Production averaged 125,789 boe/d (71% natural gas), beating the top end of guidance; realized natural gas pricing averaged $5.08/mcf.
Quarterly results and cash flow
Vermilion posted Q2 2026 net income of $134.24 million, swinging from a loss in Q1 2026; fund flows from operations fell to $231.22 million.
Free cash flow totaled $121.65 million, funding $109.58 million of capital expenditures; net debt declined about $70 million to $1.22 billion.
Updated guidance and capital returns
Full-year production guidance increased to 121,000-123,000 boe/d with E&D spending unchanged at $600-$630 million; Q3 output seen at 116,000-118,000 boe/d.
Return-of-capital framework lifted to 40%-60% of excess free cash flow; quarterly dividend set at $0.135 per share, payable Sept. 29.
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