Vermilion Energy's Big Moves: What Calgarians Need to Know
Calgary-based Vermilion Energy is making waves, announcing robust Q3 2025 results and a strategic 2026 budget on November 5, 2025. The company revealed $254 million in fund flows from operations and significantly slashed its net debt by $100 million in Q3, bringing it to $1.3 billion as of September 30, 2025. Adding to the positive news, Vermilion plans to boost shareholder dividends by 4%.
This comes at a time when Calgary's energy sector is showing resilience, with the Trans Mountain Pipeline Expansion expected to bolster crude oil capacity and cash flows across Alberta. The city's economic outlook for 2025 is projected to outpace both provincial and national growth, driven by key sectors like energy.
Vermilion's 2026 budget earmarks a substantial capital investment of $600-$630 million, primarily targeting global gas assets. The lion's share of this investment, including plans for 49 new wells, will fuel Canada’s Deep Basin and Montney regions. With Q3 2025 production averaging 119,062 boe/d, Vermilion's moves underscore a confident outlook amidst a local market keen on strong energy performance and consistent dividends, as seen with other Calgary energy giants recently declaring increases.
