• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • BOE Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Vermilion plans to reinstate dividend in early 2022 despite $147.1 million Q3 loss

November 10, 20215:15 AM The Canadian Press0 Comments

CALGARY – Vermilion Energy Inc. says it plans to reinstate its dividend in the first quarter of 2022 even though its net loss more than doubled in its latest quarter despite a big increase in revenues.

The oil and gas producer says the payout, subject to final board approval, will be five to 10 per cent of fund flows from operations.

The Calgary-based company says it lost $147.1 million or 91 cents per share in the third quarter, compared with a loss of $69.9 million or 44 cents per share a year earlier. The loss is also above the $451.3 million or $2.70 per share earned in the second quarter.

Revenues for the three months ended Sept. 30 were $538.5 million, up from $282 million in the third quarter of 2020 and $407.2 million in the prior quarter.

Vermilion was expected to earn 35 cents per share on $435 million in revenues, according to financial data firm Refinitiv.

Fund flows from operations was $263 million, up from $114.8 million a year ago and $172.9 million in the second quarter, primarily due to higher commodity prices.

Production in the quarter averaged 84,633 barrel of equivalent per day, down from 95,471 boe/d in the third quarter of 2020.

Vermilion Energy

Follow BOE Report
  • Facebook
  • Twitter
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Week in Review – Stock gainers/fallers and most read articles
  • US natgas up 2% on forecast for more demand, record exports to Mexico
  • Canadian Rig Count Summary – First hints of the spring thaw’s end?
  • 360 acquires Astute Environmental and continues systematic sector growth
  • Oil prices rise as Congress approves US debt ceiling bill

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    BOE Network
    © 2023 Stack Technologies Ltd.