily due to lower net earnings and changes in non-cash working capital.

Summarized from source with an LLMView Source

Key figures

-20.9%1Y

-19.9%3Y

-38.6%5Y

Performance

33.9%1Y

48.9%3Y

68.8%5Y

Volatility