Vermilion Energy swings to Q3 loss driven by unrealized derivative losses
FROM THE WIRE · SEEKINGALPHA.COM
[prairie morning winter] chinaface/E+ via Getty Images Vermilion Energy (VET [https://seekingalpha.com/symbol/VET]) plunged 11.7% in Wednesday's trading after reporting a C$34.6M Q3 net loss…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock fell 11.7% after the quarterly loss, driven by non-cash derivative mark-to-market losses.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Vermilion Energy reported a net loss of C$34.6 million in the third quarter.
- 02In the year-earlier quarter the company had a profit of C$2.56 million.
- 03The loss mainly reflects unrealized derivative losses tied to higher forward oil and European gas prices.
- 04Petroleum and natural gas revenue rose to C$565.8 million from C$437.1 million.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets