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BRIEF-Vermilion Energy Inc Announces 2023 Budget And Guidance

Reuters · 01/06/2023 07:12
BRIEF-Vermilion Energy Inc Announces 2023 Budget And Guidance

- Vermilion Energy Inc VET.TO:

  • VERMILION ENERGY INC. ANNOUNCES 2023 BUDGET AND GUIDANCE, 25% DIVIDEND INCREASE AND RESUMPTION OF SHARE BUYBACKS

  • VERMILION ENERGY - 2023 CAPITAL BUDGET OF $570 MILLION

  • VERMILION ENERGY INC - FORECAST 2023 FREE CASH FLOW OF APPROXIMATELY $800 MILLION

  • VERMILION ENERGY INC- SEES 2023 PRODUCTION GUIDANCE OF 87,000 - 91,000 BOE/D REPRESENTS A YEAR-OVER-YEAR INCREASE OF ABOUT 3% AT MIDPOINT

  • VERMILION ENERGY - EXPECT TO RETURN UP TO 25% OF FCF TO SHAREHOLDERS IN 2023 THROUGH BASE DIVIDEND, RESUMPTION OF SHARE BUYBACKS, WITH BALANCE ALLOCATED TO DEBT REDUCTION

  • VERMILION ENERGY INC - QUARTERLY CASH DIVIDEND INCREASED BY 25% TO $0.10 CDN PER SHARE, EFFECTIVE WITH Q1 2023 DIVIDEND

  • VERMILION ENERGY INC - COMBINED IMPACT OF TEMPORARY WINDFALL TAXES AND HEDGING LOSSES HAS REDUCED OUR 2023 FCF FORECAST BY APPROXIMATELY $350 MILLION

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((Reuters.Briefs@thomsonreuters.com;))