VET on NYSE

Vermilion Energy

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

Energy company

Vermilion Energy is an international energy producer based in Calgary, Canada. It has operations in North America, Europe and Australia. Vermilion is listed on the Toronto Stock Exchange and the New York Stock Exchange.3 It employed 166 people.1 Its shares trade on NYSE under the symbol VET.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

1.8BRevenue, fiscal 20256
-653.6MNet income, fiscal 20256
1994Founded1

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  • TickerVET on NYSE1
  • Industrypetroleum industry1
  • HeadquartersCalgary1
  • Websitewww.vermilionenergy.fr
  • Legal formjoint-stock company1
  • Listed onNasdaq, New York Stock Exchange (VET), Toronto Stock Exchange1
  • Incorporated inAlberta, Canada7
  • Business address3500, 520 - 3Rd Avenue S.W., Calgary, A0 T2P 0R37
  • LEI8945009D1HGCJC8M8A684
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address520 3rd Avenue SW, T2P 0R3 Calgary, Canada4
  • Registered withMinistry of Service Alberta, 20268998944

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Vermilion Energy is an international energy producer based in Calgary, Canada. It has operations in North America, Europe and Australia. Vermilion is listed on the Toronto Stock Exchange and the New York Stock Exchange.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2025

-37.0%Net margin6
14.1%Revenue growth, 20256
-29.4%Return on equity6
0.56×Debt to equity6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin6¢98.5M CAD
  • Other costs85¢1.5B CAD
  • Interest8¢132.7M CAD
  • Income tax2¢40.0M CAD

Out of 1.8B CAD in revenue.6 The company lost money this year.

Financial statements

Revenue9101112131461.8B CAD in 2025+16% since 2018
01.0B CAD2.0B CAD3.0B CAD4.0B CAD2018: 1.5B CAD1.5B CAD20182019: 1.7B CAD1.7B CAD2019+15%2020: 1.1B CAD1.1B CAD2020−35%2021: 2.0B CAD2.0B CAD2021+79%2022: 3.4B CAD3.4B CAD2022+67%2023: 2.0B CAD2.0B CAD2023−41%2024: 1.5B CAD1.5B CAD2024−23%2025: 1.8B CAD1.8B CAD2025+14%
Net income910111213146-653.6M CAD in 2025
-2.0B CAD-1.0B CAD01.0B CAD2.0B CAD2018: 271.6M CAD271.6M CAD20182019: 32.8M CAD32.8M CAD2019−88%2020: -1.5B CAD-1.5B CAD20202021: 1.1B CAD1.1B CAD20212022: 1.3B CAD1.3B CAD2022+14%2023: -237.6M CAD-237.6M CAD20232024: -46.7M CAD-46.7M CAD2024−80%2025: -653.6M CAD-653.6M CAD2025+1298%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Petroleum and natural gas sales1.8B CAD1.5B CAD
Royalties-119.1M CAD-92.9M CAD
Sales of purchased commodities63.5M CAD92.8M CAD
Petroleum and natural gas revenue1.8B CAD1.5B CAD
Purchased commodities63.5M CAD92.8M CAD
Operating508.5M CAD446.2M CAD
Transportation132.9M CAD86.2M CAD
Equity based compensation25.2M CAD29.9M CAD
(Gain) loss on derivative instruments-257.9M CAD107.5M CAD
Interest expense132.7M CAD84.6M CAD
General and administration98.5M CAD74.0M CAD
Foreign exchange loss39.9M CAD51.7M CAD
Other expense5.5M CAD13.1M CAD
Accretion71.6M CAD66.2M CAD
Depletion and depreciation697.5M CAD564.0M CAD
Impairment expense572.2M CAD
Expenses2.1B CAD1.6B CAD
Loss from continuing operations before income taxes-324.8M CAD-69.9M CAD
Deferred16.9M CAD-51.9M CAD
Current23.1M CAD78.1M CAD
Income tax expense40.0M CAD26.2M CAD
Net loss from continuing operations-364.8M CAD-96.2M CAD
Net (loss) earnings from discontinued operations-288.8M CAD49.4M CAD
Net loss-653.6M CAD-46.7M CAD
Currency translation adjustments149.2M CAD23.0M CAD
Hedge accounting reserve, net of tax1.3M CAD5.3M CAD
Fair value adjustment on investment in securities, net of tax-2.6M CAD-1.7M CAD
Comprehensive loss-505.7M CAD-20.2M CAD
Continuing operations - basic (in dollars per share)-2.37 CAD-0.61 CAD
Discontinued operations - basic (in dollars per share)-1.88 CAD0.31 CAD
Net loss per share - basic (in dollars per share)-4.25 CAD-0.30 CAD
Continuing operations - diluted (in dollars per share)-2.37 CAD-0.61 CAD
Discontinued operations - diluted (in dollars per share)-1.88 CAD0.31 CAD
Net loss per share - diluted (in dollars per share)-4.25 CAD-0.30 CAD
Basic (in shares)153.9M shares158.1M shares
Diluted (in shares)153.9M shares158.1M shares

