Vermilion Energy (VET) Operating Expenses (2009 - 2026)
Vermilion Energy (VET) posted quarterly Operating Expenses of $87.8 million for Q2 2026, up 100.04% year-over-year from $43.9 million in Q2 2025, and down 14.99% quarter-over-quarter from $103.3 million in Q1 2026.
Vermilion Energy (VET) Operating Expenses (2009 - 2026) Analysis & Trends
Vermilion Energy (VET) has reported Operating Expenses for 18 consecutive years, with $87.8 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 100.04% year-over-year to $87.8 million; the TTM figure through Jun 2026 stood at -$413.9 billion (up 20.64% YoY), while the FY2025 annual figure was -$59.1 billion, down 5209.09% from the prior year.
- Operating Expenses fell to $87.8 million in Q2 2026 per VET's latest filing, from $103.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $103.3 million in Q1 2026 and bottomed at -$513.4 billion in Q4 2023.
- Historically, Operating Expenses has averaged -$144.4 billion across 5 years, with a median of -$112.2 billion in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 100.09% — and 2023, when it plunged 511570.32%.
- Vermilion Energy's Operating Expenses stood at $100.4 million in 2022, then tumbled by 511570.32% to -$513.4 billion in 2023, then soared by 93.88% to -$31.4 billion in 2024, then decreased by 23.05% to -$38.7 billion in 2025, then soared by 100.23% to $87.8 million in 2026.
- Business Quant data shows VET's Operating Expenses at $87.8 million in Q2 2026, $103.3 million in Q1 2026, and -$38.7 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.17 Bn | 156.48 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.49 Bn | 104.60 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.57 Bn | 75.66 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.79 Bn | 59.33 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.34 Bn | 45.34 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 46.14 Bn | 40.20 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.45 Bn | 35.30 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 34.08 Bn | 33.96 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.53 Bn | 26.29 Bn | - | 54.24 Mn |
| 10 | Vermilion Energy | 1.96 Bn | 1.90 Bn | 21.33 Mn | 87.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 87.84 Mn |
| Mar 31, 2026 | 103.33 Mn |
| Dec 31, 2025 | -38.67 Bn |
| Sep 30, 2025 | -375.39 Bn |
| Jun 30, 2025 | -236.90 Bn |
| Mar 31, 2025 | -141.78 Bn |
| Dec 31, 2024 | -31.43 Bn |
| Sep 30, 2024 | -111.43 Bn |
| Jun 30, 2024 | -112.17 Bn |
| Mar 31, 2024 | -149.31 Bn |
| Dec 31, 2023 | -513.38 Bn |
| Sep 30, 2023 | -396.44 Bn |
| Jun 30, 2023 | -273.57 Bn |
| Mar 31, 2023 | -136.83 Bn |
| Dec 31, 2022 | 100.37 Mn |
| Sep 30, 2022 | 96.60 Mn |
| Sep 1, 2022 | 15.75 Mn |
| Jun 30, 2022 | -114.62 Bn |
| Mar 31, 2022 | -112.18 Bn |
| Dec 31, 2021 | -413.01 Bn |