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Vermilion Energy Reports $34.6M Q3 Net Loss Driven by Unrealized Derivative Losses
The Calgary-based energy company reported $424.4 million in revenue and approved a $675 million to $725 million exploration budget for 2027.
- On Wednesday, Canadian-based Vermilion Energy Inc. reported a $24.8 million loss for the third quarter, despite strong European gas and crude oil prices supporting revenue growth.
- Unrealized losses on derivative instruments drove the quarterly deficit, according to Vermilion, offsetting gains from strong European energy markets that supported Calgary operations.
- Petroleum and natural gas revenue reached $565.8 million, up from $437.1 million, while production totaled 117,349 barrels of oil equivalent per day, down from 119,062 a year earlier.
- Fund flows from operations amounted to $236.9 million, or $1.55 per diluted share, declining from $253.8 million, or $1.64 per diluted share, in the same quarter last year.
- Vermilion approved an exploration and development capital budget for 2027 between $675 million and $725 million and is targeting a four per cent increase in its quarterly cash dividend to 14 cents per share.
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13 Articles
The Toronto Star+8 Reposted by 8 other sources
Vermilion Energy reports $34.6M Q3 net loss driven by unrealized derivative losses
CALGARY - Vermilion Energy Inc. says it lost $34.6 million in its latest quarter, driven by unrealized losses on derivative instruments, partially offset by strong European gas and crude oil
·Toronto, Canada
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Vermilion Energy Inc. Reports Q3 2026 Results and Releases 2027 Budget with Planned 4% Dividend Increase
/PRNewswire/ -- Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed...
·Chicago, United States
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Coverage Details
Total News Sources13
Leaning Left6Leaning Right0Center5Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 45%
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