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Vermilion Energy (VET)
NYSE:VET
Holding VET?
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Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.44Last Year’s EPS
-3.39Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 2.74%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong quarter for Vermilion Energy, marked by significant production growth, successful exploration activities in Europe, and robust shareholder returns. Despite challenges with AECO gas pricing and some infrastructure constraints in Germany, the company maintained a positive outlook with strategic diversification and financial management.Company Guidance
During the Vermilion Energy Q3 2024 earnings call, the company provided several key metrics highlighting their financial and operational performance. Production for the third quarter averaged 84,173 BOEs per day, marking a 7% increase on a per share basis year-over-year. The company generated $275 million of fund flows from operations, equivalent to $1.76 per share, representing a 19% increase from the previous quarter. This growth was attributed mainly to a 14% increase in European gas prices, with the Dutch TTF benchmark averaging $15.52 per Mcf compared to AECO's $0.69 per Mcf. Vermilion's corporate realized gas price was $6.57 per Mcf, nearly ten times higher than the AECO price. The company also invested $121 million in E&D capital and achieved a free cash flow of $154 million, returning $59 million to shareholders through dividends and share buybacks. Year-to-date, $180 million or $1.13 per share has been returned to shareholders, equivalent to 8% of Vermilion's market cap. The company reduced net debt by $73 million to $833 million, achieving a net debt to trailing fund flow ratio of 0.6x, the lowest in 15 years. Vermilion's production guidance for 2024 was narrowed to 84,000 to 85,000 BOEs per day, with a capital budget of $600 million to $625 million remaining unchanged. The company aims to return 50% of excess free cash flow to shareholders, targeting modest production growth in 2025 while maintaining their capital return framework.Strong Production Growth
Production during Q3 2024 averaged 84,173 BOEs per day, up 7% on a per share basis year-over-year.
Significant Increase in Fund Flows
Generated $275 million of fund flows from operations, a 19% increase over the prior quarter.
Successful Exploration in Europe
Discovered gas in the second German exploration well, marking the third successful deep gas well in Germany.
Strong Shareholder Returns
Returned $59 million to shareholders in Q3, totaling $180 million year-to-date, which is 8% of the current market cap.
Reduction in Net Debt
Net debt reduced by $73 million to $833 million, achieving the lowest net debt to trailing fund flow ratio in 15 years.
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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 |
|---|---|---|---|
| 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% |
| Mar 06, 2024 | $11.42 | $10.89 | -4.64% |
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 Mar 10, 2025, TBA Not Confirmed.
What is Vermilion Energy (VET) earnings time?
Vermilion Energy (VET) earnings time is at Mar 10, 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 2024 (Q4) is 0.44.
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