Vermilion Energy Secures Buyback Approval and Sets Q2 Earnings Date

The authorization allows the energy producer to acquire shares through the TSX, the New York Stock Exchange, and alternative trading platforms until July 11, 2027. Daily purchases on the TSX are capped at 322,467 shares, though the company retains the flexibility to execute one block purchase per week exceeding this volume limit. All acquired shares will be cancelled. To maintain activity during self-imposed blackout periods, Vermilion has established an automatic purchase plan with a designated broker.

This buyback program aligns with the company's commitment to return 40% of excess free cash flow to investors throughout 2026. Management maintains that the current market price of its common stock does not accurately reflect the company's underlying value, positioning share repurchases alongside its base dividend as a primary vehicle for capital distribution. In the preceding twelve-month period ending June 30, 2026, the firm repurchased approximately 1.75 million shares at a weighted average price of $12.43.

Beyond the buyback announcement, the company confirmed it will publish its second-quarter 2026 financial and operating results on July 29, 2026, following the market close. A conference call and webcast to discuss these results are scheduled for the following morning, July 30, at 8:00 AM MT.