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Corporate structure

Vermilion Energy sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Vermilion Energy

  • BlackRock Filed SCHEDULE 13G/A on Vermilion Energy, latest Jul 30, 2026 (5 filings since Oct 24, 2024)
  • MILLENNIUM MANAGEMENT LLC Filed SCHEDULE 13G/A on Vermilion Energy, latest Feb 13, 2026 (4 filings since Mar 3, 2025)
  • Vermilion Energy Calgary, Alberta, Canada
    • VERMILION EXPLORATION AND PRODUCTION IRELAND LIMITED Subsidiary · 100% · Mayo, Ireland

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Vermilion Energy reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)52.6M CAD6 Dec 31, 202561.7M CAD6 Dec 31, 2024−14.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents19.1M CAD6 Dec 31, 2025131.7M CAD6 Dec 31, 2024−85.5%

The story

Vermilion was founded in 1994 as a Canadian oil and gas exploration and production company focused on assets in Alberta, Canada.

In 1997, Vermilion expanded internationally through the acquisition of oil-producing assets in France. Since 1997, Vermilion has continued to add assets to its portfolio with operations across North America, Europe and Australia.

The company changed its status to that of a trust in December 2002 when it became known as Vermilion Energy Trust for eight years; in September 2010, it converted back to a corporation.

In 2004, Vermilion started to operate in the Netherlands. The following year in 2005, Vermilion completed an acquisition of 60% of the offshore Wandoo field and platform located on the northwest shelf of Australia.

Vermilion acquired an 18.5% non-operating stake in the Corrib field in the Republic of Ireland from Marathon Oil in 2009, which grew to 20% along with operatorship when Royal Dutch Shell exited the project in 2018. In 2021, Vermilion acquired Equinor's 36.5% stake for $434 million (€382 million), increasing its share of the gas field to 56.5%.

In March 2013, Vermilion began trading on the NYSE under the ticker symbol "VET". Vermilion entered the US market with the acquisition of properties in the Powder River Basin of northeastern Wyoming in 2014. Vermilion acquired a 25% non-operated interest in four producing natural gas fields in Germany from GDF Suez in February 2014. Also that year, Vermilion was awarded its first concession in Hungary, representing Vermilion’s initial entry into Central and Eastern Europe.

In April 2018, Vermilion announced the acquisition of Spartan Energy, a Saskatchewan-focused light oil producer, for $1.4 billion. The following year, Vermilion drilled two successful natural gas wells in Croatia.

The strategic acquisition of Leucrotta Exploration was announced on May 31, 2022, marking Vermilion’s entry into the prolific Montney resource play in Canada.

Read the full text

In February 2024, Vermilion Energy announced the acquisition of Westbrick Energy Ltd.

From Wikipedia’s article on Vermilion Energy, shared under CC BY-SA 4.0.8

Products and brands

  • oil

Listed on Wikidata.1

In Canada, Vermilion's operations are focused in the West Pembina region near Drayton Valley in Alberta, in the Peace River Arch in northeast British Columbia and northwest Alberta and the Northgate Region of southeast Saskatchewan and southwest Manitoba.

Vermilion's activities in the United States are targeting oil and gas development in the Turner Sands tight-oil play.

Vermilion has become the largest oil producer in France. In 2017, under a new climate change bill, Vermilion will no longer be an oil producer for France as of 2040. The company estimates there are more than 1.7 billion barrels of original oil in place in the five biggest conventional oil pools.

In the Netherlands, the company has undeveloped land base approximately 800,000 acres (3,200 km2). The Netherlands is characterized by high impact natural gas drilling and development. Vermilion's natural gas production in the Netherlands is priced of Title Transfer Facility (TTF).

Read the full text

In Germany, the company’s assets include four natural gas fields across 11 production licenses, covering 1,100,000 acres (4,500 km²) in the North German Basin.

Vermilion is the operator and minority owner of the Corrib gas project in Ireland. At peak production, the Corrib project has been projected to supply 60-65% of the country's natural gas demand and over 90% of the country's natural gas production. First-gas from Corrib began on 30 December 2015.

Wandoo is Vermilion's Australian asset, an offshore oil field and platform approximately 80 kilometres (50 mi) off the northwest coast of Australia. Wandoo production receives a premium to Brent Crude pricing. Vermilion originally purchased a 60% operated interest in Wandoo in 2005. The company then purchased the remaining 40% interest in Wandoo in 2007.

