30 July 2026dividend declaration● Neutral
Vermilion declared a $0.135 CDN per share dividend payable September 29, 2026 to holders of record September 15, 2026, unchanged from the prior quarter. The filing contains nothing else.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 May 2026dividend declaration● Neutral
Vermilion declared a $0.135 CDN per share dividend payable June 30, 2026 to holders of record June 15, 2026, the same amount as the March 2026 payment after the 4% increase. The filing contains nothing else.
5 Mar 2026dividend declaration▲ Good
Vermilion declared a $0.135 CDN per share dividend payable March 31, 2026 to holders of record March 13, 2026, a 4% increase from $0.13 that it describes as previously announced and the fifth consecutive year of increases. The filing contains nothing else.
18 Dec 2025asset acquisition disposition● NeutralMajor
Vermilion sold a further 26,000,000 Coelacanth shares at $0.76 each ($19.76 million), lowering its stake from about 15.0% to about 10.2% (54,179,104 shares). It again cites debt reduction, and says it may now sell no more than 4,000,000 further shares without Coelacanth's consent under the amended agreement.
9 Dec 2025asset acquisition disposition● NeutralMajor
Vermilion sold 30,000,000 Coelacanth shares at $0.76 each ($22.8 million) to a group of purchasers, cutting its stake from about 20.7% to about 15.0% (80,179,104 shares). It says the sale continues its priority of reducing debt, and an amended investor rights agreement bars it from selling more than 60,000,000 of its prior shares before June 8, 2026 without Coelacanth's consent. This begins unwinding the Coelacanth stake built since 2022-2024.
5 Nov 2025dividend declaration● Neutral
Vermilion declared a $0.13 CDN per share dividend payable December 31, 2025 to holders of record December 15, 2025, unchanged. The filing contains nothing else.
8 Aug 2025dividend declaration● Neutral
Vermilion declared a $0.13 CDN per share dividend payable October 15, 2025 to holders of record September 29, 2025, unchanged. The filing contains nothing else.
5 June 2025asset acquisition disposition● NeutralMajor
Vermilion agreed to sell its US assets (about 5,500 boe/d) for $120 million cash plus up to US$7 million of contingent payments tied to WTI oil prices, with closing expected in Q3 2025; proceeds go to debt repayment. Together with the 2023 East Finn sale this completes its exit from the US, ending the Wyoming operations and the planned 2025 US drilling in earlier context. It expects to end 2025 with net debt of about $1.3 billion (1.3 times trailing fund flows) and cut 2025 capex to $630-660 million with production of 117,000-122,000 boe/d. The release also states the Westbrick acquisition closed February 26, 2025, resolving that open thread.
23 May 2025asset acquisition disposition● NeutralMajor
Vermilion agreed to sell its Saskatchewan and Manitoba assets for $415 million cash, with net proceeds going to debt repayment; they produce about 10,500 boe/d, and closing is expected in Q3 2025 subject to approvals. It expects to end 2025 with net debt of about $1.5 billion (1.4 times trailing fund flows) at current strip prices, and with a mid-Q3 close expects 2025 production of 120,000-125,000 boe/d and capex of $680-710 million. This sells the southeast Saskatchewan/Williston position held in earlier context; the release also shows the Westbrick-inclusive guidance in use.
8 May 2025dividend declaration● Neutral
Vermilion declared a $0.13 CDN per share dividend payable July 15, 2025 to holders of record June 30, 2025, unchanged from the prior quarter. The filing contains nothing else.
5 Mar 2025dividend declaration● Neutral
Vermilion declared a $0.13 CDN per share dividend payable April 15, 2025 to holders of record March 31, 2025. This is the 8% increase from $0.12 announced in December 2024; the filing contains nothing else.
11 Feb 2025debt financing● NeutralMajor
Vermilion closed its US$400 million offering of eight-year senior unsecured notes, due February 15, 2033, at a 7.250% fixed coupon paid semi-annually from August 15, 2025. This completes the offering priced on January 28; the release does not say how the proceeds will be used.
