Overview

* Vermilion Q3 fund flows from operations at C$254 mln, with C$108 mln free cash flow

* Company reduced net debt by over C$650 mln since Q1 2025

* Vermilion plans 4% dividend increase, effective Q1 2026

Outlook

* Vermilion expects Q4 2025 production to average 119,000 to 121,000 boe/d

* Company forecasts full-year 2025 production of approximately 119,500 boe/d

* Vermilion sets 2026 E&D capital budget at $600 to $630 mln

Result Drivers

* ASSET REPOSITIONING - Vermilion's successful asset repositioning and realized Deep Basin synergies contributed to reduced capital and operating cost guidance

* PRODUCTION STRATEGY - Co shut in gas production and deferred well start-ups to optimize margins amid volatile pricing

* DRILLING SUCCESS - Strong results from Deep Basin and Netherlands drilling programs exceeded expectations, reinforcing confidence in asset potential

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Capex C$146

mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the integrated oil & gas peer group is "buy."

* Wall Street's median 12-month price target for Vermilion Energy Inc ( VET ) is C$14.00, about 25.9% above its November 4 closing price of C$10.37

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)