Vermilion Energy Sells US Assets, Updates 2025 Guidance

TL;DR

VET selling US assets, updated 2025 guidance. Details TBD.

AI Summary

Vermilion Energy Inc. announced on June 5, 2025, an agreement to sell its United States assets. The company also provided updated guidance for 2025, reflecting this divestiture. Specific financial details of the sale were not disclosed in this filing.

Why It Matters

This sale signifies a strategic shift for Vermilion Energy, potentially impacting its geographic focus and future revenue streams. Investors will be watching how the proceeds are utilized and the effect on future performance.

Risk Assessment

Risk Level: medium — The sale of significant assets and updated guidance introduces uncertainty regarding future performance and strategic direction.

Key Players & Entities

• Vermilion Energy Inc. (company) — Registrant
• June 5, 2025 (date) — Announcement Date
• United States (location) — Assets being sold
• Lars Glemser (person) — Signatory for Vermilion Energy Inc.

FAQ

From the Filing

0001279569-25-000587.txt : 20250605 0001279569-25-000587.hdr.sgml : 20250605 20250605103308 ACCESSION NUMBER: 0001279569-25-000587 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250605 FILED AS OF DATE: 20250605 DATE AS OF CHANGE: 20250605 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 EIN: 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: 251026049 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 June 2025 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 June 5, 2025 - Vermilion Energy Inc. Announces Agreement to Sell United States Assets and Provides Updated 2025 Guidance 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: June 5, 2025 EX-99.1 2 ex991.htm NEWS RELEASE DATED JUNE 5, 2025 Exhibit 99.1 Vermilion Energy Inc. Announces Agreement to Sell United States Assets and Provides Updated 2025 Guidance CALGARY, AB, June 5, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that it has entered into a definitive agreement for the sale of its United States assets (the "Assets") for cash proceeds of $120 million (the "Transaction"). Net proceeds from the Transaction will be directed towards debt repayment to further accelerate deleveraging efforts and strengthen Vermilion's balance sheet. Based on current strip commodity pricing (1) and operational plans, we would expect to exit 2025 with net debt (2) of $1.3 billion, with a trailing net debt to FFO ratio (3) of 1.3 times. The Assets consist of approximately 5,500 boe/d (81% oil and liquids) of production and approximately 10 mmboe of Proved Developed Producing reserves estimated as evaluated by McDaniel & Associates Consultants Ltd. at December 31, 2024. The Transaction has an effective date of January 1, 2025 and is anticipated to close in Q3 2025, subject to the satisfaction of other customary closing conditions. The Transaction agreement includes $10 million of contingent payments (4) based on WTI prices over the two-year period starting July 1, 2025. This Transaction, combined with the sale of our East Finn assets in 2023, completes our exit from the United States, allowing us to focus on our core gas-weighted assets in Canada and Europe. Vermilion would like to sincerely thank our talented and dedicated field teams in Wyoming for their commitment to safe and efficient operations over the past 11 years as well as the technical teams, which provided support from Denver and Calgary. Updated 2025 Guidance Vermilion is adjusting its 2025 capital budget to a range of $630 to $660 mi