28 Jan 2025debt financing● NeutralMajor
Vermilion priced a US$400 million offering of eight-year senior unsecured notes at a 7.250% coupon, maturing February 15, 2033, with closing expected on or about February 11, 2025. Proceeds may be used to redeem or repay its existing 5.625% notes due 2025, fund part of the Westbrick Energy acquisition, pay related costs, or repay credit facility borrowings, in any combination. This adds new debt alongside the term loan increase, and the filing does not say how the proceeds will be split.
28 Jan 2025debt financing● NeutralMajor
Vermilion filed financial information on its proposed acquisition of Westbrick Energy Ltd., a new deal not mentioned in earlier context, and lenders agreed to raise a previously announced fully underwritten term loan maturing May 2028 from $250 million to $450 million. The filing gives no purchase price or the loan's purpose beyond linking it to the announcement; inference: the loan is likely meant to help fund the acquisition.
19 Dec 2024well test result▲ GoodMajor
Vermilion set its 2025 budget: $600-625 million of capital spending, production of 84,000-88,000 boe/d, and forecast fund flows of about $1.0 billion and free cash flow of about $400 million, lower than the 2024 forecast of $1.3 billion and $700 million. It raised the quarterly dividend 8% to $0.13 from $0.12 starting with the April 15, 2025 payment, and keeps the 50% of excess free cash flow return target, with the variable part going to buybacks. It has bought back and retired 16.8 million shares since July 2022 (9.1 million in 2024), cutting the share count 4.8% to 154.5 million. In Germany, its second deep gas exploration well (Wisselshorst, 64% working interest, up from 30%) flow tested at a restricted 21 mmcf/d, with production expected online in the first half of 2026. It also plans to resume operated US drilling in 2025 after none in 2024, and says the Croatia SA-7 discoveries are still being evaluated.
6 Nov 2024dividend declaration● Neutral
Vermilion declared a $0.12 CDN per common share dividend payable January 15, 2025 to holders of record December 31, 2024, unchanged. The filing contains nothing else.
31 July 2024dividend declaration● Neutral
Vermilion declared a $0.12 CDN per share dividend payable October 15, 2024 to holders of record September 27, 2024, unchanged from the prior quarter. The filing contains nothing else.
1 May 2024dividend declaration● Neutral
Vermilion declared a $0.12 CDN per share dividend payable July 15, 2024 to holders of record June 28, 2024. This is the increased rate announced in December 2023; the filing contains nothing else.
28 Feb 2024business combination● Neutral
On February 27, 2024 Vermilion bought 12,497,000 more Coelacanth shares from a single counterparty at $0.75 each ($9,372,750). Its holding rises to 110,179,604 shares, about 20.84% (about 21.88% if its 7,000,000 warrants are exercised), up from 18.55%. The shares were bought for investment, and Vermilion says it may increase or decrease the stake. This continues the stake built since the 2022 Leucrotta deal and the November 2023 purchases.
12 Dec 2023dividend declaration▲ GoodMajor
Vermilion set its 2024 budget: $600-625 million of capital spending, production of 82,000-86,000 boe/d, and forecast fund flows of about $1.3 billion and free cash flow of about $700 million (roughly 40% above its 2023 forecast). It raised the quarterly dividend 20% to $0.12 from $0.10 starting with the April 2024 payment, and plans to raise its return-of-capital target to 50% of excess free cash flow from April 1, 2024 (30% until then), with buybacks expected to double from 2023. It says the $1 billion net debt target was achieved, which fulfils the earlier commitment to raise returns once debt came down. The Mica Montney battery (16,000 boe/d) and Croatia SA-10 gas plant are now both expected mid-2024, so the Croatia start-up is later than the late 2023/early 2024 timing in earlier context. The release says the EU did not propose extending the temporary windfall tax beyond 2023.
16 Nov 2023business combination● Neutral
Vermilion reported adding to its Coelacanth holding: it bought 21,000,000 shares and 7,000,000 warrants in a public offering on November 15, 2023 at $0.80 per unit ($16.8 million), plus about 6.6 million shares on the market and through its purchase plan ($0.66-$0.85 each, roughly $5.7 million in total). It now holds 97,682,604 shares, about 18.55% of Coelacanth (about 19.62% if the warrants are exercised), up from 16.3%. The shares were bought for investment, and the purchase plan expires November 27, 2023. This continues the Coelacanth stake first built through the 2022 Leucrotta deal.
