Vermilion Energy Inc. announces results for the three and six months ended June 30, 2022, 33% dividend increase and return of capital framework

CALGARY, AB – 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 six months ended June 30, 2022, a 33% dividend increase and our Return of Capital Framework. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2022 will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com , on EDGAR at www.sec.gov/edgar.shtml , and on Vermilion’s website at www.vermilionenergy.com . Highlights Q2 2022 fund flows from operations (“FFO”) (1) was $453 million ($2.75/basic share) (2) and free cash flow (“FCF”) (3) was $340 million ($2.07/basic share) (4) , an increase of 16% and 12%, respectively from the prior quarter. The increases were primarily due to higher commodity prices. Cash flow from operating activities was $530 million in Q2 2022, including the impact from asset retirement obligations settled and changes in non-cash operating working capital. Pro forma Q2 2022 FFO and FCF incorporating the incremental 36.5% ownership in Corrib was $536 million ($3.26/basic share) and $422 million ($2.56/basic share), respectively. As a […]

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