Vermilion Energy Inc. (T:VET)
Business Focus: Integrated Oil & Gas
| Sector: Energy | Industry: Integrated Oil & Gas |
| Company Contact | |
| Address: | 3500-520 3 Ave SW 3500, 520 - 3RD AVENUE S.W. CALGARY AB T2P 0R3 |
| Tel: | N/A |
| Website: | https://www.vermilionenergy.com |
| IR: | See website |
| Key People | ||
| Anthony Hatcher President, Chief Executive Officer, Director | Geoff Macdonald Vice President - Geosciences | Lars Glemser Chief Financial Officer, Vice President |
| Gerard Schut Vice President - European Operations | Terry Hergott Vice President - Marketing | Averyl Schraven Vice President - People & Culture |
| Kyle Preston Vice President of Investor Relations | Yvonne Jeffery Vice President - Sustainability | Darcy Kerwin Vice President - International & HSE | Bryce Kremnica Vice President - North America |
| Business Overview |
| Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company's operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Vermilion Energy Inc revenues decreased 41% to C$2.01B. Net loss totaled C$237.6M vs. income of C$1.31B. Revenues reflect Canada segment decrease of 34% to C$757.9M, Crude Oil Production- Canada- Light & Me decrease of 31% to 4.2M barrels, Oil Equivalent Prodn (B/D)-Australia decrease of 63% to 1K barrels per day. Net loss reflects Avg. Production Costs per Barrel. |
| Employees: | 740 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3,440M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,008M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,027M as of Dec 31, 2023 |
| Net annual income (TTM): | -$237.59M as of Dec 31, 2023 |
| Free cash flow (TTM): | $229.98M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $805.56M as of Dec 31, 2023 |
| Shares outstanding: | 161,586,760 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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