CA - Vermilion Energy GAAP EPS of $2.34 beats by $1.97 revenue of $552.69M

2023-05-03 16:31:26 ET

• Vermilion Energy press release ( NYSE: VET ): Q1 GAAP EPS of $2.34 beats by $1.97 .
• Revenue of $552.69M (-31.8% Y/Y).
• Q1 2023 fund flows from operations ("FFO") ⁽¹⁾ was $253 million ($1.56/basic share) ⁽²⁾ and exploration and development ("E&D") capital expenditures ⁽³⁾ were $155 million, resulting in free cash flow ("FCF") ⁽⁴⁾ of $98 million ($0.60/basic share) ⁽⁵⁾ .
• Repurchased 1.6 million common shares for $30 million and declared cash dividends of $16 million, for a total of $46 million returned to shareholders in the quarter. In conjunction with our Q1 2023 release, we announced a quarterly cash dividend of $0.10 per share, payable on July 17, 2023 to shareholders of record on June 30, 2023.

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