Inferra AI / Company / VET
Vermilion Energy
VET · Energy
Last earnings Jul 30, 2026 · Next earnings Nov 4, 2026
Key results
Free cash flowquarter
$122 million
• Generated $231 million ($1.51/basic share) (2) of fund flows from operations ("FFO") (1) and $122 million of free cash flow ("FCF") (5) , fully funding $110 million of exploration and development ("E&D") capital expenditures (3) .
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
• Driven by accelerated debt reduction and operational performance, updated return of capital framework to target 40% to 60% of excess free cash flow to shareholders, up from the previous 40% target.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Reported net incomequarter
$134 million
• Reported net income of $134 million ($0.88/basic share), driven by strong European gas and crude oil pricing and gains on derivative instruments.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Reflecting the strength of its balance sheet, improved visibility to future free cash flow and confidence in the business, Vermilion is increasing its return of capital framework to target 40% to 60% of excess free cash flow (“EFCF”) (3) to shareholders, up from the previous 40% target.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
AI analysis
Q2 2026 · reported Jul 30, 2026
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Free cash flow | $122 million | — | — |
| Reported net income | $134 million | — | — |
Guidance · company-stated
Direction: Raised
“• Production in the first half of 2026 exceeded expectations, resulting in an increase to full-year production guidance to 121,000 to 123,000 boe/d (70% natural gas) (12) , while E&D capital expenditures remain unchanged at $600 to $630 million.”
“Strong second quarter results, including production above the top end of guidance, have supported an increase to annual production guidance to 121,000 to 123,000 boe/d, approximately 2% above prior guidance with no changes to the Company’s capital budget.”
“The current production guidance represents a 50% increase in production per share compared to 2024, the last full year before Vermilion's strategic portfolio repositioning.”
“Production in the first half of 2026 has exceeded budget expectations and as a result, production guidance has been increased to 121,000 to 123,000 boe/d (70% natural gas) (2) , while E&D capital expenditures remain unchanged at $600 to $630 million.”
Classified from the release's primary full-year outlook statement.
Cash flow & capex
Capital allocation
Returned $26 million to shareholders through dividends and share buybacks, including $21 million in dividends and $5 million of share repurchases.
Event summary
Vermilion Energy Q2 2026 — • Generated $231 million ($1.51/basic share) (2) of fund flows from operations ("FFO") (1) and $122 million of free cash flow ("FCF") (5) , fully funding $110 million of explo…
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Guidance & outlook
Direction: Raised
Company outlook: “• Production in the first half of 2026 exceeded expectations, resulting in an increase to full-year production guidance to 121,000 to 123,000 boe/d (70% natural gas) (12) , while E&D capital expenditures remain unchanged at $600 to $630 million.”
Company outlook: “Strong second quarter results, including production above the top end of guidance, have supported an increase to annual production guidance to 121,000 to 123,000 boe/d, approximately 2% above prior guidance with no changes to the Company’s capital budget.”
Company outlook: “The current production guidance represents a 50% increase in production per share compared to 2024, the last full year before Vermilion's strategic portfolio repositioning.”
Company outlook: “Production in the first half of 2026 has exceeded budget expectations and as a result, production guidance has been increased to 121,000 to 123,000 boe/d (70% natural gas) (2) , while E&D capital expenditures remain unchanged at $600 to $630 million.”
Company outlook — Raised (“increase”)
“• Production in the first half of 2026 exceeded expectations, resulting in an increase to full-year production guidance to 121,000 to 123,000 boe/d (70% natural gas) (12) , while E&D capital expenditures remain unchanged at $600 to $630 million.”
Company outlook — Raised (“increase”)
“Strong second quarter results, including production above the top end of guidance, have supported an increase to annual production guidance to 121,000 to 123,000 boe/d, approximately 2% above prior guidance with no changes to the Company’s capital budget.”
Company outlook — Raised (“increase”)
“The current production guidance represents a 50% increase in production per share compared to 2024, the last full year before Vermilion's strategic portfolio repositioning.”
Company outlook — Raised (“increased”)
“Production in the first half of 2026 has exceeded budget expectations and as a result, production guidance has been increased to 121,000 to 123,000 boe/d (70% natural gas) (2) , while E&D capital expenditures remain unchanged at $600 to $630 million.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Returned $26 million to shareholders through dividends and share buybacks, including $21 million in dividends and $5 million of share repurchases.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
• Declared a quarterly cash dividend of $0.135 per common share, payable on September 29, 2026, to shareholders of record on September 15, 2026.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
The measure is used by management to assess the contribution of each business unit to Vermilion’s ability to generate income necessary to pay dividends, repay debt, fund asset retirement obligations, and make capital investments.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
FCF is used by management to determine the funding available for investing and financing activities including payment of dividends, repayment of long-term debt, reallocation into existing business units and deployment into new ventures.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Vermilion's return of capital program is supported by a sustainable base dividend, which has grown for five consecutive years, combined with an ongoing share buyback program.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
The Company also returned $26 million to shareholders through $21 million of dividends and $5 million of share repurchases in the quarter.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Strategy & priorities
Vermilion is on track to increase production through planned infrastructure expansion over the next two years to produce the 67 Bcf (43 Bcf net) of gas reserves assigned to the discovery well.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
The current production guidance represents a 50% increase in production per share compared to 2024, the last full year before Vermilion's strategic portfolio repositioning.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
The Company also achieved another key milestone in its European gas strategy with first production from Wisselshorst, Vermilion's largest discovery in Europe to date.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Vermilion’s capital allocation priorities remain focused on disciplined investment and balance sheet strength to deliver shareholder returns.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Vermilion continues to optimize AECO exposure and will prioritize profitability over production through periods of weaker prices.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Risks & headwinds
Forward-looking statements or information are based on current expectations, estimates, and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Vermilion and described in the forward-looking statements or information.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
While a certain number of the unbooked drilling locations have been de-risked by Vermilion drilling existing wells in relative close proximity to such unbooked drilling locations, the majority of other unbooked drilling locations are farther away from existing wells where management of Vermilion has less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations and if drilled there is more uncertainty that such wells will result in additional oil and gas reserves, resources or production.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Initial production rates are subject to a high degree of predictive uncertainty as a result of limited production history and may not be representative of stabilized production rates.
SEC original ↗Vermilion Energy — Earnings release (6-K exhibit)EX-99Jul 30, 2026
Earnings deck slides
6 decks with slide viewCompetitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
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Earnings releases
3 documentsPresentations
6 documents
Transcripts
0 documentsNo transcripts for Vermilion Energy are held in this edition of the library.
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