04:35 PM EDT, 05/07/2025 (MT Newswires) -- Vermilion Energy ( VET ) was last seen up 1% in after-hours New York trading even as it reported a big miss in first-quarter earnings, but production for the period was higher and the company provided something of a positive outlook.

Vermillion posted earnings of $14.95 million, or $0.10 per share, in the period, up from $2.31 million, or $0.01, a year earlier, but a big miss on the FactSet consensus estimate for earnings per share of $0.24.

Revenue rose 12% to $568.85 million, while Vermilion generated $256 million of fund flows in the quarter which included a one month contribution from its acquisition of Westbrick Energys and non-recurring transaction charges related to the Westbrick purchase.

Production averaged 103,115 barrels of oil equivalent per day (60% gas), a 20% rise from the year-prior quarter primarily due to increased North American production.

In its outlook, the company said the 2025 capital budget and guidance remains unchanged as it continues to prioritize free cash flow and debt reduction, while returning capital to shareholders through the dividend and ongoing share buybacks.

With the Westbrick acquisition closed and the Q1 2025 drilling program complete, second-quarter production is anticipated to average between 134,000 to 136,000 boe/d (62% natural gas), including full contribution from the Westbrick assets.

Vermilion said it is "well positioned to manage through the current market volatility" with over 50% of net-of-royalty production hedged for the remainder of 2025 combined with approximately $1 billion of liquidity on the balance sheet and no near-term debt maturities. The company added it will continue to monitor the macro and commodity price environment and is prepared to adjust the capital program if necessary.

It declared a quarterly cash dividend of $0.13 per common share, payable on July 15 to shareholders of record on June 30.

Vermilion shares were last seen up US$0.07 to US$6.21 after hours. They closed down $0.11 to $8.50 on the Toronto Stock Exchange.