1. Q1 2025 saw $568.8 million in petroleum sales, a strong performance. 2. Successful Westbrick acquisition added 50,000 boe/d, enhancing market position. 3. Production increased 23% from Q4 2024, driven by North American operations. 4. Vermilion's hedging strategy covers 52% of production for price stability. 5. Liquidity of $1 billion ensures resilience amid volatile market conditions.
The strong sales and production growth suggest an upward trajectory for VET's price, especially after significant acquisitions enhancing physical capacity.
These results directly reflect Vermilion's operational success and growth potential, indicating strong future performance which often drives stock prices.
Immediate investor reactions to financial results combined with post-acquisition effects suggest a quick market response.
PRNewswire - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2025.
The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2025 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com.
| ($M except as indicated) | Q1 2025 | Q4 2024 | Q1 2024 |
|---|---|---|---|
| Petroleum and natural gas sales | 568,846 | 504,352 | 508,035 |
| Cash flows from operating activities | 280,384 | 212,587 | 354,295 |
| Fund flows from operations (1) | 256,029 | 262,698 | 431,358 |
| Net earnings (loss) | 14,953 | (18,316) | 2,305 |
During the first quarter of 2025, Vermilion closed the acquisition of Westbrick Energy, adding approximately 50,000 boe/d of liquids rich gas and over 700 net drilling locations, establishing a dominant position in the Deep Basin of Alberta. The integration of the Westbrick assets is progressing ahead of plan as we continue to identify operational and development synergies that will further enhance the long-term value of our larger, more concentrated position in the Alberta Deep Basin.
With the Westbrick acquisition closed and the Q1 2025 drilling program complete, Q2 2025 production is expected to average between 134,000 to 136,000 boe/d (62% natural gas) including full contribution from the Westbrick assets.
Vermilion is a global gas producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia.