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This chart shows Vermilion Energy’s Revenue by Segment, split across Petroleum and Natural Gas Sales, Royalties and Sale of Purchased Commodities, reported quarterly from 2016 onwards.
|Segment||2022 Q1||2022 Q2||2022 Q3||2022 Q4||2023 Q1||Contribution in 2023 Q1|
|Petroleum and natural gas sales||810,179,000||858,844,000||964,678,000||842,693,000||552,698,000||103.43%|
|Sales of purchased commodities||47,730,000||63,429,000||83,460,000||50,215,000||49,012,000||9.17%|
Petroleum and Natural Gas Sales
In Q1 2023, Vermilion Energy reported petroleum and natural gas sales of $552,698,000, which represents a decrease compared to the previous quarters. The decline in revenue can be attributed to several factors, including lower production volumes, changes in commodity prices, and operational challenges. However, this segment still continued to be the major contributor of revenue to the company.
Royalties refer to the payments made by Vermilion Energy to government authorities or landowners for the right to extract and produce oil and gas. In Q1 2023, royalties amounted to -$67,334,000, which indicates a decrease compared to previous quarters. The decrease in royalties can be attributed to factors such as changes in production volumes, adjustments in royalty rates, and regulatory changes. It is worth noting that negative values indicate Vermilion Energy received royalty credits or deductions, resulting in a reduction in overall expenses.
Sales of Purchased Commodities
Sales of purchased commodities include revenue generated from the sale of third-party commodities purchased by Vermilion Energy. In Q1 2023, sales of purchased commodities amounted to $49,012,000, showing a slight decrease compared to previous quarters. The fluctuations in revenue from this segment can be influenced by factors such as changes in commodity prices, market demand, and the company’s purchasing and sales strategies.
Overall, the total revenue for Vermilion Energy in Q1 2023 was $534,376,000. This represents a significant decrease compared to previous quarters, indicating challenges and headwinds faced by the company during this period. The oil and gas industry is subject to various external factors, such as geopolitical events, economic conditions, and regulatory changes, which can significantly impact revenue. Monitoring these factors and adapting strategies accordingly will be crucial for Vermilion Energy to navigate the ever-changing energy landscape successfully.
Vermilion Energy is an international energy producer founded in 1994. The company’s primary focus is on acquiring, exploring, developing, and optimizing producing assets in the oil and gas industry. With operations in North America, Europe, and Australia, Vermilion targets light oil, liquids-rich natural gas, and conventional resources. The company’s mission is to create value by generating free cash flow, returning capital to investors, and making value-adding acquisitions. Vermilion Energy prioritizes health, safety, and environmental stewardship, emphasizing the safety of its workforce and protecting the natural surroundings. They have received recognition for their transparent management of environmental, social, and governance issues. Vermilion’s business is influenced by factors such as oil and gas prices, exploration and production success, regulatory changes, global energy demand, and geopolitical and economic conditions. Fluctuations in their revenue streams, including petroleum and natural gas sales and sales of purchased commodities, can be attributed to these factors.
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