Vermilion Energy Reports Q2 2024 Results

Ticker: VET · Form: 6-K · Filed: 2024-07-31T00:00:00.000Z

Sentiment: neutral

Topics: financial-results, oil-gas, sec-filing

TL;DR

Vermilion Energy dropped its Q2 2024 results on July 31st. Check the news release for details.

AI Summary

Vermilion Energy Inc. announced its financial and operational results for the three and six months ended June 30, 2024, via a news release dated July 31, 2024. The company, headquartered in Calgary, Alberta, operates in the crude petroleum and natural gas sector. This report is filed under the 1934 Securities Exchange Act.

Why It Matters

This filing provides investors with the latest financial performance and operational updates from Vermilion Energy Inc., crucial for assessing the company's current standing and future prospects in the energy market.

Risk Assessment

Risk Level: low — This is a routine financial results filing (6-K) and does not contain significant new risks or material changes.

Key Players & Entities

FAQ

What is the primary business of Vermilion Energy Inc.?

Vermilion Energy Inc. is primarily involved in the crude petroleum and natural gas industry, as indicated by its SIC code 1311.

What type of report is this filing?

This filing is a Form 6-K, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934.

When was the news release announcing the results filed?

The news release announcing the results for the three and six months ended June 30, 2024, was dated July 31, 2024.

What is the principal executive office address of Vermilion Energy Inc.?

The principal executive offices are located at 3500, 520 – 3rd Avenue S.W., Calgary, Alberta T2P 0R3.

Does Vermilion Energy Inc. file annual reports under Form 20-F or Form 40-F?

Vermilion Energy Inc. files annual reports under Form 40-F, as indicated by the checkmark next to 'Form 40-F ☒'.

From the Filing

0001279569-24-000945.txt : 20240731 0001279569-24-000945.hdr.sgml : 20240731 20240731172422 ACCESSION NUMBER: 0001279569-24-000945 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240731 FILED AS OF DATE: 20240731 DATE AS OF CHANGE: 20240731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERMILION ENERGY INC. CENTRAL INDEX KEY: 0001293135 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35829 FILM NUMBER: 241163090 BUSINESS ADDRESS: STREET 1: 3500, 520 - 3RD AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0R3 BUSINESS PHONE: 403-269-4884 MAIL ADDRESS: STREET 1: 3500, 520 - 3RD AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0R3 FORMER COMPANY: FORMER CONFORMED NAME: VERMILION ENERGY TRUST DATE OF NAME CHANGE: 20040607 6-K 1 vermilion6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934 For the month of July 2024 Commission File Number: 001-35829 Vermilion Energy Inc. (Exact name of registrant as specified in its charter) 3500, 520 – 3 rd Avenue S.W., Calgary, Alberta T2P 0R3 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☐ Form 40-F ☒ Exhibit Exhibit Description 99.1 News Release dated July 31, 2024 - Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2024 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 	 	 VERMILION ENERGY INC. By: /s/ Lars Glemser Title: Lars Glemser, VP and Chief Financial Officer Date: July 31, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED JULY 31, 2024 Exhibit 99.1 Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2024 CALGARY, AB, July 31, 2024 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2024. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca , on EDGAR at www.sec.gov/edgar.shtml , and on Vermilion's website at www.vermilionenergy.com . Highlights Production during Q2 2024 averaged 84,974 boe/d (8) (53% natural gas and 47% crude oil and liquids), comprised of 54,987 boe/d (8) from our North American assets and 29,987 boe/d (8) from our International assets. Production for the quarter was at the upper end of our Q2 2024 guidance range and represents an increase of 2% year-over-year, and 6% year-over-year on a per share basis, primarily due to Australia, as well as the start-up of the 8-33 BC battery on our Mica Montney asset, which facilitated higher production from our recent 16-28 BC Montney wells. Given the strong operational performance year-to-date, and anticipation of new production growth during the second half of the year in Mica and Croatia offsetting planned downtime, we are increasing our annual production guidance to 83,000 to 86,000 boe/d (from 82,000 to 86,000 boe/d previously), while maintaining our capital budget guidance of $600 to $625 million. Q2 2024 fund flows from operations ("FFO") (1) was $237 million ($1.48/basic share) (2) and exploration and development ("E&D") capital expenditures (3) were $111 million, res

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