Vermilion is an international, gas-weighted E&P headquartered in Calgary running a two-pillar strategy: a scaled Canadian Deep Basin (Alberta) growth engine — materially expanded by the ~C$1.1bn Westbrick Energy acquisition (closed 2025, ~50 mboe/d) — alongside a differentiated European gas and international oil portfolio (Netherlands, Germany, Ireland, France, Croatia, Australia) that captures premium TTF/Brent-linked pricing.
FY2025 production stepped up to ~124 mboe/d on the Westbrick deal, but GAAP results were a net loss (~C$654m) driven by non-cash impairments and softer European gas prices; management concurrently high-graded the portfolio (divesting US and SE Saskatchewan assets) and prioritized debt reduction while maintaining the modest dividend (~3.4% yield).
Its EV/EBITDA of 3.7x is below the 5.9x median across the 142-company universe, the free-cash-flow yield of 14.6% is higher than the 6.5% median, and at $6.39/boe of proved reserves it is cheaper than the $13.51/boe median.
On a balanced screen across the universe, Vermilion Energy Inc. scores 54/100, strongest on valuation (74/100). Sub-scores: value 74, quality 31, growth 39, risk 41 (higher = riskier).
Vermilion Energy Inc. holds approximately 0.37 billion boe of proved (1P) reserves with FY2025 production of about 120 thousand boe/d (35% liquids), a reserve life of roughly 8.4 years. Break-even: ~$45 (corporate FCF breakeven) — Corporate FCF breakeven ~US$45-50/bbl WTI-equivalent including the base dividend and sustaining capital; premium European gas (TTF) and Brent-linked international oil materially lower the effective corporate breakeven versus North American gas peers.
For Vermilion Energy Inc., no SEC standardized measure is disclosed (non-US filer or listed NOC), so a public-source proved-NAV floor is not computable from US filings. See the interactive screener's NAV tab for peers where an SEC figure exists.
| Country / region | Prod. share | Country risk | Key jurisdiction risk |
|---|---|---|---|
| Canada | 65% | 8 | Stable; pipeline egress constraints, oil-sands emissions policy. |
| France | 9% | 20 | Stable; domestic upstream ban, majors operate abroad. |
| Netherlands | 6% | 9 | Stable; Groningen shut-in, phase-down policy. |
| Australia | 6% | 10 | Stable; rising carbon/PRRT tax scrutiny and approvals delays. |
| Germany | 5% | 14 | Stable; minimal upstream, energy-transition policy pressure. |
| Ireland | 5% | 4 | Stable; exploration ban, negligible production. |
| Other | 4% | 50 | diversified/unspecified exposure — universe-average proxy |
Enerquill Advisory provides asset valuation, petroleum fiscal modelling and risk analysis for oil, gas and LNG transactions — including bespoke, deal-specific NAV and acquirer–target screens that go well beyond this public data.
Work with us →About Enerquill| Asset | Location | Type | Notes |
|---|---|---|---|
| Deep Basin (Alberta) | Canada | Gas / condensate | Core growth engine; scaled via Westbrick 2025 (~50 mboe/d added) |
| Mannville / West Central AB | Canada | Oil / liquids | Legacy Canadian light & heavy oil, short-cycle |
| Netherlands onshore gas | Netherlands | Gas | Onshore gas; premium TTF pricing |
| Germany onshore | Germany | Gas / oil | Onshore gas and oil with exploration upside |
| Corrib | Ireland | Gas | Operated offshore gas field; premium European pricing |
| Aquitaine & Paris Basin | France | Oil | Largest onshore oil producer in France; Brent-linked |
| Wandoo | Australia | Oil | Offshore oil platform (Western Australia), Brent-linked |
| Croatia / Central Europe | Croatia | Gas | Exploration & appraisal, gas-focused |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Production (mboe/d) | 85 | 85 | 82 | 84 | 120 |
| Proved reserves (bnboe) | 0.28 | 0.28 | 0.25 | 0.25 | 0.37 |
| Revenue ($bn) | 1.6 | 2.7 | 1.6 | 1.2 | 1.2 |
| EBITDA ($bn) | 0.8 | 1.4 | 0.6 | 0.5 | 0.6 |
| Net income ($bn) | 0.8 | 1.0 | -0.2 | -0.0 | -0.6 |
| Free cash flow ($bn) | 0.3 | 0.9 | 0.3 | 0.2 | 0.2 |
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✓ FY2025 figures verified against primary sources: