Vermilion Energy Becomes 25% of Portfolio After $6.86 Million Buy

Company Overview - Vermilion Energy is a diversified energy producer with a global footprint, leveraging a broad portfolio of oil and gas assets to drive revenue [6] - The company operates an integrated exploration and production model, generating revenue from the extraction and sale of hydrocarbons across developed and undeveloped acreage [9] - As of February 13, 2026, Vermilion Energy reported a revenue of $2.3 billion and a net income of -$234.3 million, with a dividend yield of 3.81% [4] Recent Transactions - On February 13, 2026, LM Asset Management disclosed the purchase of 830,600 shares of Vermilion Energy, amounting to an estimated $6.86 million based on quarterly average pricing [1][2] - The value of Vermilion Energy's stake in LM Asset Management increased by $8.46 million over the quarter, reflecting both additional share purchases and price appreciation [2] Financial Performance - Vermilion Energy posted third-quarter fund flows from operations of $254 million and free cash flow of $108 million, while cutting capital guidance and lowering operating cost expectations [10] - Net debt has fallen to $1.38 billion, bringing leverage to 1.4 times trailing fund flows, and management outlined a 4% dividend increase for early 2026 [10] Market Position - Vermilion Energy commands roughly a quarter of LM Asset Management's reported assets, indicating a high-conviction call on commodity discipline, capital returns, and balance sheet repair [7][8] - As of February 13, 2026, Vermilion Energy shares were priced at $10.03, reflecting a 14.9% increase over the past year, with a one-year alpha of 3.10 percentage points versus the S&P 500 [8]