Canada's Vermilion Energy reports wider Q4 net loss from continuing operations

Vermilion Energy

04/03/2026 22:29

Overview

Canadaian oil and gas producer's Q4 production exceeded company's guidance

Company's net loss from continuing operations widened to C$438.1 mln from C$18.5 mln due to non-cash impairments on legacy assets

Company reduced net debt by C$42 mln and returned C$26 mln to shareholders

Outlook

Vermilion expects Q1 2026 production to average 122,000 to 124,000 boe/d

Full-year 2026 production guidance remains at 118,000 to 122,000 boe/d

E&D capital expenditures for 2026 projected at C$600 to C$630 mln

Result Drivers

PRODUCTION INCREASE - Vermilion's Q4 production exceeded guidance, driven by strong performance from Deep Basin and Montney wells in Canada

HIGH GAS PRICES - Realized natural gas price of $5.50/mcf in Q4, more than twice the AECO benchmark, due to diversified market access

Company press release: ID:nPn9mLGvha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 FFO
C$240.7 mln
Q4 Free Cash Flow
C$49 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)