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Vermilion Energy Inc.

VET Energy Oil & Gas E&P

Vermilion Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 8.72% from fiscal 2024.

Revenue
+27.4%
EPS
−1,723.0%
Free cash flow
+110.8%
Total debt
−8.19%

Quarter to September 2026, against a year earlier

10.44 0.06 −0.57%
Market cap
$1.6B
P/E
0.0×
Fwd P/E
16.2×
Dividend yield
3.71%
F-score
5/9
Altman Z
0.28
Beneish M
−4.10
Dividend safety
41/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.88%

Capital & Financial Ratios $m

Size
Market Cap 1,610.00
Revenue ttm 1,387.29
Net income ttm (343.86)
Free cash flow ttm 150.33
Net debt Q 844.98
Valuation
P/E 0.00
Forward P/E 16.20
Price / sales 1.15
Forward P/S Powerpack
Price / FCF 10.59
Price / book 1.08
Financial health
Current ratio Q 0.69 (below 1: weak)
Debt / equity Q 0.59
Interest coverage Q 6.45
Growth
Revenue growth Q +27.44% (above 0%: growing)
Operating income growth Q +239.54% (above 0%: growing)
EPS, this year +116.71% (at or above 15%: strong)
EPS, next year A +214.72% (at or above 15%: strong)
Revenue, next year A +18.23% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +58.63% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 2.5×; over the ten years it ranged from 1.1× in 2023 to 9.9× in 2016.
P/S against its own 10 years 31.63%
10-year low 10-year high
P/B against its own 10 years 41.50%
10-year low 10-year high
EV/Sales against its own 10 years 26.98%
10-year low 10-year high
EV/FCF against its own 10 years 54.50%
10-year low 10-year high

Dividends raised 4 years running

Yield
3.71%
Annual rate
0.39
Payout ratio
—
Growth, 2017–25
−19.6%/yr
  1. 2.15 ’17
  2. 2.09 ’18 −3
  3. 2.08 ’19 +0
  4. 0.43 ’20 −79
  5. 0.00 ’21 −100
  6. 0.21 ’22
  7. 0.30 ’23 +41
  8. 0.35 ’24 +16
  9. 0.37 ’25 +7
  10. 0.39 ’26e +3
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 105 96 14 32
Receivables 180 218 196 257
Inventory 42 30 33 20
Other 232 29 56 53
610 425 334 403
2023 2024 2025 Q'26
Payables 282 310 337 311
ST’ Debt — — — —
Other 13 52 43 238
516 446 397 583

Compound Annual Growth %

10y 5y 3y
Sales 6.32% 8.21% (21.65%)
Cash Flow 6.85% 12.59% (21.49%)
Earnings 0.00% 0.00% 0.00%
Book Value 0.88% 18.15% (15.29%)

Earnings Trends EPS, adjusted, against the consensus

Mar 2026 Estimate 0.22 Actual −0.67

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Jun 2025 −0.06 −0.20 Miss by 0.14
Sep 2025 0.04 −0.02 Miss by 0.06
Dec 2025 0.30 0.63 Beat by 0.33
Mar 2026 0.22 −0.67 Miss by 0.89

