Vermilion Energy Inc. Common (Canada) (VET) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Thank you. Thank you. Bye. Thank you. Thank you. Thank you. Thank you. Thank you. Good morning, ladies and gentlemen, and welcome to the Vermilion Q4 2025 conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, March 5, 2026. I would now like to turn the conference over to Dion Hatcher, President and CEO. Please go ahead. Thank you. Good morning, ladies and gentlemen. I'm Dion Hatcher, President and CEO of Vermilion Energy. With me today are Lars Glemster, Vice President, CFO, Darcy Kerwin, Vice President, International HSE, Randy McQuaid, Vice President, North America, Laura Conrad, Vice President, Business Development, and Travis Thorgensen, Director of Investor Relations and Corporate Planning. Please refer to our advisory and forward-looking statements in our Q4 release. It describes forward-looking information, non-GAAP measures, and oil and gas terms used today, and it relies on risk factors and assumptions relevant to this discussion. Vermilion had an impactful year, positioning herself as a global gas producer with top decile realized gas prices, lower cost structure, and a long-duration asset base capable of delivering sustainable free cash flow for decades to come. In 2025, we delivered record production and marked a pivotal year in our company's history. Through strategic A&D activity, particularly the acquisition of the high-quality assets in our core deep basin area, and the disposition of non-core assets in Saskatchewan and the United States, our portfolio is now focused on liquids-rich gas assets in Canada and pr...