Vermilion Energy

Vermilion Energy has received approval for a Normal Course Issuer Bid to repurchase up to 15,157,179 common shares (approximately 10% of the free float) from July 12, 2026 through no later than July 11, 2027. The company may acquire up to 322,467 shares per day and may execute block transactions once per week; all repurchased shares will be cancelled. The buyback is at a price of $9.52 (according to InvestingPro, below estimated fair value); market capitalization is $1.46 billion and the dividend yield is 4.27%. Vermilion also announced it will publish Q2 results on July 29, 2026. » More on de.investing.com

Vermilion Energy reports Q1 2026 production of about 125,000 boe/d, slightly above its guidance range. Production comprised roughly 59% Canadian gas, 13% European gas and 28% liquids; strong performance in the Deep Basin and Montney and early start-ups contributed, while cyclones in Australia reduced output. In March Vermilion signed to buy German producing assets of about 1,000 boe/d (85% gas), with closing expected in H2 2026 (economic effective date January 1, 2025). A stronger price environment lifted revenues and resulted in EBITDA of USD 870m, and the company also announced the sale of a non-producing Croatian asset for ~EUR 15m, with proceeds to be used primarily to reduce debt. » More on de.investing.com

Vermilion Energy has outlined a strategy to become a focused global gas producer, increasing gas weighting to 65–70% and targeting production of about 119,500 boe/d for 2025. By exiting five non-core businesses and concentrating on the Deep Basin, Montney and Germany, production is expected to rise by ~40% by 2026 while unit costs fall by >30%. Around half or more of European production is hedged at floor prices. The 2026 budget emphasizes cost discipline, debt reduction and capital returns; the dividend is raised by 4%. Risks remain gas price volatility, exploration and regulatory uncertainties, and a forecasted decline in FFO per share. » More on de.investing.com