Company data sheet · Vermilion Energy
Vermilion Energy: three lost years, and the economy wasn't the reason.
- Industry
- Crude Petroleum & Natural Gas
- Headquarters
- Canada
- Ticker
- VET (NYSE)
- Sources
- SEC filings (2004–2026), Stratrix's verified Decision Cases, market data and official economic statistics for Canada
- Data as of
- October 18, 2026
- From profit to three straight losses. Vermilion Energy earned C$2.5 billion in 2021–2022. Then it lost money every year from 2023 to 2025: C$0.9 billion in all.
- It wasn't the cycle. The losses began in 2023, a year Canada economy grew 2.0%. When a company falls while its economy grows, look inside the company first.
- Still smaller than it was. Revenue reached C$1.8 billion in 2025, 48% below its 2022 peak of C$3.4 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | C$0.8 billion | −C$0.2 billion | |
| 2017 | C$1 billion | C$0.1 billion | |
| 2018 | C$1.5 billion | C$0.3 billion | |
| 2019 | C$1.7 billion | C$0 billion | |
| 2020 | C$1.1 billion | −C$1.5 billion | |
| 2021 | C$2 billion | C$1.1 billion | |
| 2022 | C$3.4 billion | C$1.3 billion | |
| 2023 | C$2 billion | −C$0.2 billion | |
| 2024 | C$1.5 billion | −C$0 billion | |
| 2025 | C$1.8 billion | −C$0.7 billion |
As reported in its annual filings, in CAD. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 6 measures for Canada, every year since 2016, from the official sources.
- Peer comparison: against 175 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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