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Vermilion Energy Inc.

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Vermilion Energy Inc. • NYSE
$9.26 ▲ 6.93% (+0.60)
Market Cap $1.43 B
52w High $10.49
52w Low $5.14
Dividend Yield 0.36%
P/E 19.29
Volume 1.42M
Outstanding Shares 154.29M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $422.104M ▼ $24.964M ▼ $2.557M ▲ 0.606% ▲ $-0.031 ▲ $249.181M ▼
Q2-2025 $472.306M ▼ $205.249M ▼ $-233.458M ▼ -49.429% ▼ $-1.51 ▼ $349.459M ▲
Q1-2025 $585.121M ▲ $231.434M ▲ $14.953M ▲ 2.556% ▲ $0.097 ▲ $237.381M ▲
Q4-2024 $515.716M ▲ $217.758M ▲ $-18.316M ▼ -3.552% ▼ $-0.11 ▼ $101.862M ▼
Q3-2024 $504.553M $212.84M $51.697M 10.246% $0.32 $270.975M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $46.054M ▼ $5.954B ▼ $3.245B ▼ $2.708B ▲
Q2-2025 $69.187M ▲ $6.708B ▼ $4.015B ▼ $2.694B ▼
Q1-2025 $23.528M ▼ $7.084B ▲ $4.202B ▲ $2.881B ▲
Q4-2024 $131.73M ▼ $6.116B ▲ $3.305B ▲ $2.811B ▼
Q3-2024 $190.946M $6.084B $3.206B $2.879B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.557M ▲ $389.453M ▲ $325.061M ▲ $-738.403M ▼ $-23.133M ▼ $242.823M ▲
Q2-2025 $-233.458M ▼ $140.467M ▼ $-198.989M ▲ $104.162M ▼ $45.659M ▲ $24.978M ▼
Q1-2025 $14.953M ▲ $280.384M ▲ $-1.256B ▼ $865.986M ▲ $-108.202M ▼ $98.265M ▲
Q4-2024 $-18.316M ▼ $212.587M ▲ $-154.672M ▼ $-117.995M ▼ $-59.216M ▲ $6.671M ▼
Q3-2024 $51.697M $134.547M $-145.828M $-65.849M $-76.726M $11.636M

Five-Year Company Overview

Income Statement

Income Statement Vermilion’s income statement shows how sensitive the business is to swings in oil and gas prices. Revenue and profits surged in 2022 during very strong commodity markets, but both fell in 2023 and 2024 as prices and differentials normalized. Operating profits have generally remained positive, which suggests the core operations are reasonably efficient, but bottom-line earnings have flipped between solid gains and meaningful losses over the last five years. Those losses likely reflect non-cash charges, hedging impacts, or taxes layered on top of normal price volatility. Overall, the business can be very profitable in strong markets, but results are far from steady and can move sharply from year to year.

Balance Sheet

Balance Sheet The balance sheet today looks much healthier than it did a few years ago. Total assets have grown, equity has been rebuilt after the difficult period around 2020, and debt has been brought down significantly from earlier, more leveraged levels. Cash on hand is relatively modest, which is common for mid-sized oil and gas producers that rely on ongoing cash flow rather than large cash hoards. The key takeaway is that financial risk has been reduced compared with the past, but the company still depends on continued operational performance and access to credit rather than a large cash buffer.

Cash Flow

Cash Flow Cash flow is a relative bright spot. Vermilion has generated solid operating cash flow across the last five years, even in weaker pricing environments. After funding its investment in new wells and facilities, it has consistently produced positive free cash flow, with a big spike during the boom year of 2022 and more moderate, but still positive, levels before and after. Capital spending appears disciplined rather than aggressive, which supports ongoing debt reduction and flexibility. The main risk is that this cash flow strength is tied to commodity prices; a prolonged downturn would likely squeeze that cushion.

Competitive Edge

Competitive Edge Vermilion’s competitive position rests on where it operates and what it produces, more than on unique technology. Its most distinctive feature is its international footprint, especially in European natural gas markets where prices often trade at a premium to North America. That geographic mix can support stronger margins and diversify regional risks, but it also exposes the company to European regulatory and political uncertainty. The strategic shift toward natural gas aligns with the industry’s move toward lower-carbon fuels, and the company emphasizes cost control and capital discipline. Still, Vermilion competes in a crowded global industry with many larger players, so its edge is meaningful but not unassailable and remains tied to maintaining operational excellence and managing cross-border complexity.

Innovation and R&D

Innovation and R&D Vermilion is not a heavy pure R&D story, but it does use existing technologies in thoughtful ways. Its geothermal heat project in France, which reuses waste heat from oil operations to support local greenhouses and neighborhoods, is a concrete example of practical innovation that also improves its environmental profile. Across its portfolio, the company focuses on improving drilling and completion efficiency, optimizing recovery, and rolling out more digital tools to manage assets and costs. Management has also signaled interest in low-carbon initiatives such as carbon capture and potentially hydrogen, though these are still more in the concept and early-planning stage than in large-scale deployment. Overall, innovation is incremental and operational rather than purely scientific, with more detail expected as the company outlines its future roadmap.

Summary

Vermilion Energy today looks like a company that has repaired its balance sheet and tightened its operations after a volatile early decade, but whose earnings and cash flow still swing with global energy markets. The shift toward natural gas and exposure to premium European pricing provide a strategic angle that many North American peers do not have, yet this also brings added regulatory and geopolitical risk. Financially, the business has shown it can generate healthy cash flow and pay down debt, even as reported earnings move around due to price cycles and accounting items. The innovation story is pragmatic—focused on efficiency, digitalization, and selective low-carbon projects—rather than centered on breakthrough technologies. Looking ahead, the key questions are how well Vermilion can smooth out its earnings through cycles, how it navigates European and decarbonization policies, and how management chooses to balance debt reduction, shareholder returns, and reinvestment in growth.

NEWS

November 26, 2025 · 5:00 PM UTC

Vermilion Energy Inc. to Host Investor Day on December 10, 2025

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November 5, 2025 · 5:01 PM UTC

Vermilion Energy Inc. Reports Strong Q3 2025 Results, Lowers 2025 Cost Guidance, Releases 2026 Budget and Announces Planned 4% Dividend Increase

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November 5, 2025 · 5:00 PM UTC

Vermilion Energy Inc. Announces $0.13 CDN Cash Dividend for December 31, 2025 Payment Date

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