Vermilion Energy Inc. Reports Strong Q1 2026 Production and Advances Portfolio Repositioning

Vermilion Energy Inc. reported strong Q1 2026 production, exceeding guidance with approximately 125,000 boe/d. The company is strategically acquiring producing assets in Germany, effective January 1, 2025, which are expected to close in the second half of 2026. These assets, currently producing around 1,000 boe/d (85% natural gas), are adjacent to Vermilion's existing operations and offer potential for future development. Additionally, Vermilion has been awarded new land concessions in Germany, doubling its acreage in the North German Basin. The company also announced the divestment of its remaining 60% interest in the SA-07 block in Croatia for approximately €15MM, with proceeds intended for debt reduction. The transaction is expected to close in the second half of 2026. Production in Australia was impacted by cyclone-related downtime but is expected to resume in early Q2 2026. Vermilion will release its Q1 2026 financial results on May 6, 2026, and will hold its Annual General Meeting on the same day.