Vermilion Energy (TSE:VET) Full Year 2024 Results
Key Financial Results
- Revenue: CA$1.80b (down 1.5% from FY 2023).
- Net loss: CA$46.7m (loss narrowed by 80% from FY 2023).
- CA$0.30 loss per share (improved from CA$1.45 loss in FY 2023).
VET Production and Reserves
Oil reserves- Proven reserves: 95.016 MMbbls.
- Proven reserves: 715.811 Bcf.
- Proven reserves: 34.537 MMbbls.
- Oil equivalent production: 30.858 MMboe (30.658 MMboe in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vermilion Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Canada segment contributing a total revenue of CA$627.0m (35% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$683.2m (58% of total expenses). Explore how VET's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 12% from a week ago.
Valuation
Our analysis of Vermilion Energy based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:VET
Vermilion Energy
Engages in the acquisition, exploration, development, and production of petroleum and natural gas.
Very undervalued with moderate growth potential.
