Canada's Vermilion Energy posts Q3 net loss, plans 4% dividend hike
VET•Vermilion Energy reported a third-quarter net loss of C$35 million, driven by unrealized derivative losses, and plans to raise its quarterly dividend by 4% in Q1 2027, subject to board approval.
1. Quarterly results
Vermilion Energy reported a Q3 net loss of C$35 million, driven by unrealized losses on derivative instruments as forward oil and European gas prices rose. Production averaged 117,349 boe/d, reflecting planned maintenance in Ireland, Germany and Canada; output was fully restored by September.
2. Outlook and dividend
The company expects Q4 2026 production to average 121,000 boe/d and guides for 2027 average production of 122,000-126,000 boe/d, with 71% natural gas. It plans 2027 exploration and development capital expenditures of C$675 million to C$725 million and a 4% quarterly dividend increase in Q1 2027, subject to board approval. Realized natural gas prices were more than triple the AECO benchmark.
