Vermilion Energy is downgraded to Buy after a >100% rally, with valuation less asymmetric but still attractive. VET's portfolio shift toward long-life European gas assets and improved capital efficiency supports robust free cash flow and shareholder returns. Despite substantial hedging (~50% of 2026 production), VET trades at a >16% FCF yield and targets a $16/share fair value, implying 30% upside.

Vermilion Energy remains a Strong Buy, with significant upside supported by a fundamental transformation and attractive valuation. VET's 5-year plan targets C$1.7B cumulative excess FCF, 8–10% annual production per share growth, and substantial net debt reduction. Recent results show strong C$97.7M FCF, 25% YoY cost reduction/boe, and sustainable capital returns despite derivative-driven paper losses.

Vermilion Energy has shifted focus to natural gas, projecting 70% of 2026 production from gas, but this has muted near-term cash flow upside. VET's stock rallied 96% over the past year, outperforming peers, yet underperformed over a multi-year horizon. Q1 2026 saw solid cash flow, with C$98M free cash flow and the company reported a C$146M net loss mainly from C$301M in unrealized hedging losses.

CALGARY, AB, May 7, 2026 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce the voting results from our annual meeting of shareholders held on May 6, 2026. A total of 79,024,098 common shares representing 51.79% of Vermilion's issued and outstanding common shares were voted in connection with the meeting.

Vermilion Energy Inc. (VET:CA) Shareholder/Analyst Call Prepared Remarks Transcript

Vermilion Energy Inc. (VET:CA) Q1 2026 Earnings Call Transcript

Vermilion Energy (VET) came out with a quarterly loss of $0.67 per share versus the Zacks Consensus Estimate of $0.22. This compares to earnings of $0.07 per share a year ago.

CALGARY, AB, May 6, 2026 /PRNewswire/ - 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 months ended March 31, 2026. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2026 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca , on EDGAR at www.sec.gov/edgar.shtml , and on Vermilion's website at www.vermilionenergy.com.

CALGARY, AB, May 6, 2026 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.135 CDN per common share, payable on June 30, 2026 to all shareholders of record on June 15, 2026. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Vermilion (VET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.