Vermilion Energy ( (VET) ) has released its Q2 earnings. Here is a breakdown of the information Vermilion Energy presented to its investors.
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Vermilion Energy Inc. is a global gas producer focused on the acquisition, exploration, and development of liquids-rich natural gas in Canada and conventional natural gas in Europe, with a diversified portfolio that emphasizes health, safety, and environmental protection alongside profitability.
In its latest earnings report for the second quarter of 2025, Vermilion Energy reported a fund flow from operations of $260 million, a slight increase from the previous quarter. The company also highlighted a significant reduction in net debt, which decreased from $2.1 billion to $1.4 billion, following the divestment of its Saskatchewan and United States assets.
Key financial metrics included a net loss of $233 million, primarily due to a non-cash adjustment related to asset sales. Despite this, Vermilion achieved a free cash flow of $144 million, up from $74 million in the prior quarter. The company also reported an average production of 136,002 boe/d, with a notable increase in production from the Montney and Deep Basin assets.
Looking ahead, Vermilion Energy remains focused on debt reduction and free cash flow generation, with plans to maintain its capital budget and guidance for 2025. The company aims to enhance its global gas production capabilities, particularly in Canada and Europe, while continuing to return capital to shareholders through dividends and share buybacks.