The latest announcement is out from Veren ( (TSE:VRN) ).
In its financial results for the fourth quarter and full year of 2024, Veren Inc. reported significant achievements, including generating $642 million in excess cash flow and reducing net debt by 35%. The company returned 60% of its excess cash flow to shareholders through dividends and share repurchases. Veren’s strategic sale of infrastructure assets and operational advancements in the Alberta Montney and Kaybob Duvernay regions have strengthened its balance sheet and production capabilities. The company achieved a responsibly sourced gas certification and plans to continue optimizing its asset base in 2025, with expected excess cash flow between $625 million and $825 million.
More about Veren
Veren Inc. operates in the energy sector, focusing on the development and production of oil and gas assets. The company is primarily involved in the exploration and development of high-quality asset bases, with a significant focus on the Alberta Montney and Kaybob Duvernay regions. Veren is committed to optimizing infrastructure and enhancing production capacity, aiming to maximize shareholder returns and maintain a strong financial position.
YTD Price Performance: -8.54%
Average Trading Volume: 13,898,338
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.97B
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