Vermilion Plans 4% Dividend Rise, $675-725M 2027 Capex Budget
Calgary – November 04, 2026 -- Vermilion Energy Inc. (TSX: VET, NYSE: VET) set a 2027 exploration and development (E&D) budget of $675 million to $725 million and targets a 4% quarterly dividend increase to $0.14 per share, after generating $237 million of fund flows from operations (FFO) in the third quarter of 2026.
Q3 free cash flow tops $90 million and net debt falls to $1.17 billion
FFO of $1.55 per basic share fully funded $146 million of E&D capital spending and left more than $90 million of free cash flow. Net debt dropped by roughly $60 million to $1.17 billion at September 30. That brings the reduction to about $900 million over the past 18 months, following the largest cash acquisition in the company's history. Production per share has grown about 50% over the same period.