Vermilion Energy Inc. Reports Q3 2026 Results and Releases 2027 Budget with Planned 4% Dividend Increase

(TSX:VET, NYSE:VET) Vermilion Energy Inc. reported operating and condensed financial results for the three and nine months ended September 30, 2026. The company remains on track to deliver its upwardly revised full-year 2026 production guidance of approximately 122,400 boe/d within its capital budget of $620 million. Third quarter 2026 production averaged 117,349 boe/d, with 71% natural gas, reflecting planned maintenance in Ireland, Germany, and Canada. A 32-day turnaround in Ireland was completed on-time and on-budget, with production fully restored in September 2026. Vermilion generated $237 million ($1.55/basic share) of fund flows from operations and over $90 million of free cash flow, fully funding $146 million of exploration and development capital expenditures. Net debt was reduced by approximately $60 million to $1.17 billion at September 30, 2026, with a total net debt reduction of approximately $900 million over the past 18 months. The company returned $41 million to shareholders through dividends and share buybacks, including $21 million in dividends and $20 million of share repurchases, which is twice the value repurchased in the first half of 2026. Vermilion realized an average natural gas sales price of $5.60/mcf, more than triple the AECO benchmark, with month-ahead TTF averaging $25/MMBtu in the quarter. The company reported a net loss of $35 million ($0.23/basic share), driven by unrealized losses on derivative instruments, partially offset by strong European gas and crude oil pricing. In Germany, Vermilion completed the acquisition of producing assets and brought the Wisselshorst Z1a well (0.64 net) on production in July 2026, positioning its German business for production of approximately 7,500 boe/d in Q4 2026. In the Deep Basin, Vermilion had multiple wells ranked among the most prolific in Alberta, including a condensate-rich well that produced 12.6 mmcf/d of natural gas and over 400 bbls/d of condensate in August. The company drilled an Upper Mannville well to nearly 7,800 metres, the longest Upper Mannville well drilled by industry to-date. In the Montney, a four-well pad in Alberta was brought on production, piloting a new completion approach to reduce sand and water recovery, though these wells were impacted by third-party downtime. Canadian unit operating expenses are down approximately 10% year-over-year, and corporate general and administration and interest expenses are down approximately 30% year-over-year. Vermilion's Board approved a 2027 E&D capital budget of $675 to $725 million, with plans to deliver annual average production of 122,000 to 126,000 boe/d (approximately 71% natural gas), representing 2% absolute growth and 5% production per share growth from 2026. Of the 2027 E&D investments, $150 million is forecasted to add production starting in 2028. The company plans to invest approximately $385 million in its Montney and Deep Basin assets in 2027, drilling 41 (36.3 net) wells in the Deep Basin and 13 (13.0 net) wells in the Montney. Approximately $315 million will be invested across international assets in 2027, an increase of over 50% compared to 2026, including drilling and infrastructure in Germany, the Netherlands, and Australia. In Germany, two (1.3 net) follow-up wells at Wisselshorst are planned, and in the Netherlands, two (1.0 net) wells targeting larger structures will be drilled. In Australia, a two-well (2.0 net) drilling program will commence in the second half of 2027. Vermilion is targeting a 4% increase in the quarterly cash dividend to $0.14 per share, effective with the Q1 2027 dividend payable on March 31, 2027, subject to Board approval in March 2027. Q4 2026 production is expected to average 121,000 boe/d, with full-year production of approximately 122,400 boe/d on E&D capital expenditures of approximately $620 million. The company has elected to defer several new well start-ups and restrict gas production in Canada to align with expected higher pricing later in Q4 2026. Vermilion's return of capital framework targeting 40% to 60% of excess free cash flow to shareholders remains in place. A quarterly cash dividend of $0.135 per common share was declared, payable on December 31, 2026, to shareholders of record on December 15, 2026. Key financial and operational figures for Q3 2026 include fund flows from operations of $236,919,000, net loss from continuing operations of $35,499,000, capital expenditures of $146,466,000, free cash flow of $90,453,000, long-term debt of $1,181,468,000, net debt of $1,165,387,000, and total production of 117,349 boe/d. The average realized price for crude oil and condensate was $130.00/bbl, for NGLs $30.99/bbl, and for natural gas $5.60/mcf. The operating netback was $27.13/boe, and fund flows from operations per boe were $21.29. Shares outstanding at quarter-end were 151,822,000 basic and 152,526,000 diluted.

