09:08 AM EDT, 07/25/2024 (MT Newswires) -- Veren ( VRN ) reported Q2 adjusted net earnings Thursday of 0.38 Canadian dollars ($0.27) per share, unchanged from a year earlier.

One analyst polled by Capital IQ expected CA$0.43.

Oil and gas sales for the quarter ended June 30 were CA$1.14 billion, up from CA$791.6 million a year earlier.

Three analysts surveyed by Capital IQ expected CA$1.19 billion.

The company said it continues to expect to produce 191,000 to 199,000 barrels of oil equivalent per day in 2024.

Veren ( VRN ) said its board declared a quarterly cash base dividend of CA$0.115 per share, payable Oct. 1 to shareholders of record on Sept. 15.

Shares of the company were up 1.3% in recent Thursday premarket activity.

Price: 7.70, Change: +0.10, Percent Change: +1.28