Vermilion Energy Q2 2026 profit rises as prior-year discontinued-operations impairment fades, cost cuts lift results
VET•Debt declines
- Net debt was CAD 1.22 billion at June 30, down from CAD 1.34 billion at year-end on free cash flow, expected asset-sale proceeds.
Cash flow and derivatives impact
- Fund flows from operations fell to CAD 231.2 million from CAD 259.7 million, hit by a CAD 105.2 million swing in realized derivatives.
- Operating cash flow rose to CAD 170.8 million from CAD 140.5 million, with the gap to fund flows driven by working-capital timing.
Quarterly earnings improve on smaller discontinued-operations loss
- Vermilion posted Q2 2026 net earnings of CAD 134.2 million versus a CAD 233.5 million loss, mainly from a smaller discontinued-operations loss.
- Continuing operations earnings improved on higher production, Deep Basin and Montney contributions, lower unit costs from portfolio high-grading.
Related News
Algoma Steel Q2 2026 loss narrows as insurance proceeds and FX gains offset tariff-hit shipments, higher operating loss
ASTL•
Broadstone Net Lease Enters Amendment No. 2 To Credit Agreement On July 28, 2026 - SEC Filing
BNL•