2 Nov 2023dividend declaration● Neutral
Vermilion declared a $0.10 CDN per share dividend payable January 15, 2024 to holders of record December 29, 2023, unchanged. The filing contains nothing else.
3 Aug 2023dividend declaration● Neutral
Vermilion declared a $0.10 CDN per share dividend payable October 16, 2023 to holders of record September 29, 2023, unchanged. The filing contains nothing else.
3 May 2023dividend declaration● Neutral
Vermilion declared a $0.10 CDN per share dividend payable July 17, 2023 to holders of record June 30, 2023, unchanged from the prior quarter. The filing contains nothing else.
9 Mar 2023dividend declaration● Neutral
Vermilion declared a $0.10 CDN per share dividend payable April 17, 2023 to holders of record March 31, 2023. This is the increased quarterly rate announced in January 2023, and the filing adds nothing else.
10 Jan 2023dividend declaration▲ GoodMajor
Vermilion set a 2023 capital budget of $570 million and production guidance of 87,000-91,000 boe/d (assuming Corrib closes March 31, 2023), raised the quarterly dividend 25% to $0.10 CDN from $0.08 starting with Q1 2023, and resumed share buybacks, which it had paused in Q4 2022 because of uncertainty over the European windfall tax. It expects about $800 million of 2023 free cash flow, with up to 25% returned to shareholders and the rest used for debt reduction, and net debt of $1.4 billion or less at the end of 2022. Irish government consent for the Corrib acquisition was obtained in December 2022, with closing expected in Q1 2023, which moves that thread forward but does not close it. At Mica, the first six-well Alberta pad produced about 7,500 boe/d in December; 2023 volumes are expected at 8,000 boe/d and the ramp to 13,000 boe/d is now expected in 2024, a year later than the earlier 2023 target. Windfall taxes are estimated at about $250 million for 2022 and $300 million for 2023, which the company opposes.
9 Nov 2022dividend declaration● Neutral
Vermilion declared a $0.08 CDN per share dividend payable January 16, 2023 to holders of record December 30, 2022. This is the same quarterly amount set in August 2022; the filing gives no other information.
4 Oct 2022business combination● Neutral
Vermilion reported buying more Coelacanth shares: 7,057,322 shares through its automatic purchase plan between June 20 and October 3, 2022 ($0.54-$0.85 each, $4.8 million total), plus 1,444,804 shares on June 2, 2022 by exercising its warrants at $0.27 (about $0.4 million). Its stake is now 69,342,595 shares, about 16.3% of Coelacanth, and it may keep buying. This continues the Coelacanth stake from the Leucrotta deal and resolves the open warrant-exercise item; the percentage is lower than the earlier 18.0% because that figure assumed warrant exercise and other changes in Coelacanth's share count were not explained.
11 Aug 2022dividend declaration▲ GoodMajor
Vermilion announced a 33% increase in its dividend to $0.08 CDN per share, now described as quarterly, payable October 17, 2022 to holders of record September 30 (ex-dividend September 29). This follows the pause in dividends seen in 2020 and the March 2022 statement that return of capital would rise once the debt target was reached; the filing itself does not state the reason for the increase. The old $0.23 monthly payment is replaced by a quarterly one.
1 June 2022business combination▲ GoodMajor
Vermilion closed the Leucrotta acquisition on May 31, 2022, paying $1.73 per Leucrotta share (it already held 7,536,800 shares, about 2.9%). It also paid $14.3 million for 53,303,668 shares of Coelacanth, the spun-out company, giving it 18.0% on a partially diluted basis, and intends to exercise its Coelacanth warrants. The Mica Montney property (77,000 net acres, 275 drilling prospects) is now Vermilion's. This resolves the March 2022 Leucrotta deal; the Coelacanth stake ended up at 18.0% rather than the roughly 12.5% first announced.