The earnings call highlighted significant production growth, successful asset sales, cost reductions, and sustainability achievements. While there were some challenges related to deferred capital expenditures and lower gas price premiums, the overall outlook remains strong with strategic transitions positioning the company for future growth.

Company Guidance

During the Vermilion Energy Q2 2025 conference call, the company provided several key performance metrics and guidance for the future. In Q2, Vermilion achieved an average production of 136,000 BOEs per day, marking a 32% increase from the previous quarter due to the Westbrick acquisition. The company closed asset sales in Saskatchewan and the U.S., generating $535 million in proceeds, contributing to debt reduction. Vermilion now has a production base of approximately 120,000 BOEs per day, with 70% weighted towards natural gas. The company reported $260 million in fund flows from operations and $144 million in free cash flow for Q2. Capital expenditure was lower, reflecting seasonal drilling activity and deferred spending. Vermilion set a new cost benchmark of $8.5 million per well for Montney wells, with future plans to invest $100 million in infrastructure and drill 40 wells by 2028. The company expects Q3 production to average between 117,000 to 120,000 BOEs per day, with full-year guidance remaining at 117,000 to 122,000 BOEs per day and capital guidance of $630 million to $660 million. Vermilion aims to end 2025 with approximately $1.3 billion in net debt, a decrease of $750 million from Q1, and plans to balance debt repayment with shareholder returns.

Strong Production Increase

Production for Q2 averaged 136,000 BOEs per day, a 32% increase from the prior quarter, due to the Westbrick acquisition.

Successful Asset Sales

Closed Saskatchewan and U.S. asset sales for $535 million, aiding strategic transition towards global gas production and debt reduction.

Cost Reductions in Montney Wells

Achieved a new cost benchmark of $8.5 million per well, reducing costs by $0.5 million per well from prior targets.

Significant Synergies Realized

Identified $200 million in synergies from Westbrick acquisition, with $100 million recognized in Q2.

Sustainability Milestone Achieved

Achieved Scope 1 emission reduction target of 16% one year ahead of plan.

Strong Gas Portfolio Performance

Realized gas price of $4.88 per Mcf in Q2, significantly higher than AECO benchmark of $1.69.

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

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TSE:VET Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.05 / -	0.33	―	―	―
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)
Aug 02, 2023	2023 (Q2)	0.40 / 0.78	2.2	-64.55% (-1.42)

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
Aug 08, 2025	C$10.34	C$10.07	-2.61%
May 07, 2025	C$8.39	C$8.62	+2.71%
Mar 05, 2025	C$10.64	C$10.45	-1.83%
Nov 06, 2024	C$13.44	C$13.53	+0.65%

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 Nov 05, 2025, Before Open (Confirmed).

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

Vermilion Energy (TSE:VET) earnings time is at Nov 05, 2025, 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 (Q3) is 0.05.

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