Vermilion: Q4 Earnings Snapshot

Associated Press Finance
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CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Vermilion Energy Inc. (VET) on Wednesday reported a loss of $590 million in its fourth quarter.

On a per-share basis, the Calgary, Alberta-based company said it had a loss of $3.61. Earnings, adjusted for asset impairment costs, came to 95 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The oil and natural gas explorer posted revenue of $384.2 million in the period.

For the year, the company reported a loss of $174.5 million, or $1.07 per share. Revenue was reported as $1.49 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VET at https://www.zacks.com/ap/VET

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