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Earnings Preview: Vermilion Energy (VET) Q2 Earnings Expected to Decline
ZACKS· 2024-07-24 15:07
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. On the other hand, if they miss, the stock may move lower. Revenues are expected to be $376.54 million, up 7.3% from the year-ago quarter. Earnings Whisper A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a ...
Vermilion Energy: European Gas, M&A, And Share Repurchase Could Push The Price Up
Seeking Alpha· 2024-07-14 11:49
Core Viewpoint - Vermilion Energy is launching new projects in Mica Montney, Croatia, and Germany, which are expected to enhance production and unlevered free cash flow (FCF) in the coming years. The company is well-positioned to benefit from rising gas prices in Europe due to the ongoing war with Russia, and potential M&A activities could further drive FCF growth. A recent stock repurchase program is anticipated to reduce the share count by 10%, potentially increasing demand for the stock. The price target is estimated between $16.9 and $20 based on a discounted cash flow (DCF) model and industry transaction reviews [2][19]. Company Overview - Vermilion Energy is an international energy producer engaged in the acquisition, exploration, and development of production assets across North America, Europe, and Australia [3]. Financial Performance - From 2014 to 2020, Vermilion reported increases in cash, net property, plant & equipment, and total assets, indicating a growing business model. The total assets to total liabilities ratio stands at over 1.7x, reflecting a stable financial situation [5]. - The company has significantly reduced its long-term debt from approximately $1.5 billion to around $689 million over the last two years, which may lead to increased EV/EBITDA and price/cash flow ratios as more investors recognize this reduction [6]. - Cash per share has risen from $0.97 in 2014 to $1.18 in 2024, while the tangible book value per share is currently close to $13.7, suggesting that current investors are purchasing below tangible book value [7]. Production and Cash Flow Expectations - For 2024, Vermilion's production is projected to consist of 31% oil condensate, 22% European gas, 32% North American gas, and 15% Brent oil. The diversified international operations are expected to reduce FCF volatility and operational risks [8]. - The unlevered FCF has increased from $92 million in 2014 to approximately $591 million in 2024, with expectations of $421 million in 2024, $489 million in 2026, and $592 million in 2029. The total discounted unlevered future free cash flow from now to 2029 is estimated at $2.44 billion [14]. Stock Repurchase Program - The company has announced a stock repurchase program to buy back approximately 10% of its public float from July 12, 2024, to July 11, 2025. This program is expected to significantly reduce the share count and could act as a catalyst for stock price appreciation [15][21]. Market Position and Analyst Sentiment - The average target price from analysts is approximately 39% higher than the current market price, with a consensus indicating strong demand for the stock. Analysts have provided a mix of buy and outperform ratings, reflecting positive sentiment towards Vermilion's future prospects [17][26].
Vermilion Energy Inc. Confirms Q2 2024 Release Date and Conference Call Details and Announces TSX Approval for Renewal of Normal Course Issuer Bid
Prnewswire· 2024-07-08 20:05
CALGARY, AB, July 8, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) will release its 2024 second quarter operating and condensed financial results on Wednesday, July 31, 2024 after the close of North American markets. The unaudited interim financial statements and management discussion and analysis for the three months ended June 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedarplus.ca ...
Vermilion Energy(VET) - 2024 Q1 - Earnings Call Transcript
2024-05-06 07:27
Vermilion Energy Inc. (NYSE:VET) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Robert Michaleski - Chair of the Board of Directors Yvonne Jeffery - Vice President of Sustainability Terry Hergott - Vice President of Marketing Averyl Schraven - Vice President of People and Culture Geoff MacDonald - Vice President of Geosciences Kyle Preston - Vice President of Investor Relations Dion Hatcher - President and Chief Executive Officer Conference Call Participants Robert Michaleski G ...
