.png)
CALGARY, AB, Nov. 1, 2023 /CNW/ – 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 and nine months ended September 30, 2023. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2023 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 . Highlights Q3 2023 fund flows from operations (“FFO”) (1) was $270 million ($1.65/basic share) (2) and exploration and development (“E&D”) capital expenditures (3) were $126 million, resulting in free cash flow (“FCF”) (4) of $144 million ($0.88/basic share) (5) . Year-to-date net earnings of $566 million ($3.45/basic share) driven by strong price realization and acquisition and disposition activity. The TTF natural gas benchmark price in Europe averaged $14.11 per mcf in Q3 2023, which was over five times higher than the average AECO benchmark index price for the quarter. Approximately 35% of Vermilion’s Q3 2023 gas production had direct exposure to European gas pricing. Net debt […]
CamTrader offers a preview only. View original article. boereport.com
