Vermilion Energy Reports Q3 GAAP EPS Miss Amid Revenue Growth
Vermilion Energy (VET) reported third-quarter results featuring a significant miss on earnings, with GAAP EPS coming in at -$0.23, which was $0.50 below market expectations. Despite the earnings shortfall, the company saw substantial top-line growth, reporting revenue of $593.86 million, representing a 32.1% increase year-over-year. The company maintained strong liquidity and cash generation metrics during the period. Vermilion reported $237 million in funds from operations (FFO), equivalent to $1.55 per basic share, and generated over $90 million in free cash flow (FCF). The results include updates regarding the company's full-year outlook.
Tickers: $VET
Topics: cash flow earnings miss FCF FFO revenue growth