CALGARY – Vermilion Energy Inc. says it lost $34.6 million in its latest quarter, driven by unrealized losses on derivative instruments, partially offset by strong European gas and crude oil prices.
The company says the loss amounted to 23 cents per diluted share for the quarter ended Sept. 30, compared with a profit of $2.6 million, or two cents per diluted share, in the third quarter of 2025.
Petroleum and natural gas revenue totalled $565.8 million, up from $437.1 million, while production in the quarter totalled 117,349 barrels of oil equivalent per day, down from 119,062 a year earlier.
Fund flows from operations amounted to $236.9 million or $1.55 per diluted share, compared with $253.8 million, or $1.64 per diluted share, in the same quarter last year.
Looking ahead, Vermilion says its board has approved an exploration and development capital budget of $675 million to $725 million for 2027.
Vermilion also says it is targeting a four per cent increase in its quarterly cash dividend to 14 cents per share next year, subject to approval by the board in March.
This report by The Canadian Press was first published Nov. 4, 2026.
Companies in this story: (TSX:VET)
