Vermilion Energy (TSE:VET) has released an update.
Vermilion Energy Inc. reported strong financial results for 2023 with a fund flow from operations of $1,143 million and a significant reduction of net debt to $1.1 billion, the lowest in a decade. The company also demonstrated a commitment to shareholder returns by distributing $160 million through dividends and share buybacks. Despite a net loss due to non-cash charges, excluding these impairments, the underlying earnings were robust, and production levels met the yearly guidance expectations.
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