)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Vermilion Energy (VET) investor relations material
Vermilion Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 delivered strong operational and financial results, with production at the upper end of guidance and robust fund flows from operations of $254 million ($1.65 per basic share).
Strategic repositioning as a global gas producer, focusing on long-life, efficient assets and financial discipline, with 85% of production and capital now directed to global gas.
Realized gas prices significantly outperformed benchmarks, driven by global diversification and premium European exposure.
Asset repositioning and Deep Basin synergies led to improved capital and operating efficiencies, including a $20 million reduction in 2025 capital expenditure guidance and over $10 million in annual operating cost savings.
Announced a planned 4% increase to the quarterly dividend, effective Q1 2026.
Financial highlights
Q3 2025 fund flows from operations were $254 million, with free cash flow of $108 million after E&D capital expenditures of $146 million.
Net debt reduced by over $650 million since Q1 2025, now at $1.38 billion, with a net debt to four-quarter trailing FFO ratio of 1.4x.
Production averaged 119,062 boe/d in Q3 2025 (67% natural gas, 33% crude oil and liquids).
Returned $26 million to shareholders in Q3 2025 via $20 million in dividends and $6 million in share buybacks; 600,000 shares repurchased in the quarter.
Realized average natural gas price of $4.36/mcf before hedging and $5.62/mcf after hedging, significantly above AECO 5A benchmark.
Outlook and guidance
2026 E&D capital budget set at $600–$630 million, with 85% allocated to global gas assets.
2026 production guidance: 118,000–122,000 boe/d (70% natural gas), with a focus on capital efficiency and free cash flow.
Q4 2025 production expected to average 119,000–121,000 boe/d (69% natural gas); full-year 2025 production guidance at ~119,500 boe/d.
Capital and operating cost guidance reduced by $20 million and $10 million, respectively, reflecting efficiency gains.
Planned 4% dividend increase to $0.135 CAD per share, effective Q1 2026, subject to board approval.
Germany's Wisselshorst: impact on European gas?
Montney FCF post-2028: What drives the $125M?
Australia asset: Why defer drilling to 2027?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Vermilion Energy earnings date
Investor Day 202510 Dec, 2025
Next Vermilion Energy earnings date
Investor Day 202510 Dec, 2025
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Vermilion Energy Inc is engaged in the acquisition, exploration, development, and production of oil and natural gas properties. The company's operations are geographically diversified across North America, Europe, and Australia, serving energy markets with both conventional and unconventional resource production. Vermilion Energy is headquartered in Calgary, Canada, and its shares are listed on the TSX.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage