Vermilion Energy Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Vermilion Energy (TSE:VET) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$965.3m (up 97% from 3Q 2021).
Net income: CA$271.1m (up from CA$147.1m loss in 3Q 2021).
Profit margin: 28% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue.
EPS: CA$1.65 (up from CA$0.91 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vermilion Energy Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 8.7%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 14% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Vermilion Energy you should be aware of, and 1 of them is a bit concerning.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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