From Wikipedia’s article on Vermilion Energy, shared under CC BY-SA 4.0.8

Former names

  • VERMILION ENERGY TRUSTJul 2, 2004 to Sep 15, 20107

Timeline

  1. 1994Founded Founded1

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/202615

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

148 filings to the SEC since October 2021: 5 annual reports, 11 large holders, 132 other. The latest 20:

  1. Jul 30, 2026SCHEDULE 13G/A EDGAR
  2. Jul 30, 20266-K EDGAR
  3. Jul 30, 20266-K EDGAR
  4. Jul 30, 20266-K EDGAR
  5. Jul 24, 2026144 EDGAR
  6. Jul 9, 20266-K EDGAR
  7. May 15, 2026SCHEDULE 13G/A EDGAR
  8. May 7, 20266-K EDGAR
  9. May 7, 20266-K EDGAR
  10. May 6, 20266-K EDGAR
  11. May 6, 20266-K EDGAR
  12. May 6, 20266-K EDGAR
  13. May 6, 2026SD EDGAR
  14. Apr 24, 2026S-8 EDGAR
  15. Apr 8, 20266-K EDGAR
  16. Apr 2, 20266-K EDGAR
  17. Mar 5, 20266-K EDGAR
  18. Mar 5, 20266-K EDGAR
  19. Mar 4, 202640-F EDGAR
  20. Feb 26, 20266-K EDGAR

The 148 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Mackenzie Financial Corp5,592,448$74.2M0.1%+1,224,092
Ameriprise Financial Inc5,831,446$54.6M0.0%+599,350
Morgan Stanley5,382,263$50.4M0.0%−487,981
Dimensional Fund Advisors LP5,159,023$48.3M0.0%+288,566
American Century Companies Inc4,531,904$42.4M0.0%+450,682
Millennium Management LLC4,481,976$41.9M0.0%−591,023
Vanguard Capital Management LLC4,435,758$41.5M0.0%+45,772
LM Asset Management Inc.3,691,000$34.5M23.9%+533,400
Aegis Financial Corp3,260,428$30.5M4.8%+700,000
Arrowstreet Capital, Limited Partnership2,750,727$25.7M0.0%+490,933
National Bank Of Canada /fi/2,711,308$25.2M0.0%+1,047,137
UBS Group AG2,219,117$20.8M0.0%−994,274
Goldman Sachs Group Inc2,011,587$18.8M0.0%+1,358,702
Two Sigma Investments, LP1,698,359$15.9M0.0%+401,816
Bank Of Nova Scotia1,694,288$15.9M0.0%−11,764
Lazard Asset Management LLC1,339,633$12.5M0.0%−174,348
Vanguard Fiduciary Trust Co1,333,334$12.5M0.0%−11,369
Connor, Clark & Lunn Investment Management Ltd.1,321,785$12.4M0.0%−29,571
Bank Of Montreal /can/1,165,591$10.9M0.0%−420,417
Citadel Advisors LLC1,155,712$10.8M0.0%+54,443
TD Asset Management Inc1,117,602$10.5M0.0%+25,186
Royal Bank Of Canada1,109,619$10.4M0.0%+908,235
Jpmorgan Chase & Co1,116,425$10.3M0.0%+9,269
D. E. Shaw & Co., Inc.1,070,934$10.0M0.0%−68,300
Charles Schwab Investment Management Inc1,044,389$9.8M0.0%+36,317

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Vermilion Energy is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVERMILION ENERGY INC.2
  • CIK0001293135
  • Employer ID (EIN)00-000000018
  • Incorporated inAlberta18
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address3500, 520 - 3Rd Avenue S.W., Calgary, A0 T2P 0R32
  • Phone403-269-48842
  • Shares outstanding152,949,630 shares as of Dec 31, 202518
  • On EDGAR sinceJul 2, 20042
  • Filings655 in all: 6-K (576), 40-F (22), SC 13G (10), UPLOAD (9), CORRESP (8), SCHEDULE 13G/A (7), SC 13G/A (4), 40-F/A (3)2
    All 18 form types

    SCHEDULE 13G (3), SD (3), 6-K/A (2), S-8 (2), 144 (1), 40FR12G (1), 8-A12B (1), ARS (1), CERTNYS (1), F-X (1)

  • Latest filingsAnnual report (40-F) Mar 4, 2026

Securities registered for trading

ClassSymbolExchange
Common SharesVETNew York Stock Exchange

From the cover page of the 40-F filed Mar 4, 2026 (Section 12(b) of the Exchange Act).18

Sources

The numbers on this page point here. Each one links to the record it came from.

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