Categories Earnings, Energy

Vermillion Energy (VET): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Vermillion Energy Inc. (NYSE: VET) reported Q4 2019 net earnings of $1.4 billion compared to $323.3 billion in the same period last year.

— Fund flows from operations totaled $215.5 billion, or $1.38 per share, compared to $222.3 billion, or $1.44 per share last year.

— Total production averaged 97,875 boe/d.

— In the US, production averaged 5,683 boe/d.

— In Canada, production averaged 58,593 boe/d.  

— For FY2020, production is expected to be 100,000 to 103,000 boe/d.

— VET shares were down 0.53% in premarket hours on Friday.

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