Vermilion Energy Lifts Q1 Output and Expands German Footprint While Exiting Croatian Block
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Vermilion Energy ( (TSE:VET) ) has provided an announcement.
Vermilion Energy reported first-quarter 2026 production of about 125,000 boe/d, above guidance, driven by strong performance in Canada’s Deep Basin and Montney, robust German output, and earlier-than-expected Montney wells, partly offset by cyclone-related downtime in Australia. European gas fetched an average $16/MMBtu amid geopolitical tensions, and the company expects new German and Dutch wells to sustain its international gas growth.
The company advanced its portfolio repositioning by agreeing to acquire low-decline, infrastructure-connected German assets producing around 1,000 boe/d, which increase its TTF-linked gas and Brent-linked oil output and expand future development upside. Vermilion also doubled its German acreage with three new North German Basin concessions and agreed to sell its non-producing Croatian SA-07 block for about €15 million, earmarking proceeds mainly for debt reduction while maintaining cash-generating gas output from the SA-10 block.
The most recent analyst rating on (TSE:VET) stock is a Buy with a C$24.00 price target. To see the full list of analyst forecasts on Vermilion Energy stock, see the TSE:VET Stock Forecast page.
Spark’s Take on VET Stock
According to Spark, TipRanks’ AI Analyst, VET is a Neutral.
The score is driven primarily by mixed financial performance—strong operating cash flow and moderate leverage, but pressured earnings (TTM net loss) and soft revenue. Technicals add meaningful support as price is in a clear uptrend with positive momentum. The earnings call further boosts the outlook with constructive guidance and sizable 2P reserves growth, while valuation is tempered by the negative P/E despite a moderate dividend yield.
To see Spark’s full report on VET stock, click here.
More about Vermilion Energy
Vermilion Energy Inc. is a Calgary-based oil and gas producer with a diversified portfolio focused on Canadian natural gas, European gas, and liquids, including Brent-linked oil. The company operates assets across Canada, Europe, and Australia, targeting TTF-linked European gas exposure and deep gas exploration opportunities, particularly in Germany’s North German Basin.
Average Trading Volume: 1,452,550
Technical Sentiment Signal: Buy
Current Market Cap: C$2.92B
For a thorough assessment of VET stock, go to TipRanks’ Stock Analysis page.
