Veren reports $277.2-million third-quarter profit, trims 2024 production guidance [Globe and Mail, The (Toronto, Canada)]
Veren Inc. Common shares (VRN)
Company Research
Source: Globe and Mail, The
The former Crescent Point Energy says its net income amounted to 45 cents per share for the three months ended Sept. 30 compared with a loss of $809.9-million or $1.52 per share in the same quarter last year. Average daily production for the quarter was 184,829 barrels of oil equivalent per day, up from 180,581 a year earlier. Veren says its adjusted net earnings from operations amounted to 29 cents per share, down from an adjusted profit of 59 cents per share a year earlier. In its guidance for 2024, Veren says it now expects total annual average production of 191,000 barrels of oil equivalent per day, down from earlier expectations for between 192,500 and 197,500. The company also says it now expects its development capital expenditures to total between $1.45-billion and $1.5-billion for 2024 compared with earlier guidance for between $1.4-billion and $1.5-billion. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that ar
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VRN
News
- Veren Inc. (NYSE: VRN) had its price target lowered by analysts at Royal Bank of Canada from $12.00 to $10.00. They now have an "outperform" rating on the stock.MarketBeat
- Veren stock drops after lowering 2024 production goals [Wealth Professional (Canada)]Wealth Professional
- Veren Announces Q3 2024 Results & Updated Outlook [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Veren Announces Q3 2024 Results & Updated OutlookPR Newswire
- Veren Confirms Quarterly DividendPR Newswire
VRN
Earnings
- 10/31/24 - Beat
VRN
Sec Filings
- 11/13/24 - Form SC
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- VRN's page on the SEC website