Vermilion: Q4 Earnings Snapshot

Associated Press
Updated ·1 min read

CALGARY, Alberta (AP) _ Vermilion Energy Inc. (VET) on Monday reported a fourth-quarter loss of $44.3 million, after reporting a profit in the same period a year earlier.

The Calgary, Alberta-based company said it had a loss of 28 cents per share. Losses, adjusted for non-recurring costs, were 21 cents per share.

The oil and natural gas explorer posted revenue of $242.6 million in the period.

For the year, the company reported a loss of $1.13 billion, or $7.17 per share, swinging to a loss in the period. Revenue was reported as $835.8 million.

Vermilion shares have risen 60% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.14, a drop of roughly 8% in the last 12 months.

_____

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