Vermilion Energy (VET) Anticipates Earnings Growth Amidst Revenue Decline

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Written By Elizabeth Monroe

Vermilion Energy (VET) is set to announce its financial results for the quarter ended December 2023 this week. Analysts expect the company to report a year-over-year increase in earnings despite a decrease in company revenue.

Key Expectations

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The earnings report, scheduled for release on March 6, 2024, holds significance for investors as it could influence the stock’s near-term trajectory based on its adherence to or deviation from analyst estimates.

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Zacks Consensus Estimate

Analysts anticipate Vermilion to report quarterly earnings of $0.53 per share, reflecting a substantial year-over-year increase of +1666.7%. However, revenues are expected to decline by 28.7% year-over-year, reaching $442.92 million.

Estimate Revisions

The consensus EPS estimate has remained unchanged over the past 30 days, indicating stability in analysts’ assessments. While individual analyst revisions may not be fully reflected in the aggregate consensus, the consensus estimate provides a benchmark for investors.

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Earnings Whisper

Insight into business conditions preceding the earnings release is provided by estimated revisions. The Zacks Earnings ESP compares the Most Accurate Estimate with the Consensus Estimate, offering a potential indicator of earnings surprises.

A positive ESP, particularly when combined with a favorable Zacks Rank, increases the likelihood of an earnings beat.

Vermilion’s Outlook

For Vermilion, the Most Accurate Estimate aligns with the Consensus Estimate, resulting in an Earnings ESP of 0%. Additionally, the company holds a Zacks Rank of #4, indicating a challenging outlook for predicting an earnings beat based on current data.

Historical Performance

Assessing Vermilion’s past earnings surprises can provide insights into its ability to meet or exceed consensus estimates. In the previous quarter, Vermilion outperformed expectations with an earnings surprise of +8.70%. 

Over the last four quarters, the company has beaten consensus EPS estimates three times, underscoring its historical performance.

Financial Health and Strategy

Vermilion’s strategic initiatives and financial health play crucial roles in shaping its earnings outlook. 

The company’s focus on low-carbon natural gas development and technology innovation underscores its commitment to maximizing long-term value for shareholders. 

Leveraging its 160-year legacy and substantial asset base in the energy-rich region of Appalachia, Vermilion aims to navigate market challenges and capitalize on emerging opportunities.

Balance Sheet Analysis

Vermilion’s balance sheet strength is a key factor in its ability to weather market volatility and execute its strategic objectives. As of December 31, 2023, the company reported robust liquidity, with cash and cash equivalents totaling approximately $455 million. 

Against total liabilities of $132 million, Vermilion’s liquidity position provides a cushion for addressing financial obligations and pursuing growth initiatives.

Cash Flow Management

Analyzing Vermilion’s cash flow dynamics offers insights into its operational efficiency and capital allocation strategy. 

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Over the last nine months, the company experienced a net cash burn of $132.3 million in operating activities, translating to a monthly burn rate of approximately $14.7 million.

As Vermilion Energy prepares to disclose its financial results, investors await insights into its earnings performance and future prospects. 

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