Vermilion Energy (TSE:VET) has released an update.
Vermilion Energy Inc. has reported a strong first quarter in 2024 with fund flows from operations reaching $431 million and free cash flow of $241 million, indicating robust financial health and operational efficiency. They have achieved a significant milestone by reducing net debt to $944 million, attaining their target and recording the lowest net debt to FFO ratio in over a decade. Additionally, the company has increased shareholder returns through dividends and an aggressive share buyback program, signaling confidence in their financial strategy.
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