Vermilion Energy Inc. (VET) Q4 2024 Earnings Call Transcript

Vermilion Energy Inc. (NYSE:VET) Q4 2024 Earnings Conference Call March 6, 2024 11:00 AM ET

Company Participants

Dion Hatcher - President and CEO
Lars Glemser - VP and CFO
Darcy Kerwin - VP, International & HSE
Randy McQuaig - VP North America,
Kyle Preston - VP, IR

Conference Call Participants

Justin Ho - RBC Capital Markets
Amir Arif - ATB Capital
Travis Wood - National Bank Financial

Operator

Good morning. My name is Constantine and I will be your conference operator today. At this time, I would like to welcome everyone to The Vermilion Energy Fourth Quarter 2024 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. I will now hand the call over to Mr. Dion Hatcher, President and CEO. You may now begin your conference.

Dion Hatcher

Thank you, Constantine. Well, good morning, ladies and gentlemen. Thank you for joining us. I'm Dion Hatcher, President and CEO of Vermilion Energy. With me today are Lars Glemser, Vice President and CFO; Darcy Kerwin, Vice President, International and HSE; Randy McQuaig, Vice President, North America; and Kyle Preston, Vice President, Investor Relations.

We'll be referencing a PowerPoint presentation to discuss our 2024 full year and Q4 results. This presentation can be found on our website under Invest with Us and Events & Presentations.

Please refer to our advisory and forward-looking statements at the end of the presentation, describes forward-looking information, non-GAAP measures, and oil and gas terms used today, and outlines the risk factors and assumptions relevant to this discussion.

Vermilion delivered a strong operational and financial results in 2024. Production averaged 84,543 BOEs per day, which was above the midpoint of our original guidance and represents annual production per share growth of