Vermilion Energy Inc. reported its operating and financial results for the year ended December 31, 2024, with full-year production averaging 84,543 boe/d and Q4 2024 production at 83,536 boe/d. The company generated $1,205.8 million in fund flows from operations (FFO) for the full year and $262.7 million in Q4 2024.
Net debt stood at $966.9 million at year-end 2024, resulting in a net debt to trailing FFO ratio of 0.8 times. Vermilion repurchased 9.1 million shares year-to-date 2024, reducing the outstanding share count to 154.5 million, demonstrating its commitment to shareholder returns.
The company announced significant success in its German deep gas exploration program, with the Wisselshorst Z1a well (64% working interest) testing at 21 mmcf/d in December 2024 and a second zone testing at 20.3 mmcf/d in January 2025. Following the Westbrick acquisition, Vermilion updated its 2025 guidance, forecasting production between 125,000 and 130,000 boe/d, with 62% natural gas weighting, and E&D capital expenditures between $730 and $760 million.
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