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Veren Inc (VRN)

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7.09 -0.02    -0.28%
12/12 - Closed. Currency in CAD
Type:  Equity
Market:  Canada
  • Volume: 3,977,360
  • Bid/Ask: 7.05 / 7.15
  • Day's Range: 6.97 - 7.17
Veren 7.09 -0.02 -0.28%

TSX:VRN Financials

 
Explore the TSX:VRN financials. Find the Veren financial statements for a comprehensive overview of the company’s financial health. This summary highlights critical numbers from key financial reports, including the Veren annual report, the income statement, balance sheet, and cash flow statement. Gain deeper insights with financial ratios that assess the company's performance and stability. Users can customize their view by selecting data from four periods of either annual or quarterly information, making it easy to track the financial performance of Veren over time.

Veren Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was CAD 1,109.9 million compared to CAD 830.7 million a year ago. Net income was CAD 277.2 million compared to net loss of CAD 809.9 million a year ago. Basic earnings per share from continuing operations was CAD 0.45 compared to CAD 0.25 a year ago. Diluted earnings per share from continuing operations was CAD 0.45 compared to CAD 0.25 a year ago. Basic earnings per share was CAD 0.45 compared to basic loss per share of CAD 1.52 a year ago. Diluted earnings per share was CAD 0.45 compared to diluted loss per share of CAD 1.52 a year ago. For the nine months, revenue was CAD 3,033.3 million compared to CAD 2,311.8 million a year ago. Net income was CAD 126.5 million compared to net loss of CAD 380.9 million a year ago. Basic earnings per share from continuing operations was CAD 0.22 compared to CAD 0.92 a year ago. Diluted earnings per share from continuing operations was CAD 0.22 compared to CAD 0.92 a year ago. Basic earnings per share was CAD 0.2 compared to basic loss per share of CAD 0.7 a year ago. Diluted earnings per share was CAD 0.2 compared to diluted loss per share of CAD 0.7 a year ago.

AnnualQuarterly  
Advanced Financial Summary
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

VRN Income Statement

Gross margin TTM 65.45%
Operating margin TTM 20.83%
Net Profit margin TTM 27.98%
Return on Investment TTM 6.81%
 Total Revenue  Net Income
Period Ending: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023
Total Revenue 919.9 1048.2 1023.1 861.4
Gross Profit 579.6 701.7 660.5 580
Operating Income 408.6 405 -452.9 408.8
Net Income 277.2 261 -411.7 951.2

VRN Balance Sheet

Quick Ratio MRQ 0.27
Current Ratio MRQ 0.88
LT Debt to Equity MRQ 34.09%
Total Debt to Equity MRQ 43.1%
 Total Assets  Total Liabilities
Period Ending: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023
Total Assets 11511.9 11336.4 12035.5 12775.7
Total Liabilities 4793.7 4811.5 5659.6 5908.2
Total Equity 6718.2 6524.9 6375.9 6867.5

VRN Cash Flow Statement

Cash Flow/Share TTM 3.58
Revenue/Share TTM 6.25
Operating Cash Flow  45.40%
 Cash  Net Change in Cash
Period Ending: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023
Period Length: 0 Months 0 Months 0 Months 0 Months
Cash From Operating Activities 561.7 625.8 411.2 611.3
Cash From Investing Activities -411 162.9 -276.8 -1305.1
Cash From Financing Activities -148.3 -804.7 -130.2 665.9
Net Change in Cash 2.4 -16 4.5 -28.3
* In Millions of CAD (except for per share items)
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VRN Comments

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Robby Pandher
Robby Pandher Aug 09, 2023 3:20PM ET
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The government will come after your gains.
Daniel Berman
Daniel Berman Feb 10, 2023 12:39AM ET
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Very undervalued Oil &gas exploration company. The dividends since buying in 8/22 has been a mere .18 cents. So as of this date CPG is a real cost of $7.22 sutracting the dividends. March they announced a dividend of .10 cents lowering my cost to about $7.12, the closing price as of 2/9/23. This is a great mid-sized O&G producer. The value is at 50% of a very low metric and the small dividends lower my cost enough to leave me 7 months later at even money. They are projected to earn a profit if WTI is over $50 a barrel. WTI is over $75, 50% over CPG breakeven. Producing 135,00 bpd, CPG is about to be a cash cow. They have an 80/20 mix oil to gas respectively. Gas has plummetted recently below a price few would have predicted 120 days ago, but oil has held firm over $75 a barrel. The company made a great acquisition in late '22 adding to it's longer term sustainability. An undervalued gem about to become a cash cow & the long term sustainability is solid. Debt is low VALUE is A+.
Wade Bartley
Wade Bartley Feb 10, 2023 12:39AM ET
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Hi, been watching CPG for a while. Are you still holding? Thanks
Ed Wang
Ed Wang May 16, 2022 3:27PM ET
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Should see two digit soon
Charles de Secondat
Charles de Secondat Mar 20, 2022 8:36AM ET
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Add now, enjoy later
Kemal Ynr
Kemal Ynr Mar 09, 2022 10:49PM ET
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The holding will be buy their share about %10 between 9 March 2022- 8 March 2023 .
dick schwinn
justanoldguy Mar 03, 2022 7:23AM ET
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Been holding within my NNRG etf and Ninepoint mutual, added last week as separate holding, looking great this morning
Family Deboer
Family Deboer Feb 03, 2022 2:14PM ET
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All in.
Robin Schulz
Robin Schulz Jul 12, 2021 2:50PM ET
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Even if you think that it's too high now buy more and wait. You will be rewarded.
Dennis Billings
Dennis Billings Mar 24, 2021 12:11AM ET
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bought a piece of this on a whim just so I could say I saw the jump coming.... Im a *****
Robin Schulz
Robin Schulz Feb 18, 2021 11:38AM ET
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This one will go much higher. First they say nobody needs oil and then everybody needs it - the same story every time.
Chris Dafos
Chris Dafos Feb 18, 2021 11:38AM ET
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They bought out Shell's Alberta fracking assets. Highly profitable at $60 WTI. This should double in price from here over the next year.
 
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