VERMILION ENERGY INC. (VET) Form 6-K — Nov 4, 2026
Vermilion Energy reported a Q3 2026 net loss of $35 million ($0.23/basic share), but the loss was driven by $245 million of non-cash mark-to-market hedging losses as forward oil and European gas prices rose, which management notes improve its future revenue and FFO outlook. Underlying performance was solid: fund flows from operations of $237 million ($1.55/basic share), free cash flow over $90 million, Q3 production of 117,349 boe/d, and net debt reduced by ~$60 million to $1.17 billion (about $900 million of reduction over 18 months post-Westbrick acquisition).
Key figures
- Revenue
- 593856000
- Guidance
- Q4 2026 production ~121,000 boe/d; FY2026 production ~122,400 boe/d on $620M E&D capex; 2027 budget $675-725M with production of 122,000-126,000 boe/d; targeted 4% dividend increase to $0.14/quarter effective Q1 2027
- Total Debt
- 1181468000
- Cash Position
- 0
- Eand capex q3
- $146M
- Hedged pct 2026
- 53% of remaining 2026 net production; 38% for 2027
- Free cash flow q3
- $90.5M
- Production q3 boe d
- 117349
- Net debt sept 30 2026
- $1.17 billion (down ~$60M in quarter, ~$900M over 18 months)
- Shareholder returns q3
- $41M ($21M dividends, $20M buybacks)
- Fund flows operations q3
- $236.9M ($1.55/basic share)
- Net debt to trailing ffo
- 1.2
- Natural gas realized price
- $5.60/mcf (more than triple AECO benchmark)
- Unrealized derivative losses q3
- $245M non-cash ($188M net of taxes)
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.