Vermilion Energy Inc. Announces $0.135 CDN Cash Dividend for December 31, 2026 Payment Date

(TSX:VET) (NYSE:VET) Vermilion Energy Inc. has declared a cash dividend of $0.135 CDN per common share. The dividend will be payable on December 31, 2026, to all shareholders of record as of December 15, 2026. This dividend is designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion Energy Inc. describes itself as a global gas producer focused on the acquisition, exploration, and development of liquids-rich natural gas in Canada and conventional natural gas in Europe. The company also works to optimize low-decline oil assets. Vermilion states that its portfolio is repositioned to focus on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. The company lists its priorities as health and safety, the environment, and profitability, in that order. Vermilion emphasizes the importance of safety for the public and its workers, as well as the protection of natural surroundings. The company also highlights its commitment to strategic community investment in each of its operating areas. Vermilion Energy Inc. is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

Vermilion Energy Inc. Confirms Q3 2026 Release Date and Conference Call Details

(TSX:VET) (NYSE:VET) Vermilion Energy Inc. announced it will release its 2026 third quarter operating and condensed financial results on Wednesday, November 4, 2026, before the open of North American markets. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2026, will be available on SEDAR at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Vermilion will hold a conference call and webcast presentation to discuss these results on Wednesday, November 4, 2026, at 8:00 AM ABT (9:00 AM ET). To participate in the call, investors can dial 1-888-510-2154 (Canada and US Toll Free) or 1-437-900-0527 (International and Toronto Area). A recording of the conference call will be available for replay by calling 1-888-660-6345 (Canada and US Toll Free) or 1-289-819-1450 (International and Toronto Area) and using conference replay entry code 28147# from November 4, 2026, at 12:00 PM ABT to November 11, 2026, at 12:00 PM ABT. Participants can also register for an instant automated call back at https://emportal.ink/3VrieA5 or access the webcast at https://app.webinar.net/ELK1NxdN8OD. The webcast link will be available on Vermilion's website under Upcoming Events prior to the conference call. Participants who wish to submit questions ahead of time may do so by emailing [email protected]. Vermilion Energy Inc. is described as a global gas producer focused on the acquisition, exploration, and development of liquids-rich natural gas in Canada and conventional natural gas in Europe, while optimizing low-decline oil assets. The company states its priorities are health and safety, the environment, and profitability. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

Vermilion Energy Inc. Reports Q2 2026 Results, Increases Annual Production Guidance and Enhances Return of Capital Framework

(TSX: VET) (NYSE: VET) Vermilion Energy Inc. reported Q2 2026 production averaging 125,789 boe/d (71% natural gas), exceeding the top end of guidance. Year-to-date, production per share has grown by 6% compared to 2025, and full-year production guidance was increased to 121,000 to 123,000 boe/d (70% natural gas) while E&D capital expenditures remain unchanged at $600 to $630 million. The company generated $231 million ($1.51/basic share) of fund flows from operations and $122 million of free cash flow, fully funding $110 million of exploration and development capital expenditures. Net debt was reduced by approximately $70 million to $1.22 billion at June 30, 2026, with a total net debt reduction of $840 million over the past 15 months. Vermilion returned $26 million to shareholders through dividends and share buybacks, including $21 million in dividends and $5 million of share repurchases. The company reported net income of $134 million ($0.88/basic share) and realized an average natural gas sales price of $5.08/mcf, more than triple the AECO benchmark. The company projects Q3 2026 production to average 116,000 to 118,000 boe/d, reflecting planned maintenance in Ireland, Germany and Canada.

Vermilion Energy Inc. Announces $0.135 CDN Cash Dividend for September 29, 2026 Payment Date

(TSX: VET, NYSE: VET) Vermilion Energy Inc. announced a cash dividend of $0.135 CDN per common share. The dividend is payable on September 29, 2026, to all shareholders of record on September 15, 2026. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion is described as a global gas producer focused on the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe. The company states its portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion's priorities are health and safety, the environment, and profitability, in that order. The company emphasizes strategic community investment in each of its operating areas.

Vermilion Energy Inc. Reports Strong Q1 2026 Operational and Financial Results and Continued Debt Reduction

Vermilion Energy Inc. (TSX: VET, NYSE: VET) reported strong operational and financial results for Q1 2026, generating $232 million ($1.52/basic share) in fund flows from operations and $98 million in free cash flow, fully funding $135 million in exploration and development capital expenditures. The company reduced net debt by $50 million to $1.29 billion at March 31, 2026, and returned $27 million to shareholders through dividends and share buybacks. Production averaged 125,618 boe/d (72% natural gas), up 4% quarter-over-quarter and 22% from Q1 2025. Vermilion announced the acquisition of producing assets in Germany and the divestment of its remaining 60% interest in the SA-07 block in Croatia for net proceeds of approximately €15MM ($24MM). The company expects Q2 2026 production to average 123,000 to 125,000 boe/d and full-year production to trend to the top end of the guidance range.

Vermilion Energy Inc. Announces $0.135 CDN Cash Dividend for June 30, 2026 Payment Date

Vermilion Energy Inc. announced a cash dividend of $0.135 CDN per common share, payable on June 30, 2026, to all shareholders of record on June 15, 2026. The dividend is classified as an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion is a global gas producer focused on value creation through acquisition, exploration, and development of natural gas and oil assets. The company emphasizes health and safety, environmental protection, and profitability. Vermilion trades on the TSX and NYSE under the symbol VET.