VERMILION ENERGY INC. (VET) Form 6-K — Nov 4, 2026
Vermilion Energy reported Q3 2026 results with $237 million of fund flows from operations ($1.55/basic share), over $90 million of free cash flow, and production of 117,349 boe/d, while reducing net debt to $1.17 billion. The company reported a net loss of $35 million ($0.23/share) driven by $245 million in non-cash mark-to-market derivative losses from rising forward oil and European gas prices, which management notes improve the future FFO outlook. Vermilion's Board approved a 2027 E&D capital budget of $675-$725 million with production guidance of 122,000-126,000 boe/d, representing 2% absolute growth and 5% production per share growth versus 2026.
Key figures
- Revenue
- 593856000
- Guidance
- Q4 2026 production ~121,000 boe/d; FY2026 production ~122,400 boe/d on $620MM E&D capex; 2027 budget $675-725MM with production of 122,000-126,000 boe/d
- Debt Amount
- 1181468000
- Cash Position
- 0
- Shares Outstanding
- 151822000
- Q3 capex
- $146 million
- Q3 ffo usd
- $237 million ($1.55/basic share)
- Dividend declared
- $0.135/share payable December 31, 2026
- Q3 free cash flow
- $90.5 million
- Realized gas price
- $5.60/mcf (more than triple AECO benchmark)
- Q3 production boe d
- 117349
- Net debt sept 30 2026
- $1.17 billion (reduced ~$60MM in quarter; ~$900MM over 18 months)
- Net debt to ffo ratio
- 1.2
- Production mix gas pct
- 71
- Q3 shareholder returns
- $41 million ($21MM dividends, $20MM buybacks)
- Planned dividend increase
- 4% to $0.14/quarter ($0.56 annually) effective Q1 2027
- Hedged 2026 production pct
- 53
- Hedged 2027 production pct
- 38
- Unrealized derivative loss
- $245 million pre-tax ($188MM net of taxes)
AI analysis
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