EPS $

Mar Jun Sep Dec Year
’26 (0.69) 0.62 (0.16) — —
’25 0.07 (1.09) 0.01 (2.05) (3.04)
’24 0.01 (0.38) 0.24 (0.09) (0.22)
’23 1.68 0.57 0.25 (3.61) (1.07)
’22 1.33 1.68 1.23 1.78 6.00
’21 2.45 2.22 (0.72) 1.69 5.56
’20 (6.28) (0.33) (0.33) (0.28) (7.17)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 356 375 404 — —
’25 373 320 317 253 1,263
’24 369 337 339 340 1,384
’23 395 344 369 380 1,487
’22 621 657 740 609 2,627
’21 297 322 417 593 1,628
’20 263 139 206 243 852
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 166 122 192 — —
’25 195 109 284 87 675
’24 263 191 100 153 706
’23 287 131 89 252 759
’22 269 413 328 385 1,395
’21 94 209 161 202 666
’20 208 (12) 78 99 373
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 68 44 90 — —
’25 68 21 528 (50) 567
’24 121 112 10 8 252
’23 307 7 (5) 158 468
’22 202 325 191 253 971
’21 28 143 111 85 367
’20 33 (37) 47 56 99
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 626 790 1,177 1,317 852 1,628 2,627 1,487 1,384 1,263 1,387 +8.1% 1,494 1,614 1,671 +9.8%
Gross margin, % 68.41 72.11 73.20 58.01 46.28 68.77 76.20 61.19 59.94 60.06 63.04 (8.4) pt
EBT (169) 96 274 106 (1,401) 1,103 1,578 (206) (5) (232) (481) +3.6%
EBT margin, % (26.94) 12.15 23.24 8.08 (164.56) 67.72 60.06 (13.86) (0.35) (18.40) (34.65) +8.5 pt
Net income (121) 48 210 25 (1,133) 917 1,010 (176) (34) (468) (344) +16.2%
Per share, $
Per share, $ Revenue 5.41 6.55 8.37 8.51 5.39 10.10 16.07 9.09 8.76 8.21 9.10 +4.7%
Earnings (1.04) 0.40 1.49 0.16 (7.17) 5.69 6.18 (1.07) (0.22) (3.04) (2.26) +12.7%
Cash flow 3.33 3.80 4.48 4.01 2.36 4.13 8.54 4.64 4.47 4.39 3.72 +3.1%
Capex (2.23) (2.23) (4.36) (2.55) (1.74) (1.86) (2.60) (1.78) (2.88) (0.70) (2.73) (12.0%)
Free cash flow 1.10 1.57 0.12 1.46 0.63 2.28 5.94 2.86 1.59 3.69 0.99 +14.4%
Book value 10.30 9.87 15.46 11.95 4.37 10.23 16.00 13.72 12.98 10.34 9.69 0.0%
Shares, m 116 121 141 155 158 161 163 164 158 154 153 +3.2%
Valuation, ×
Valuation, × P/E 0.00 95.97 15.72 96.24 0.00 2.20 2.49 0.00 0.00 0.00 0.00 21.3
P/S 7.86 5.71 2.52 1.92 0.83 1.25 0.95 1.32 1.07 1.02 1.15 2.4
P/B 4.13 3.79 1.36 1.37 1.02 1.23 0.96 0.88 0.72 0.81 1.08 1.6
EV/Sales 9.74 7.14 3.90 3.19 2.79 2.19 1.35 1.84 1.67 1.88 1.88 3.6
EV/FCF 47.85 29.77 276.72 18.59 23.93 9.72 3.65 5.86 9.18 4.18 17.39 42.9
Cash, $m
Cash, $m Operating cash flow 385 458 630 621 373 666 1,395 759 706 675 567 +6.4%
Capex (257) (269) (613) (394) (274) (299) (424) (291) (455) (108) (417) (9.2%)
Free cash flow 127 190 17 226 99 367 971 468 252 567 150 +18.1%
Balance, $m
Balance, $m Working capital (49) (78) (103) (52) (128) (219) (137) 94 (21) (62) (181) +2.7%
Net debt 996 956 1,449 1,499 1,496 1,361 861 597 647 912 845 (1.0%)
Shareholders’ equity 1,192 1,190 2,174 1,849 691 1,649 2,616 2,246 2,051 1,590 1,478 +3.3%
Returns, %
Returns, % ROA (3.79) 1.56 5.30 0.53 (30.25) 23.56 20.02 (3.52) (0.75) (11.29) (8.20) (7.5) pt
ROIC (1.80) 2.94 5.26 3.03 (3.33) 12.22 26.59 6.39 5.48 4.28 8.67 +6.1 pt
ROE (9.13) 4.03 12.46 1.23 (89.21) 78.36 47.37 (7.24) (1.59) (25.69) (20.04) (16.6) pt
People
People Employees 503 505 698 790 747 716 740 740 743 636 — +2.6%
Revenue/emp, $m 1.24 1.56 1.69 1.67 1.14 2.27 3.55 2.01 1.86 1.99 — +5.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Vermilion Energy Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TALO Talos Energy Inc. $2.5B — (loss-making) — (loss-making) +32.43% (above 0%: growing) n/m +471.14% (above 0%: growing) 100.00% 26.33% Compare
NOG Northern Oil and Gas, Inc. $2.4B — (loss-making) — (loss-making) −37.86% (below 0%: shrinking) n/m +124.48% (above 0%: growing) 44.55% (22.22%) Compare
BKV BKV Corporation $2.0B 6.4× 12.0× +1.57% (above 0%: growing) −44.72% (below 0%: shrinking) −1,530.03% (below 0%: shrinking) 60.28% 26.13% Compare
KRP Kimbell Royalty $1.9B 19.7× 15.6× +7.09% (above 0%: growing) −36.84% (below 0%: shrinking) −118.49% (below 0%: shrinking) 100.00% 36.27% Compare
MNR Mach Natural Resources LP $1.7B 10.3× 8.8× +17.13% (above 0%: growing) n/m +174.08% (above 0%: growing) 0.00% 11.45% Compare
VET Vermilion Energy Inc. $1.6B — (loss-making) 16.2× +27.44% (above 0%: growing) n/m +110.78% (above 0%: growing) 61.14% 30.33%
DMLP Dorchester Minerals, L.P. $1.3B 13.3× — +45.16% (above 0%: growing) +134.78% (above 0%: growing) +25.38% (above 0%: growing) 100.00% 53.65% Compare
GFR Greenfire Resources Ltd. $1.3B — (loss-making) 46.7× +21.83% (above 0%: growing) −38.00% (below 0%: shrinking) −386.50% (below 0%: shrinking) 93.25% 38.51% Compare
KOS Kosmos Energy Ltd. $1.3B — (loss-making) 21.6× +31.70% (above 0%: growing) n/m +200.53% (above 0%: growing) 74.14% 42.20% Compare
Median of peers $1.8B 11.8× 15.6× +19.48% −37.42% +74.93% 83.70% 31.30%

All 74 Oil & Gas E&P stocks →

Vermilion Energy Inc. (VET) Latest News

4 Nov

Impact 3 · · CNW Group

17 Oct

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1 Aug

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30 Jul

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29 Jul

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6 Apr

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31 Mar

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20 Mar

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15 Mar

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6 Mar

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5 Mar

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stockrow.com/VET · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com