Vermilion Energy Inc. reported its operating and financial results for the first quarter ended March 31, 2025, with production increasing to 103,115 boe/d, up from 85,505 boe/d in Q1 2024. This increase reflects the initial contribution from the Westbrick acquisition.
Fund flows from operations (FFO) for Q1 2025 were $256.0 million, while net earnings reached $14.9 million. Free cash flow (FCF) for the quarter was $73.9 million. The company's net debt significantly increased to $2,062.8 million at March 31, 2025, up from $966.9 million at year-end 2024, primarily due to the Westbrick acquisition.
The net debt to trailing FFO ratio rose to 1.7 times. Operationally, the Wisselshorst Z1a deep gas well in Germany (64% working interest) tested at peak rates of 20.3 mmcf/d in January 2025. The Osterheide Z2 well (100% working interest) was commissioned on March 27, 2025, with sales commencing on March 31, 2025, at restricted rates between 4 mmcf/d and 8 mmcf/d.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.