Vermilion Energy(VET) - 2024 Q1 - Quarterly Report
2024-05-02 00:37
Exhibit 99.1 Summary Summary Our Director Nominees - 90% Independent Summary All of our director nominees are independent, except for Mr. Hatcher, our President and CEO. Mr. Michaleski is the Chair of our board of directors (the "Board"). We hope you join us at our shareholder meeting. Please read this Notice of Meeting, Proxy Statement and Management Information Circular ("Circular") and then vote your shares. | Meeting | · Page 10 | | --- | --- | | Governance | · Page 24 | | Directors | · Page 40 | | Comp ...
Vermilion Energy(VET) - 2023 Q4 - Earnings Call Transcript
2024-03-07 18:54
Vermilion Energy Inc. (NYSE:VET) Q4 2023 Earnings Conference Call March 7, 2024 11:00 AM ET Company Participants Dion Hatcher - President and CEO Lars Glemser - Vice President and CFO Conference Call Participants Greg Pardy - RBC Capital Markets Travis Wood - National Bank Financial Operator Good morning, ladies and gentlemen, and welcome to the Vermilion Energy Q4 Conference Call. At this time, all lines are in a lesson only mode. Following the presentation, we will conduct a question-and-answer session. ...
Vermilion Energy(VET) - 2023 Q4 - Annual Report
2024-03-06 22:21
[Filing Overview](index=1&type=section&id=Filing%20Overview) Vermilion Energy Inc. filed a Form 6-K report for March 2024, identifying as a foreign private issuer [Report Details](index=1&type=section&id=Report%20Details) Vermilion Energy Inc. filed a Form 6-K report for the month of March 2024, identifying itself as a foreign private issuer - Vermilion Energy Inc. filed a Form 6-K report for the month of March 2024[1](index=1&type=chunk) - The registrant is a foreign private issuer and files annual reports under Form 40-F[1](index=1&type=chunk)[2](index=2&type=chunk) [Exhibits](index=2&type=section&id=Exhibits) Exhibit 99.1 announces Vermilion Energy Inc.'s cash dividend of $0.12 CDN per share [Exhibit 99.1: News Release - Cash Dividend Announcement](index=2&type=section&id=Exhibit%2099.1%20News%20Release) Vermilion Energy Inc. announced a cash dividend of $0.12 CDN per share, with a payment date scheduled for April 15, 2024 Cash Dividend Details | Metric | Value | | :-------------- | :----------- | | Dividend Amount | $0.12 CDN | | Payment Date | April 15, 2024 | [Signatures](index=3&type=section&id=SIGNATURES) The Form 6-K report was duly authorized and signed by Vermilion Energy Inc.'s VP and CFO [Report Authorization](index=3&type=section&id=Report%20Authorization) The Form 6-K report was duly authorized and signed on behalf of Vermilion Energy Inc. by Lars Glemser, VP and Chief Financial Officer, on March 6, 2024 - The report was signed by Lars Glemser, VP and Chief Financial Officer, on March 6, 2024[7](index=7&type=chunk)
Vermilion Energy(VET) - 2023 Q3 - Earnings Call Presentation
2023-11-02 21:03
VERMILION VERMILION ENERGY Q3 2023 CONFERENCE CALL INTERNATIONALLY DIVERSIFIED FREE CASH FLOW FOCUSED ESG LEADERSHIP Q3 2023 HIGHLIGHTS | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------|------------------------------------------------------------------------------------------------------------------------------|-------------------------------|-------------------|--------------------|-------------------------------------------|-------| | | • \no | Q3 production was at top end of guidance r ...
Vermilion Energy(VET) - 2023 Q3 - Earnings Call Transcript
2023-11-02 16:58
Vermilion Energy Inc. (NYSE:VET) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Dion Hatcher - President, Chief Executive Officer Lars Glemser - Vice President & Chief Financial Officer Darcy Kerwin - Vice President, International and HSE Conference Call Participants Travis Wood - National Bank Financial Dennis Fong - CIBC Operator Good morning. My name is Sylvie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Vermilio ...
Vermilion Energy(VET) - 2023 Q3 - Quarterly Report
2023-11-02 13:39
Exhibit 99.1 Disclaimer Certain statements included or incorporated by reference in this document may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", or similar words suggesting future outcomes or statements regarding an outlook. Forward looking statements or information in this document may in ...