The earnings call presented a largely positive outlook with strong financial and operational performance, significant improvements in production efficiency and cost reduction, and successful exploration activities. Despite some temporary production impacts and planned increased maintenance spending, the company's strategic initiatives appear well-positioned for future growth.

Company Guidance

In the Vermilion Energy Q3 2025 conference call, the company reported robust financial and operational performance, achieving production at the upper end of their guidance range and generating $254 million in fund flows from operations. The company also noted a $20 million reduction in their 2025 capital guidance and a $10 million decrease in operating cost guidance due to improved efficiencies. Vermilion's realized gas price, excluding hedging, was $4.36 per Mcf, significantly outperforming the AECO benchmark, while including hedging gains, this increased to $5.62 per Mcf, demonstrating the strategic advantage of Vermilion's global gas portfolio. The company also highlighted significant progress in their international projects, such as the development of the Wisselshorst well in Germany and successful drilling operations in the Netherlands. For 2026, Vermilion plans an exploration and development capital budget of $600 to $630 million, focusing 85% on their global gas portfolio, with expected production between 118,000 and 122,000 BOE per day. The company aims to continue enhancing shareholder returns, announcing a 4% increase in the quarterly cash dividend to CAD 0.135 per share, effective Q1 2026.

Strong Q3 Performance

Vermilion Energy delivered a strong Q3 2025, with production at the upper end of guidance and robust fund flows from operations despite challenging commodity prices.

Operational and Capital Efficiency Improvements

The company lowered its 2025 capital guidance by $20 million and operating cost guidance by $10 million, reflecting improved capital deployment and operating efficiencies.

Significant Production and Cost Efficiencies

Production per share increased by over 40% and the unit cost structure decreased by 30% compared to 2024, highlighting the strength of the repositioned portfolio.

European Gas Price Outperformance

Realized gas price of $4.36 per Mcf, significantly outperforming the AECO benchmark, with hedging gains increasing the realized price to $5.62 per Mcf.

Debt Reduction and Shareholder Returns

Net debt reduced by over $650 million since Q1 2025, with $26 million returned to shareholders through dividends and share buybacks in Q3.

Successful Exploration in the Netherlands

The company discovered commercial gas in two zones, Rotliegend and Zechstein, with expected completion and production in Q4 2025.

Dividend Increase

Announced a 4% increase in the quarterly cash dividend, reflecting confidence in operational activities and future free cash flow growth.

Vermilion Energy (TSE:VET) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:VET Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 11, 2026	2025 (Q4)	0.43 / -	-0.12	―	―	―
Nov 05, 2025	2025 (Q3)	0.18 / 0.02	0.33	-93.94% (-0.31)
Aug 08, 2025	2025 (Q2)	-0.01 / -1.51	-0.52	-190.38% (-0.99)
May 07, 2025	2025 (Q1)	0.24 / 0.10	0.01	900.00% (+0.09)
Mar 05, 2025	2024 (Q4)	0.61 / -0.12	-4.91	97.56% (+4.79)
Nov 06, 2024	2024 (Q3)	0.45 / 0.33	0.35	-5.71% (-0.02)
Jul 31, 2024	2024 (Q2)	0.50 / -0.52	0.78	-166.67% (-1.30)
May 01, 2024	2024 (Q1)	1.23 / 0.01	2.34	-99.57% (-2.33)
Mar 06, 2024	2023 (Q4)	0.71 / -4.91	2.42	-302.89% (-7.33)
Nov 01, 2023	2023 (Q3)	0.41 / 0.35	1.61	-78.26% (-1.26)

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

TSE:VET Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	C$10.35	C$11.22	+8.41%
Aug 08, 2025	C$10.23	C$9.96	-2.61%
May 07, 2025	C$8.30	C$8.52	+2.71%
Mar 05, 2025	C$10.52	C$10.33	-1.83%

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.

FAQ

When does Vermilion Energy (TSE:VET) report earnings?

Vermilion Energy (TSE:VET) is schdueled to report earning on Mar 11, 2026, Before Open (Confirmed).

What is Vermilion Energy (TSE:VET) earnings time?

Vermilion Energy (TSE:VET) earnings time is at Mar 11, 2026, Before Open (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 TSE:VET EPS forecast?

TSE:VET EPS forecast for the fiscal quarter 2025 (Q4) is 0.43.

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