Vermilion Energy (VET) Operating Expenses (2009 - 2026)

On a TTM basis, Vermilion Energy's Operating Expenses came in at $257.04 million as of Jun 30, 2026, down 30.9% year-over-year; for the year ended Dec 31, 2025, it was $42.31 million, down 89.6% from the prior year.

• Annual Operating Expenses has a five-year compound annual growth rate of -55.1% (years ended Dec 2020 to Dec 2025).
• Across earlier years, Operating Expenses came in at $406.54 million in the year ended Dec 31, 2024 (-76.0%), $1.69 billion in the year ended Dec 31, 2023 (+61.5%), $1.05 billion in the year ended Dec 31, 2022 and $12.79 million in the year ended Dec 31, 2021 (-99.4%).
• Quarterly Operating Expenses has ranged from -$798.61 million in the quarter ended Dec 31, 2025 to $532.46 million in the quarter ended Mar 31, 2026 over the past five years.
• On a year-over-year basis, Operating Expenses rose in two of the last five quarters, with growth averaging 12.2%.
• Peak year-over-year performance for Operating Expenses in the last five years was growth of 72.9% in the quarter ended Mar 31, 2026, against a decline of 96.2% in the quarter ended Sep 30, 2023 at the low end.
• Per Business Quant, the preceding three quarters came in at $532.46 million (quarter ended Mar 31, 2026), -$798.61 million (quarter ended Dec 31, 2025) and $301.78 million (quarter ended Sep 30, 2025).