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Vermilion Energy (VET)
NYSE:VET
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
<0.01Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: 8.59%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Vermilion Energy's strong financial performance, successful international operations, and strategic acquisitions, which are expected to drive future growth. However, challenges such as production decline in North America and rate-limited production from new discoveries in Germany were noted. The sentiment is positive due to significant achievements and future growth potential outweighing the challenges.Company Guidance
During the Vermilion Energy Fourth Quarter 2024 Conference Call, the company provided robust guidance for the upcoming year, highlighting several key metrics. Vermilion reported an average production of 84,543 BOEs per day for 2024, surpassing the midpoint of their original guidance and achieving a 4% production per share growth. The company achieved $1.2 billion in fund flow and $583 million in free cash flow, marking a 9% increase over 2023 on a per share basis. Vermilion executed a $623 million E&D capital program, which included significant investments in growth projects in Germany, Croatia, and the BC Montney. They returned $216 million to shareholders, comprising $75 million in dividends and $141 million in share buybacks, and announced an 8% increase in quarterly dividends starting Q1 2025. Additionally, Vermilion's net debt decreased by 10% to $967 million, with a net debt to trailing funds flow ratio of 0.8 times, the lowest in over a decade. They reported an increase in total proved plus probable reserves by 1% to 435 million BOEs, and detailed their successful deep gas exploration program in Germany, which could potentially double their European 2P gas reserves. Production guidance for 2025 was set between 125,000 to 130,000 BOEs per day, with E&D capital expenditures ranging from $730 million to $760 million.Strong Financial Performance
Vermilion Energy delivered strong operational and financial results in 2024, with production averaging 84,543 BOEs per day, above the midpoint of guidance, and an annual production per share growth of 4%. Fund flow reached $1.2 billion, a 9% increase over 2023 on a per share basis.
International Production Increase
International production increased by 12% year-over-year, driven by strong operational run times in Australia and the midyear startup of the gas plant on the SA-10 block in Croatia.
Successful German Gas Exploration
Significant gas discoveries were made in Germany, including a major discovery at the Wisselshorst well that tested at a combined restricted rate of 41 million cubic feet per day with flowing wellhead pressures of 6,200 psi. This discovery supports additional follow-up locations.
Westbrick Acquisition
The acquisition of Westbrick adds 50,000 BOEs a day of production and over 770,000 net acres of contiguous land, with identified over 700 net future drilling locations, enhancing operational scale in the Deep Basin.
Debt Reduction and Dividend Increase
Net debt decreased by 10% in 2024 to $967 million. An 8% increase in the quarterly dividend was announced, marking the fourth consecutive increase since reinstating the dividend.
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VET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $7.57 | $7.47 | -1.32% |
| Nov 06, 2024 | $9.85 | $9.98 | +1.32% |
| Jul 31, 2024 | $10.54 | $9.80 | -7.02% |
| May 01, 2024 | $10.96 | $11.45 | +4.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vermilion Energy (VET) report earnings?
Vermilion Energy (VET) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Vermilion Energy (VET) earnings time?
Vermilion Energy (VET) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VET EPS forecast?
VET EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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